NewMarket Corporation (NEU)
NewMarket Corporation (NEU) is a leading player in the petroleum additives industry, specializing in the production and marketing of performance-enhancing products for fuel and lubricant applications. Based in Richmond, Virginia, the company benefits from a robust market position and a diverse customer base across various sectors, including automotive, industrial, and manufacturing. With a commitment to innovation and sustainability, NewMarket focuses on developing advanced solutions that improve product performance and environmental compliance, positioning itself for continued growth in a dynamic global market.
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 118.97% per annum.
- NEU price at the close of November 5, 2025 was $784.41 and was lower than the bottom border of the primary price channel by $63.43 (7.48%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.60% per annum.
- NEU price at the close of November 5, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 NEU 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: January 2, 2025
End date: October 8, 2025
a = 2.8909
b = 0.0021
s = 0.0335
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0021) – 1
= 118.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0335) – 1
= 14.35%
January 2, 2025 calculations
Top border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 + 2 × s)
= Exp(a + b × 1,518 + 2 × s)
= Exp(2.8909 + 0.0021 × 1,518 + 2 × 0.0335)
= Exp(6.2176)
= $501.49
Bottom border of price channel:
Exp(Y1,043)
= Exp(a + b × X1,043 – 2 × s)
= Exp(a + b × 1,518 – 2 × s)
= Exp(2.8909 + 0.0021 × 1,518 – 2 × 0.0335)
= Exp(6.0835)
= $438.54
October 8, 2025 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,797 + 2 × s)
= Exp(2.8909 + 0.0021 × 1,797 + 2 × 0.0335)
= Exp(6.8167)
= $912.95
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,797 – 2 × s)
= Exp(2.8909 + 0.0021 × 1,797 – 2 × 0.0335)
= Exp(6.6826)
= $798.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 118.97% per annum.
- NEU price at the close of November 5, 2025 was $784.41 and was lower than the bottom border of the primary price channel by $63.43 (7.48%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 26, 2025
End date: November 5, 2025
a = 9.1615
b = -0.0014
s = 0.0309
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0309) – 1
= 13.18%
August 26, 2025 calculations
Top border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,754 + 2 × s)
= Exp(9.1615 + -0.0014 × 1,754 + 2 × 0.0309)
= Exp(6.8008)
= $898.54
Bottom border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,754 – 2 × s)
= Exp(9.1615 + -0.0014 × 1,754 – 2 × 0.0309)
= Exp(6.6770)
= $793.91
November 5, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.1615 + -0.0014 × 1,825 + 2 × 0.0309)
= Exp(6.7027)
= $814.60
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.1615 + -0.0014 × 1,825 – 2 × 0.0309)
= Exp(6.5789)
= $719.75
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.60% per annum.
- NEU price at the close of November 5, 2025 was inside the secondary price channel.