Ryder System Inc (R)
Ryder System, Inc. is a global transportation and logistics company. The company is headquartered in Miami, Florida.
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 11.03% per annum.
- R price at the close of July 26, 2024 was $132.17 and was higher than the top border of the primary price channel by $20.88 (18.76%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 32.29% per annum.
- R price at the close of July 26, 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 R 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: December 8, 2020
End date: July 25, 2023
a = 4.0257
b = 0.0003
s = 0.0818
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 11.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0818) – 1
= 38.73%
December 8, 2020 calculations
Top border of price channel:
Exp(Y345)
= Exp(a + b × X345 + 2 × s)
= Exp(a + b × 498 + 2 × s)
= Exp(4.0257 + 0.0003 × 498 + 2 × 0.0818)
= Exp(4.3321)
= $76.10
Bottom border of price channel:
Exp(Y345)
= Exp(a + b × X345 – 2 × s)
= Exp(a + b × 498 – 2 × s)
= Exp(4.0257 + 0.0003 × 498 – 2 × 0.0818)
= Exp(4.0047)
= $54.86
July 25, 2023 calculations
Top border of price channel:
Exp(Y1,004)
= Exp(a + b × X1,004 + 2 × s)
= Exp(a + b × 1,457 + 2 × s)
= Exp(4.0257 + 0.0003 × 1,457 + 2 × 0.0818)
= Exp(4.6070)
= $100.18
Bottom border of price channel:
Exp(Y1,004)
= Exp(a + b × X1,004 – 2 × s)
= Exp(a + b × 1,457 – 2 × s)
= Exp(4.0257 + 0.0003 × 1,457 – 2 × 0.0818)
= Exp(4.2796)
= $72.21
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 11.03% per annum.
- R price at the close of July 26, 2024 was $132.17 and was higher than the top border of the primary price channel by $20.88 (18.76%).
Secondary Trend
Start date: April 1, 2022
End date: July 26, 2024
a = 3.4335
b = 0.0008
s = 0.0680
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0680) – 1
= 31.26%
April 1, 2022 calculations
Top border of price channel:
Exp(Y676)
= Exp(a + b × X676 + 2 × s)
= Exp(a + b × 977 + 2 × s)
= Exp(3.4335 + 0.0008 × 977 + 2 × 0.0680)
= Exp(4.3184)
= $75.07
Bottom border of price channel:
Exp(Y676)
= Exp(a + b × X676 – 2 × s)
= Exp(a + b × 977 – 2 × s)
= Exp(3.4335 + 0.0008 × 977 – 2 × 0.0680)
= Exp(4.0464)
= $57.19
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.4335 + 0.0008 × 1,824 + 2 × 0.0680)
= Exp(4.9678)
= $143.71
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.4335 + 0.0008 × 1,824 – 2 × 0.0680)
= Exp(4.6958)
= $109.48
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 32.29% per annum.
- R price at the close of July 26, 2024 was inside the secondary price channel.