Performance Food Group Co (PFGC)
Performance Food Group Company, markets and distributes food and food-related products in the United States. The company is headquartered in Richmond, Virginia.
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 129.23% per annum.
- PFGC price at the close of December 2, 2024 was $88.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 99.25% per annum.
- PFGC 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 PFGC 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: July 1, 2024
End date: December 2, 2024
a = 0.3439
b = 0.0023
s = 0.0279
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 129.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0279) – 1
= 11.78%
July 1, 2024 calculations
Top border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 + 2 × s)
= Exp(a + b × 1,672 + 2 × s)
= Exp(0.3439 + 0.0023 × 1,672 + 2 × 0.0279)
= Exp(4.1997)
= $66.67
Bottom border of price channel:
Exp(Y1,150)
= Exp(a + b × X1,150 – 2 × s)
= Exp(a + b × 1,672 – 2 × s)
= Exp(0.3439 + 0.0023 × 1,672 – 2 × 0.0279)
= Exp(4.0883)
= $59.64
December 2, 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(0.3439 + 0.0023 × 1,826 + 2 × 0.0279)
= Exp(4.5497)
= $94.60
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.3439 + 0.0023 × 1,826 – 2 × 0.0279)
= Exp(4.4383)
= $84.63
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 129.23% per annum.
- PFGC price at the close of December 2, 2024 was $88.27 and was inside the primary price channel.
Secondary Trend
Start date: August 14, 2024
End date: December 2, 2024
a = 1.0298
b = 0.0019
s = 0.0214
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 99.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0214) – 1
= 8.93%
August 14, 2024 calculations
Top border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 + 2 × s)
= Exp(a + b × 1,716 + 2 × s)
= Exp(1.0298 + 0.0019 × 1,716 + 2 × 0.0214)
= Exp(4.3137)
= $74.72
Bottom border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 – 2 × s)
= Exp(a + b × 1,716 – 2 × s)
= Exp(1.0298 + 0.0019 × 1,716 – 2 × 0.0214)
= Exp(4.2282)
= $68.59
December 2, 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(1.0298 + 0.0019 × 1,826 + 2 × 0.0214)
= Exp(4.5215)
= $91.97
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0298 + 0.0019 × 1,826 – 2 × 0.0214)
= Exp(4.4360)
= $84.43
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 99.25% per annum.
- PFGC price at the close of December 2, 2024 was inside the secondary price channel.