Hanesbrands Inc (HBI)
Hanesbrands Inc. is an American multinational clothing company based in Winston-Salem, North Carolina.
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 76.11% per annum.
- HBI price at the close of November 20, 2024 was $8.46 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 236.40% per annum.
- HBI 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 HBI 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: September 22, 2023
End date: November 20, 2024
a = -0.8714
b = 0.0016
s = 0.0881
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 76.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0881) – 1
= 42.24%
September 22, 2023 calculations
Top border of price channel:
Exp(Y964)
= Exp(a + b × X964 + 2 × s)
= Exp(a + b × 1,401 + 2 × s)
= Exp(-0.8714 + 0.0016 × 1,401 + 2 × 0.0881)
= Exp(1.4769)
= $4.38
Bottom border of price channel:
Exp(Y964)
= Exp(a + b × X964 – 2 × s)
= Exp(a + b × 1,401 – 2 × s)
= Exp(-0.8714 + 0.0016 × 1,401 – 2 × 0.0881)
= Exp(1.1246)
= $3.08
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(-0.8714 + 0.0016 × 1,826 + 2 × 0.0881)
= Exp(2.1359)
= $8.46
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.8714 + 0.0016 × 1,826 – 2 × 0.0881)
= Exp(1.7836)
= $5.95
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 76.11% per annum.
- HBI price at the close of November 20, 2024 was $8.46 and was inside the primary price channel.
Secondary Trend
Start date: June 12, 2024
End date: November 20, 2024
a = -3.9698
b = 0.0033
s = 0.0487
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 236.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0487) – 1
= 21.52%
June 12, 2024 calculations
Top border of price channel:
Exp(Y1,145)
= Exp(a + b × X1,145 + 2 × s)
= Exp(a + b × 1,665 + 2 × s)
= Exp(-3.9698 + 0.0033 × 1,665 + 2 × 0.0487)
= Exp(1.6616)
= $5.27
Bottom border of price channel:
Exp(Y1,145)
= Exp(a + b × X1,145 – 2 × s)
= Exp(a + b × 1,665 – 2 × s)
= Exp(-3.9698 + 0.0033 × 1,665 – 2 × 0.0487)
= Exp(1.4666)
= $4.33
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(-3.9698 + 0.0033 × 1,826 + 2 × 0.0487)
= Exp(2.1967)
= $8.99
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-3.9698 + 0.0033 × 1,826 – 2 × 0.0487)
= Exp(2.0017)
= $7.40
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 236.40% per annum.
- HBI price at the close of November 20, 2024 was inside the secondary price channel.