Lamb Weston Holdings Inc (LW)
Lamb Weston Holdings, Inc. is an American food processing company that is one of the world's largest producers and processors of frozen french fries and other frozen potato products. It is headquartered in Eagle, Idaho.
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 18.29% per annum.
- LW price at the close of July 26, 2024 was $56.71 and was lower than the bottom border of the primary price channel by $16.15 (22.16%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.77% per annum.
- LW price at the close of July 26, 2024 was lower than the bottom border of the secondary price channel by $12.49 (18.04%).
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 LW 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 31, 2023
End date: July 23, 2024
a = 5.4524
b = -0.0006
s = 0.0774
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.29%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0774) – 1
= 36.29%
March 31, 2023 calculations
Top border of price channel:
Exp(Y926)
= Exp(a + b × X926 + 2 × s)
= Exp(a + b × 1,341 + 2 × s)
= Exp(5.4524 + -0.0006 × 1,341 + 2 × 0.0774)
= Exp(4.8653)
= $129.71
Bottom border of price channel:
Exp(Y926)
= Exp(a + b × X926 – 2 × s)
= Exp(a + b × 1,341 – 2 × s)
= Exp(5.4524 + -0.0006 × 1,341 – 2 × 0.0774)
= Exp(4.5557)
= $95.18
July 23, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(5.4524 + -0.0006 × 1,821 + 2 × 0.0774)
= Exp(4.5998)
= $99.46
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(5.4524 + -0.0006 × 1,821 – 2 × 0.0774)
= Exp(4.2902)
= $72.98
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.29% per annum.
- LW price at the close of July 26, 2024 was $56.71 and was lower than the bottom border of the primary price channel by $16.15 (22.16%).
Secondary Trend
Start date: December 18, 2023
End date: July 23, 2024
a = 7.2301
b = -0.0016
s = 0.0579
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -43.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0579) – 1
= 26.06%
December 18, 2023 calculations
Top border of price channel:
Exp(Y1,106)
= Exp(a + b × X1,106 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(7.2301 + -0.0016 × 1,603 + 2 × 0.0579)
= Exp(4.8171)
= $123.61
Bottom border of price channel:
Exp(Y1,106)
= Exp(a + b × X1,106 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(7.2301 + -0.0016 × 1,603 – 2 × 0.0579)
= Exp(4.5856)
= $98.06
July 23, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(7.2301 + -0.0016 × 1,821 + 2 × 0.0579)
= Exp(4.4732)
= $87.64
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(7.2301 + -0.0016 × 1,821 – 2 × 0.0579)
= Exp(4.2417)
= $69.52
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.77% per annum.
- LW price at the close of July 26, 2024 was lower than the bottom border of the secondary price channel by $12.49 (18.04%).