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 increasing.
- The growth rate of the primary trend is 3.08% per annum.
- APLE price at the close of April 29, 2025 was $11.85 and was lower than the bottom border of the primary price channel by $1.03 (7.99%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.51% per annum.
- APLE price at the close of April 29, 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 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 12, 2021
End date: April 29, 2025
a = 2.5316
b = 0.0001
s = 0.0638
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0638) – 1
= 29.09%
March 12, 2021 calculations
Top border of price channel:
Exp(Y218)
= Exp(a + b × X218 + 2 × s)
= Exp(a + b × 316 + 2 × s)
= Exp(2.5316 + 0.0001 × 316 + 2 × 0.0638)
= Exp(2.6856)
= $14.67
Bottom border of price channel:
Exp(Y218)
= Exp(a + b × X218 – 2 × s)
= Exp(a + b × 316 – 2 × s)
= Exp(2.5316 + 0.0001 × 316 – 2 × 0.0638)
= Exp(2.4302)
= $11.36
April 29, 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(2.5316 + 0.0001 × 1,825 + 2 × 0.0638)
= Exp(2.8110)
= $16.63
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.5316 + 0.0001 × 1,825 – 2 × 0.0638)
= Exp(2.5556)
= $12.88
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 3.08% per annum.
- APLE price at the close of April 29, 2025 was $11.85 and was lower than the bottom border of the primary price channel by $1.03 (7.99%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 27, 2025
End date: April 29, 2025
a = 9.2600
b = -0.0037
s = 0.0375
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0037) – 1
= -74.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0375) – 1
= 16.19%
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,191)
= Exp(a + b × X1,191 + 2 × s)
= Exp(a + b × 1,733 + 2 × s)
= Exp(9.2600 + -0.0037 × 1,733 + 2 × 0.0375)
= Exp(2.8459)
= $17.22
Bottom border of price channel:
Exp(Y1,191)
= Exp(a + b × X1,191 – 2 × s)
= Exp(a + b × 1,733 – 2 × s)
= Exp(9.2600 + -0.0037 × 1,733 – 2 × 0.0375)
= Exp(2.6958)
= $14.82
April 29, 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(9.2600 + -0.0037 × 1,825 + 2 × 0.0375)
= Exp(2.5014)
= $12.20
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.2600 + -0.0037 × 1,825 – 2 × 0.0375)
= Exp(2.3514)
= $10.50
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.51% per annum.
- APLE price at the close of April 29, 2025 was inside the secondary price channel.