Tyson Foods Inc (TSN)
Tyson Foods, Inc. is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry.
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 38.92% per annum.
- TSN price at the close of November 20, 2024 was $63.25 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.51% per annum.
- TSN 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 TSN 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: September 22, 2023
End date: September 24, 2024
a = 2.5666
b = 0.0009
s = 0.0425
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0425) – 1
= 18.54%
September 22, 2023 calculations
Top border of price channel:
Exp(Y964)
= Exp(a + b × X964 + 2 × s)
= Exp(a + b × 1,401 + 2 × s)
= Exp(2.5666 + 0.0009 × 1,401 + 2 × 0.0425)
= Exp(3.9135)
= $50.07
Bottom border of price channel:
Exp(Y964)
= Exp(a + b × X964 – 2 × s)
= Exp(a + b × 1,401 – 2 × s)
= Exp(2.5666 + 0.0009 × 1,401 – 2 × 0.0425)
= Exp(3.7434)
= $42.24
September 24, 2024 calculations
Top border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 + 2 × s)
= Exp(a + b × 1,769 + 2 × s)
= Exp(2.5666 + 0.0009 × 1,769 + 2 × 0.0425)
= Exp(4.2449)
= $69.75
Bottom border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 – 2 × s)
= Exp(a + b × 1,769 – 2 × s)
= Exp(2.5666 + 0.0009 × 1,769 – 2 × 0.0425)
= Exp(4.0748)
= $58.84
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 38.92% per annum.
- TSN price at the close of November 20, 2024 was $63.25 and was inside the primary price channel.
Secondary Trend
Start date: March 13, 2024
End date: November 13, 2024
a = 3.6125
b = 0.0003
s = 0.0373
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0373) – 1
= 16.11%
March 13, 2024 calculations
Top border of price channel:
Exp(Y1,082)
= Exp(a + b × X1,082 + 2 × s)
= Exp(a + b × 1,574 + 2 × s)
= Exp(3.6125 + 0.0003 × 1,574 + 2 × 0.0373)
= Exp(4.1180)
= $61.44
Bottom border of price channel:
Exp(Y1,082)
= Exp(a + b × X1,082 – 2 × s)
= Exp(a + b × 1,574 – 2 × s)
= Exp(3.6125 + 0.0003 × 1,574 – 2 × 0.0373)
= Exp(3.9686)
= $52.91
November 13, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(3.6125 + 0.0003 × 1,819 + 2 × 0.0373)
= Exp(4.1851)
= $65.70
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(3.6125 + 0.0003 × 1,819 – 2 × 0.0373)
= Exp(4.0357)
= $56.58
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.51% per annum.
- TSN price at the close of November 20, 2024 was inside the secondary price channel.