IDEX Corporation (IEX)
IDEX Corporation, based in Northbrook, Illinois, is a publicly traded company engaged in the development, design, and manufacture of fluidics systems and specialty engineered products.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 48.61% per annum.
- IEX price at the close of July 26, 2024 was $206.46 and was higher than the top border of the primary price channel by $9.47 (4.81%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.30% per annum.
- IEX price at the close of July 26, 2024 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 IEX 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: March 1, 2024
End date: July 10, 2024
a = 8.5704
b = -0.0018
s = 0.0198
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -48.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0198) – 1
= 8.24%
March 1, 2024 calculations
Top border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 + 2 × s)
= Exp(a + b × 1,677 + 2 × s)
= Exp(8.5704 + -0.0018 × 1,677 + 2 × 0.0198)
= Exp(5.5512)
= $257.56
Bottom border of price channel:
Exp(Y1,156)
= Exp(a + b × X1,156 – 2 × s)
= Exp(a + b × 1,677 – 2 × s)
= Exp(8.5704 + -0.0018 × 1,677 – 2 × 0.0198)
= Exp(5.4721)
= $237.95
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(8.5704 + -0.0018 × 1,808 + 2 × 0.0198)
= Exp(5.3123)
= $202.82
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(8.5704 + -0.0018 × 1,808 – 2 × 0.0198)
= Exp(5.2331)
= $187.38
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 48.61% per annum.
- IEX price at the close of July 26, 2024 was $206.46 and was higher than the top border of the primary price channel by $9.47 (4.81%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 29, 2024
End date: July 26, 2024
a = 5.4737
b = -0.0001
s = 0.0217
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0217) – 1
= 9.05%
May 29, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,766 + 2 × s)
= Exp(5.4737 + -0.0001 × 1,766 + 2 × 0.0217)
= Exp(5.3547)
= $211.60
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,766 – 2 × s)
= Exp(5.4737 + -0.0001 × 1,766 – 2 × 0.0217)
= Exp(5.2680)
= $194.03
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.4737 + -0.0001 × 1,824 + 2 × 0.0217)
= Exp(5.3493)
= $210.47
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.4737 + -0.0001 × 1,824 – 2 × 0.0217)
= Exp(5.2627)
= $193.00
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.30% per annum.
- IEX price at the close of July 26, 2024 was inside the secondary price channel.