Interface Inc (TILE)
Interface, Inc., a modular flooring company, designs, produces and sells modular carpet products primarily in the Americas, Europe, and Asia-Pacific. The company is headquartered in Atlanta, Georgia.
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 94.03% per annum.
- TILE price at the close of July 26, 2024 was $17.40 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 7.41% per annum.
- TILE price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.33 (1.94%). 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 TILE 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: March 13, 2023
End date: July 26, 2024
a = -0.4555
b = 0.0018
s = 0.0881
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 94.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0881) – 1
= 42.25%
March 13, 2023 calculations
Top border of price channel:
Exp(Y912)
= Exp(a + b × X912 + 2 × s)
= Exp(a + b × 1,323 + 2 × s)
= Exp(-0.4555 + 0.0018 × 1,323 + 2 × 0.0881)
= Exp(2.1233)
= $8.36
Bottom border of price channel:
Exp(Y912)
= Exp(a + b × X912 – 2 × s)
= Exp(a + b × 1,323 – 2 × s)
= Exp(-0.4555 + 0.0018 × 1,323 – 2 × 0.0881)
= Exp(1.7709)
= $5.88
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(-0.4555 + 0.0018 × 1,824 + 2 × 0.0881)
= Exp(3.0331)
= $20.76
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.4555 + 0.0018 × 1,824 – 2 × 0.0881)
= Exp(2.6807)
= $14.60
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 94.03% per annum.
- TILE price at the close of July 26, 2024 was $17.40 and was inside the primary price channel.
Secondary Trend
Start date: February 27, 2024
End date: July 26, 2024
a = 3.1190
b = -0.0002
s = 0.0515
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0515) – 1
= 22.89%
February 27, 2024 calculations
Top border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 + 2 × s)
= Exp(a + b × 1,674 + 2 × s)
= Exp(3.1190 + -0.0002 × 1,674 + 2 × 0.0515)
= Exp(2.8689)
= $17.62
Bottom border of price channel:
Exp(Y1,153)
= Exp(a + b × X1,153 – 2 × s)
= Exp(a + b × 1,674 – 2 × s)
= Exp(3.1190 + -0.0002 × 1,674 – 2 × 0.0515)
= Exp(2.6627)
= $14.34
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(3.1190 + -0.0002 × 1,824 + 2 × 0.0515)
= Exp(2.8372)
= $17.07
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.1190 + -0.0002 × 1,824 – 2 × 0.0515)
= Exp(2.6311)
= $13.89
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 7.41% per annum.
- TILE price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.33 (1.94%). This indicates a possible reversal in the secondary trend direction.