Kenvue Inc. (KVUE)
Kenvue Inc. is a consumer health company globally.
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 100.11% per annum.
- KVUE price at the close of December 2, 2024 was $24.26 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 36.44% per annum.
- KVUE price at the close of December 2, 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 KVUE 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: June 5, 2024
End date: December 2, 2024
a = 2.1091
b = 0.0019
s = 0.0476
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 100.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0476) – 1
= 20.99%
June 5, 2024 calculations
Top border of price channel:
Exp(Y273)
= Exp(a + b × X273 + 2 × s)
= Exp(a + b × 398 + 2 × s)
= Exp(2.1091 + 0.0019 × 398 + 2 × 0.0476)
= Exp(2.9608)
= $19.31
Bottom border of price channel:
Exp(Y273)
= Exp(a + b × X273 – 2 × s)
= Exp(a + b × 398 – 2 × s)
= Exp(2.1091 + 0.0019 × 398 – 2 × 0.0476)
= Exp(2.7703)
= $15.96
December 2, 2024 calculations
Top border of price channel:
Exp(Y397)
= Exp(a + b × X397 + 2 × s)
= Exp(a + b × 578 + 2 × s)
= Exp(2.1091 + 0.0019 × 578 + 2 × 0.0476)
= Exp(3.3029)
= $27.19
Bottom border of price channel:
Exp(Y397)
= Exp(a + b × X397 – 2 × s)
= Exp(a + b × 578 – 2 × s)
= Exp(2.1091 + 0.0019 × 578 – 2 × 0.0476)
= Exp(3.1124)
= $22.47
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 100.11% per annum.
- KVUE price at the close of December 2, 2024 was $24.26 and was inside the primary price channel.
Secondary Trend
Start date: August 13, 2024
End date: December 2, 2024
a = 2.6708
b = 0.0009
s = 0.0291
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0291) – 1
= 12.34%
August 13, 2024 calculations
Top border of price channel:
Exp(Y320)
= Exp(a + b × X320 + 2 × s)
= Exp(a + b × 467 + 2 × s)
= Exp(2.6708 + 0.0009 × 467 + 2 × 0.0291)
= Exp(3.1266)
= $22.80
Bottom border of price channel:
Exp(Y320)
= Exp(a + b × X320 – 2 × s)
= Exp(a + b × 467 – 2 × s)
= Exp(2.6708 + 0.0009 × 467 – 2 × 0.0291)
= Exp(3.0102)
= $20.29
December 2, 2024 calculations
Top border of price channel:
Exp(Y397)
= Exp(a + b × X397 + 2 × s)
= Exp(a + b × 578 + 2 × s)
= Exp(2.6708 + 0.0009 × 578 + 2 × 0.0291)
= Exp(3.2211)
= $25.06
Bottom border of price channel:
Exp(Y397)
= Exp(a + b × X397 – 2 × s)
= Exp(a + b × 578 – 2 × s)
= Exp(2.6708 + 0.0009 × 578 – 2 × 0.0291)
= Exp(3.1047)
= $22.30
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 36.44% per annum.
- KVUE price at the close of December 2, 2024 was inside the secondary price channel.