Fox Corp Class B (FOX)
Fox Corporation is an American mass media company headquartered in New York City.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 88.01% per annum.
- FOX price at the close of July 26, 2024 was $34.92 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 257.63% per annum.
- FOX 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 FOX 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 26, 2024
End date: July 26, 2024
a = 0.3780
b = 0.0017
s = 0.0181
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 88.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0181) – 1
= 7.52%
February 26, 2024 calculations
Top border of price channel:
Exp(Y1,152)
= Exp(a + b × X1,152 + 2 × s)
= Exp(a + b × 1,673 + 2 × s)
= Exp(0.3780 + 0.0017 × 1,673 + 2 × 0.0181)
= Exp(3.3081)
= $27.33
Bottom border of price channel:
Exp(Y1,152)
= Exp(a + b × X1,152 – 2 × s)
= Exp(a + b × 1,673 – 2 × s)
= Exp(0.3780 + 0.0017 × 1,673 – 2 × 0.0181)
= Exp(3.2355)
= $25.42
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(0.3780 + 0.0017 × 1,824 + 2 × 0.0181)
= Exp(3.5692)
= $35.49
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.3780 + 0.0017 × 1,824 – 2 × 0.0181)
= Exp(3.4967)
= $33.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 88.01% per annum.
- FOX price at the close of July 26, 2024 was $34.92 and was inside the primary price channel.
Secondary Trend
Start date: June 27, 2024
End date: July 26, 2024
a = -2.8129
b = 0.0035
s = 0.0111
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0035) – 1
= 257.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0111) – 1
= 4.55%
June 27, 2024 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,795 + 2 × s)
= Exp(-2.8129 + 0.0035 × 1,795 + 2 × 0.0111)
= Exp(3.4762)
= $32.34
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,795 – 2 × s)
= Exp(-2.8129 + 0.0035 × 1,795 – 2 × 0.0111)
= Exp(3.4318)
= $30.93
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(-2.8129 + 0.0035 × 1,824 + 2 × 0.0111)
= Exp(3.5775)
= $35.78
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-2.8129 + 0.0035 × 1,824 – 2 × 0.0111)
= Exp(3.5330)
= $34.23
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 257.63% per annum.
- FOX price at the close of July 26, 2024 was inside the secondary price channel.