Lowe's Companies Inc (LOW)
Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States and Canada.
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 4.72% per annum.
- LOW price at the close of July 25, 2024 was $234.77 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.04% per annum.
- LOW 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 LOW 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: March 25, 2021
End date: July 25, 2024
a = 5.1616
b = 0.0001
s = 0.0832
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0832) – 1
= 39.51%
March 25, 2021 calculations
Top border of price channel:
Exp(Y419)
= Exp(a + b × X419 + 2 × s)
= Exp(a + b × 608 + 2 × s)
= Exp(5.1616 + 0.0001 × 608 + 2 × 0.0832)
= Exp(5.4049)
= $222.49
Bottom border of price channel:
Exp(Y419)
= Exp(a + b × X419 – 2 × s)
= Exp(a + b × 608 – 2 × s)
= Exp(5.1616 + 0.0001 × 608 – 2 × 0.0832)
= Exp(5.0719)
= $159.48
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(5.1616 + 0.0001 × 1,826 + 2 × 0.0832)
= Exp(5.5587)
= $259.48
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(5.1616 + 0.0001 × 1,826 – 2 × 0.0832)
= Exp(5.2257)
= $185.99
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 4.72% per annum.
- LOW price at the close of July 25, 2024 was $234.77 and was inside the primary price channel.
Secondary Trend
Start date: May 5, 2022
End date: July 25, 2024
a = 4.8775
b = 0.0003
s = 0.0552
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0552) – 1
= 24.69%
May 5, 2022 calculations
Top border of price channel:
Exp(Y700)
= Exp(a + b × X700 + 2 × s)
= Exp(a + b × 1,014 + 2 × s)
= Exp(4.8775 + 0.0003 × 1,014 + 2 × 0.0552)
= Exp(5.3037)
= $201.07
Bottom border of price channel:
Exp(Y700)
= Exp(a + b × X700 – 2 × s)
= Exp(a + b × 1,014 – 2 × s)
= Exp(4.8775 + 0.0003 × 1,014 – 2 × 0.0552)
= Exp(5.0830)
= $161.25
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(4.8775 + 0.0003 × 1,826 + 2 × 0.0552)
= Exp(5.5566)
= $258.94
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.8775 + 0.0003 × 1,826 – 2 × 0.0552)
= Exp(5.3359)
= $207.66
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 12.04% per annum.
- LOW price at the close of July 25, 2024 was inside the secondary price channel.