PVH Corp (PVH)
PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is an American clothing company which owns brands such as Van Heusen, Tommy Hilfiger, Calvin Klein, IZOD, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 37.23% per annum.
- PVH price at the close of November 19, 2024 was $98.66 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.32% per annum.
- PVH price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 PVH 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: January 26, 2024
End date: November 1, 2024
a = 6.8292
b = -0.0013
s = 0.0590
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -37.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0590) – 1
= 26.62%
January 26, 2024 calculations
Top border of price channel:
Exp(Y1,051)
= Exp(a + b × X1,051 + 2 × s)
= Exp(a + b × 1,528 + 2 × s)
= Exp(6.8292 + -0.0013 × 1,528 + 2 × 0.0590)
= Exp(4.9978)
= $148.09
Bottom border of price channel:
Exp(Y1,051)
= Exp(a + b × X1,051 – 2 × s)
= Exp(a + b × 1,528 – 2 × s)
= Exp(6.8292 + -0.0013 × 1,528 – 2 × 0.0590)
= Exp(4.7618)
= $116.95
November 1, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(6.8292 + -0.0013 × 1,808 + 2 × 0.0590)
= Exp(4.6406)
= $103.60
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(6.8292 + -0.0013 × 1,808 – 2 × 0.0590)
= Exp(4.4046)
= $81.82
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 37.23% per annum.
- PVH price at the close of November 19, 2024 was $98.66 and was inside the primary price channel.
Secondary Trend
Start date: September 3, 2024
End date: November 19, 2024
a = 3.0300
b = 0.0009
s = 0.0237
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0237) – 1
= 9.94%
September 3, 2024 calculations
Top border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(3.0300 + 0.0009 × 1,749 + 2 × 0.0237)
= Exp(4.5969)
= $99.18
Bottom border of price channel:
Exp(Y1,202)
= Exp(a + b × X1,202 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(3.0300 + 0.0009 × 1,749 – 2 × 0.0237)
= Exp(4.5022)
= $90.21
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(3.0300 + 0.0009 × 1,826 + 2 × 0.0237)
= Exp(4.6638)
= $106.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.0300 + 0.0009 × 1,826 – 2 × 0.0237)
= Exp(4.5691)
= $96.45
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 37.32% per annum.
- PVH price at the close of November 19, 2024 was inside the secondary price channel.