General Mills Inc (GIS)
General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis.
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 12.30% per annum.
- GIS price at the close of July 25, 2024 was $65.83 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.36% per annum.
- GIS price at the close of July 25, 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 GIS 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: September 21, 2022
End date: July 25, 2024
a = 4.7900
b = -0.0004
s = 0.0723
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0723) – 1
= 33.53%
September 21, 2022 calculations
Top border of price channel:
Exp(Y795)
= Exp(a + b × X795 + 2 × s)
= Exp(a + b × 1,153 + 2 × s)
= Exp(4.7900 + -0.0004 × 1,153 + 2 × 0.0723)
= Exp(4.5201)
= $91.85
Bottom border of price channel:
Exp(Y795)
= Exp(a + b × X795 – 2 × s)
= Exp(a + b × 1,153 – 2 × s)
= Exp(4.7900 + -0.0004 × 1,153 – 2 × 0.0723)
= Exp(4.2310)
= $68.78
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(4.7900 + -0.0004 × 1,826 + 2 × 0.0723)
= Exp(4.2782)
= $72.11
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.7900 + -0.0004 × 1,826 – 2 × 0.0723)
= Exp(3.9891)
= $54.00
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.30% per annum.
- GIS price at the close of July 25, 2024 was $65.83 and was inside the primary price channel.
Secondary Trend
Start date: September 1, 2023
End date: July 25, 2024
a = 3.7601
b = 0.0002
s = 0.0339
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 9.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0339) – 1
= 14.54%
September 1, 2023 calculations
Top border of price channel:
Exp(Y1,033)
= Exp(a + b × X1,033 + 2 × s)
= Exp(a + b × 1,498 + 2 × s)
= Exp(3.7601 + 0.0002 × 1,498 + 2 × 0.0339)
= Exp(4.1953)
= $66.38
Bottom border of price channel:
Exp(Y1,033)
= Exp(a + b × X1,033 – 2 × s)
= Exp(a + b × 1,498 – 2 × s)
= Exp(3.7601 + 0.0002 × 1,498 – 2 × 0.0339)
= Exp(4.0596)
= $57.95
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(3.7601 + 0.0002 × 1,826 + 2 × 0.0339)
= Exp(4.2758)
= $71.94
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7601 + 0.0002 × 1,826 – 2 × 0.0339)
= Exp(4.1401)
= $62.81
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 9.36% per annum.
- GIS price at the close of July 25, 2024 was inside the secondary price channel.