Korn Ferry (KFY)
Korn Ferry, provides organizational consulting services worldwide. The company is headquartered in Los Angeles, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.71% per annum.
- KFY price at the close of July 25, 2024 was $70.67 and was higher than the top border of the primary price channel by $20.15 (39.88%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 62.75% per annum.
- KFY 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 KFY 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: February 22, 2021
End date: December 6, 2023
a = 4.4886
b = -0.0004
s = 0.0858
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0858) – 1
= 40.95%
February 22, 2021 calculations
Top border of price channel:
Exp(Y396)
= Exp(a + b × X396 + 2 × s)
= Exp(a + b × 577 + 2 × s)
= Exp(4.4886 + -0.0004 × 577 + 2 × 0.0858)
= Exp(4.4270)
= $83.68
Bottom border of price channel:
Exp(Y396)
= Exp(a + b × X396 – 2 × s)
= Exp(a + b × 577 – 2 × s)
= Exp(4.4886 + -0.0004 × 577 – 2 × 0.0858)
= Exp(4.0838)
= $59.37
December 6, 2023 calculations
Top border of price channel:
Exp(Y1,099)
= Exp(a + b × X1,099 + 2 × s)
= Exp(a + b × 1,594 + 2 × s)
= Exp(4.4886 + -0.0004 × 1,594 + 2 × 0.0858)
= Exp(4.0161)
= $55.48
Bottom border of price channel:
Exp(Y1,099)
= Exp(a + b × X1,099 – 2 × s)
= Exp(a + b × 1,594 – 2 × s)
= Exp(4.4886 + -0.0004 × 1,594 – 2 × 0.0858)
= Exp(3.6729)
= $39.37
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.71% per annum.
- KFY price at the close of July 25, 2024 was $70.67 and was higher than the top border of the primary price channel by $20.15 (39.88%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 5, 2023
End date: July 25, 2024
a = 1.8302
b = 0.0013
s = 0.0454
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 62.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0454) – 1
= 19.93%
September 5, 2023 calculations
Top border of price channel:
Exp(Y1,034)
= Exp(a + b × X1,034 + 2 × s)
= Exp(a + b × 1,502 + 2 × s)
= Exp(1.8302 + 0.0013 × 1,502 + 2 × 0.0454)
= Exp(3.9254)
= $50.67
Bottom border of price channel:
Exp(Y1,034)
= Exp(a + b × X1,034 – 2 × s)
= Exp(a + b × 1,502 – 2 × s)
= Exp(1.8302 + 0.0013 × 1,502 – 2 × 0.0454)
= Exp(3.7436)
= $42.25
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(1.8302 + 0.0013 × 1,826 + 2 × 0.0454)
= Exp(4.3577)
= $78.08
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.8302 + 0.0013 × 1,826 – 2 × 0.0454)
= Exp(4.1760)
= $65.10
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 62.75% per annum.
- KFY price at the close of July 25, 2024 was inside the secondary price channel.