Kohls Corp (KSS)
Kohl's Corporation is a retail company in the United States. The company is headquartered in Menomonee Falls, Wisconsin.
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 32.21% per annum.
- KSS price at the close of May 10, 2024 was $23.93 and was higher than the top border of the primary price channel by $1.84 (8.32%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.59% per annum.
- KSS price at the close of May 10, 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 KSS 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 19, 2021
End date: November 30, 2023
a = 4.7095
b = -0.0011
s = 0.1643
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1643) – 1
= 92.97%
February 19, 2021 calculations
Top border of price channel:
Exp(Y447)
= Exp(a + b × X447 + 2 × s)
= Exp(a + b × 648 + 2 × s)
= Exp(4.7095 + -0.0011 × 648 + 2 × 0.1643)
= Exp(4.3480)
= $77.32
Bottom border of price channel:
Exp(Y447)
= Exp(a + b × X447 – 2 × s)
= Exp(a + b × 648 – 2 × s)
= Exp(4.7095 + -0.0011 × 648 – 2 × 0.1643)
= Exp(3.6906)
= $40.07
November 30, 2023 calculations
Top border of price channel:
Exp(Y1,147)
= Exp(a + b × X1,147 + 2 × s)
= Exp(a + b × 1,662 + 2 × s)
= Exp(4.7095 + -0.0011 × 1,662 + 2 × 0.1643)
= Exp(3.2678)
= $26.25
Bottom border of price channel:
Exp(Y1,147)
= Exp(a + b × X1,147 – 2 × s)
= Exp(a + b × 1,662 – 2 × s)
= Exp(4.7095 + -0.0011 × 1,662 – 2 × 0.1643)
= Exp(2.6104)
= $13.61
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 32.21% per annum.
- KSS price at the close of May 10, 2024 was $23.93 and was higher than the top border of the primary price channel by $1.84 (8.32%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 10, 2023
End date: May 10, 2024
a = 2.0956
b = 0.0006
s = 0.1057
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1057) – 1
= 52.65%
March 10, 2023 calculations
Top border of price channel:
Exp(Y964)
= Exp(a + b × X964 + 2 × s)
= Exp(a + b × 1,397 + 2 × s)
= Exp(2.0956 + 0.0006 × 1,397 + 2 × 0.1057)
= Exp(3.2095)
= $24.77
Bottom border of price channel:
Exp(Y964)
= Exp(a + b × X964 – 2 × s)
= Exp(a + b × 1,397 – 2 × s)
= Exp(2.0956 + 0.0006 × 1,397 – 2 × 0.1057)
= Exp(2.7866)
= $16.23
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.0956 + 0.0006 × 1,824 + 2 × 0.1057)
= Exp(3.4854)
= $32.63
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.0956 + 0.0006 × 1,824 – 2 × 0.1057)
= Exp(3.0624)
= $21.38
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.59% per annum.
- KSS price at the close of May 10, 2024 was inside the secondary price channel.