ELF Beauty Inc (ELF)
elf Beauty, Inc., offers skin care and cosmetic products under the elf, W3LL PEOPLE and Keys Soulcare brand names worldwide. The company is headquartered in Oakland, California.
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 83.91% per annum.
- ELF price at the close of November 20, 2024 was $119.00 and was higher than the top border of the primary price channel by $7.00 (6.25%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 36.54% per annum.
- ELF 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 ELF 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: May 24, 2024
End date: November 6, 2024
a = 13.6639
b = -0.0050
s = 0.0972
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0050) – 1
= -83.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0972) – 1
= 47.54%
May 24, 2024 calculations
Top border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 + 2 × s)
= Exp(a + b × 1,646 + 2 × s)
= Exp(13.6639 + -0.0050 × 1,646 + 2 × 0.0972)
= Exp(5.6195)
= $275.74
Bottom border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 – 2 × s)
= Exp(a + b × 1,646 – 2 × s)
= Exp(13.6639 + -0.0050 × 1,646 – 2 × 0.0972)
= Exp(5.2306)
= $186.90
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(13.6639 + -0.0050 × 1,812 + 2 × 0.0972)
= Exp(4.7886)
= $120.13
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(13.6639 + -0.0050 × 1,812 – 2 × 0.0972)
= Exp(4.3997)
= $81.42
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 83.91% per annum.
- ELF price at the close of November 20, 2024 was $119.00 and was higher than the top border of the primary price channel by $7.00 (6.25%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 9, 2024
End date: November 20, 2024
a = 3.1894
b = 0.0009
s = 0.0574
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0574) – 1
= 25.79%
September 9, 2024 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,754 + 2 × s)
= Exp(3.1894 + 0.0009 × 1,754 + 2 × 0.0574)
= Exp(4.8007)
= $121.59
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,754 – 2 × s)
= Exp(3.1894 + 0.0009 × 1,754 – 2 × 0.0574)
= Exp(4.5712)
= $96.66
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(3.1894 + 0.0009 × 1,826 + 2 × 0.0574)
= Exp(4.8621)
= $129.29
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.1894 + 0.0009 × 1,826 – 2 × 0.0574)
= Exp(4.6326)
= $102.78
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 36.54% per annum.
- ELF price at the close of November 20, 2024 was inside the secondary price channel.