Pilgrims Pride Corp (PPC)
Pilgrim's Pride Corporation produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products to retailers, distributors and food service operators in the United States, the United Kingdom, Mexico, France, Puerto Rico, the Countries Low, rest of Europe, Middle East, Asia and internationally. The company is headquartered in Greeley, Colorado.
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 95.52% per annum.
- PPC price at the close of December 11, 2024 was $49.99 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 50.40% per annum.
- PPC price at the close of December 11, 2024 was inside the secondary price channel.
- 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 PPC 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 18, 2023
End date: December 11, 2024
a = 0.6045
b = 0.0018
s = 0.0445
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 95.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0445) – 1
= 19.48%
September 18, 2023 calculations
Top border of price channel:
Exp(Y946)
= Exp(a + b × X946 + 2 × s)
= Exp(a + b × 1,376 + 2 × s)
= Exp(0.6045 + 0.0018 × 1,376 + 2 × 0.0445)
= Exp(3.2212)
= $25.06
Bottom border of price channel:
Exp(Y946)
= Exp(a + b × X946 – 2 × s)
= Exp(a + b × 1,376 – 2 × s)
= Exp(0.6045 + 0.0018 × 1,376 – 2 × 0.0445)
= Exp(3.0432)
= $20.97
December 11, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.6045 + 0.0018 × 1,826 + 2 × 0.0445)
= Exp(4.0478)
= $57.27
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.6045 + 0.0018 × 1,826 – 2 × 0.0445)
= Exp(3.8698)
= $47.93
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 95.52% per annum.
- PPC price at the close of December 11, 2024 was $49.99 and was inside the primary price channel.
Secondary Trend
Start date: November 5, 2024
End date: December 11, 2024
a = 7.4147
b = -0.0019
s = 0.0163
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -50.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0163) – 1
= 6.75%
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,790 + 2 × s)
= Exp(7.4147 + -0.0019 × 1,790 + 2 × 0.0163)
= Exp(4.0082)
= $55.05
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,790 – 2 × s)
= Exp(7.4147 + -0.0019 × 1,790 – 2 × 0.0163)
= Exp(3.9429)
= $51.57
December 11, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(7.4147 + -0.0019 × 1,826 + 2 × 0.0163)
= Exp(3.9390)
= $51.37
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(7.4147 + -0.0019 × 1,826 – 2 × 0.0163)
= Exp(3.8737)
= $48.12
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 50.40% per annum.
- PPC price at the close of December 11, 2024 was inside the secondary price channel.