SkyWest Inc (SKYW)
SkyWest, Inc., operates a regional airline in the United States. The company is headquartered in St. George, Utah.
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 167.17% per annum.
- SKYW price at the close of July 25, 2024 was $84.48 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 120.61% per annum.
- SKYW price at the close of July 25, 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 SKYW 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: September 20, 2022
End date: July 25, 2024
a = -0.4000
b = 0.0027
s = 0.1073
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 167.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1073) – 1
= 53.62%
September 20, 2022 calculations
Top border of price channel:
Exp(Y794)
= Exp(a + b × X794 + 2 × s)
= Exp(a + b × 1,152 + 2 × s)
= Exp(-0.4000 + 0.0027 × 1,152 + 2 × 0.1073)
= Exp(2.9163)
= $18.47
Bottom border of price channel:
Exp(Y794)
= Exp(a + b × X794 – 2 × s)
= Exp(a + b × 1,152 – 2 × s)
= Exp(-0.4000 + 0.0027 × 1,152 – 2 × 0.1073)
= Exp(2.4869)
= $12.02
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-0.4000 + 0.0027 × 1,826 + 2 × 0.1073)
= Exp(4.7309)
= $113.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.4000 + 0.0027 × 1,826 – 2 × 0.1073)
= Exp(4.3016)
= $73.82
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 167.17% per annum.
- SKYW price at the close of July 25, 2024 was $84.48 and was inside the primary price channel.
Secondary Trend
Start date: June 2, 2023
End date: July 25, 2024
a = 0.4785
b = 0.0022
s = 0.0711
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 120.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0711) – 1
= 32.91%
June 2, 2023 calculations
Top border of price channel:
Exp(Y970)
= Exp(a + b × X970 + 2 × s)
= Exp(a + b × 1,407 + 2 × s)
= Exp(0.4785 + 0.0022 × 1,407 + 2 × 0.0711)
= Exp(3.6707)
= $39.28
Bottom border of price channel:
Exp(Y970)
= Exp(a + b × X970 – 2 × s)
= Exp(a + b × 1,407 – 2 × s)
= Exp(0.4785 + 0.0022 × 1,407 – 2 × 0.0711)
= Exp(3.3862)
= $29.55
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.4785 + 0.0022 × 1,826 + 2 × 0.0711)
= Exp(4.5790)
= $97.41
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.4785 + 0.0022 × 1,826 – 2 × 0.0711)
= Exp(4.2945)
= $73.29
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 120.61% per annum.
- SKYW price at the close of July 25, 2024 was inside the secondary price channel.