Stock Price Trends

Hilton Worldwide Holdings Inc (HLT)

Hilton Worldwide Holdings Inc., formerly Hilton Hotels Corporation, is an American multinational hospitality company that manages and franchises a broad portfolio of hotels and resorts.

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 63.21% per annum.
  • HLT price at the close of May 10, 2024 was $208.08 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 44.82% per annum.
  • HLT price at the close of May 10, 2024 was higher than the top border of the secondary price channel by $4.71 (2.31%). This indicates a possible reversal in the secondary trend direction.
  • 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 HLT 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 23, 2023
End date: April 29, 2024

a = 2.9201

b = 0.0013

s = 0.0413

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 63.21%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0413) – 1
= 17.97%

May 23, 2023 calculations

Top border of price channel:

Exp(Y1,015)
= Exp(a + b × X1,015 + 2 × s)
= Exp(a + b × 1,471 + 2 × s)
= Exp(2.9201 + 0.0013 × 1,471 + 2 × 0.0413)
= Exp(4.9771)
= $145.05

Bottom border of price channel:

Exp(Y1,015)
= Exp(a + b × X1,015 – 2 × s)
= Exp(a + b × 1,471 – 2 × s)
= Exp(2.9201 + 0.0013 × 1,471 – 2 × 0.0413)
= Exp(4.8118)
= $122.95

April 29, 2024 calculations

Top border of price channel:

Exp(Y1,249)
= Exp(a + b × X1,249 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(2.9201 + 0.0013 × 1,813 + 2 × 0.0413)
= Exp(5.4361)
= $229.55

Bottom border of price channel:

Exp(Y1,249)
= Exp(a + b × X1,249 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(2.9201 + 0.0013 × 1,813 – 2 × 0.0413)
= Exp(5.2708)
= $194.57

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 63.21% per annum.
  • HLT price at the close of May 10, 2024 was $208.08 and was inside the primary price channel.

Secondary Trend

Start date: March 19, 2024
End date: May 8, 2024

a = 8.2519

b = -0.0016

s = 0.0174

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -44.82%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0174) – 1
= 7.20%

March 19, 2024 calculations

Top border of price channel:

Exp(Y1,221)
= Exp(a + b × X1,221 + 2 × s)
= Exp(a + b × 1,772 + 2 × s)
= Exp(8.2519 + -0.0016 × 1,772 + 2 × 0.0174)
= Exp(5.3998)
= $221.35

Bottom border of price channel:

Exp(Y1,221)
= Exp(a + b × X1,221 – 2 × s)
= Exp(a + b × 1,772 – 2 × s)
= Exp(8.2519 + -0.0016 × 1,772 – 2 × 0.0174)
= Exp(5.3303)
= $206.50

May 8, 2024 calculations

Top border of price channel:

Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(8.2519 + -0.0016 × 1,822 + 2 × 0.0174)
= Exp(5.3183)
= $204.04

Bottom border of price channel:

Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(8.2519 + -0.0016 × 1,822 – 2 × 0.0174)
= Exp(5.2488)
= $190.34

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 44.82% per annum.
  • HLT price at the close of May 10, 2024 was higher than the top border of the secondary price channel by $4.71 (2.31%). This indicates a possible reversal in the secondary trend direction.