Newell Brands Inc (NWL)
Newell Brands is an American worldwide manufacturer, marketer and distributor of consumer and commercial products with a portfolio of brands.
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 35.81% per annum.
- NWL price at the close of April 28, 2025 was $5.11 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.67% per annum.
- NWL price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $0.50 (8.88%).
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 NWL 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 15, 2021
End date: July 25, 2024
a = 3.7003
b = -0.0012
s = 0.1207
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1207) – 1
= 62.03%
March 15, 2021 calculations
Top border of price channel:
Exp(Y220)
= Exp(a + b × X220 + 2 × s)
= Exp(a + b × 320 + 2 × s)
= Exp(3.7003 + -0.0012 × 320 + 2 × 0.1207)
= Exp(3.5529)
= $34.92
Bottom border of price channel:
Exp(Y220)
= Exp(a + b × X220 – 2 × s)
= Exp(a + b × 320 – 2 × s)
= Exp(3.7003 + -0.0012 × 320 – 2 × 0.1207)
= Exp(3.0703)
= $21.55
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 + 2 × s)
= Exp(a + b × 1,548 + 2 × s)
= Exp(3.7003 + -0.0012 × 1,548 + 2 × 0.1207)
= Exp(2.0614)
= $7.86
Bottom border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 – 2 × s)
= Exp(a + b × 1,548 – 2 × s)
= Exp(3.7003 + -0.0012 × 1,548 – 2 × 0.1207)
= Exp(1.5788)
= $4.85
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 35.81% per annum.
- NWL price at the close of April 28, 2025 was $5.11 and was inside the primary price channel.
Secondary Trend
Start date: May 2, 2023
End date: March 28, 2025
a = 2.2088
b = -0.0001
s = 0.1489
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1489) – 1
= 81.39%
May 2, 2023 calculations
Top border of price channel:
Exp(Y757)
= Exp(a + b × X757 + 2 × s)
= Exp(a + b × 1,098 + 2 × s)
= Exp(2.2088 + -0.0001 × 1,098 + 2 × 0.1489)
= Exp(2.3941)
= $10.96
Bottom border of price channel:
Exp(Y757)
= Exp(a + b × X757 – 2 × s)
= Exp(a + b × 1,098 – 2 × s)
= Exp(2.2088 + -0.0001 × 1,098 – 2 × 0.1489)
= Exp(1.7986)
= $6.04
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,235)
= Exp(a + b × X1,235 + 2 × s)
= Exp(a + b × 1,794 + 2 × s)
= Exp(2.2088 + -0.0001 × 1,794 + 2 × 0.1489)
= Exp(2.3229)
= $10.20
Bottom border of price channel:
Exp(Y1,235)
= Exp(a + b × X1,235 – 2 × s)
= Exp(a + b × 1,794 – 2 × s)
= Exp(2.2088 + -0.0001 × 1,794 – 2 × 0.1489)
= Exp(1.7274)
= $5.63
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 3.67% per annum.
- NWL price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $0.50 (8.88%).