Kraft Heinz Co (KHC)
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz, is an American food company formed by the merger of Kraft Foods and Heinz, co-headquartered in Chicago, Illinois, and Pittsburgh, Pennsylvania.
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 0.47% per annum.
- KHC price at the close of January 31, 2025 was $29.84 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 40.44% per annum.
- KHC price at the close of January 31, 2025 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 KHC 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: March 8, 2021
End date: January 31, 2025
a = 3.5304
b = 0.0000
s = 0.0648
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0648) – 1
= 29.61%
March 8, 2021 calculations
Top border of price channel:
Exp(Y275)
= Exp(a + b × X275 + 2 × s)
= Exp(a + b × 399 + 2 × s)
= Exp(3.5304 + 0.0000 × 399 + 2 × 0.0648)
= Exp(3.6550)
= $38.67
Bottom border of price channel:
Exp(Y275)
= Exp(a + b × X275 – 2 × s)
= Exp(a + b × 399 – 2 × s)
= Exp(3.5304 + 0.0000 × 399 – 2 × 0.0648)
= Exp(3.3956)
= $29.83
January 31, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.5304 + 0.0000 × 1,824 + 2 × 0.0648)
= Exp(3.6368)
= $37.97
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.5304 + 0.0000 × 1,824 – 2 × 0.0648)
= Exp(3.3774)
= $29.29
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 0.47% per annum.
- KHC price at the close of January 31, 2025 was $29.84 and was inside the primary price channel.
Secondary Trend
Start date: August 30, 2024
End date: January 31, 2025
a = 5.9554
b = -0.0014
s = 0.0241
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -40.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0241) – 1
= 10.12%
August 30, 2024 calculations
Top border of price channel:
Exp(Y1,152)
= Exp(a + b × X1,152 + 2 × s)
= Exp(a + b × 1,670 + 2 × s)
= Exp(5.9554 + -0.0014 × 1,670 + 2 × 0.0241)
= Exp(3.6328)
= $37.82
Bottom border of price channel:
Exp(Y1,152)
= Exp(a + b × X1,152 – 2 × s)
= Exp(a + b × 1,670 – 2 × s)
= Exp(5.9554 + -0.0014 × 1,670 – 2 × 0.0241)
= Exp(3.5363)
= $34.34
January 31, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.9554 + -0.0014 × 1,824 + 2 × 0.0241)
= Exp(3.4142)
= $30.39
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.9554 + -0.0014 × 1,824 – 2 × 0.0241)
= Exp(3.3177)
= $27.60
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 40.44% per annum.
- KHC price at the close of January 31, 2025 was inside the secondary price channel.