Wyndham Hotels & Resorts Inc (WH)
Wyndham Hotels & Resorts, Inc. is a global hotel franchisor. The company is headquartered in Parsippany, New Jersey.
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 0.36% per annum.
- WH price at the close of May 13, 2024 was $70.81 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.57% per annum.
- WH price at the close of May 13, 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 WH 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 30, 2021
End date: May 13, 2024
a = 4.2729
b = 0.0000
s = 0.0822
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0822) – 1
= 38.95%
March 30, 2021 calculations
Top border of price channel:
Exp(Y473)
= Exp(a + b × X473 + 2 × s)
= Exp(a + b × 686 + 2 × s)
= Exp(4.2729 + 0.0000 × 686 + 2 × 0.0822)
= Exp(4.4440)
= $85.12
Bottom border of price channel:
Exp(Y473)
= Exp(a + b × X473 – 2 × s)
= Exp(a + b × 686 – 2 × s)
= Exp(4.2729 + 0.0000 × 686 – 2 × 0.0822)
= Exp(4.1151)
= $61.26
May 13, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.2729 + 0.0000 × 1,826 + 2 × 0.0822)
= Exp(4.4552)
= $86.07
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.2729 + 0.0000 × 1,826 – 2 × 0.0822)
= Exp(4.1262)
= $61.94
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.36% per annum.
- WH price at the close of May 13, 2024 was $70.81 and was inside the primary price channel.
Secondary Trend
Start date: June 16, 2022
End date: May 13, 2024
a = 3.8924
b = 0.0003
s = 0.0529
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 9.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0529) – 1
= 23.59%
June 16, 2022 calculations
Top border of price channel:
Exp(Y780)
= Exp(a + b × X780 + 2 × s)
= Exp(a + b × 1,129 + 2 × s)
= Exp(3.8924 + 0.0003 × 1,129 + 2 × 0.0529)
= Exp(4.2809)
= $72.31
Bottom border of price channel:
Exp(Y780)
= Exp(a + b × X780 – 2 × s)
= Exp(a + b × 1,129 – 2 × s)
= Exp(3.8924 + 0.0003 × 1,129 – 2 × 0.0529)
= Exp(4.0691)
= $58.51
May 13, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.8924 + 0.0003 × 1,826 + 2 × 0.0529)
= Exp(4.4554)
= $86.09
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.8924 + 0.0003 × 1,826 – 2 × 0.0529)
= Exp(4.2436)
= $69.66
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.57% per annum.
- WH price at the close of May 13, 2024 was inside the secondary price channel.