Callaway Golf Company (MODG)
Topgolf Callaway Brands Corp. The company is headquartered in Carlsbad, 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 64.62% per annum.
- MODG price at the close of April 28, 2025 was $6.79 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 938.32% per annum.
- MODG price at the close of April 28, 2025 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 MODG 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 27, 2024
End date: April 23, 2025
a = 6.9592
b = -0.0028
s = 0.0816
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0028) – 1
= -64.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0816) – 1
= 38.62%
March 27, 2024 calculations
Top border of price channel:
Exp(Y984)
= Exp(a + b × X984 + 2 × s)
= Exp(a + b × 1,428 + 2 × s)
= Exp(6.9592 + -0.0028 × 1,428 + 2 × 0.0816)
= Exp(3.0575)
= $21.27
Bottom border of price channel:
Exp(Y984)
= Exp(a + b × X984 – 2 × s)
= Exp(a + b × 1,428 – 2 × s)
= Exp(6.9592 + -0.0028 × 1,428 – 2 × 0.0816)
= Exp(2.7310)
= $15.35
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(6.9592 + -0.0028 × 1,820 + 2 × 0.0816)
= Exp(1.9417)
= $6.97
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(6.9592 + -0.0028 × 1,820 – 2 × 0.0816)
= Exp(1.6151)
= $5.03
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 64.62% per annum.
- MODG price at the close of April 28, 2025 was $6.79 and was inside the primary price channel.
Secondary Trend
Start date: April 11, 2025
End date: April 28, 2025
a = -9.7831
b = 0.0064
s = 0.0201
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0064) – 1
= 938.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0201) – 1
= 8.36%
April 11, 2025 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(-9.7831 + 0.0064 × 1,808 + 2 × 0.0201)
= Exp(1.8490)
= $6.35
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(-9.7831 + 0.0064 × 1,808 – 2 × 0.0201)
= Exp(1.7687)
= $5.86
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-9.7831 + 0.0064 × 1,825 + 2 × 0.0201)
= Exp(1.9580)
= $7.09
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-9.7831 + 0.0064 × 1,825 – 2 × 0.0201)
= Exp(1.8777)
= $6.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 938.32% per annum.
- MODG price at the close of April 28, 2025 was inside the secondary price channel.