Caleres Inc (CAL)
Caleres, Inc. is engaged in the retail and wholesale of footwear in the United States, China, Canada, China, and Guam. The company is headquartered in St. Louis, Missouri.
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 78.73% per annum.
- CAL price at the close of April 28, 2025 was $15.62 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 33.41% per annum.
- CAL price at the close of April 28, 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 CAL 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: August 12, 2024
End date: April 28, 2025
a = 10.3679
b = -0.0042
s = 0.0829
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0042) – 1
= -78.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0829) – 1
= 39.29%
August 12, 2024 calculations
Top border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 + 2 × s)
= Exp(a + b × 1,566 + 2 × s)
= Exp(10.3679 + -0.0042 × 1,566 + 2 × 0.0829)
= Exp(3.8928)
= $49.05
Bottom border of price channel:
Exp(Y1,078)
= Exp(a + b × X1,078 – 2 × s)
= Exp(a + b × 1,566 – 2 × s)
= Exp(10.3679 + -0.0042 × 1,566 – 2 × 0.0829)
= Exp(3.5614)
= $35.21
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(10.3679 + -0.0042 × 1,825 + 2 × 0.0829)
= Exp(2.7944)
= $16.35
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(10.3679 + -0.0042 × 1,825 – 2 × 0.0829)
= Exp(2.4630)
= $11.74
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 78.73% per annum.
- CAL price at the close of April 28, 2025 was $15.62 and was inside the primary price channel.
Secondary Trend
Start date: February 3, 2025
End date: April 28, 2025
a = 4.7818
b = -0.0011
s = 0.0454
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -33.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0454) – 1
= 19.90%
February 3, 2025 calculations
Top border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 + 2 × s)
= Exp(a + b × 1,741 + 2 × s)
= Exp(4.7818 + -0.0011 × 1,741 + 2 × 0.0454)
= Exp(2.9330)
= $18.78
Bottom border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 – 2 × s)
= Exp(a + b × 1,741 – 2 × s)
= Exp(4.7818 + -0.0011 × 1,741 – 2 × 0.0454)
= Exp(2.7515)
= $15.67
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.7818 + -0.0011 × 1,825 + 2 × 0.0454)
= Exp(2.8394)
= $17.11
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.7818 + -0.0011 × 1,825 – 2 × 0.0454)
= Exp(2.6579)
= $14.27
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 33.41% per annum.
- CAL price at the close of April 28, 2025 was inside the secondary price channel.