Capri Holdings Ltd (CPRI)
Capri Holdings Limited designs, markets, distributes and retails branded men's and women's clothing, footwear and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa and Asia. The company is headquartered in London, the United Kingdom.
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 10.42% per annum.
- CPRI price at the close of July 26, 2024 was $33.75 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.19% per annum.
- CPRI price at the close of July 26, 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 CPRI 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: March 8, 2021
End date: July 26, 2024
a = 4.2450
b = -0.0003
s = 0.1434
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1434) – 1
= 77.49%
March 8, 2021 calculations
Top border of price channel:
Exp(Y405)
= Exp(a + b × X405 + 2 × s)
= Exp(a + b × 588 + 2 × s)
= Exp(4.2450 + -0.0003 × 588 + 2 × 0.1434)
= Exp(4.3546)
= $77.83
Bottom border of price channel:
Exp(Y405)
= Exp(a + b × X405 – 2 × s)
= Exp(a + b × 588 – 2 × s)
= Exp(4.2450 + -0.0003 × 588 – 2 × 0.1434)
= Exp(3.7808)
= $43.85
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.2450 + -0.0003 × 1,824 + 2 × 0.1434)
= Exp(3.9819)
= $53.62
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.2450 + -0.0003 × 1,824 – 2 × 0.1434)
= Exp(3.4081)
= $30.21
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 10.42% per annum.
- CPRI price at the close of July 26, 2024 was $33.75 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2023
End date: July 26, 2024
a = 7.9182
b = -0.0025
s = 0.0538
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0538) – 1
= 24.01%
December 19, 2023 calculations
Top border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 + 2 × s)
= Exp(a + b × 1,604 + 2 × s)
= Exp(7.9182 + -0.0025 × 1,604 + 2 × 0.0538)
= Exp(4.0873)
= $59.58
Bottom border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 – 2 × s)
= Exp(a + b × 1,604 – 2 × s)
= Exp(7.9182 + -0.0025 × 1,604 – 2 × 0.0538)
= Exp(3.8721)
= $48.04
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(7.9182 + -0.0025 × 1,824 + 2 × 0.0538)
= Exp(3.5471)
= $34.71
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(7.9182 + -0.0025 × 1,824 – 2 × 0.0538)
= Exp(3.3319)
= $27.99
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.19% per annum.
- CPRI price at the close of July 26, 2024 was inside the secondary price channel.