Centerspace (CSR)
IRET is a real estate company focused on the ownership, management, acquisition, remodeling and development of apartment communities.
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 20.60% per annum.
- CSR price at the close of July 10, 2025 was $60.30 and was lower than the bottom border of the primary price channel by $4.02 (6.25%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.43% per annum.
- CSR price at the close of July 10, 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 CSR 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: February 28, 2023
End date: January 3, 2025
a = 3.3917
b = 0.0005
s = 0.0817
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0817) – 1
= 38.63%
February 28, 2023 calculations
Top border of price channel:
Exp(Y662)
= Exp(a + b × X662 + 2 × s)
= Exp(a + b × 960 + 2 × s)
= Exp(3.3917 + 0.0005 × 960 + 2 × 0.0817)
= Exp(4.0477)
= $57.26
Bottom border of price channel:
Exp(Y662)
= Exp(a + b × X662 – 2 × s)
= Exp(a + b × 960 – 2 × s)
= Exp(3.3917 + 0.0005 × 960 – 2 × 0.0817)
= Exp(3.7210)
= $41.31
January 3, 2025 calculations
Top border of price channel:
Exp(Y1,127)
= Exp(a + b × X1,127 + 2 × s)
= Exp(a + b × 1,635 + 2 × s)
= Exp(3.3917 + 0.0005 × 1,635 + 2 × 0.0817)
= Exp(4.3941)
= $80.97
Bottom border of price channel:
Exp(Y1,127)
= Exp(a + b × X1,127 – 2 × s)
= Exp(a + b × 1,635 – 2 × s)
= Exp(3.3917 + 0.0005 × 1,635 – 2 × 0.0817)
= Exp(4.0674)
= $58.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 20.60% per annum.
- CSR price at the close of July 10, 2025 was $60.30 and was lower than the bottom border of the primary price channel by $4.02 (6.25%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 16, 2024
End date: July 10, 2025
a = 4.9729
b = -0.0005
s = 0.0418
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.43%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0418) – 1
= 18.22%
July 16, 2024 calculations
Top border of price channel:
Exp(Y1,008)
= Exp(a + b × X1,008 + 2 × s)
= Exp(a + b × 1,464 + 2 × s)
= Exp(4.9729 + -0.0005 × 1,464 + 2 × 0.0418)
= Exp(4.3368)
= $76.46
Bottom border of price channel:
Exp(Y1,008)
= Exp(a + b × X1,008 – 2 × s)
= Exp(a + b × 1,464 – 2 × s)
= Exp(4.9729 + -0.0005 × 1,464 – 2 × 0.0418)
= Exp(4.1694)
= $64.68
July 10, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.9729 + -0.0005 × 1,823 + 2 × 0.0418)
= Exp(4.1602)
= $64.09
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.9729 + -0.0005 × 1,823 – 2 × 0.0418)
= Exp(3.9929)
= $54.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.43% per annum.
- CSR price at the close of July 10, 2025 was inside the secondary price channel.