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 64.76% per annum.
- BERY price at the close of March 31, 2025 was $69.81 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.44% per annum.
- BERY price at the close of March 31, 2025 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 10, 2024
End date: March 20, 2025
a = 1.8187
b = 0.0014
s = 0.0403
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 64.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0403) – 1
= 17.49%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,012)
= Exp(a + b × X1,012 + 2 × s)
= Exp(a + b × 1,470 + 2 × s)
= Exp(1.8187 + 0.0014 × 1,470 + 2 × 0.0403)
= Exp(3.9102)
= $49.91
Bottom border of price channel:
Exp(Y1,012)
= Exp(a + b × X1,012 – 2 × s)
= Exp(a + b × 1,470 – 2 × s)
= Exp(1.8187 + 0.0014 × 1,470 – 2 × 0.0403)
= Exp(3.7491)
= $42.48
March 20, 2025 calculations
Top border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 + 2 × s)
= Exp(a + b × 1,814 + 2 × s)
= Exp(1.8187 + 0.0014 × 1,814 + 2 × 0.0403)
= Exp(4.3808)
= $79.90
Bottom border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 – 2 × s)
= Exp(a + b × 1,814 – 2 × s)
= Exp(1.8187 + 0.0014 × 1,814 – 2 × 0.0403)
= Exp(4.2196)
= $68.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 64.76% per annum.
- BERY price at the close of March 31, 2025 was $69.81 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: March 31, 2025
a = 3.5380
b = 0.0004
s = 0.0320
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0320) – 1
= 13.64%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 + 2 × s)
= Exp(a + b × 1,680 + 2 × s)
= Exp(3.5380 + 0.0004 × 1,680 + 2 × 0.0320)
= Exp(4.2629)
= $71.01
Bottom border of price channel:
Exp(Y1,158)
= Exp(a + b × X1,158 – 2 × s)
= Exp(a + b × 1,680 – 2 × s)
= Exp(3.5380 + 0.0004 × 1,680 – 2 × 0.0320)
= Exp(4.1350)
= $62.49
March 31, 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(3.5380 + 0.0004 × 1,825 + 2 × 0.0320)
= Exp(4.3199)
= $75.18
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.5380 + 0.0004 × 1,825 – 2 × 0.0320)
= Exp(4.1921)
= $66.16
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.44% per annum.
- BERY price at the close of March 31, 2025 was inside the secondary price channel.