Tapestry Inc (TPR)
Tapestry, Inc. is an American multinational luxury fashion holding company. It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman.
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 337.04% per annum.
- TPR price at the close of March 31, 2025 was $70.41 and was lower than the bottom border of the primary price channel by $15.17 (17.73%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 85.76% per annum.
- TPR price at the close of March 31, 2025 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 TPR 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: July 24, 2024
End date: March 5, 2025
a = -2.8212
b = 0.0040
s = 0.0519
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0040) – 1
= 337.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0519) – 1
= 23.05%
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,084)
= Exp(a + b × X1,084 + 2 × s)
= Exp(a + b × 1,575 + 2 × s)
= Exp(-2.8212 + 0.0040 × 1,575 + 2 × 0.0519)
= Exp(3.6467)
= $38.35
Bottom border of price channel:
Exp(Y1,084)
= Exp(a + b × X1,084 – 2 × s)
= Exp(a + b × 1,575 – 2 × s)
= Exp(-2.8212 + 0.0040 × 1,575 – 2 × 0.0519)
= Exp(3.4393)
= $31.16
March 5, 2025 calculations
Top border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(-2.8212 + 0.0040 × 1,799 + 2 × 0.0519)
= Exp(4.5518)
= $94.80
Bottom border of price channel:
Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(-2.8212 + 0.0040 × 1,799 – 2 × 0.0519)
= Exp(4.3444)
= $77.04
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 337.04% per annum.
- TPR price at the close of March 31, 2025 was $70.41 and was lower than the bottom border of the primary price channel by $15.17 (17.73%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 12, 2025
End date: March 31, 2025
a = 13.9768
b = -0.0053
s = 0.0420
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0053) – 1
= -85.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0420) – 1
= 18.30%
February 12, 2025 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(13.9768 + -0.0053 × 1,778 + 2 × 0.0420)
= Exp(4.5661)
= $96.17
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(13.9768 + -0.0053 × 1,778 – 2 × 0.0420)
= Exp(4.3981)
= $81.30
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(13.9768 + -0.0053 × 1,825 + 2 × 0.0420)
= Exp(4.3151)
= $74.82
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(13.9768 + -0.0053 × 1,825 – 2 × 0.0420)
= Exp(4.1471)
= $63.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 85.76% per annum.
- TPR price at the close of March 31, 2025 was inside the secondary price channel.