PHINIA Inc. (PHIN)
PHINIA Inc. develops and manufactures gasoline and diesel fuel injection components and systems. The company is headquartered in Auburn Hills, Michigan.
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 180.49% per annum.
- PHIN price at the close of July 26, 2024 was $44.40 and was lower than the bottom border of the primary price channel by $3.09 (6.51%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 40.37% per annum.
- PHIN price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $2.19 (5.19%). This indicates a possible reversal in the secondary trend direction.
- 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 PHIN 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: October 23, 2023
End date: June 10, 2024
a = 2.8293
b = 0.0028
s = 0.0411
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 180.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0411) – 1
= 17.86%
October 23, 2023 calculations
Top border of price channel:
Exp(Y81)
= Exp(a + b × X81 + 2 × s)
= Exp(a + b × 117 + 2 × s)
= Exp(2.8293 + 0.0028 × 117 + 2 × 0.0411)
= Exp(3.2421)
= $25.59
Bottom border of price channel:
Exp(Y81)
= Exp(a + b × X81 – 2 × s)
= Exp(a + b × 117 – 2 × s)
= Exp(2.8293 + 0.0028 × 117 – 2 × 0.0411)
= Exp(3.0778)
= $21.71
June 10, 2024 calculations
Top border of price channel:
Exp(Y239)
= Exp(a + b × X239 + 2 × s)
= Exp(a + b × 348 + 2 × s)
= Exp(2.8293 + 0.0028 × 348 + 2 × 0.0411)
= Exp(3.8948)
= $49.15
Bottom border of price channel:
Exp(Y239)
= Exp(a + b × X239 – 2 × s)
= Exp(a + b × 348 – 2 × s)
= Exp(2.8293 + 0.0028 × 348 – 2 × 0.0411)
= Exp(3.7305)
= $41.70
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 180.49% per annum.
- PHIN price at the close of July 26, 2024 was $44.40 and was lower than the bottom border of the primary price channel by $3.09 (6.51%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 2, 2024
End date: July 11, 2024
a = 4.2288
b = -0.0014
s = 0.0360
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -40.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0360) – 1
= 15.47%
May 2, 2024 calculations
Top border of price channel:
Exp(Y213)
= Exp(a + b × X213 + 2 × s)
= Exp(a + b × 309 + 2 × s)
= Exp(4.2288 + -0.0014 × 309 + 2 × 0.0360)
= Exp(3.8631)
= $47.61
Bottom border of price channel:
Exp(Y213)
= Exp(a + b × X213 – 2 × s)
= Exp(a + b × 309 – 2 × s)
= Exp(4.2288 + -0.0014 × 309 – 2 × 0.0360)
= Exp(3.7192)
= $41.23
July 11, 2024 calculations
Top border of price channel:
Exp(Y260)
= Exp(a + b × X260 + 2 × s)
= Exp(a + b × 379 + 2 × s)
= Exp(4.2288 + -0.0014 × 379 + 2 × 0.0360)
= Exp(3.7639)
= $43.12
Bottom border of price channel:
Exp(Y260)
= Exp(a + b × X260 – 2 × s)
= Exp(a + b × 379 – 2 × s)
= Exp(4.2288 + -0.0014 × 379 – 2 × 0.0360)
= Exp(3.6200)
= $37.34
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 40.37% per annum.
- PHIN price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $2.19 (5.19%). This indicates a possible reversal in the secondary trend direction.