Scholastic Corporation (SCHL)
Scholastic Corporation publishes and distributes children's books worldwide. The company is headquartered in New York, New York.
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 50.17% per annum.
- SCHL price at the close of April 28, 2025 was $17.77 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.37% per annum.
- SCHL price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $0.28 (1.59%). This indicates a possible reversal in the secondary trend direction.
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 SCHL 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: February 9, 2024
End date: April 28, 2025
a = 6.3680
b = -0.0019
s = 0.0722
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -50.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0722) – 1
= 33.50%
February 9, 2024 calculations
Top border of price channel:
Exp(Y952)
= Exp(a + b × X952 + 2 × s)
= Exp(a + b × 1,381 + 2 × s)
= Exp(6.3680 + -0.0019 × 1,381 + 2 × 0.0722)
= Exp(3.8767)
= $48.27
Bottom border of price channel:
Exp(Y952)
= Exp(a + b × X952 – 2 × s)
= Exp(a + b × 1,381 – 2 × s)
= Exp(6.3680 + -0.0019 × 1,381 – 2 × 0.0722)
= Exp(3.5878)
= $36.15
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.3680 + -0.0019 × 1,825 + 2 × 0.0722)
= Exp(3.0293)
= $20.68
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.3680 + -0.0019 × 1,825 – 2 × 0.0722)
= Exp(2.7404)
= $15.49
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 50.17% per annum.
- SCHL price at the close of April 28, 2025 was $17.77 and was inside the primary price channel.
Secondary Trend
Start date: February 24, 2025
End date: April 28, 2025
a = 11.4541
b = -0.0048
s = 0.0422
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0048) – 1
= -82.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0422) – 1
= 18.41%
February 24, 2025 calculations
Top border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 + 2 × s)
= Exp(a + b × 1,762 + 2 × s)
= Exp(11.4541 + -0.0048 × 1,762 + 2 × 0.0422)
= Exp(3.1613)
= $23.60
Bottom border of price channel:
Exp(Y1,211)
= Exp(a + b × X1,211 – 2 × s)
= Exp(a + b × 1,762 – 2 × s)
= Exp(11.4541 + -0.0048 × 1,762 – 2 × 0.0422)
= Exp(2.9923)
= $19.93
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(11.4541 + -0.0048 × 1,825 + 2 × 0.0422)
= Exp(2.8617)
= $17.49
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(11.4541 + -0.0048 × 1,825 – 2 × 0.0422)
= Exp(2.6928)
= $14.77
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.37% per annum.
- SCHL price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $0.28 (1.59%). This indicates a possible reversal in the secondary trend direction.