Frontdoor Inc (FTDR)
front door, inc. The company is headquartered in Memphis, Tennessee.
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 25.94% per annum.
- FTDR price at the close of July 25, 2024 was $36.92 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.35% per annum.
- FTDR 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 FTDR 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: May 23, 2022
End date: July 25, 2024
a = 2.4595
b = 0.0006
s = 0.0955
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0955) – 1
= 46.53%
May 23, 2022 calculations
Top border of price channel:
Exp(Y712)
= Exp(a + b × X712 + 2 × s)
= Exp(a + b × 1,032 + 2 × s)
= Exp(2.4595 + 0.0006 × 1,032 + 2 × 0.0955)
= Exp(3.3026)
= $27.18
Bottom border of price channel:
Exp(Y712)
= Exp(a + b × X712 – 2 × s)
= Exp(a + b × 1,032 – 2 × s)
= Exp(2.4595 + 0.0006 × 1,032 – 2 × 0.0955)
= Exp(2.9206)
= $18.55
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(2.4595 + 0.0006 × 1,826 + 2 × 0.0955)
= Exp(3.8043)
= $44.89
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.4595 + 0.0006 × 1,826 – 2 × 0.0955)
= Exp(3.4223)
= $30.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 25.94% per annum.
- FTDR price at the close of July 25, 2024 was $36.92 and was inside the primary price channel.
Secondary Trend
Start date: May 8, 2023
End date: July 25, 2024
a = 3.2255
b = 0.0002
s = 0.0590
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0590) – 1
= 26.64%
May 8, 2023 calculations
Top border of price channel:
Exp(Y952)
= Exp(a + b × X952 + 2 × s)
= Exp(a + b × 1,382 + 2 × s)
= Exp(3.2255 + 0.0002 × 1,382 + 2 × 0.0590)
= Exp(3.5768)
= $35.76
Bottom border of price channel:
Exp(Y952)
= Exp(a + b × X952 – 2 × s)
= Exp(a + b × 1,382 – 2 × s)
= Exp(3.2255 + 0.0002 × 1,382 – 2 × 0.0590)
= Exp(3.3406)
= $28.24
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(3.2255 + 0.0002 × 1,826 + 2 × 0.0590)
= Exp(3.6517)
= $38.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.2255 + 0.0002 × 1,826 – 2 × 0.0590)
= Exp(3.4155)
= $30.43
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.35% per annum.
- FTDR price at the close of July 25, 2024 was inside the secondary price channel.