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 78.21% per annum.
- WS price at the close of April 24, 2025 was $25.75 and was higher than the top border of the primary price channel by $0.41 (1.62%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.14% per annum.
- WS price at the close of April 24, 2025 was higher than the top border of the secondary price channel by $0.40 (1.57%). This indicates a possible reversal in the secondary trend direction.
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 22, 2025
a = 5.2231
b = -0.0042
s = 0.0752
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0042) – 1
= -78.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0752) – 1
= 35.11%
November 6, 2024 calculations
Top border of price channel:
Exp(Y237)
= Exp(a + b × X237 + 2 × s)
= Exp(a + b × 344 + 2 × s)
= Exp(5.2231 + -0.0042 × 344 + 2 × 0.0752)
= Exp(3.9377)
= $51.30
Bottom border of price channel:
Exp(Y237)
= Exp(a + b × X237 – 2 × s)
= Exp(a + b × 344 – 2 × s)
= Exp(5.2231 + -0.0042 × 344 – 2 × 0.0752)
= Exp(3.6368)
= $37.97
April 22, 2025 calculations
Top border of price channel:
Exp(Y349)
= Exp(a + b × X349 + 2 × s)
= Exp(a + b × 511 + 2 × s)
= Exp(5.2231 + -0.0042 × 511 + 2 × 0.0752)
= Exp(3.2407)
= $25.55
Bottom border of price channel:
Exp(Y349)
= Exp(a + b × X349 – 2 × s)
= Exp(a + b × 511 – 2 × s)
= Exp(5.2231 + -0.0042 × 511 – 2 × 0.0752)
= Exp(2.9397)
= $18.91
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 78.21% per annum.
- WS price at the close of April 24, 2025 was $25.75 and was higher than the top border of the primary price channel by $0.41 (1.62%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 19, 2024
End date: April 24, 2025
a = 4.4235
b = -0.0025
s = 0.0337
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0337) – 1
= 14.42%
December 19, 2024 calculations
Top border of price channel:
Exp(Y267)
= Exp(a + b × X267 + 2 × s)
= Exp(a + b × 387 + 2 × s)
= Exp(4.4235 + -0.0025 × 387 + 2 × 0.0337)
= Exp(3.5418)
= $34.53
Bottom border of price channel:
Exp(Y267)
= Exp(a + b × X267 – 2 × s)
= Exp(a + b × 387 – 2 × s)
= Exp(4.4235 + -0.0025 × 387 – 2 × 0.0337)
= Exp(3.4072)
= $30.18
April 24, 2025 calculations
Top border of price channel:
Exp(Y351)
= Exp(a + b × X351 + 2 × s)
= Exp(a + b × 513 + 2 × s)
= Exp(4.4235 + -0.0025 × 513 + 2 × 0.0337)
= Exp(3.2329)
= $25.35
Bottom border of price channel:
Exp(Y351)
= Exp(a + b × X351 – 2 × s)
= Exp(a + b × 513 – 2 × s)
= Exp(4.4235 + -0.0025 × 513 – 2 × 0.0337)
= Exp(3.0982)
= $22.16
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.14% per annum.
- WS price at the close of April 24, 2025 was higher than the top border of the secondary price channel by $0.40 (1.57%). This indicates a possible reversal in the secondary trend direction.