Bunge Limited (BG)
Bunge Limited is a global food and agribusiness company. The company is headquartered in St. Louis, Missouri.
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 4.78% per annum.
- BG price at the close of July 25, 2024 was $112.95 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 61.23% per annum.
- BG price at the close of July 25, 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 BG 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 20, 2021
End date: July 25, 2024
a = 4.3994
b = 0.0001
s = 0.0823
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0823) – 1
= 39.00%
October 20, 2021 calculations
Top border of price channel:
Exp(Y564)
= Exp(a + b × X564 + 2 × s)
= Exp(a + b × 817 + 2 × s)
= Exp(4.3994 + 0.0001 × 817 + 2 × 0.0823)
= Exp(4.6687)
= $106.55
Bottom border of price channel:
Exp(Y564)
= Exp(a + b × X564 – 2 × s)
= Exp(a + b × 817 – 2 × s)
= Exp(4.3994 + 0.0001 × 817 – 2 × 0.0823)
= Exp(4.3393)
= $76.66
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.3994 + 0.0001 × 1,826 + 2 × 0.0823)
= Exp(4.7978)
= $121.25
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.3994 + 0.0001 × 1,826 – 2 × 0.0823)
= Exp(4.4685)
= $87.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 4.78% per annum.
- BG price at the close of July 25, 2024 was $112.95 and was inside the primary price channel.
Secondary Trend
Start date: January 19, 2024
End date: July 25, 2024
a = 2.3420
b = 0.0013
s = 0.0322
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 61.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0322) – 1
= 13.74%
January 19, 2024 calculations
Top border of price channel:
Exp(Y1,128)
= Exp(a + b × X1,128 + 2 × s)
= Exp(a + b × 1,638 + 2 × s)
= Exp(2.3420 + 0.0013 × 1,638 + 2 × 0.0322)
= Exp(4.5500)
= $94.63
Bottom border of price channel:
Exp(Y1,128)
= Exp(a + b × X1,128 – 2 × s)
= Exp(a + b × 1,638 – 2 × s)
= Exp(2.3420 + 0.0013 × 1,638 – 2 × 0.0322)
= Exp(4.4212)
= $83.20
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.3420 + 0.0013 × 1,826 + 2 × 0.0322)
= Exp(4.7960)
= $121.02
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3420 + 0.0013 × 1,826 – 2 × 0.0322)
= Exp(4.6673)
= $106.41
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 61.23% per annum.
- BG price at the close of July 25, 2024 was inside the secondary price channel.