Berry Global Group Inc (BERY)
Berry Global Group, Inc. manufactures and supplies rigid, flexible, and nonwoven products to consumer and industrial end markets. The company is headquartered in Evansville, Indiana.
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 49.38% per annum.
- BERY price at the close of November 20, 2024 was $69.00 and was higher than the top border of the primary price channel by $5.85 (9.26%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 415.13% per annum.
- BERY price at the close of November 20, 2024 was inside the secondary price channel.
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 BERY 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 12, 2024
End date: November 4, 2024
a = 2.0929
b = 0.0011
s = 0.0225
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 49.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0225) – 1
= 9.42%
April 12, 2024 calculations
Top border of price channel:
Exp(Y1,103)
= Exp(a + b × X1,103 + 2 × s)
= Exp(a + b × 1,604 + 2 × s)
= Exp(2.0929 + 0.0011 × 1,604 + 2 × 0.0225)
= Exp(3.9014)
= $49.47
Bottom border of price channel:
Exp(Y1,103)
= Exp(a + b × X1,103 – 2 × s)
= Exp(a + b × 1,604 – 2 × s)
= Exp(2.0929 + 0.0011 × 1,604 – 2 × 0.0225)
= Exp(3.8114)
= $45.21
November 4, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,810 + 2 × s)
= Exp(2.0929 + 0.0011 × 1,810 + 2 × 0.0225)
= Exp(4.1279)
= $62.05
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,810 – 2 × s)
= Exp(2.0929 + 0.0011 × 1,810 – 2 × 0.0225)
= Exp(4.0379)
= $56.71
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 49.38% per annum.
- BERY price at the close of November 20, 2024 was $69.00 and was higher than the top border of the primary price channel by $5.85 (9.26%).
Secondary Trend
Start date: October 2, 2024
End date: November 20, 2024
a = -3.9832
b = 0.0045
s = 0.0318
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0045) – 1
= 415.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0318) – 1
= 13.55%
October 2, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,777 + 2 × s)
= Exp(-3.9832 + 0.0045 × 1,777 + 2 × 0.0318)
= Exp(4.0610)
= $58.03
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,777 – 2 × s)
= Exp(-3.9832 + 0.0045 × 1,777 – 2 × 0.0318)
= Exp(3.9339)
= $51.11
November 20, 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(-3.9832 + 0.0045 × 1,826 + 2 × 0.0318)
= Exp(4.2810)
= $72.32
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-3.9832 + 0.0045 × 1,826 – 2 × 0.0318)
= Exp(4.1540)
= $63.69
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 415.13% per annum.
- BERY price at the close of November 20, 2024 was inside the secondary price channel.