Calavo Growers Inc (CVGW)
Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to grocery and foodservice retail customers, club stores, mass merchandisers, food distributors, and wholesale customers globally. The company is headquartered in Santa Paula, California.
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 34.07% per annum.
- CVGW price at the close of November 20, 2024 was $27.09 and was lower than the bottom border of the primary price channel by $59.14 (68.58%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 14.77% per annum.
- CVGW 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 CVGW 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 9, 2021
End date: March 8, 2022
a = 3.0673
b = 0.0008
s = 0.0385
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0385) – 1
= 16.64%
September 9, 2021 calculations
Top border of price channel:
Exp(Y452)
= Exp(a + b × X452 + 2 × s)
= Exp(a + b × 658 + 2 × s)
= Exp(3.0673 + 0.0008 × 658 + 2 × 0.0385)
= Exp(3.6728)
= $39.36
Bottom border of price channel:
Exp(Y452)
= Exp(a + b × X452 – 2 × s)
= Exp(a + b × 658 – 2 × s)
= Exp(3.0673 + 0.0008 × 658 – 2 × 0.0385)
= Exp(3.5188)
= $33.75
March 8, 2022 calculations
Top border of price channel:
Exp(Y576)
= Exp(a + b × X576 + 2 × s)
= Exp(a + b × 838 + 2 × s)
= Exp(3.0673 + 0.0008 × 838 + 2 × 0.0385)
= Exp(3.8173)
= $45.48
Bottom border of price channel:
Exp(Y576)
= Exp(a + b × X576 – 2 × s)
= Exp(a + b × 838 – 2 × s)
= Exp(3.0673 + 0.0008 × 838 – 2 × 0.0385)
= Exp(3.6634)
= $38.99
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 34.07% per annum.
- CVGW price at the close of November 20, 2024 was $27.09 and was lower than the bottom border of the primary price channel by $59.14 (68.58%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 9, 2021
End date: November 20, 2024
a = 3.9759
b = -0.0004
s = 0.1065
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -14.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1065) – 1
= 53.11%
September 9, 2021 calculations
Top border of price channel:
Exp(Y452)
= Exp(a + b × X452 + 2 × s)
= Exp(a + b × 658 + 2 × s)
= Exp(3.9759 + -0.0004 × 658 + 2 × 0.1065)
= Exp(3.9008)
= $49.44
Bottom border of price channel:
Exp(Y452)
= Exp(a + b × X452 – 2 × s)
= Exp(a + b × 658 – 2 × s)
= Exp(3.9759 + -0.0004 × 658 – 2 × 0.1065)
= Exp(3.4749)
= $32.29
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(3.9759 + -0.0004 × 1,826 + 2 × 0.1065)
= Exp(3.3895)
= $29.65
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.9759 + -0.0004 × 1,826 – 2 × 0.1065)
= Exp(2.9635)
= $19.37
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 14.77% per annum.
- CVGW price at the close of November 20, 2024 was inside the secondary price channel.