John Bean Technologies Corporation (JBT)
John Bean Technologies Corporation provides technology solutions for the food and beverage industry and equipment and services for the air transportation industries. The company is headquartered in Chicago, Illinois.
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 235.96% per annum.
- JBT price at the close of January 2, 2025 was $125.32 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 87.21% per annum.
- JBT price at the close of January 2, 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 JBT 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: August 12, 2024
End date: December 31, 2024
a = -0.7693
b = 0.0033
s = 0.0430
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 235.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0430) – 1
= 18.79%
August 12, 2024 calculations
Top border of price channel:
Exp(Y1,077)
= Exp(a + b × X1,077 + 2 × s)
= Exp(a + b × 1,565 + 2 × s)
= Exp(-0.7693 + 0.0033 × 1,565 + 2 × 0.0430)
= Exp(4.5126)
= $91.16
Bottom border of price channel:
Exp(Y1,077)
= Exp(a + b × X1,077 – 2 × s)
= Exp(a + b × 1,565 – 2 × s)
= Exp(-0.7693 + 0.0033 × 1,565 – 2 × 0.0430)
= Exp(4.3404)
= $76.74
December 31, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,706 + 2 × s)
= Exp(-0.7693 + 0.0033 × 1,706 + 2 × 0.0430)
= Exp(4.9807)
= $145.58
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,706 – 2 × s)
= Exp(-0.7693 + 0.0033 × 1,706 – 2 × 0.0430)
= Exp(4.8086)
= $122.56
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 235.96% per annum.
- JBT price at the close of January 2, 2025 was $125.32 and was inside the primary price channel.
Secondary Trend
Start date: October 23, 2024
End date: January 2, 2025
a = 1.9250
b = 0.0017
s = 0.0194
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 87.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0194) – 1
= 8.08%
October 23, 2024 calculations
Top border of price channel:
Exp(Y1,128)
= Exp(a + b × X1,128 + 2 × s)
= Exp(a + b × 1,637 + 2 × s)
= Exp(1.9250 + 0.0017 × 1,637 + 2 × 0.0194)
= Exp(4.7761)
= $118.64
Bottom border of price channel:
Exp(Y1,128)
= Exp(a + b × X1,128 – 2 × s)
= Exp(a + b × 1,637 – 2 × s)
= Exp(1.9250 + 0.0017 × 1,637 – 2 × 0.0194)
= Exp(4.6984)
= $109.77
January 2, 2025 calculations
Top border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 + 2 × s)
= Exp(a + b × 1,708 + 2 × s)
= Exp(1.9250 + 0.0017 × 1,708 + 2 × 0.0194)
= Exp(4.8981)
= $134.03
Bottom border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 – 2 × s)
= Exp(a + b × 1,708 – 2 × s)
= Exp(1.9250 + 0.0017 × 1,708 – 2 × 0.0194)
= Exp(4.8204)
= $124.01
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 87.21% per annum.
- JBT price at the close of January 2, 2025 was inside the secondary price channel.