VF Corporation (VFC)
VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Denver, Colorado. The company's more than 30 brands are organized into three categories: Outdoor, Active and Work.
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 46.87% per annum.
- VFC price at the close of July 25, 2024 was $16.07 and was higher than the top border of the primary price channel by $2.69 (20.14%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 29.45% per annum.
- VFC price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $0.70 (4.53%). 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 VFC 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: April 5, 2021
End date: June 10, 2024
a = 5.5310
b = -0.0017
s = 0.1129
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1129) – 1
= 57.11%
April 5, 2021 calculations
Top border of price channel:
Exp(Y425)
= Exp(a + b × X425 + 2 × s)
= Exp(a + b × 619 + 2 × s)
= Exp(5.5310 + -0.0017 × 619 + 2 × 0.1129)
= Exp(4.6845)
= $108.26
Bottom border of price channel:
Exp(Y425)
= Exp(a + b × X425 – 2 × s)
= Exp(a + b × 619 – 2 × s)
= Exp(5.5310 + -0.0017 × 619 – 2 × 0.1129)
= Exp(4.2328)
= $68.91
June 10, 2024 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,781 + 2 × s)
= Exp(5.5310 + -0.0017 × 1,781 + 2 × 0.1129)
= Exp(2.6714)
= $14.46
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,781 – 2 × s)
= Exp(5.5310 + -0.0017 × 1,781 – 2 × 0.1129)
= Exp(2.2197)
= $9.20
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.87% per annum.
- VFC price at the close of July 25, 2024 was $16.07 and was higher than the top border of the primary price channel by $2.69 (20.14%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 7, 2023
End date: July 25, 2024
a = 4.3152
b = -0.0010
s = 0.0814
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0814) – 1
= 38.50%
March 7, 2023 calculations
Top border of price channel:
Exp(Y909)
= Exp(a + b × X909 + 2 × s)
= Exp(a + b × 1,320 + 2 × s)
= Exp(4.3152 + -0.0010 × 1,320 + 2 × 0.0814)
= Exp(3.2163)
= $24.94
Bottom border of price channel:
Exp(Y909)
= Exp(a + b × X909 – 2 × s)
= Exp(a + b × 1,320 – 2 × s)
= Exp(4.3152 + -0.0010 × 1,320 – 2 × 0.0814)
= Exp(2.8906)
= $18.00
July 25, 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(4.3152 + -0.0010 × 1,826 + 2 × 0.0814)
= Exp(2.7327)
= $15.37
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.3152 + -0.0010 × 1,826 – 2 × 0.0814)
= Exp(2.4070)
= $11.10
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 29.45% per annum.
- VFC price at the close of July 25, 2024 was higher than the top border of the secondary price channel by $0.70 (4.53%). This indicates a possible reversal in the secondary trend direction.