Worthington Steel Inc (WS)
Worthington Steel, Inc. is a steel processor in North America. The company is headquartered in Columbus, Ohio.
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 80.16% per annum.
- WS price at the close of April 1, 2025 was $25.38 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 57.06% per annum.
- WS price at the close of April 1, 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 WS 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: November 6, 2024
End date: April 1, 2025
a = 5.3252
b = -0.0044
s = 0.0764
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0044) – 1
= -80.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0764) – 1
= 35.76%
November 6, 2024 calculations
Top border of price channel:
Exp(Y237)
= Exp(a + b × X237 + 2 × s)
= Exp(a + b × 344 + 2 × s)
= Exp(5.3252 + -0.0044 × 344 + 2 × 0.0764)
= Exp(3.9535)
= $52.12
Bottom border of price channel:
Exp(Y237)
= Exp(a + b × X237 – 2 × s)
= Exp(a + b × 344 – 2 × s)
= Exp(5.3252 + -0.0044 × 344 – 2 × 0.0764)
= Exp(3.6478)
= $38.39
April 1, 2025 calculations
Top border of price channel:
Exp(Y335)
= Exp(a + b × X335 + 2 × s)
= Exp(a + b × 490 + 2 × s)
= Exp(5.3252 + -0.0044 × 490 + 2 × 0.0764)
= Exp(3.3065)
= $27.29
Bottom border of price channel:
Exp(Y335)
= Exp(a + b × X335 – 2 × s)
= Exp(a + b × 490 – 2 × s)
= Exp(5.3252 + -0.0044 × 490 – 2 × 0.0764)
= Exp(3.0008)
= $20.10
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 80.16% per annum.
- WS price at the close of April 1, 2025 was $25.38 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2024
End date: April 1, 2025
a = 4.3663
b = -0.0023
s = 0.0293
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0023) – 1
= -57.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0293) – 1
= 12.42%
December 19, 2024 calculations
Top border of price channel:
Exp(Y267)
= Exp(a + b × X267 + 2 × s)
= Exp(a + b × 387 + 2 × s)
= Exp(4.3663 + -0.0023 × 387 + 2 × 0.0293)
= Exp(3.5285)
= $34.07
Bottom border of price channel:
Exp(Y267)
= Exp(a + b × X267 – 2 × s)
= Exp(a + b × 387 – 2 × s)
= Exp(4.3663 + -0.0023 × 387 – 2 × 0.0293)
= Exp(3.4115)
= $30.31
April 1, 2025 calculations
Top border of price channel:
Exp(Y335)
= Exp(a + b × X335 + 2 × s)
= Exp(a + b × 490 + 2 × s)
= Exp(4.3663 + -0.0023 × 490 + 2 × 0.0293)
= Exp(3.2900)
= $26.84
Bottom border of price channel:
Exp(Y335)
= Exp(a + b × X335 – 2 × s)
= Exp(a + b × 490 – 2 × s)
= Exp(4.3663 + -0.0023 × 490 – 2 × 0.0293)
= Exp(3.1729)
= $23.88
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 57.06% per annum.
- WS price at the close of April 1, 2025 was inside the secondary price channel.