Floor & Decor Holdings Inc (FND)
Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories. The company is headquartered in Atlanta, Georgia.
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 7.29% per annum.
- FND price at the close of May 10, 2024 was $121.49 and was higher than the top border of the primary price channel by $6.93 (6.05%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.34% per annum.
- FND price at the close of May 10, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 FND 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: December 7, 2020
End date: December 12, 2023
a = 4.7847
b = -0.0002
s = 0.1675
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1675) – 1
= 95.40%
December 7, 2020 calculations
Top border of price channel:
Exp(Y397)
= Exp(a + b × X397 + 2 × s)
= Exp(a + b × 574 + 2 × s)
= Exp(4.7847 + -0.0002 × 574 + 2 × 0.1675)
= Exp(5.0005)
= $148.49
Bottom border of price channel:
Exp(Y397)
= Exp(a + b × X397 – 2 × s)
= Exp(a + b × 574 – 2 × s)
= Exp(4.7847 + -0.0002 × 574 – 2 × 0.1675)
= Exp(4.3307)
= $75.99
December 12, 2023 calculations
Top border of price channel:
Exp(Y1,155)
= Exp(a + b × X1,155 + 2 × s)
= Exp(a + b × 1,674 + 2 × s)
= Exp(4.7847 + -0.0002 × 1,674 + 2 × 0.1675)
= Exp(4.7722)
= $118.18
Bottom border of price channel:
Exp(Y1,155)
= Exp(a + b × X1,155 – 2 × s)
= Exp(a + b × 1,674 – 2 × s)
= Exp(4.7847 + -0.0002 × 1,674 – 2 × 0.1675)
= Exp(4.1024)
= $60.48
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.29% per annum.
- FND price at the close of May 10, 2024 was $121.49 and was higher than the top border of the primary price channel by $6.93 (6.05%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 5, 2022
End date: May 10, 2024
a = 3.5402
b = 0.0007
s = 0.1011
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1011) – 1
= 49.84%
May 5, 2022 calculations
Top border of price channel:
Exp(Y752)
= Exp(a + b × X752 + 2 × s)
= Exp(a + b × 1,088 + 2 × s)
= Exp(3.5402 + 0.0007 × 1,088 + 2 × 0.1011)
= Exp(4.4630)
= $86.75
Bottom border of price channel:
Exp(Y752)
= Exp(a + b × X752 – 2 × s)
= Exp(a + b × 1,088 – 2 × s)
= Exp(3.5402 + 0.0007 × 1,088 – 2 × 0.1011)
= Exp(4.0586)
= $57.89
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.5402 + 0.0007 × 1,824 + 2 × 0.1011)
= Exp(4.9504)
= $141.23
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.5402 + 0.0007 × 1,824 – 2 × 0.1011)
= Exp(4.5460)
= $94.26
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.34% per annum.
- FND price at the close of May 10, 2024 was inside the secondary price channel.