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 30.73% per annum.
- DRI price at the close of July 25, 2024 was $141.90 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 19.91% per annum.
- DRI 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 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: February 1, 2024
End date: July 25, 2024
a = 6.7863
b = -0.0010
s = 0.0291
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0291) – 1
= 12.33%
February 1, 2024 calculations
Top border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(6.7863 + -0.0010 × 1,651 + 2 × 0.0291)
= Exp(5.1835)
= $178.30
Bottom border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(6.7863 + -0.0010 × 1,651 – 2 × 0.0291)
= Exp(5.0672)
= $158.73
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(6.7863 + -0.0010 × 1,826 + 2 × 0.0291)
= Exp(5.0074)
= $149.52
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.7863 + -0.0010 × 1,826 – 2 × 0.0291)
= Exp(4.8912)
= $133.11
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.73% per annum.
- DRI price at the close of July 25, 2024 was $141.90 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: July 25, 2024
a = 6.0744
b = -0.0006
s = 0.0205
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -19.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0205) – 1
= 8.56%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,720 + 2 × s)
= Exp(6.0744 + -0.0006 × 1,720 + 2 × 0.0205)
= Exp(5.0693)
= $159.07
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,720 – 2 × s)
= Exp(6.0744 + -0.0006 × 1,720 – 2 × 0.0205)
= Exp(4.9872)
= $146.53
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(6.0744 + -0.0006 × 1,826 + 2 × 0.0205)
= Exp(5.0049)
= $149.14
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.0744 + -0.0006 × 1,826 – 2 × 0.0205)
= Exp(4.9228)
= $137.38
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 19.91% per annum.
- DRI price at the close of July 25, 2024 was inside the secondary price channel.