Fox Factory Holding Corp (FOXF)
Fox Factory Holding Corp. The company is headquartered in Braselton, 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 70.43% per annum.
- FOXF price at the close of May 17, 2024 was $46.97 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4,075.27% per annum.
- FOXF price at the close of May 17, 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 FOXF 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: June 27, 2023
End date: May 17, 2024
a = 9.8065
b = -0.0033
s = 0.1051
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0033) – 1
= -70.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1051) – 1
= 52.28%
June 27, 2023 calculations
Top border of price channel:
Exp(Y1,033)
= Exp(a + b × X1,033 + 2 × s)
= Exp(a + b × 1,499 + 2 × s)
= Exp(9.8065 + -0.0033 × 1,499 + 2 × 0.1051)
= Exp(5.0126)
= $150.30
Bottom border of price channel:
Exp(Y1,033)
= Exp(a + b × X1,033 – 2 × s)
= Exp(a + b × 1,499 – 2 × s)
= Exp(9.8065 + -0.0033 × 1,499 – 2 × 0.1051)
= Exp(4.5921)
= $98.70
May 17, 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(9.8065 + -0.0033 × 1,824 + 2 × 0.1051)
= Exp(3.9277)
= $50.79
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(9.8065 + -0.0033 × 1,824 – 2 × 0.1051)
= Exp(3.5071)
= $33.35
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 70.43% per annum.
- FOXF price at the close of May 17, 2024 was $46.97 and was inside the primary price channel.
Secondary Trend
Start date: April 24, 2024
End date: May 17, 2024
a = -14.7602
b = 0.0102
s = 0.0367
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0102) – 1
= 4,075.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0367) – 1
= 15.83%
April 24, 2024 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(-14.7602 + 0.0102 × 1,801 + 2 × 0.0367)
= Exp(3.7267)
= $41.54
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(-14.7602 + 0.0102 × 1,801 – 2 × 0.0367)
= Exp(3.5798)
= $35.86
May 17, 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(-14.7602 + 0.0102 × 1,824 + 2 × 0.0367)
= Exp(3.9619)
= $52.56
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-14.7602 + 0.0102 × 1,824 – 2 × 0.0367)
= Exp(3.8149)
= $45.37
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4,075.27% per annum.
- FOXF price at the close of May 17, 2024 was inside the secondary price channel.