Coca-Cola Consolidated Inc. (COKE)
Coca-Cola Consolidated, Inc. produces, markets and distributes non-alcoholic beverages primarily products of The Coca-Cola Company in the United States. The company is headquartered in Charlotte, North Carolina.
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 69.24% per annum.
- COKE price at the close of November 20, 2024 was $1,237.96 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.83% per annum.
- COKE price at the close of November 20, 2024 was inside the secondary price channel.
- 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 COKE 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: September 13, 2022
End date: November 20, 2024
a = 4.5262
b = 0.0014
s = 0.0756
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 69.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0756) – 1
= 35.29%
September 13, 2022 calculations
Top border of price channel:
Exp(Y706)
= Exp(a + b × X706 + 2 × s)
= Exp(a + b × 1,027 + 2 × s)
= Exp(4.5262 + 0.0014 × 1,027 + 2 × 0.0756)
= Exp(6.1576)
= $472.31
Bottom border of price channel:
Exp(Y706)
= Exp(a + b × X706 – 2 × s)
= Exp(a + b × 1,027 – 2 × s)
= Exp(4.5262 + 0.0014 × 1,027 – 2 × 0.0756)
= Exp(5.8554)
= $349.11
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(4.5262 + 0.0014 × 1,826 + 2 × 0.0756)
= Exp(7.3093)
= $1,494.20
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.5262 + 0.0014 × 1,826 – 2 × 0.0756)
= Exp(7.0071)
= $1,104.42
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 69.24% per annum.
- COKE price at the close of November 20, 2024 was $1,237.96 and was inside the primary price channel.
Secondary Trend
Start date: August 21, 2024
End date: November 20, 2024
a = 9.3873
b = -0.0013
s = 0.0261
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.83%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0261) – 1
= 11.02%
August 21, 2024 calculations
Top border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 + 2 × s)
= Exp(a + b × 1,735 + 2 × s)
= Exp(9.3873 + -0.0013 × 1,735 + 2 × 0.0261)
= Exp(7.2559)
= $1,416.45
Bottom border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 – 2 × s)
= Exp(a + b × 1,735 – 2 × s)
= Exp(9.3873 + -0.0013 × 1,735 – 2 × 0.0261)
= Exp(7.1514)
= $1,275.89
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(9.3873 + -0.0013 × 1,826 + 2 × 0.0261)
= Exp(7.1414)
= $1,263.17
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(9.3873 + -0.0013 × 1,826 – 2 × 0.0261)
= Exp(7.0369)
= $1,137.82
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.83% per annum.
- COKE price at the close of November 20, 2024 was inside the secondary price channel.