Dorian LPG Ltd (LPG)
Dorian LPG Ltd., is dedicated to the transportation of liquefied petroleum gas (LPG) through its LPG tanker trucks worldwide. The company is headquartered in Stamford, Connecticut.
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 108.96% per annum.
- LPG price at the close of May 17, 2024 was $43.73 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.62% per annum.
- LPG price at the close of May 17, 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 LPG 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 14, 2021
End date: May 17, 2024
a = 0.1003
b = 0.0020
s = 0.1009
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 108.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1009) – 1
= 49.70%
September 14, 2021 calculations
Top border of price channel:
Exp(Y585)
= Exp(a + b × X585 + 2 × s)
= Exp(a + b × 848 + 2 × s)
= Exp(0.1003 + 0.0020 × 848 + 2 × 0.1009)
= Exp(2.0142)
= $7.49
Bottom border of price channel:
Exp(Y585)
= Exp(a + b × X585 – 2 × s)
= Exp(a + b × 848 – 2 × s)
= Exp(0.1003 + 0.0020 × 848 – 2 × 0.1009)
= Exp(1.6108)
= $5.01
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.1003 + 0.0020 × 1,824 + 2 × 0.1009)
= Exp(3.9848)
= $53.78
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.1003 + 0.0020 × 1,824 – 2 × 0.1009)
= Exp(3.5814)
= $35.92
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 108.96% per annum.
- LPG price at the close of May 17, 2024 was $43.73 and was inside the primary price channel.
Secondary Trend
Start date: November 2, 2023
End date: May 17, 2024
a = 3.3045
b = 0.0002
s = 0.0796
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0796) – 1
= 37.49%
November 2, 2023 calculations
Top border of price channel:
Exp(Y1,123)
= Exp(a + b × X1,123 + 2 × s)
= Exp(a + b × 1,627 + 2 × s)
= Exp(3.3045 + 0.0002 × 1,627 + 2 × 0.0796)
= Exp(3.7913)
= $44.31
Bottom border of price channel:
Exp(Y1,123)
= Exp(a + b × X1,123 – 2 × s)
= Exp(a + b × 1,627 – 2 × s)
= Exp(3.3045 + 0.0002 × 1,627 – 2 × 0.0796)
= Exp(3.4729)
= $32.23
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.3045 + 0.0002 × 1,824 + 2 × 0.0796)
= Exp(3.8309)
= $46.10
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.3045 + 0.0002 × 1,824 – 2 × 0.0796)
= Exp(3.5125)
= $33.53
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.62% per annum.
- LPG price at the close of May 17, 2024 was inside the secondary price channel.