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.