Vontier Corp (VNT)
Vontier Corporation is dedicated to the research and development, manufacture, sale and distribution of equipment, components, software and critical technical services for manufacturing, repair and service in the mobility infrastructure industry worldwide. The company is headquartered in Raleigh, North Carolina.
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 66.83% per annum.
- VNT price at the close of July 25, 2024 was $38.57 and was lower than the bottom border of the primary price channel by $2.86 (6.91%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 33.54% per annum.
- VNT price at the close of July 25, 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 VNT 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 6, 2022
End date: May 24, 2024
a = 1.9173
b = 0.0014
s = 0.0774
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.83%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0774) – 1
= 36.31%
September 6, 2022 calculations
Top border of price channel:
Exp(Y480)
= Exp(a + b × X480 + 2 × s)
= Exp(a + b × 711 + 2 × s)
= Exp(1.9173 + 0.0014 × 711 + 2 × 0.0774)
= Exp(3.0692)
= $21.52
Bottom border of price channel:
Exp(Y480)
= Exp(a + b × X480 – 2 × s)
= Exp(a + b × 711 – 2 × s)
= Exp(1.9173 + 0.0014 × 711 – 2 × 0.0774)
= Exp(2.7594)
= $15.79
May 24, 2024 calculations
Top border of price channel:
Exp(Y912)
= Exp(a + b × X912 + 2 × s)
= Exp(a + b × 1,337 + 2 × s)
= Exp(1.9173 + 0.0014 × 1,337 + 2 × 0.0774)
= Exp(3.9470)
= $51.78
Bottom border of price channel:
Exp(Y912)
= Exp(a + b × X912 – 2 × s)
= Exp(a + b × 1,337 – 2 × s)
= Exp(1.9173 + 0.0014 × 1,337 – 2 × 0.0774)
= Exp(3.6372)
= $37.98
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.83% per annum.
- VNT price at the close of July 25, 2024 was $38.57 and was lower than the bottom border of the primary price channel by $2.86 (6.91%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 22, 2024
End date: July 10, 2024
a = 5.1828
b = -0.0011
s = 0.0227
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -33.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0227) – 1
= 9.50%
February 22, 2024 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,245 + 2 × s)
= Exp(5.1828 + -0.0011 × 1,245 + 2 × 0.0227)
= Exp(3.8346)
= $46.28
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,245 – 2 × s)
= Exp(5.1828 + -0.0011 × 1,245 – 2 × 0.0227)
= Exp(3.7439)
= $42.26
July 10, 2024 calculations
Top border of price channel:
Exp(Y942)
= Exp(a + b × X942 + 2 × s)
= Exp(a + b × 1,384 + 2 × s)
= Exp(5.1828 + -0.0011 × 1,384 + 2 × 0.0227)
= Exp(3.6791)
= $39.61
Bottom border of price channel:
Exp(Y942)
= Exp(a + b × X942 – 2 × s)
= Exp(a + b × 1,384 – 2 × s)
= Exp(5.1828 + -0.0011 × 1,384 – 2 × 0.0227)
= Exp(3.5883)
= $36.17
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 33.54% per annum.
- VNT price at the close of July 25, 2024 was inside the secondary price channel.