Stock Price Trends

Hertz Global Holdings Inc (HTZ)

Hertz Global Holdings, Inc. is a car rental company. The company is headquartered in Estero, Florida.

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 23.96% per annum.
  • HTZ price at the close of April 29, 2025 was $7.35 and was higher than the top border of the primary price channel by $2.13 (40.85%).
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 569,107.07% per annum.
  • HTZ price at the close of April 29, 2025 was inside the secondary price channel.

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 HTZ 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: June 6, 2024
End date: April 16, 2025

a = 0.5789

b = 0.0006

s = 0.1253

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.96%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1253) – 1
= 65.09%

June 6, 2024 calculations

Top border of price channel:

Exp(Y737)
= Exp(a + b × X737 + 2 × s)
= Exp(a + b × 1,071 + 2 × s)
= Exp(0.5789 + 0.0006 × 1,071 + 2 × 0.1253)
= Exp(1.4598)
= $4.30

Bottom border of price channel:

Exp(Y737)
= Exp(a + b × X737 – 2 × s)
= Exp(a + b × 1,071 – 2 × s)
= Exp(0.5789 + 0.0006 × 1,071 – 2 × 0.1253)
= Exp(0.9584)
= $2.61

April 16, 2025 calculations

Top border of price channel:

Exp(Y952)
= Exp(a + b × X952 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(0.5789 + 0.0006 × 1,385 + 2 × 0.1253)
= Exp(1.6445)
= $5.18

Bottom border of price channel:

Exp(Y952)
= Exp(a + b × X952 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(0.5789 + 0.0006 × 1,385 – 2 × 0.1253)
= Exp(1.1432)
= $3.14

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 23.96% per annum.
  • HTZ price at the close of April 29, 2025 was $7.35 and was higher than the top border of the primary price channel by $2.13 (40.85%).

Secondary Trend

Start date: March 18, 2025
End date: April 29, 2025

a = -31.0558

b = 0.0237

s = 0.1930

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0237) – 1
= 569,107.07%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.1930) – 1
= 116.41%

March 18, 2025 calculations

Top border of price channel:

Exp(Y931)
= Exp(a + b × X931 + 2 × s)
= Exp(a + b × 1,356 + 2 × s)
= Exp(-31.0558 + 0.0237 × 1,356 + 2 × 0.1930)
= Exp(1.4538)
= $4.28

Bottom border of price channel:

Exp(Y931)
= Exp(a + b × X931 – 2 × s)
= Exp(a + b × 1,356 – 2 × s)
= Exp(-31.0558 + 0.0237 × 1,356 – 2 × 0.1930)
= Exp(0.6818)
= $1.98

April 29, 2025 calculations

Top border of price channel:

Exp(Y960)
= Exp(a + b × X960 + 2 × s)
= Exp(a + b × 1,398 + 2 × s)
= Exp(-31.0558 + 0.0237 × 1,398 + 2 × 0.1930)
= Exp(2.4488)
= $11.57

Bottom border of price channel:

Exp(Y960)
= Exp(a + b × X960 – 2 × s)
= Exp(a + b × 1,398 – 2 × s)
= Exp(-31.0558 + 0.0237 × 1,398 – 2 × 0.1930)
= Exp(1.6768)
= $5.35

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 569,107.07% per annum.
  • HTZ price at the close of April 29, 2025 was inside the secondary price channel.