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 68.86% per annum.
- VNT price at the close of May 17, 2024 was $39.77 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 54.58% per annum.
- VNT price at the close of May 17, 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 15, 2022
End date: May 17, 2024
a = 1.8828
b = 0.0014
s = 0.0756
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0756) – 1
= 35.31%
September 15, 2022 calculations
Top border of price channel:
Exp(Y487)
= Exp(a + b × X487 + 2 × s)
= Exp(a + b × 720 + 2 × s)
= Exp(1.8828 + 0.0014 × 720 + 2 × 0.0756)
= Exp(3.0675)
= $21.49
Bottom border of price channel:
Exp(Y487)
= Exp(a + b × X487 – 2 × s)
= Exp(a + b × 720 – 2 × s)
= Exp(1.8828 + 0.0014 × 720 – 2 × 0.0756)
= Exp(2.7651)
= $15.88
May 17, 2024 calculations
Top border of price channel:
Exp(Y907)
= Exp(a + b × X907 + 2 × s)
= Exp(a + b × 1,330 + 2 × s)
= Exp(1.8828 + 0.0014 × 1,330 + 2 × 0.0756)
= Exp(3.9430)
= $51.58
Bottom border of price channel:
Exp(Y907)
= Exp(a + b × X907 – 2 × s)
= Exp(a + b × 1,330 – 2 × s)
= Exp(1.8828 + 0.0014 × 1,330 – 2 × 0.0756)
= Exp(3.6406)
= $38.12
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 68.86% per annum.
- VNT price at the close of May 17, 2024 was $39.77 and was inside the primary price channel.
Secondary Trend
Start date: March 19, 2024
End date: May 17, 2024
a = 6.5469
b = -0.0022
s = 0.0215
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -54.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0215) – 1
= 8.99%
March 19, 2024 calculations
Top border of price channel:
Exp(Y865)
= Exp(a + b × X865 + 2 × s)
= Exp(a + b × 1,271 + 2 × s)
= Exp(6.5469 + -0.0022 × 1,271 + 2 × 0.0215)
= Exp(3.8419)
= $46.62
Bottom border of price channel:
Exp(Y865)
= Exp(a + b × X865 – 2 × s)
= Exp(a + b × 1,271 – 2 × s)
= Exp(6.5469 + -0.0022 × 1,271 – 2 × 0.0215)
= Exp(3.7558)
= $42.77
May 17, 2024 calculations
Top border of price channel:
Exp(Y907)
= Exp(a + b × X907 + 2 × s)
= Exp(a + b × 1,330 + 2 × s)
= Exp(6.5469 + -0.0022 × 1,330 + 2 × 0.0215)
= Exp(3.7144)
= $41.03
Bottom border of price channel:
Exp(Y907)
= Exp(a + b × X907 – 2 × s)
= Exp(a + b × 1,330 – 2 × s)
= Exp(6.5469 + -0.0022 × 1,330 – 2 × 0.0215)
= Exp(3.6283)
= $37.65
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 54.58% per annum.
- VNT price at the close of May 17, 2024 was inside the secondary price channel.