Republic Services Inc (RSG)
Republic Services, Inc is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States, as measured by revenue.
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 37.53% per annum.
- RSG price at the close of July 26, 2024 was $190.30 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.73% per annum.
- RSG 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 RSG 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 3, 2023
End date: July 24, 2024
a = 3.7037
b = 0.0009
s = 0.0349
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0349) – 1
= 14.96%
January 3, 2023 calculations
Top border of price channel:
Exp(Y865)
= Exp(a + b × X865 + 2 × s)
= Exp(a + b × 1,254 + 2 × s)
= Exp(3.7037 + 0.0009 × 1,254 + 2 × 0.0349)
= Exp(4.8682)
= $130.09
Bottom border of price channel:
Exp(Y865)
= Exp(a + b × X865 – 2 × s)
= Exp(a + b × 1,254 – 2 × s)
= Exp(3.7037 + 0.0009 × 1,254 – 2 × 0.0349)
= Exp(4.7288)
= $113.16
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(3.7037 + 0.0009 × 1,822 + 2 × 0.0349)
= Exp(5.3641)
= $213.59
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(3.7037 + 0.0009 × 1,822 – 2 × 0.0349)
= Exp(5.2247)
= $185.80
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.53% per annum.
- RSG price at the close of July 26, 2024 was $190.30 and was inside the primary price channel.
Secondary Trend
Start date: February 15, 2024
End date: July 26, 2024
a = 4.4608
b = 0.0004
s = 0.0202
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 17.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0202) – 1
= 8.43%
February 15, 2024 calculations
Top border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 + 2 × s)
= Exp(a + b × 1,662 + 2 × s)
= Exp(4.4608 + 0.0004 × 1,662 + 2 × 0.0202)
= Exp(5.2446)
= $189.55
Bottom border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 – 2 × s)
= Exp(a + b × 1,662 – 2 × s)
= Exp(4.4608 + 0.0004 × 1,662 – 2 × 0.0202)
= Exp(5.1637)
= $174.81
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(4.4608 + 0.0004 × 1,824 + 2 × 0.0202)
= Exp(5.3171)
= $203.79
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.4608 + 0.0004 × 1,824 – 2 × 0.0202)
= Exp(5.2362)
= $187.95
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 17.73% per annum.
- RSG price at the close of July 26, 2024 was inside the secondary price channel.