Callaway Golf Company (MODG)
Topgolf Callaway Brands Corp. is a leading global golf and entertainment company headquartered in Carlsbad, California. Combining the rich tradition of the Callaway Golf brand with the innovative and experiential offerings of Topgolf, the company is positioned at the intersection of a dynamic entertainment landscape and the established golf market. Through its extensive portfolio of premium golf equipment, apparel, and technologically enhanced entertainment venues, Callaway aims to enhance the golfing experience while expanding its reach to new audiences. The company's commitment to innovation and customer engagement makes it a compelling opportunity for institutional investors seeking exposure to the evolving recreational market.
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 131.62% per annum.
- MODG price at the close of October 27, 2025 was $10.02 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.40% per annum.
- MODG price at the close of October 27, 2025 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 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: February 27, 2025
End date: October 27, 2025
a = -1.8553
b = 0.0023
s = 0.0814
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 131.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0814) – 1
= 38.48%
February 27, 2025 calculations
Top border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 + 2 × s)
= Exp(a + b × 1,583 + 2 × s)
= Exp(-1.8553 + 0.0023 × 1,583 + 2 × 0.0814)
= Exp(1.9502)
= $7.03
Bottom border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 – 2 × s)
= Exp(a + b × 1,583 – 2 × s)
= Exp(-1.8553 + 0.0023 × 1,583 – 2 × 0.0814)
= Exp(1.6246)
= $5.08
October 27, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-1.8553 + 0.0023 × 1,825 + 2 × 0.0814)
= Exp(2.5071)
= $12.27
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-1.8553 + 0.0023 × 1,825 – 2 × 0.0814)
= Exp(2.1815)
= $8.86
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 131.62% per annum.
- MODG price at the close of October 27, 2025 was $10.02 and was inside the primary price channel.
Secondary Trend
Start date: July 1, 2025
End date: October 27, 2025
a = 1.5386
b = 0.0004
s = 0.0452
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0452) – 1
= 19.84%
July 1, 2025 calculations
Top border of price channel:
Exp(Y1,172)
= Exp(a + b × X1,172 + 2 × s)
= Exp(a + b × 1,707 + 2 × s)
= Exp(1.5386 + 0.0004 × 1,707 + 2 × 0.0452)
= Exp(2.2990)
= $9.96
Bottom border of price channel:
Exp(Y1,172)
= Exp(a + b × X1,172 – 2 × s)
= Exp(a + b × 1,707 – 2 × s)
= Exp(1.5386 + 0.0004 × 1,707 – 2 × 0.0452)
= Exp(2.1180)
= $8.31
October 27, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(1.5386 + 0.0004 × 1,825 + 2 × 0.0452)
= Exp(2.3453)
= $10.44
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.5386 + 0.0004 × 1,825 – 2 × 0.0452)
= Exp(2.1643)
= $8.71
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.40% per annum.
- MODG price at the close of October 27, 2025 was inside the secondary price channel.