Enpro Industries (NPO)
EnPro Industries, Inc. is dedicated to the design, development, manufacture, marketing and service of engineered industrial products worldwide. The company is headquartered in Charlotte, North Carolina.
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 18.37% per annum.
- NPO price at the close of July 25, 2024 was $167.18 and was higher than the top border of the primary price channel by $13.31 (8.65%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 910.66% per annum.
- NPO price at the close of July 25, 2024 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 NPO 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 22, 2024
End date: July 10, 2024
a = 5.9899
b = -0.0006
s = 0.0309
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0309) – 1
= 13.16%
January 22, 2024 calculations
Top border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 + 2 × s)
= Exp(a + b × 1,641 + 2 × s)
= Exp(5.9899 + -0.0006 × 1,641 + 2 × 0.0309)
= Exp(5.1390)
= $170.54
Bottom border of price channel:
Exp(Y1,129)
= Exp(a + b × X1,129 – 2 × s)
= Exp(a + b × 1,641 – 2 × s)
= Exp(5.9899 + -0.0006 × 1,641 – 2 × 0.0309)
= Exp(5.0153)
= $150.70
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,811 + 2 × s)
= Exp(5.9899 + -0.0006 × 1,811 + 2 × 0.0309)
= Exp(5.0444)
= $155.16
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,811 – 2 × s)
= Exp(5.9899 + -0.0006 × 1,811 – 2 × 0.0309)
= Exp(4.9208)
= $137.11
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.37% per annum.
- NPO price at the close of July 25, 2024 was $167.18 and was higher than the top border of the primary price channel by $13.31 (8.65%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 25, 2024
End date: July 25, 2024
a = -6.4463
b = 0.0063
s = 0.0314
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0063) – 1
= 910.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0314) – 1
= 13.40%
June 25, 2024 calculations
Top border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 + 2 × s)
= Exp(a + b × 1,796 + 2 × s)
= Exp(-6.4463 + 0.0063 × 1,796 + 2 × 0.0314)
= Exp(4.9988)
= $148.23
Bottom border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 – 2 × s)
= Exp(a + b × 1,796 – 2 × s)
= Exp(-6.4463 + 0.0063 × 1,796 – 2 × 0.0314)
= Exp(4.8730)
= $130.71
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-6.4463 + 0.0063 × 1,826 + 2 × 0.0314)
= Exp(5.1889)
= $179.27
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-6.4463 + 0.0063 × 1,826 – 2 × 0.0314)
= Exp(5.0631)
= $158.08
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 910.66% per annum.
- NPO price at the close of July 25, 2024 was inside the secondary price channel.