Energizer Holdings Inc (ENR)
Energizer Holdings, Inc., manufactures, markets and distributes household batteries, specialty batteries and lighting products worldwide. The company is headquartered in St. Louis, Missouri.
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 27.24% per annum.
- ENR price at the close of November 20, 2024 was $37.66 and was higher than the top border of the primary price channel by $3.19 (9.24%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 136.96% per annum.
- ENR price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $1.94 (5.43%).
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 ENR 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 26, 2024
End date: November 18, 2024
a = 2.2717
b = 0.0007
s = 0.0317
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0317) – 1
= 13.53%
February 26, 2024 calculations
Top border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 + 2 × s)
= Exp(a + b × 1,558 + 2 × s)
= Exp(2.2717 + 0.0007 × 1,558 + 2 × 0.0317)
= Exp(3.3634)
= $28.89
Bottom border of price channel:
Exp(Y1,070)
= Exp(a + b × X1,070 – 2 × s)
= Exp(a + b × 1,558 – 2 × s)
= Exp(2.2717 + 0.0007 × 1,558 – 2 × 0.0317)
= Exp(3.2365)
= $25.44
November 18, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.2717 + 0.0007 × 1,824 + 2 × 0.0317)
= Exp(3.5389)
= $34.43
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.2717 + 0.0007 × 1,824 – 2 × 0.0317)
= Exp(3.4120)
= $30.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 27.24% per annum.
- ENR price at the close of November 20, 2024 was $37.66 and was higher than the top border of the primary price channel by $3.19 (9.24%).
Secondary Trend
Start date: September 9, 2024
End date: November 18, 2024
a = -0.7750
b = 0.0024
s = 0.0174
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 136.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0174) – 1
= 7.20%
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(-0.7750 + 0.0024 × 1,754 + 2 × 0.0174)
= Exp(3.4056)
= $30.13
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,754 – 2 × s)
= Exp(-0.7750 + 0.0024 × 1,754 – 2 × 0.0174)
= Exp(3.3361)
= $28.11
November 18, 2024 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-0.7750 + 0.0024 × 1,824 + 2 × 0.0174)
= Exp(3.5710)
= $35.55
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.7750 + 0.0024 × 1,824 – 2 × 0.0174)
= Exp(3.5015)
= $33.17
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 136.96% per annum.
- ENR price at the close of November 20, 2024 was higher than the top border of the secondary price channel by $1.94 (5.43%).