FedEx Corporation (FDX)
FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational delivery services company headquartered in Memphis, Tennessee.
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 40.08% per annum.
- FDX price at the close of April 29, 2025 was $209.85 and was lower than the bottom border of the primary price channel by $11.86 (5.35%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.38% per annum.
- FDX price at the close of April 29, 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 FDX 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: November 11, 2024
End date: April 2, 2025
a = 8.0094
b = -0.0014
s = 0.0238
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -40.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0238) – 1
= 9.98%
November 11, 2024 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,656 + 2 × s)
= Exp(8.0094 + -0.0014 × 1,656 + 2 × 0.0238)
= Exp(5.7336)
= $309.08
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,656 – 2 × s)
= Exp(8.0094 + -0.0014 × 1,656 – 2 × 0.0238)
= Exp(5.6385)
= $281.03
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(8.0094 + -0.0014 × 1,798 + 2 × 0.0238)
= Exp(5.5344)
= $253.25
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(8.0094 + -0.0014 × 1,798 – 2 × 0.0238)
= Exp(5.4392)
= $230.27
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 40.08% per annum.
- FDX price at the close of April 29, 2025 was $209.85 and was lower than the bottom border of the primary price channel by $11.86 (5.35%).
Secondary Trend
Start date: February 12, 2025
End date: April 29, 2025
a = 12.1269
b = -0.0037
s = 0.0391
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0037) – 1
= -74.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0391) – 1
= 16.91%
February 12, 2025 calculations
Top border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(12.1269 + -0.0037 × 1,749 + 2 × 0.0391)
= Exp(5.6796)
= $292.82
Bottom border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(12.1269 + -0.0037 × 1,749 – 2 × 0.0391)
= Exp(5.5233)
= $250.46
April 29, 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(12.1269 + -0.0037 × 1,825 + 2 × 0.0391)
= Exp(5.3960)
= $220.52
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(12.1269 + -0.0037 × 1,825 – 2 × 0.0391)
= Exp(5.2398)
= $188.62
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.38% per annum.
- FDX price at the close of April 29, 2025 was inside the secondary price channel.