Procter & Gamble Company (PG)
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health, consumer health, personal care, and hygiene products; these products are organized into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. Before the sale of Pringles to Kellogg's, its product portfolio also included food, snacks, and beverages.
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 23.92% per annum.
- PG price at the close of July 26, 2024 was $169.11 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.84% per annum.
- PG 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 PG 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: September 27, 2023
End date: July 26, 2024
a = 4.0591
b = 0.0006
s = 0.0211
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0211) – 1
= 8.81%
September 27, 2023 calculations
Top border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 + 2 × s)
= Exp(a + b × 1,521 + 2 × s)
= Exp(4.0591 + 0.0006 × 1,521 + 2 × 0.0211)
= Exp(4.9950)
= $147.67
Bottom border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 – 2 × s)
= Exp(a + b × 1,521 – 2 × s)
= Exp(4.0591 + 0.0006 × 1,521 – 2 × 0.0211)
= Exp(4.9105)
= $135.71
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.0591 + 0.0006 × 1,824 + 2 × 0.0211)
= Exp(5.1730)
= $176.44
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.0591 + 0.0006 × 1,824 – 2 × 0.0211)
= Exp(5.0886)
= $162.16
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 23.92% per annum.
- PG price at the close of July 26, 2024 was $169.11 and was inside the primary price channel.
Secondary Trend
Start date: May 2, 2024
End date: July 26, 2024
a = 4.8313
b = 0.0002
s = 0.0105
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 5.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0105) – 1
= 4.27%
May 2, 2024 calculations
Top border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 + 2 × s)
= Exp(a + b × 1,739 + 2 × s)
= Exp(4.8313 + 0.0002 × 1,739 + 2 × 0.0105)
= Exp(5.1226)
= $167.78
Bottom border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 – 2 × s)
= Exp(a + b × 1,739 – 2 × s)
= Exp(4.8313 + 0.0002 × 1,739 – 2 × 0.0105)
= Exp(5.0808)
= $160.90
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.8313 + 0.0002 × 1,824 + 2 × 0.0105)
= Exp(5.1359)
= $170.01
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.8313 + 0.0002 × 1,824 – 2 × 0.0105)
= Exp(5.0940)
= $163.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.84% per annum.
- PG price at the close of July 26, 2024 was inside the secondary price channel.