GATX Corporation (GATX)
GATX Corporation (NYSE: GATX) strives to be recognized as the best car rental company in the world by our customers, our shareholders, our employees and the communities where we operate. The company is headquartered in Chicago, Illinois since its founding in 1898.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 67.47% per annum.
- GATX price at the close of May 9, 2024 was $132.16 and was lower than the bottom border of the primary price channel by $1.81 (1.35%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 25.16% per annum.
- GATX price at the close of May 9, 2024 was higher than the top border of the secondary price channel by $1.76 (1.35%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of GATX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 29, 2023
End date: April 11, 2024
a = 2.3665
b = 0.0014
s = 0.0243
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0243) – 1
= 10.20%
September 29, 2023 calculations
Top border of price channel:
Exp(Y1,105)
= Exp(a + b × X1,105 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(2.3665 + 0.0014 × 1,603 + 2 × 0.0243)
= Exp(4.6797)
= $107.74
Bottom border of price channel:
Exp(Y1,105)
= Exp(a + b × X1,105 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(2.3665 + 0.0014 × 1,603 – 2 × 0.0243)
= Exp(4.5826)
= $97.77
April 11, 2024 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(2.3665 + 0.0014 × 1,798 + 2 × 0.0243)
= Exp(4.9552)
= $141.91
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(2.3665 + 0.0014 × 1,798 – 2 × 0.0243)
= Exp(4.8581)
= $128.78
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 67.47% per annum.
- GATX price at the close of May 9, 2024 was $132.16 and was lower than the bottom border of the primary price channel by $1.81 (1.35%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 6, 2024
End date: May 6, 2024
a = 6.2903
b = -0.0008
s = 0.0149
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -25.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0149) – 1
= 6.16%
March 6, 2024 calculations
Top border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 + 2 × s)
= Exp(a + b × 1,762 + 2 × s)
= Exp(6.2903 + -0.0008 × 1,762 + 2 × 0.0149)
= Exp(4.9214)
= $137.19
Bottom border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 – 2 × s)
= Exp(a + b × 1,762 – 2 × s)
= Exp(6.2903 + -0.0008 × 1,762 – 2 × 0.0149)
= Exp(4.8616)
= $129.23
May 6, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(6.2903 + -0.0008 × 1,823 + 2 × 0.0149)
= Exp(4.8730)
= $130.71
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(6.2903 + -0.0008 × 1,823 – 2 × 0.0149)
= Exp(4.8132)
= $123.12
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 25.16% per annum.
- GATX price at the close of May 9, 2024 was higher than the top border of the secondary price channel by $1.76 (1.35%). This indicates a possible reversal in the secondary trend direction.