Floor & Decor Holdings Inc (FND)
Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories. 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 18.67% per annum.
- FND price at the close of November 20, 2024 was $103.48 and was higher than the top border of the primary price channel by $31.12 (43.00%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.21% per annum.
- FND 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 FND 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: December 8, 2020
End date: January 30, 2023
a = 4.9902
b = -0.0006
s = 0.1627
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1627) – 1
= 91.70%
December 8, 2020 calculations
Top border of price channel:
Exp(Y263)
= Exp(a + b × X263 + 2 × s)
= Exp(a + b × 383 + 2 × s)
= Exp(4.9902 + -0.0006 × 383 + 2 × 0.1627)
= Exp(5.0987)
= $163.81
Bottom border of price channel:
Exp(Y263)
= Exp(a + b × X263 – 2 × s)
= Exp(a + b × 383 – 2 × s)
= Exp(4.9902 + -0.0006 × 383 – 2 × 0.1627)
= Exp(4.4479)
= $85.45
January 30, 2023 calculations
Top border of price channel:
Exp(Y801)
= Exp(a + b × X801 + 2 × s)
= Exp(a + b × 1,166 + 2 × s)
= Exp(4.9902 + -0.0006 × 1,166 + 2 × 0.1627)
= Exp(4.6554)
= $105.15
Bottom border of price channel:
Exp(Y801)
= Exp(a + b × X801 – 2 × s)
= Exp(a + b × 1,166 – 2 × s)
= Exp(4.9902 + -0.0006 × 1,166 – 2 × 0.1627)
= Exp(4.0046)
= $54.85
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.67% per annum.
- FND price at the close of November 20, 2024 was $103.48 and was higher than the top border of the primary price channel by $31.12 (43.00%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 31, 2022
End date: November 20, 2024
a = 3.8887
b = 0.0005
s = 0.1076
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 19.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1076) – 1
= 53.78%
March 31, 2022 calculations
Top border of price channel:
Exp(Y593)
= Exp(a + b × X593 + 2 × s)
= Exp(a + b × 861 + 2 × s)
= Exp(3.8887 + 0.0005 × 861 + 2 × 0.1076)
= Exp(4.5184)
= $91.69
Bottom border of price channel:
Exp(Y593)
= Exp(a + b × X593 – 2 × s)
= Exp(a + b × 861 – 2 × s)
= Exp(3.8887 + 0.0005 × 861 – 2 × 0.1076)
= Exp(4.0881)
= $59.62
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(3.8887 + 0.0005 × 1,826 + 2 × 0.1076)
= Exp(4.9831)
= $145.92
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.8887 + 0.0005 × 1,826 – 2 × 0.1076)
= Exp(4.5527)
= $94.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 19.21% per annum.
- FND price at the close of November 20, 2024 was inside the secondary price channel.