Rogers Corporation (ROG)
Rogers Corporation designs, develops, manufactures and sells engineering materials and components worldwide. The company is headquartered in Chandler, Arizona.
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 32.60% per annum.
- ROG price at the close of July 26, 2024 was $123.15 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.17% per annum.
- ROG price at the close of July 26, 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 ROG 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: November 2, 2021
End date: July 11, 2024
a = 6.5646
b = -0.0011
s = 0.1765
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1765) – 1
= 102.63%
November 2, 2021 calculations
Top border of price channel:
Exp(Y572)
= Exp(a + b × X572 + 2 × s)
= Exp(a + b × 827 + 2 × s)
= Exp(6.5646 + -0.0011 × 827 + 2 × 0.1765)
= Exp(6.0237)
= $413.11
Bottom border of price channel:
Exp(Y572)
= Exp(a + b × X572 – 2 × s)
= Exp(a + b × 827 – 2 × s)
= Exp(6.5646 + -0.0011 × 827 – 2 × 0.1765)
= Exp(5.3175)
= $203.88
July 11, 2024 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,809 + 2 × s)
= Exp(6.5646 + -0.0011 × 1,809 + 2 × 0.1765)
= Exp(4.9622)
= $142.91
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,809 – 2 × s)
= Exp(6.5646 + -0.0011 × 1,809 – 2 × 0.1765)
= Exp(4.2560)
= $70.53
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.60% per annum.
- ROG price at the close of July 26, 2024 was $123.15 and was inside the primary price channel.
Secondary Trend
Start date: January 11, 2024
End date: July 26, 2024
a = 4.1408
b = 0.0004
s = 0.0335
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 14.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0335) – 1
= 14.34%
January 11, 2024 calculations
Top border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 + 2 × s)
= Exp(a + b × 1,627 + 2 × s)
= Exp(4.1408 + 0.0004 × 1,627 + 2 × 0.0335)
= Exp(4.7986)
= $121.34
Bottom border of price channel:
Exp(Y1,122)
= Exp(a + b × X1,122 – 2 × s)
= Exp(a + b × 1,627 – 2 × s)
= Exp(4.1408 + 0.0004 × 1,627 – 2 × 0.0335)
= Exp(4.6646)
= $106.13
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(4.1408 + 0.0004 × 1,824 + 2 × 0.0335)
= Exp(4.8701)
= $130.34
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.1408 + 0.0004 × 1,824 – 2 × 0.0335)
= Exp(4.7362)
= $114.00
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 14.17% per annum.
- ROG price at the close of July 26, 2024 was inside the secondary price channel.