Hanesbrands Inc (HBI)
Hanesbrands Inc. is an American multinational clothing company based in Winston-Salem, North Carolina.
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 42.04% per annum.
- HBI price at the close of April 28, 2025 was $4.85 and was lower than the bottom border of the primary price channel by $1.02 (17.39%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.84% per annum.
- HBI price at the close of April 28, 2025 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 HBI 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: April 12, 2023
End date: February 27, 2025
a = 0.3079
b = 0.0010
s = 0.1463
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1463) – 1
= 79.55%
April 12, 2023 calculations
Top border of price channel:
Exp(Y743)
= Exp(a + b × X743 + 2 × s)
= Exp(a + b × 1,078 + 2 × s)
= Exp(0.3079 + 0.0010 × 1,078 + 2 × 0.1463)
= Exp(1.6371)
= $5.14
Bottom border of price channel:
Exp(Y743)
= Exp(a + b × X743 – 2 × s)
= Exp(a + b × 1,078 – 2 × s)
= Exp(0.3079 + 0.0010 × 1,078 – 2 × 0.1463)
= Exp(1.0518)
= $2.86
February 27, 2025 calculations
Top border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 + 2 × s)
= Exp(a + b × 1,765 + 2 × s)
= Exp(0.3079 + 0.0010 × 1,765 + 2 × 0.1463)
= Exp(2.2977)
= $9.95
Bottom border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 – 2 × s)
= Exp(a + b × 1,765 – 2 × s)
= Exp(0.3079 + 0.0010 × 1,765 – 2 × 0.1463)
= Exp(1.7124)
= $5.54
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 42.04% per annum.
- HBI price at the close of April 28, 2025 was $4.85 and was lower than the bottom border of the primary price channel by $1.02 (17.39%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 26, 2024
End date: April 28, 2025
a = 10.3569
b = -0.0048
s = 0.0856
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0048) – 1
= -82.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0856) – 1
= 40.82%
November 26, 2024 calculations
Top border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 + 2 × s)
= Exp(a + b × 1,672 + 2 × s)
= Exp(10.3569 + -0.0048 × 1,672 + 2 × 0.0856)
= Exp(2.4539)
= $11.63
Bottom border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 – 2 × s)
= Exp(a + b × 1,672 – 2 × s)
= Exp(10.3569 + -0.0048 × 1,672 – 2 × 0.0856)
= Exp(2.1116)
= $8.26
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(10.3569 + -0.0048 × 1,825 + 2 × 0.0856)
= Exp(1.7151)
= $5.56
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(10.3569 + -0.0048 × 1,825 – 2 × 0.0856)
= Exp(1.3727)
= $3.95
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.84% per annum.
- HBI price at the close of April 28, 2025 was inside the secondary price channel.