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 22.96% per annum.
- PG price at the close of December 2, 2024 was $179.70 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 381.21% per annum.
- PG 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 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: September 26, 2023
End date: October 2, 2024
a = 4.1600
b = 0.0006
s = 0.0203
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0203) – 1
= 8.45%
September 26, 2023 calculations
Top border of price channel:
Exp(Y959)
= Exp(a + b × X959 + 2 × s)
= Exp(a + b × 1,393 + 2 × s)
= Exp(4.1600 + 0.0006 × 1,393 + 2 × 0.0203)
= Exp(4.9894)
= $146.84
Bottom border of price channel:
Exp(Y959)
= Exp(a + b × X959 – 2 × s)
= Exp(a + b × 1,393 – 2 × s)
= Exp(4.1600 + 0.0006 × 1,393 – 2 × 0.0203)
= Exp(4.9082)
= $135.40
October 2, 2024 calculations
Top border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 + 2 × s)
= Exp(a + b × 1,765 + 2 × s)
= Exp(4.1600 + 0.0006 × 1,765 + 2 × 0.0203)
= Exp(5.2000)
= $181.27
Bottom border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 – 2 × s)
= Exp(a + b × 1,765 – 2 × s)
= Exp(4.1600 + 0.0006 × 1,765 – 2 × 0.0203)
= Exp(5.1189)
= $167.14
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 22.96% per annum.
- PG price at the close of December 2, 2024 was $179.70 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: December 2, 2024
a = -2.6570
b = 0.0043
s = 0.0094
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0043) – 1
= 381.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0094) – 1
= 3.84%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(-2.6570 + 0.0043 × 1,800 + 2 × 0.0094)
= Exp(5.1099)
= $165.65
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(-2.6570 + 0.0043 × 1,800 – 2 × 0.0094)
= Exp(5.0722)
= $159.53
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(-2.6570 + 0.0043 × 1,826 + 2 × 0.0094)
= Exp(5.2218)
= $185.27
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-2.6570 + 0.0043 × 1,826 – 2 × 0.0094)
= Exp(5.1841)
= $178.42
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 381.21% per annum.
- PG price at the close of December 2, 2024 was inside the secondary price channel.