PROG Holdings Inc (PRG)
PROG Holdings, Inc. is an omnichannel provider of leasing and purchasing solutions for underserved and credit-distressed customers. The company is headquartered in Draper, Utah.
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 51.51% per annum.
- PRG price at the close of November 19, 2024 was $46.81 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.65% per annum.
- PRG price at the close of November 19, 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 PRG 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 16, 2022
End date: November 19, 2024
a = 1.7613
b = 0.0011
s = 0.1420
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 51.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1420) – 1
= 76.48%
June 16, 2022 calculations
Top border of price channel:
Exp(Y647)
= Exp(a + b × X647 + 2 × s)
= Exp(a + b × 939 + 2 × s)
= Exp(1.7613 + 0.0011 × 939 + 2 × 0.1420)
= Exp(3.1142)
= $22.51
Bottom border of price channel:
Exp(Y647)
= Exp(a + b × X647 – 2 × s)
= Exp(a + b × 939 – 2 × s)
= Exp(1.7613 + 0.0011 × 939 – 2 × 0.1420)
= Exp(2.5461)
= $12.76
November 19, 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(1.7613 + 0.0011 × 1,826 + 2 × 0.1420)
= Exp(4.1238)
= $61.79
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.7613 + 0.0011 × 1,826 – 2 × 0.1420)
= Exp(3.5558)
= $35.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 51.51% per annum.
- PRG price at the close of November 19, 2024 was $46.81 and was inside the primary price channel.
Secondary Trend
Start date: April 26, 2023
End date: November 19, 2024
a = 2.5135
b = 0.0007
s = 0.1220
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 27.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1220) – 1
= 62.90%
April 26, 2023 calculations
Top border of price channel:
Exp(Y862)
= Exp(a + b × X862 + 2 × s)
= Exp(a + b × 1,253 + 2 × s)
= Exp(2.5135 + 0.0007 × 1,253 + 2 × 0.1220)
= Exp(3.5955)
= $36.44
Bottom border of price channel:
Exp(Y862)
= Exp(a + b × X862 – 2 × s)
= Exp(a + b × 1,253 – 2 × s)
= Exp(2.5135 + 0.0007 × 1,253 – 2 × 0.1220)
= Exp(3.1075)
= $22.37
November 19, 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(2.5135 + 0.0007 × 1,826 + 2 × 0.1220)
= Exp(3.9788)
= $53.45
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5135 + 0.0007 × 1,826 – 2 × 0.1220)
= Exp(3.4908)
= $32.81
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 27.65% per annum.
- PRG price at the close of November 19, 2024 was inside the secondary price channel.