Korn Ferry (KFY)
Korn Ferry, provides organizational consulting services worldwide. The company is headquartered in Los Angeles, California.
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 51.27% per annum.
- KFY price at the close of November 19, 2024 was $75.57 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.30% per annum.
- KFY price at the close of November 19, 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 KFY 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: August 31, 2023
End date: November 19, 2024
a = 2.2851
b = 0.0011
s = 0.0476
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0476) – 1
= 20.96%
August 31, 2023 calculations
Top border of price channel:
Exp(Y950)
= Exp(a + b × X950 + 2 × s)
= Exp(a + b × 1,380 + 2 × s)
= Exp(2.2851 + 0.0011 × 1,380 + 2 × 0.0476)
= Exp(3.9451)
= $51.68
Bottom border of price channel:
Exp(Y950)
= Exp(a + b × X950 – 2 × s)
= Exp(a + b × 1,380 – 2 × s)
= Exp(2.2851 + 0.0011 × 1,380 – 2 × 0.0476)
= Exp(3.7548)
= $42.72
November 19, 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(2.2851 + 0.0011 × 1,826 + 2 × 0.0476)
= Exp(4.4508)
= $85.70
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.2851 + 0.0011 × 1,826 – 2 × 0.0476)
= Exp(4.2605)
= $70.84
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 51.27% per annum.
- KFY price at the close of November 19, 2024 was $75.57 and was inside the primary price channel.
Secondary Trend
Start date: December 11, 2023
End date: November 19, 2024
a = 2.7365
b = 0.0009
s = 0.0323
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0323) – 1
= 13.78%
December 11, 2023 calculations
Top border of price channel:
Exp(Y1,020)
= Exp(a + b × X1,020 + 2 × s)
= Exp(a + b × 1,482 + 2 × s)
= Exp(2.7365 + 0.0009 × 1,482 + 2 × 0.0323)
= Exp(4.0883)
= $59.64
Bottom border of price channel:
Exp(Y1,020)
= Exp(a + b × X1,020 – 2 × s)
= Exp(a + b × 1,482 – 2 × s)
= Exp(2.7365 + 0.0009 × 1,482 – 2 × 0.0323)
= Exp(3.9592)
= $52.42
November 19, 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(2.7365 + 0.0009 × 1,826 + 2 × 0.0323)
= Exp(4.3871)
= $80.40
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.7365 + 0.0009 × 1,826 – 2 × 0.0323)
= Exp(4.2580)
= $70.67
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.30% per annum.
- KFY price at the close of November 19, 2024 was inside the secondary price channel.