Park Hotels & Resorts Inc (PK)
None
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 59.72% per annum.
- PK price at the close of April 29, 2025 was $9.90 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 227.63% per annum.
- PK price at the close of April 29, 2025 was lower than the bottom border of the secondary price channel by $0.01 (0.06%). This indicates a possible reversal in the secondary trend direction.
- 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 PK 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: November 27, 2024
End date: April 2, 2025
a = 6.8744
b = -0.0025
s = 0.0236
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0236) – 1
= 9.91%
November 27, 2024 calculations
Top border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 + 2 × s)
= Exp(a + b × 1,672 + 2 × s)
= Exp(6.8744 + -0.0025 × 1,672 + 2 × 0.0236)
= Exp(2.7568)
= $15.75
Bottom border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 – 2 × s)
= Exp(a + b × 1,672 – 2 × s)
= Exp(6.8744 + -0.0025 × 1,672 – 2 × 0.0236)
= Exp(2.6623)
= $14.33
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(6.8744 + -0.0025 × 1,798 + 2 × 0.0236)
= Exp(2.4429)
= $11.51
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(6.8744 + -0.0025 × 1,798 – 2 × 0.0236)
= Exp(2.3484)
= $10.47
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 59.72% per annum.
- PK price at the close of April 29, 2025 was $9.90 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2025
End date: April 28, 2025
a = -3.6226
b = 0.0033
s = 0.0089
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 227.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0089) – 1
= 3.63%
April 10, 2025 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(-3.6226 + 0.0033 × 1,806 + 2 × 0.0089)
= Exp(2.2670)
= $9.65
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(-3.6226 + 0.0033 × 1,806 – 2 × 0.0089)
= Exp(2.2314)
= $9.31
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-3.6226 + 0.0033 × 1,824 + 2 × 0.0089)
= Exp(2.3255)
= $10.23
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-3.6226 + 0.0033 × 1,824 – 2 × 0.0089)
= Exp(2.2899)
= $9.87
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 227.63% per annum.
- PK price at the close of April 29, 2025 was lower than the bottom border of the secondary price channel by $0.01 (0.06%). This indicates a possible reversal in the secondary trend direction.