Kraft Heinz Co (KHC)
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz, is an American food company formed by the merger of Kraft Foods and Heinz, co-headquartered in Chicago, Illinois, and Pittsburgh, Pennsylvania.
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 0.98% per annum.
- KHC price at the close of May 6, 2024 was $35.74 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.93% per annum.
- KHC price at the close of May 6, 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 KHC 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 18, 2021
End date: May 6, 2024
a = 3.5235
b = 0.0000
s = 0.0643
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.98%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0643) – 1
= 29.33%
February 18, 2021 calculations
Top border of price channel:
Exp(Y450)
= Exp(a + b × X450 + 2 × s)
= Exp(a + b × 653 + 2 × s)
= Exp(3.5235 + 0.0000 × 653 + 2 × 0.0643)
= Exp(3.6696)
= $39.24
Bottom border of price channel:
Exp(Y450)
= Exp(a + b × X450 – 2 × s)
= Exp(a + b × 653 – 2 × s)
= Exp(3.5235 + 0.0000 × 653 – 2 × 0.0643)
= Exp(3.4124)
= $30.34
May 6, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.5235 + 0.0000 × 1,826 + 2 × 0.0643)
= Exp(3.7011)
= $40.49
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.5235 + 0.0000 × 1,826 – 2 × 0.0643)
= Exp(3.4438)
= $31.31
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 0.98% per annum.
- KHC price at the close of May 6, 2024 was $35.74 and was inside the primary price channel.
Secondary Trend
Start date: August 15, 2023
End date: May 6, 2024
a = 2.4379
b = 0.0007
s = 0.0404
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 26.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0404) – 1
= 17.53%
August 15, 2023 calculations
Top border of price channel:
Exp(Y1,076)
= Exp(a + b × X1,076 + 2 × s)
= Exp(a + b × 1,561 + 2 × s)
= Exp(2.4379 + 0.0007 × 1,561 + 2 × 0.0404)
= Exp(3.5386)
= $34.42
Bottom border of price channel:
Exp(Y1,076)
= Exp(a + b × X1,076 – 2 × s)
= Exp(a + b × 1,561 – 2 × s)
= Exp(2.4379 + 0.0007 × 1,561 – 2 × 0.0404)
= Exp(3.3771)
= $29.29
May 6, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.4379 + 0.0007 × 1,826 + 2 × 0.0404)
= Exp(3.7117)
= $40.92
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.4379 + 0.0007 × 1,826 – 2 × 0.0404)
= Exp(3.5502)
= $34.82
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.93% per annum.
- KHC price at the close of May 6, 2024 was inside the secondary price channel.