Foot Locker Inc (FL)
Foot Locker, Inc., is a sports shoe and apparel retailer. The company is headquartered in New York, New York.
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 39.49% per annum.
- FL price at the close of December 2, 2024 was $25.14 and was higher than the top border of the primary price channel by $13.95 (124.57%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.13% per annum.
- FL price at the close of December 2, 2024 was inside the secondary price channel.
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 FL 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 11, 2021
End date: August 18, 2022
a = 4.6376
b = -0.0014
s = 0.1453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1453) – 1
= 78.84%
January 11, 2021 calculations
Top border of price channel:
Exp(Y278)
= Exp(a + b × X278 + 2 × s)
= Exp(a + b × 405 + 2 × s)
= Exp(4.6376 + -0.0014 × 405 + 2 × 0.1453)
= Exp(4.3709)
= $79.11
Bottom border of price channel:
Exp(Y278)
= Exp(a + b × X278 – 2 × s)
= Exp(a + b × 405 – 2 × s)
= Exp(4.6376 + -0.0014 × 405 – 2 × 0.1453)
= Exp(3.7896)
= $44.24
August 18, 2022 calculations
Top border of price channel:
Exp(Y682)
= Exp(a + b × X682 + 2 × s)
= Exp(a + b × 989 + 2 × s)
= Exp(4.6376 + -0.0014 × 989 + 2 × 0.1453)
= Exp(3.5673)
= $35.42
Bottom border of price channel:
Exp(Y682)
= Exp(a + b × X682 – 2 × s)
= Exp(a + b × 989 – 2 × s)
= Exp(4.6376 + -0.0014 × 989 – 2 × 0.1453)
= Exp(2.9859)
= $19.81
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 39.49% per annum.
- FL price at the close of December 2, 2024 was $25.14 and was higher than the top border of the primary price channel by $13.95 (124.57%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 11, 2021
End date: December 2, 2024
a = 4.0874
b = -0.0005
s = 0.1996
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -18.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1996) – 1
= 122.24%
January 11, 2021 calculations
Top border of price channel:
Exp(Y278)
= Exp(a + b × X278 + 2 × s)
= Exp(a + b × 405 + 2 × s)
= Exp(4.0874 + -0.0005 × 405 + 2 × 0.1996)
= Exp(4.2646)
= $71.14
Bottom border of price channel:
Exp(Y278)
= Exp(a + b × X278 – 2 × s)
= Exp(a + b × 405 – 2 × s)
= Exp(4.0874 + -0.0005 × 405 – 2 × 0.1996)
= Exp(3.4660)
= $32.01
December 2, 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(4.0874 + -0.0005 × 1,826 + 2 × 0.1996)
= Exp(3.4856)
= $32.64
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0874 + -0.0005 × 1,826 – 2 × 0.1996)
= Exp(2.6871)
= $14.69
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.13% per annum.
- FL price at the close of December 2, 2024 was inside the secondary price channel.