Carter’s Inc (CRI)
Carter's, Inc. designs, supplies, and markets branded children's clothing under the brands Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's little baby basics, and other brands in the United States and internationally. The company is headquartered in Atlanta, Georgia.
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 46.83% per annum.
- CRI price at the close of November 20, 2024 was $50.97 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.47% per annum.
- CRI price at the close of November 20, 2024 was lower than the bottom border of the secondary price channel by $5.77 (10.16%).
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 CRI 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: January 26, 2024
End date: August 13, 2024
a = 7.0574
b = -0.0017
s = 0.0467
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.83%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0467) – 1
= 20.52%
January 26, 2024 calculations
Top border of price channel:
Exp(Y1,050)
= Exp(a + b × X1,050 + 2 × s)
= Exp(a + b × 1,527 + 2 × s)
= Exp(7.0574 + -0.0017 × 1,527 + 2 × 0.0467)
= Exp(4.5077)
= $90.72
Bottom border of price channel:
Exp(Y1,050)
= Exp(a + b × X1,050 – 2 × s)
= Exp(a + b × 1,527 – 2 × s)
= Exp(7.0574 + -0.0017 × 1,527 – 2 × 0.0467)
= Exp(4.3211)
= $75.27
August 13, 2024 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,727 + 2 × s)
= Exp(7.0574 + -0.0017 × 1,727 + 2 × 0.0467)
= Exp(4.1616)
= $64.17
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,727 – 2 × s)
= Exp(7.0574 + -0.0017 × 1,727 – 2 × 0.0467)
= Exp(3.9749)
= $53.24
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.83% per annum.
- CRI price at the close of November 20, 2024 was $50.97 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: October 24, 2024
a = 4.5883
b = -0.0002
s = 0.0535
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0535) – 1
= 23.85%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,101)
= Exp(a + b × X1,101 + 2 × s)
= Exp(a + b × 1,602 + 2 × s)
= Exp(4.5883 + -0.0002 × 1,602 + 2 × 0.0535)
= Exp(4.3067)
= $74.19
Bottom border of price channel:
Exp(Y1,101)
= Exp(a + b × X1,101 – 2 × s)
= Exp(a + b × 1,602 – 2 × s)
= Exp(4.5883 + -0.0002 × 1,602 – 2 × 0.0535)
= Exp(4.0928)
= $59.90
October 24, 2024 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(4.5883 + -0.0002 × 1,799 + 2 × 0.0535)
= Exp(4.2589)
= $70.73
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(4.5883 + -0.0002 × 1,799 – 2 × 0.0535)
= Exp(4.0450)
= $57.11
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.47% per annum.
- CRI price at the close of November 20, 2024 was lower than the bottom border of the secondary price channel by $5.77 (10.16%).