Hyatt Hotels Corporation (H)
Hyatt Hotels Corporation is a hotel company in the United States and internationally. The company is headquartered in Chicago, Illinois.
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 35.00% per annum.
- H price at the close of July 25, 2024 was $150.26 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.80% per annum.
- H 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 H 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 6, 2022
End date: July 25, 2024
a = 3.5390
b = 0.0008
s = 0.0796
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0796) – 1
= 37.50%
May 6, 2022 calculations
Top border of price channel:
Exp(Y701)
= Exp(a + b × X701 + 2 × s)
= Exp(a + b × 1,015 + 2 × s)
= Exp(3.5390 + 0.0008 × 1,015 + 2 × 0.0796)
= Exp(4.5329)
= $93.02
Bottom border of price channel:
Exp(Y701)
= Exp(a + b × X701 – 2 × s)
= Exp(a + b × 1,015 – 2 × s)
= Exp(3.5390 + 0.0008 × 1,015 – 2 × 0.0796)
= Exp(4.2144)
= $67.65
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(3.5390 + 0.0008 × 1,826 + 2 × 0.0796)
= Exp(5.1997)
= $181.22
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.5390 + 0.0008 × 1,826 – 2 × 0.0796)
= Exp(4.8813)
= $131.80
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 35.00% per annum.
- H price at the close of July 25, 2024 was $150.26 and was inside the primary price channel.
Secondary Trend
Start date: February 26, 2024
End date: July 25, 2024
a = 5.5175
b = -0.0003
s = 0.0250
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0250) – 1
= 10.52%
February 26, 2024 calculations
Top border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 + 2 × s)
= Exp(a + b × 1,676 + 2 × s)
= Exp(5.5175 + -0.0003 × 1,676 + 2 × 0.0250)
= Exp(5.0938)
= $163.02
Bottom border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 – 2 × s)
= Exp(a + b × 1,676 – 2 × s)
= Exp(5.5175 + -0.0003 × 1,676 – 2 × 0.0250)
= Exp(4.9938)
= $147.49
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(5.5175 + -0.0003 × 1,826 + 2 × 0.0250)
= Exp(5.0514)
= $156.25
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.5175 + -0.0003 × 1,826 – 2 × 0.0250)
= Exp(4.9514)
= $141.37
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.80% per annum.
- H price at the close of July 25, 2024 was inside the secondary price channel.