Procter & Gamble Company (PG)
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health, consumer health, personal care, and hygiene products; these products are organized into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. Before the sale of Pringles to Kellogg's, its product portfolio also included food, snacks, and beverages.
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 13.55% per annum.
- PG price at the close of March 31, 2025 was $170.42 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.84% per annum.
- PG price at the close of March 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 PG 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 30, 2022
End date: December 27, 2024
a = 4.5481
b = 0.0003
s = 0.0368
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 13.55%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0368) – 1
= 15.87%
August 30, 2022 calculations
Top border of price channel:
Exp(Y608)
= Exp(a + b × X608 + 2 × s)
= Exp(a + b × 881 + 2 × s)
= Exp(4.5481 + 0.0003 × 881 + 2 × 0.0368)
= Exp(4.9283)
= $138.15
Bottom border of price channel:
Exp(Y608)
= Exp(a + b × X608 – 2 × s)
= Exp(a + b × 881 – 2 × s)
= Exp(4.5481 + 0.0003 × 881 – 2 × 0.0368)
= Exp(4.7810)
= $119.23
December 27, 2024 calculations
Top border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 + 2 × s)
= Exp(a + b × 1,731 + 2 × s)
= Exp(4.5481 + 0.0003 × 1,731 + 2 × 0.0368)
= Exp(5.2241)
= $185.70
Bottom border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 – 2 × s)
= Exp(a + b × 1,731 – 2 × s)
= Exp(4.5481 + 0.0003 × 1,731 – 2 × 0.0368)
= Exp(5.0769)
= $160.27
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 13.55% per annum.
- PG price at the close of March 31, 2025 was $170.42 and was inside the primary price channel.
Secondary Trend
Start date: May 2, 2024
End date: March 31, 2025
a = 4.9475
b = 0.0001
s = 0.0239
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0239) – 1
= 10.02%
May 2, 2024 calculations
Top border of price channel:
Exp(Y1,028)
= Exp(a + b × X1,028 + 2 × s)
= Exp(a + b × 1,492 + 2 × s)
= Exp(4.9475 + 0.0001 × 1,492 + 2 × 0.0239)
= Exp(5.1492)
= $172.29
Bottom border of price channel:
Exp(Y1,028)
= Exp(a + b × X1,028 – 2 × s)
= Exp(a + b × 1,492 – 2 × s)
= Exp(4.9475 + 0.0001 × 1,492 – 2 × 0.0239)
= Exp(5.0537)
= $156.60
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.9475 + 0.0001 × 1,825 + 2 × 0.0239)
= Exp(5.1835)
= $178.31
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9475 + 0.0001 × 1,825 – 2 × 0.0239)
= Exp(5.0880)
= $162.07
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.84% per annum.
- PG price at the close of March 31, 2025 was inside the secondary price channel.