Frontdoor Inc (FTDR)
front door, inc. The company is headquartered in Memphis, Tennessee.
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 34.52% per annum.
- FTDR price at the close of November 20, 2024 was $56.32 and was higher than the top border of the primary price channel by $0.39 (0.69%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 157.68% per annum.
- FTDR price at the close of November 20, 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 FTDR 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, 2022
End date: November 20, 2024
a = 2.3170
b = 0.0008
s = 0.1118
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.52%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1118) – 1
= 56.38%
May 24, 2022 calculations
Top border of price channel:
Exp(Y630)
= Exp(a + b × X630 + 2 × s)
= Exp(a + b × 915 + 2 × s)
= Exp(2.3170 + 0.0008 × 915 + 2 × 0.1118)
= Exp(3.2840)
= $26.68
Bottom border of price channel:
Exp(Y630)
= Exp(a + b × X630 – 2 × s)
= Exp(a + b × 915 – 2 × s)
= Exp(2.3170 + 0.0008 × 915 – 2 × 0.1118)
= Exp(2.8369)
= $17.06
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(2.3170 + 0.0008 × 1,826 + 2 × 0.1118)
= Exp(4.0241)
= $55.93
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3170 + 0.0008 × 1,826 – 2 × 0.1118)
= Exp(3.5770)
= $35.77
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 34.52% per annum.
- FTDR price at the close of November 20, 2024 was $56.32 and was higher than the top border of the primary price channel by $0.39 (0.69%).
Secondary Trend
Start date: March 14, 2024
End date: November 20, 2024
a = -0.7207
b = 0.0026
s = 0.0613
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 157.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0613) – 1
= 27.76%
March 14, 2024 calculations
Top border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 + 2 × s)
= Exp(a + b × 1,575 + 2 × s)
= Exp(-0.7207 + 0.0026 × 1,575 + 2 × 0.0613)
= Exp(3.4863)
= $32.66
Bottom border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 – 2 × s)
= Exp(a + b × 1,575 – 2 × s)
= Exp(-0.7207 + 0.0026 × 1,575 – 2 × 0.0613)
= Exp(3.2412)
= $25.57
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(-0.7207 + 0.0026 × 1,826 + 2 × 0.0613)
= Exp(4.1372)
= $62.63
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.7207 + 0.0026 × 1,826 – 2 × 0.0613)
= Exp(3.8922)
= $49.02
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 157.68% per annum.
- FTDR price at the close of November 20, 2024 was inside the secondary price channel.