Stock Price Trends

Prestige Brand Holdings Inc (PBH)

Prestige Consumer Healthcare Inc., develops, manufactures, markets, distributes and sells over-the-counter (OTC) healthcare products in the United States and internationally. The company is headquartered in Tarrytown, New York.

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 3.82% per annum.
  • PBH price at the close of July 26, 2024 was $70.68 and was higher than the top border of the primary price channel by $0.99 (1.43%).
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 41.22% per annum.
  • PBH price at the close of July 26, 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 PBH 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: June 8, 2021
End date: February 7, 2024

a = 3.9412

b = 0.0001

s = 0.0578

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.82%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0578) – 1
= 26.03%

June 8, 2021 calculations

Top border of price channel:

Exp(Y469)
= Exp(a + b × X469 + 2 × s)
= Exp(a + b × 680 + 2 × s)
= Exp(3.9412 + 0.0001 × 680 + 2 × 0.0578)
= Exp(4.1266)
= $61.97

Bottom border of price channel:

Exp(Y469)
= Exp(a + b × X469 – 2 × s)
= Exp(a + b × 680 – 2 × s)
= Exp(3.9412 + 0.0001 × 680 – 2 × 0.0578)
= Exp(3.8953)
= $49.17

February 7, 2024 calculations

Top border of price channel:

Exp(Y1,140)
= Exp(a + b × X1,140 + 2 × s)
= Exp(a + b × 1,654 + 2 × s)
= Exp(3.9412 + 0.0001 × 1,654 + 2 × 0.0578)
= Exp(4.2266)
= $68.48

Bottom border of price channel:

Exp(Y1,140)
= Exp(a + b × X1,140 – 2 × s)
= Exp(a + b × 1,654 – 2 × s)
= Exp(3.9412 + 0.0001 × 1,654 – 2 × 0.0578)
= Exp(3.9952)
= $54.34

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 3.82% per annum.
  • PBH price at the close of July 26, 2024 was $70.68 and was higher than the top border of the primary price channel by $0.99 (1.43%).

Secondary Trend

Start date: August 17, 2023
End date: May 14, 2024

a = 2.6192

b = 0.0009

s = 0.0430

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 41.22%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0430) – 1
= 18.79%

August 17, 2023 calculations

Top border of price channel:

Exp(Y1,021)
= Exp(a + b × X1,021 + 2 × s)
= Exp(a + b × 1,480 + 2 × s)
= Exp(2.6192 + 0.0009 × 1,480 + 2 × 0.0430)
= Exp(4.1049)
= $60.64

Bottom border of price channel:

Exp(Y1,021)
= Exp(a + b × X1,021 – 2 × s)
= Exp(a + b × 1,480 – 2 × s)
= Exp(2.6192 + 0.0009 × 1,480 – 2 × 0.0430)
= Exp(3.9327)
= $51.05

May 14, 2024 calculations

Top border of price channel:

Exp(Y1,207)
= Exp(a + b × X1,207 + 2 × s)
= Exp(a + b × 1,751 + 2 × s)
= Exp(2.6192 + 0.0009 × 1,751 + 2 × 0.0430)
= Exp(4.3612)
= $78.35

Bottom border of price channel:

Exp(Y1,207)
= Exp(a + b × X1,207 – 2 × s)
= Exp(a + b × 1,751 – 2 × s)
= Exp(2.6192 + 0.0009 × 1,751 – 2 × 0.0430)
= Exp(4.1890)
= $65.96

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 41.22% per annum.
  • PBH price at the close of July 26, 2024 was inside the secondary price channel.