Apple Hospitality REIT Inc (APLE)
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (?
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 51.81% per annum.
- APLE price at the close of May 17, 2024 was $14.61 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 6.61% per annum.
- APLE price at the close of May 17, 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 APLE 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 8, 2024
End date: May 17, 2024
a = 6.3240
b = -0.0020
s = 0.0149
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -51.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0149) – 1
= 6.12%
March 8, 2024 calculations
Top border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 + 2 × s)
= Exp(a + b × 1,754 + 2 × s)
= Exp(6.3240 + -0.0020 × 1,754 + 2 × 0.0149)
= Exp(2.8455)
= $17.21
Bottom border of price channel:
Exp(Y1,209)
= Exp(a + b × X1,209 – 2 × s)
= Exp(a + b × 1,754 – 2 × s)
= Exp(6.3240 + -0.0020 × 1,754 – 2 × 0.0149)
= Exp(2.7861)
= $16.22
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(6.3240 + -0.0020 × 1,824 + 2 × 0.0149)
= Exp(2.7055)
= $14.96
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.3240 + -0.0020 × 1,824 – 2 × 0.0149)
= Exp(2.6461)
= $14.10
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 51.81% per annum.
- APLE price at the close of May 17, 2024 was $14.61 and was inside the primary price channel.
Secondary Trend
Start date: April 30, 2024
End date: May 17, 2024
a = 3.0324
b = -0.0002
s = 0.0062
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0062) – 1
= 2.50%
April 30, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(3.0324 + -0.0002 × 1,807 + 2 × 0.0062)
= Exp(2.7061)
= $14.97
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(3.0324 + -0.0002 × 1,807 – 2 × 0.0062)
= Exp(2.6814)
= $14.61
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(3.0324 + -0.0002 × 1,824 + 2 × 0.0062)
= Exp(2.7029)
= $14.92
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.0324 + -0.0002 × 1,824 – 2 × 0.0062)
= Exp(2.6782)
= $14.56
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 6.61% per annum.
- APLE price at the close of May 17, 2024 was inside the secondary price channel.