Sysco Corporation (SYY)
Sysco Corporation is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice (like Aramark and Sodexo). The company is headquartered in the Energy Corridor district of Houston, Texas.
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 0.02% per annum.
- SYY price at the close of November 20, 2024 was $73.63 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.40% per annum.
- SYY price at the close of November 20, 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 SYY 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: February 19, 2021
End date: November 20, 2024
a = 4.2970
b = 0.0000
s = 0.0591
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0591) – 1
= 26.65%
February 19, 2021 calculations
Top border of price channel:
Exp(Y312)
= Exp(a + b × X312 + 2 × s)
= Exp(a + b × 456 + 2 × s)
= Exp(4.2970 + 0.0000 × 456 + 2 × 0.0591)
= Exp(4.4149)
= $82.67
Bottom border of price channel:
Exp(Y312)
= Exp(a + b × X312 – 2 × s)
= Exp(a + b × 456 – 2 × s)
= Exp(4.2970 + 0.0000 × 456 – 2 × 0.0591)
= Exp(4.1786)
= $65.28
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(4.2970 + 0.0000 × 1,826 + 2 × 0.0591)
= Exp(4.4143)
= $82.62
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.2970 + 0.0000 × 1,826 – 2 × 0.0591)
= Exp(4.1780)
= $65.23
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 0.02% per annum.
- SYY price at the close of November 20, 2024 was $73.63 and was inside the primary price channel.
Secondary Trend
Start date: August 10, 2023
End date: November 20, 2024
a = 3.8141
b = 0.0003
s = 0.0514
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 11.40%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0514) – 1
= 22.81%
August 10, 2023 calculations
Top border of price channel:
Exp(Y934)
= Exp(a + b × X934 + 2 × s)
= Exp(a + b × 1,358 + 2 × s)
= Exp(3.8141 + 0.0003 × 1,358 + 2 × 0.0514)
= Exp(4.3183)
= $75.06
Bottom border of price channel:
Exp(Y934)
= Exp(a + b × X934 – 2 × s)
= Exp(a + b × 1,358 – 2 × s)
= Exp(3.8141 + 0.0003 × 1,358 – 2 × 0.0514)
= Exp(4.1129)
= $61.12
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(3.8141 + 0.0003 × 1,826 + 2 × 0.0514)
= Exp(4.4567)
= $86.20
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.8141 + 0.0003 × 1,826 – 2 × 0.0514)
= Exp(4.2513)
= $70.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 11.40% per annum.
- SYY price at the close of November 20, 2024 was inside the secondary price channel.