Digital Realty Trust Inc (DLR)
Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services.
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 36.47% per annum.
- DLR price at the close of July 26, 2024 was $145.65 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.44% per annum.
- DLR price at the close of July 26, 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 DLR 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: September 26, 2022
End date: July 26, 2024
a = 3.4857
b = 0.0009
s = 0.0677
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0677) – 1
= 31.09%
September 26, 2022 calculations
Top border of price channel:
Exp(Y797)
= Exp(a + b × X797 + 2 × s)
= Exp(a + b × 1,155 + 2 × s)
= Exp(3.4857 + 0.0009 × 1,155 + 2 × 0.0677)
= Exp(4.6049)
= $99.98
Bottom border of price channel:
Exp(Y797)
= Exp(a + b × X797 – 2 × s)
= Exp(a + b × 1,155 – 2 × s)
= Exp(3.4857 + 0.0009 × 1,155 – 2 × 0.0677)
= Exp(4.3342)
= $76.27
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.4857 + 0.0009 × 1,824 + 2 × 0.0677)
= Exp(5.1748)
= $176.77
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.4857 + 0.0009 × 1,824 – 2 × 0.0677)
= Exp(4.9041)
= $134.85
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.47% per annum.
- DLR price at the close of July 26, 2024 was $145.65 and was inside the primary price channel.
Secondary Trend
Start date: March 17, 2023
End date: July 26, 2024
a = 3.1087
b = 0.0011
s = 0.0586
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 48.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0586) – 1
= 26.41%
March 17, 2023 calculations
Top border of price channel:
Exp(Y916)
= Exp(a + b × X916 + 2 × s)
= Exp(a + b × 1,327 + 2 × s)
= Exp(3.1087 + 0.0011 × 1,327 + 2 × 0.0586)
= Exp(4.6620)
= $105.84
Bottom border of price channel:
Exp(Y916)
= Exp(a + b × X916 – 2 × s)
= Exp(a + b × 1,327 – 2 × s)
= Exp(3.1087 + 0.0011 × 1,327 – 2 × 0.0586)
= Exp(4.4276)
= $83.73
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.1087 + 0.0011 × 1,824 + 2 × 0.0586)
= Exp(5.1998)
= $181.24
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.1087 + 0.0011 × 1,824 – 2 × 0.0586)
= Exp(4.9655)
= $143.38
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.44% per annum.
- DLR price at the close of July 26, 2024 was inside the secondary price channel.