RXO Inc. (RXO)
None
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 2,174.56% per annum.
- RXO price at the close of July 26, 2024 was $31.16 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 965.61% per annum.
- RXO 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 RXO 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: May 28, 2024
End date: July 26, 2024
a = -2.0207
b = 0.0086
s = 0.0521
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0086) – 1
= 2,174.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0521) – 1
= 23.17%
May 28, 2024 calculations
Top border of price channel:
Exp(Y396)
= Exp(a + b × X396 + 2 × s)
= Exp(a + b × 579 + 2 × s)
= Exp(-2.0207 + 0.0086 × 579 + 2 × 0.0521)
= Exp(3.0397)
= $20.90
Bottom border of price channel:
Exp(Y396)
= Exp(a + b × X396 – 2 × s)
= Exp(a + b × 579 – 2 × s)
= Exp(-2.0207 + 0.0086 × 579 – 2 × 0.0521)
= Exp(2.8312)
= $16.97
July 26, 2024 calculations
Top border of price channel:
Exp(Y437)
= Exp(a + b × X437 + 2 × s)
= Exp(a + b × 638 + 2 × s)
= Exp(-2.0207 + 0.0086 × 638 + 2 × 0.0521)
= Exp(3.5447)
= $34.63
Bottom border of price channel:
Exp(Y437)
= Exp(a + b × X437 – 2 × s)
= Exp(a + b × 638 – 2 × s)
= Exp(-2.0207 + 0.0086 × 638 – 2 × 0.0521)
= Exp(3.3363)
= $28.11
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 2,174.56% per annum.
- RXO price at the close of July 26, 2024 was $31.16 and was inside the primary price channel.
Secondary Trend
Start date: June 24, 2024
End date: July 26, 2024
a = -0.7110
b = 0.0065
s = 0.0241
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0065) – 1
= 965.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0241) – 1
= 10.13%
June 24, 2024 calculations
Top border of price channel:
Exp(Y414)
= Exp(a + b × X414 + 2 × s)
= Exp(a + b × 606 + 2 × s)
= Exp(-0.7110 + 0.0065 × 606 + 2 × 0.0241)
= Exp(3.2657)
= $26.20
Bottom border of price channel:
Exp(Y414)
= Exp(a + b × X414 – 2 × s)
= Exp(a + b × 606 – 2 × s)
= Exp(-0.7110 + 0.0065 × 606 – 2 × 0.0241)
= Exp(3.1692)
= $23.79
July 26, 2024 calculations
Top border of price channel:
Exp(Y437)
= Exp(a + b × X437 + 2 × s)
= Exp(a + b × 638 + 2 × s)
= Exp(-0.7110 + 0.0065 × 638 + 2 × 0.0241)
= Exp(3.4731)
= $32.24
Bottom border of price channel:
Exp(Y437)
= Exp(a + b × X437 – 2 × s)
= Exp(a + b × 638 – 2 × s)
= Exp(-0.7110 + 0.0065 × 638 – 2 × 0.0241)
= Exp(3.3766)
= $29.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 965.61% per annum.
- RXO price at the close of July 26, 2024 was inside the secondary price channel.