Sonoco Products Company (SON)
Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company is headquartered in Hartsville, South Carolina.
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 1.56% per annum.
- SON price at the close of November 20, 2024 was $49.97 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 35.01% per annum.
- SON price at the close of November 20, 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 SON 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: March 5, 2021
End date: November 20, 2024
a = 4.0511
b = 0.0000
s = 0.0479
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0479) – 1
= 21.14%
March 5, 2021 calculations
Top border of price channel:
Exp(Y322)
= Exp(a + b × X322 + 2 × s)
= Exp(a + b × 470 + 2 × s)
= Exp(4.0511 + 0.0000 × 470 + 2 × 0.0479)
= Exp(4.1268)
= $61.98
Bottom border of price channel:
Exp(Y322)
= Exp(a + b × X322 – 2 × s)
= Exp(a + b × 470 – 2 × s)
= Exp(4.0511 + 0.0000 × 470 – 2 × 0.0479)
= Exp(3.9350)
= $51.16
November 20, 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(4.0511 + 0.0000 × 1,826 + 2 × 0.0479)
= Exp(4.0685)
= $58.47
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.0511 + 0.0000 × 1,826 – 2 × 0.0479)
= Exp(3.8767)
= $48.27
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 1.56% per annum.
- SON price at the close of November 20, 2024 was $49.97 and was inside the primary price channel.
Secondary Trend
Start date: August 29, 2024
End date: November 20, 2024
a = 6.0730
b = -0.0012
s = 0.0133
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0133) – 1
= 5.48%
August 29, 2024 calculations
Top border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 + 2 × s)
= Exp(a + b × 1,743 + 2 × s)
= Exp(6.0730 + -0.0012 × 1,743 + 2 × 0.0133)
= Exp(4.0416)
= $56.92
Bottom border of price channel:
Exp(Y1,199)
= Exp(a + b × X1,199 – 2 × s)
= Exp(a + b × 1,743 – 2 × s)
= Exp(6.0730 + -0.0012 × 1,743 – 2 × 0.0133)
= Exp(3.9883)
= $53.96
November 20, 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(6.0730 + -0.0012 × 1,826 + 2 × 0.0133)
= Exp(3.9436)
= $51.60
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.0730 + -0.0012 × 1,826 – 2 × 0.0133)
= Exp(3.8903)
= $48.92
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 35.01% per annum.
- SON price at the close of November 20, 2024 was inside the secondary price channel.