Watts Water Technologies Inc (WTS)
Watts Water Technologies, Inc. designs, manufactures and sells products and systems that manage and conserve the flow of fluids and energy to, through and from buildings in the commercial and residential markets of the Americas, Europe, Asia-Pacific, the Middle East and Africa. . The company is headquartered in North Andover, Massachusetts.
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 3.90% per annum.
- WTS price at the close of May 12, 2025 was $245.88 and was higher than the top border of the primary price channel by $19.44 (8.59%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 431.56% per annum.
- WTS price at the close of May 12, 2025 was higher than the top border of the secondary price channel by $16.23 (7.07%).
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 WTS 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 10, 2023
End date: May 7, 2025
a = 5.1406
b = 0.0001
s = 0.0453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0453) – 1
= 19.87%
November 10, 2023 calculations
Top border of price channel:
Exp(Y881)
= Exp(a + b × X881 + 2 × s)
= Exp(a + b × 1,276 + 2 × s)
= Exp(5.1406 + 0.0001 × 1,276 + 2 × 0.0453)
= Exp(5.3649)
= $213.78
Bottom border of price channel:
Exp(Y881)
= Exp(a + b × X881 – 2 × s)
= Exp(a + b × 1,276 – 2 × s)
= Exp(5.1406 + 0.0001 × 1,276 – 2 × 0.0453)
= Exp(5.1837)
= $178.35
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(5.1406 + 0.0001 × 1,820 + 2 × 0.0453)
= Exp(5.4220)
= $226.32
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(5.1406 + 0.0001 × 1,820 – 2 × 0.0453)
= Exp(5.2407)
= $188.81
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 3.90% per annum.
- WTS price at the close of May 12, 2025 was $245.88 and was higher than the top border of the primary price channel by $19.44 (8.59%).
Secondary Trend
Start date: April 4, 2025
End date: May 7, 2025
a = -2.9560
b = 0.0046
s = 0.0196
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0046) – 1
= 431.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0196) – 1
= 8.17%
April 4, 2025 calculations
Top border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 + 2 × s)
= Exp(a + b × 1,787 + 2 × s)
= Exp(-2.9560 + 0.0046 × 1,787 + 2 × 0.0196)
= Exp(5.2626)
= $192.99
Bottom border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 – 2 × s)
= Exp(a + b × 1,787 – 2 × s)
= Exp(-2.9560 + 0.0046 × 1,787 – 2 × 0.0196)
= Exp(5.1840)
= $178.40
May 7, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(-2.9560 + 0.0046 × 1,820 + 2 × 0.0196)
= Exp(5.4137)
= $224.45
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(-2.9560 + 0.0046 × 1,820 – 2 × 0.0196)
= Exp(5.3351)
= $207.49
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 431.56% per annum.
- WTS price at the close of May 12, 2025 was higher than the top border of the secondary price channel by $16.23 (7.07%).