Hasbro Inc (HAS)
Hasbro, Inc. is an American multinational conglomerate with toy, board game, and media assets, headquartered in Pawtucket, Rhode Island.
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 79.93% per annum.
- HAS price at the close of May 17, 2024 was $60.13 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 58.74% per annum.
- HAS 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 HAS 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: October 27, 2023
End date: May 17, 2024
a = 1.1517
b = 0.0016
s = 0.0398
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 79.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0398) – 1
= 17.28%
October 27, 2023 calculations
Top border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 + 2 × s)
= Exp(a + b × 1,621 + 2 × s)
= Exp(1.1517 + 0.0016 × 1,621 + 2 × 0.0398)
= Exp(3.8400)
= $46.52
Bottom border of price channel:
Exp(Y1,119)
= Exp(a + b × X1,119 – 2 × s)
= Exp(a + b × 1,621 – 2 × s)
= Exp(1.1517 + 0.0016 × 1,621 – 2 × 0.0398)
= Exp(3.6806)
= $39.67
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(1.1517 + 0.0016 × 1,824 + 2 × 0.0398)
= Exp(4.1666)
= $64.50
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.1517 + 0.0016 × 1,824 – 2 × 0.0398)
= Exp(4.0073)
= $55.00
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 79.93% per annum.
- HAS price at the close of May 17, 2024 was $60.13 and was inside the primary price channel.
Secondary Trend
Start date: April 24, 2024
End date: May 17, 2024
a = 8.5167
b = -0.0024
s = 0.0156
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0024) – 1
= -58.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0156) – 1
= 6.44%
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(8.5167 + -0.0024 × 1,801 + 2 × 0.0156)
= Exp(4.1795)
= $65.33
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(8.5167 + -0.0024 × 1,801 – 2 × 0.0156)
= Exp(4.1171)
= $61.38
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(8.5167 + -0.0024 × 1,824 + 2 × 0.0156)
= Exp(4.1237)
= $61.79
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(8.5167 + -0.0024 × 1,824 – 2 × 0.0156)
= Exp(4.0613)
= $58.05
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 58.74% per annum.
- HAS price at the close of May 17, 2024 was inside the secondary price channel.