Chewy Inc (CHWY)
Chewy, Inc., is dedicated to the pure business of e-commerce in the United States. The company is headquartered in Dania Beach, Florida.
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 158.83% per annum.
- CHWY price at the close of February 4, 2025 was $38.62 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.67% per annum.
- CHWY price at the close of February 4, 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 CHWY 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 5, 2024
End date: February 4, 2025
a = -1.0857
b = 0.0026
s = 0.1021
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 158.83%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1021) – 1
= 50.43%
February 5, 2024 calculations
Top border of price channel:
Exp(Y1,006)
= Exp(a + b × X1,006 + 2 × s)
= Exp(a + b × 1,461 + 2 × s)
= Exp(-1.0857 + 0.0026 × 1,461 + 2 × 0.1021)
= Exp(2.9251)
= $18.64
Bottom border of price channel:
Exp(Y1,006)
= Exp(a + b × X1,006 – 2 × s)
= Exp(a + b × 1,461 – 2 × s)
= Exp(-1.0857 + 0.0026 × 1,461 – 2 × 0.1021)
= Exp(2.5168)
= $12.39
February 4, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-1.0857 + 0.0026 × 1,826 + 2 × 0.1021)
= Exp(3.8761)
= $48.24
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.0857 + 0.0026 × 1,826 – 2 × 0.1021)
= Exp(3.4678)
= $32.07
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 158.83% per annum.
- CHWY price at the close of February 4, 2025 was $38.62 and was inside the primary price channel.
Secondary Trend
Start date: June 3, 2024
End date: February 4, 2025
a = 0.0579
b = 0.0019
s = 0.0673
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 103.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0673) – 1
= 30.88%
June 3, 2024 calculations
Top border of price channel:
Exp(Y1,088)
= Exp(a + b × X1,088 + 2 × s)
= Exp(a + b × 1,580 + 2 × s)
= Exp(0.0579 + 0.0019 × 1,580 + 2 × 0.0673)
= Exp(3.2717)
= $26.36
Bottom border of price channel:
Exp(Y1,088)
= Exp(a + b × X1,088 – 2 × s)
= Exp(a + b × 1,580 – 2 × s)
= Exp(0.0579 + 0.0019 × 1,580 – 2 × 0.0673)
= Exp(3.0026)
= $20.14
February 4, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.0579 + 0.0019 × 1,826 + 2 × 0.0673)
= Exp(3.7511)
= $42.57
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.0579 + 0.0019 × 1,826 – 2 × 0.0673)
= Exp(3.4820)
= $32.52
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 103.67% per annum.
- CHWY price at the close of February 4, 2025 was inside the secondary price channel.