Brandywine Realty Trust (BDN)
Brandywine Realty Trust (NYSE: BDN) is one of the largest publicly traded, full-service integrated real estate companies in the United States with a primary focus on the Philadelphia, Austin and Washington, DC markets.
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 23.36% per annum.
- BDN price at the close of July 25, 2024 was $4.89 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 435.77% per annum.
- BDN price at the close of July 25, 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 BDN 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 16, 2023
End date: July 25, 2024
a = 0.4892
b = 0.0006
s = 0.0927
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0927) – 1
= 44.89%
March 16, 2023 calculations
Top border of price channel:
Exp(Y916)
= Exp(a + b × X916 + 2 × s)
= Exp(a + b × 1,329 + 2 × s)
= Exp(0.4892 + 0.0006 × 1,329 + 2 × 0.0927)
= Exp(1.4391)
= $4.22
Bottom border of price channel:
Exp(Y916)
= Exp(a + b × X916 – 2 × s)
= Exp(a + b × 1,329 – 2 × s)
= Exp(0.4892 + 0.0006 × 1,329 – 2 × 0.0927)
= Exp(1.0683)
= $2.91
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.4892 + 0.0006 × 1,826 + 2 × 0.0927)
= Exp(1.7250)
= $5.61
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.4892 + 0.0006 × 1,826 – 2 × 0.0927)
= Exp(1.3542)
= $3.87
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 23.36% per annum.
- BDN price at the close of July 25, 2024 was $4.89 and was inside the primary price channel.
Secondary Trend
Start date: June 25, 2024
End date: July 25, 2024
a = -6.8226
b = 0.0046
s = 0.0217
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0046) – 1
= 435.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0217) – 1
= 9.06%
June 25, 2024 calculations
Top border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 + 2 × s)
= Exp(a + b × 1,796 + 2 × s)
= Exp(-6.8226 + 0.0046 × 1,796 + 2 × 0.0217)
= Exp(1.4801)
= $4.39
Bottom border of price channel:
Exp(Y1,236)
= Exp(a + b × X1,236 – 2 × s)
= Exp(a + b × 1,796 – 2 × s)
= Exp(-6.8226 + 0.0046 × 1,796 – 2 × 0.0217)
= Exp(1.3934)
= $4.03
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-6.8226 + 0.0046 × 1,826 + 2 × 0.0217)
= Exp(1.6180)
= $5.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-6.8226 + 0.0046 × 1,826 – 2 × 0.0217)
= Exp(1.5313)
= $4.62
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 435.77% per annum.
- BDN price at the close of July 25, 2024 was inside the secondary price channel.