Hibbett Sports Inc (HIBB)
Hibbett Sports, Inc., is a retailer of athletic-inspired fashion products. The company is headquartered in Birmingham, Alabama.
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 6.72% per annum.
- HIBB price at the close of July 25, 2024 was $87.49 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.86% per annum.
- HIBB 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 HIBB 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: July 2, 2024
End date: July 25, 2024
a = 4.1470
b = 0.0002
s = 0.0002
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0002) – 1
= 0.10%
July 2, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(4.1470 + 0.0002 × 1,800 + 2 × 0.0002)
= Exp(4.4682)
= $87.20
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(4.1470 + 0.0002 × 1,800 – 2 × 0.0002)
= Exp(4.4672)
= $87.12
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.1470 + 0.0002 × 1,823 + 2 × 0.0002)
= Exp(4.4723)
= $87.56
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.1470 + 0.0002 × 1,823 – 2 × 0.0002)
= Exp(4.4713)
= $87.47
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 6.72% per annum.
- HIBB price at the close of July 25, 2024 was $87.49 and was inside the primary price channel.
Secondary Trend
Start date: July 10, 2024
End date: July 25, 2024
a = 4.1873
b = 0.0002
s = 0.0002
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 5.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0002) – 1
= 0.09%
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(4.1873 + 0.0002 × 1,808 + 2 × 0.0002)
= Exp(4.4698)
= $87.34
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(4.1873 + 0.0002 × 1,808 – 2 × 0.0002)
= Exp(4.4689)
= $87.26
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.1873 + 0.0002 × 1,823 + 2 × 0.0002)
= Exp(4.4721)
= $87.54
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.1873 + 0.0002 × 1,823 – 2 × 0.0002)
= Exp(4.4713)
= $87.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.86% per annum.
- HIBB price at the close of July 25, 2024 was inside the secondary price channel.