World Kinect Corporation (WKC)
World Kinect Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries globally.
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 48.77% per annum.
- WKC price at the close of July 26, 2024 was $26.85 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.45% per annum.
- WKC price at the close of July 26, 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 WKC 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: October 12, 2023
End date: July 26, 2024
a = 1.3204
b = 0.0011
s = 0.0428
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 48.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0428) – 1
= 18.65%
October 12, 2023 calculations
Top border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 + 2 × s)
= Exp(a + b × 1,536 + 2 × s)
= Exp(1.3204 + 0.0011 × 1,536 + 2 × 0.0428)
= Exp(3.0775)
= $21.70
Bottom border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 – 2 × s)
= Exp(a + b × 1,536 – 2 × s)
= Exp(1.3204 + 0.0011 × 1,536 – 2 × 0.0428)
= Exp(2.9065)
= $18.29
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.3204 + 0.0011 × 1,824 + 2 × 0.0428)
= Exp(3.3909)
= $29.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.3204 + 0.0011 × 1,824 – 2 × 0.0428)
= Exp(3.2199)
= $25.03
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 48.77% per annum.
- WKC price at the close of July 26, 2024 was $26.85 and was inside the primary price channel.
Secondary Trend
Start date: February 15, 2024
End date: July 26, 2024
a = 2.4160
b = 0.0005
s = 0.0328
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0328) – 1
= 14.03%
February 15, 2024 calculations
Top border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 + 2 × s)
= Exp(a + b × 1,662 + 2 × s)
= Exp(2.4160 + 0.0005 × 1,662 + 2 × 0.0328)
= Exp(3.2528)
= $25.86
Bottom border of price channel:
Exp(Y1,146)
= Exp(a + b × X1,146 – 2 × s)
= Exp(a + b × 1,662 – 2 × s)
= Exp(2.4160 + 0.0005 × 1,662 – 2 × 0.0328)
= Exp(3.1215)
= $22.68
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.4160 + 0.0005 × 1,824 + 2 × 0.0328)
= Exp(3.3279)
= $27.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.4160 + 0.0005 × 1,824 – 2 × 0.0328)
= Exp(3.1967)
= $24.45
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.45% per annum.
- WKC price at the close of July 26, 2024 was inside the secondary price channel.