Terex Corporation (TEX)
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. The company is headquartered in Norwalk, Connecticut.
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 36.00% per annum.
- TEX price at the close of April 28, 2025 was $35.78 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 75.37% per annum.
- TEX price at the close of April 28, 2025 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 TEX 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: March 19, 2024
End date: April 28, 2025
a = 5.9089
b = -0.0012
s = 0.0750
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -36.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0750) – 1
= 35.00%
March 19, 2024 calculations
Top border of price channel:
Exp(Y978)
= Exp(a + b × X978 + 2 × s)
= Exp(a + b × 1,420 + 2 × s)
= Exp(5.9089 + -0.0012 × 1,420 + 2 × 0.0750)
= Exp(4.3229)
= $75.40
Bottom border of price channel:
Exp(Y978)
= Exp(a + b × X978 – 2 × s)
= Exp(a + b × 1,420 – 2 × s)
= Exp(5.9089 + -0.0012 × 1,420 – 2 × 0.0750)
= Exp(4.0228)
= $55.85
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.9089 + -0.0012 × 1,825 + 2 × 0.0750)
= Exp(3.8277)
= $45.96
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.9089 + -0.0012 × 1,825 – 2 × 0.0750)
= Exp(3.5276)
= $34.04
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 36.00% per annum.
- TEX price at the close of April 28, 2025 was $35.78 and was inside the primary price channel.
Secondary Trend
Start date: January 16, 2025
End date: April 28, 2025
a = 10.5186
b = -0.0038
s = 0.0421
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0038) – 1
= -75.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0421) – 1
= 18.32%
January 16, 2025 calculations
Top border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 + 2 × s)
= Exp(a + b × 1,723 + 2 × s)
= Exp(10.5186 + -0.0038 × 1,723 + 2 × 0.0421)
= Exp(3.9880)
= $53.95
Bottom border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 – 2 × s)
= Exp(a + b × 1,723 – 2 × s)
= Exp(10.5186 + -0.0038 × 1,723 – 2 × 0.0421)
= Exp(3.8197)
= $45.59
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(10.5186 + -0.0038 × 1,825 + 2 × 0.0421)
= Exp(3.5964)
= $36.47
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(10.5186 + -0.0038 × 1,825 – 2 × 0.0421)
= Exp(3.4281)
= $30.82
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 75.37% per annum.
- TEX price at the close of April 28, 2025 was inside the secondary price channel.