Stock Price Trends

American Assets Trust Inc (AAT)

American Assets Trust, Inc. is a self-managed, vertically integrated, full-service real estate investment trust, or REIT, based in San Diego, California.

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 24.52% per annum.
  • AAT price at the close of May 17, 2024 was $22.95 and was inside the primary price channel.
  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 12.68% per annum.
  • AAT price at the close of May 17, 2024 was higher than the top border of the secondary price channel by $0.46 (2.05%). This indicates a possible reversal in the secondary trend direction.
  • 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 AAT 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 10, 2023
End date: May 17, 2024

a = 2.0132

b = 0.0006

s = 0.0661

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.52%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0661) – 1
= 30.28%

March 10, 2023 calculations

Top border of price channel:

Exp(Y959)
= Exp(a + b × X959 + 2 × s)
= Exp(a + b × 1,390 + 2 × s)
= Exp(2.0132 + 0.0006 × 1,390 + 2 × 0.0661)
= Exp(2.9806)
= $19.70

Bottom border of price channel:

Exp(Y959)
= Exp(a + b × X959 – 2 × s)
= Exp(a + b × 1,390 – 2 × s)
= Exp(2.0132 + 0.0006 × 1,390 – 2 × 0.0661)
= Exp(2.7161)
= $15.12

May 17, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.0132 + 0.0006 × 1,824 + 2 × 0.0661)
= Exp(3.2414)
= $25.57

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.0132 + 0.0006 × 1,824 – 2 × 0.0661)
= Exp(2.9768)
= $19.63

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 24.52% per annum.
  • AAT price at the close of May 17, 2024 was $22.95 and was inside the primary price channel.

Secondary Trend

Start date: December 13, 2023
End date: May 17, 2024

a = 3.7292

b = -0.0004

s = 0.0307

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.68%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0307) – 1
= 13.05%

December 13, 2023 calculations

Top border of price channel:

Exp(Y1,151)
= Exp(a + b × X1,151 + 2 × s)
= Exp(a + b × 1,668 + 2 × s)
= Exp(3.7292 + -0.0004 × 1,668 + 2 × 0.0307)
= Exp(3.1709)
= $23.83

Bottom border of price channel:

Exp(Y1,151)
= Exp(a + b × X1,151 – 2 × s)
= Exp(a + b × 1,668 – 2 × s)
= Exp(3.7292 + -0.0004 × 1,668 – 2 × 0.0307)
= Exp(3.0483)
= $21.08

May 17, 2024 calculations

Top border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.7292 + -0.0004 × 1,824 + 2 × 0.0307)
= Exp(3.1130)
= $22.49

Bottom border of price channel:

Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.7292 + -0.0004 × 1,824 – 2 × 0.0307)
= Exp(2.9904)
= $19.89

Description

  • The secondary trend is decreasing.
  • The decline rate of the secondary trend is 12.68% per annum.
  • AAT price at the close of May 17, 2024 was higher than the top border of the secondary price channel by $0.46 (2.05%). This indicates a possible reversal in the secondary trend direction.