Hasbro Inc (HAS)
Hasbro, Inc. is an American multinational conglomerate with toy, board game, and media assets, headquartered in Pawtucket, Rhode Island.
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 65.69% per annum.
- HAS price at the close of March 31, 2025 was $61.49 and was lower than the bottom border of the primary price channel by $18.40 (23.04%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.33% per annum.
- HAS price at the close of March 31, 2025 was higher than the top border of the secondary price channel by $2.04 (3.44%). This indicates a possible reversal in the secondary trend direction.
- 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 HAS 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: October 23, 2023
End date: October 23, 2024
a = 1.9465
b = 0.0014
s = 0.0453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 65.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0453) – 1
= 19.85%
October 23, 2023 calculations
Top border of price channel:
Exp(Y896)
= Exp(a + b × X896 + 2 × s)
= Exp(a + b × 1,300 + 2 × s)
= Exp(1.9465 + 0.0014 × 1,300 + 2 × 0.0453)
= Exp(3.8354)
= $46.31
Bottom border of price channel:
Exp(Y896)
= Exp(a + b × X896 – 2 × s)
= Exp(a + b × 1,300 – 2 × s)
= Exp(1.9465 + 0.0014 × 1,300 – 2 × 0.0453)
= Exp(3.6544)
= $38.64
October 23, 2024 calculations
Top border of price channel:
Exp(Y1,148)
= Exp(a + b × X1,148 + 2 × s)
= Exp(a + b × 1,666 + 2 × s)
= Exp(1.9465 + 0.0014 × 1,666 + 2 × 0.0453)
= Exp(4.3418)
= $76.84
Bottom border of price channel:
Exp(Y1,148)
= Exp(a + b × X1,148 – 2 × s)
= Exp(a + b × 1,666 – 2 × s)
= Exp(1.9465 + 0.0014 × 1,666 – 2 × 0.0453)
= Exp(4.1607)
= $64.12
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 65.69% per annum.
- HAS price at the close of March 31, 2025 was $61.49 and was lower than the bottom border of the primary price channel by $18.40 (23.04%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 15, 2024
End date: February 19, 2025
a = 6.0907
b = -0.0012
s = 0.0486
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.33%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0486) – 1
= 21.45%
August 15, 2024 calculations
Top border of price channel:
Exp(Y1,100)
= Exp(a + b × X1,100 + 2 × s)
= Exp(a + b × 1,597 + 2 × s)
= Exp(6.0907 + -0.0012 × 1,597 + 2 × 0.0486)
= Exp(4.3478)
= $77.31
Bottom border of price channel:
Exp(Y1,100)
= Exp(a + b × X1,100 – 2 × s)
= Exp(a + b × 1,597 – 2 × s)
= Exp(6.0907 + -0.0012 × 1,597 – 2 × 0.0486)
= Exp(4.1534)
= $63.65
February 19, 2025 calculations
Top border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 + 2 × s)
= Exp(a + b × 1,785 + 2 × s)
= Exp(6.0907 + -0.0012 × 1,785 + 2 × 0.0486)
= Exp(4.1312)
= $62.25
Bottom border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 – 2 × s)
= Exp(a + b × 1,785 – 2 × s)
= Exp(6.0907 + -0.0012 × 1,785 – 2 × 0.0486)
= Exp(3.9368)
= $51.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 34.33% per annum.
- HAS price at the close of March 31, 2025 was higher than the top border of the secondary price channel by $2.04 (3.44%). This indicates a possible reversal in the secondary trend direction.