Darden Restaurants Inc (DRI)
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando.
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 60.05% per annum.
- DRI price at the close of May 9, 2024 was $146.92 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 83.16% per annum.
- DRI price at the close of May 9, 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 DRI 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 4, 2024
End date: May 9, 2024
a = 9.5821
b = -0.0025
s = 0.0177
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -60.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0177) – 1
= 7.33%
March 4, 2024 calculations
Top border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 + 2 × s)
= Exp(a + b × 1,760 + 2 × s)
= Exp(9.5821 + -0.0025 × 1,760 + 2 × 0.0177)
= Exp(5.1932)
= $180.04
Bottom border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 – 2 × s)
= Exp(a + b × 1,760 – 2 × s)
= Exp(9.5821 + -0.0025 × 1,760 – 2 × 0.0177)
= Exp(5.1224)
= $167.74
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(9.5821 + -0.0025 × 1,826 + 2 × 0.0177)
= Exp(5.0273)
= $152.52
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.5821 + -0.0025 × 1,826 – 2 × 0.0177)
= Exp(4.9565)
= $142.10
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 60.05% per annum.
- DRI price at the close of May 9, 2024 was $146.92 and was inside the primary price channel.
Secondary Trend
Start date: April 24, 2024
End date: May 9, 2024
a = 13.8960
b = -0.0049
s = 0.0096
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0049) – 1
= -83.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0096) – 1
= 3.93%
April 24, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,811 + 2 × s)
= Exp(13.8960 + -0.0049 × 1,811 + 2 × 0.0096)
= Exp(5.0758)
= $160.09
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,811 – 2 × s)
= Exp(13.8960 + -0.0049 × 1,811 – 2 × 0.0096)
= Exp(5.0372)
= $154.04
May 9, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(13.8960 + -0.0049 × 1,826 + 2 × 0.0096)
= Exp(5.0025)
= $148.79
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(13.8960 + -0.0049 × 1,826 – 2 × 0.0096)
= Exp(4.9640)
= $143.16
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 83.16% per annum.
- DRI price at the close of May 9, 2024 was inside the secondary price channel.