Equity Residential (EQR)
Equity Residential is a publicly traded real estate investment trust that invests in apartments.
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 12.30% per annum.
- EQR price at the close of July 10, 2025 was $67.08 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.45% per annum.
- EQR 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 EQR 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: November 2, 2022
End date: June 23, 2025
a = 3.6994
b = 0.0003
s = 0.0611
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 12.30%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0611) – 1
= 27.66%
November 2, 2022 calculations
Top border of price channel:
Exp(Y583)
= Exp(a + b × X583 + 2 × s)
= Exp(a + b × 842 + 2 × s)
= Exp(3.6994 + 0.0003 × 842 + 2 × 0.0611)
= Exp(4.0891)
= $59.68
Bottom border of price channel:
Exp(Y583)
= Exp(a + b × X583 – 2 × s)
= Exp(a + b × 842 – 2 × s)
= Exp(3.6994 + 0.0003 × 842 – 2 × 0.0611)
= Exp(3.8449)
= $46.75
June 23, 2025 calculations
Top border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(3.6994 + 0.0003 × 1,806 + 2 × 0.0611)
= Exp(4.3955)
= $81.08
Bottom border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(3.6994 + 0.0003 × 1,806 – 2 × 0.0611)
= Exp(4.1512)
= $63.51
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 12.30% per annum.
- EQR price at the close of July 10, 2025 was $67.08 and was inside the primary price channel.
Secondary Trend
Start date: August 23, 2024
End date: July 10, 2025
a = 4.6482
b = -0.0002
s = 0.0270
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0270) – 1
= 11.42%
August 23, 2024 calculations
Top border of price channel:
Exp(Y1,036)
= Exp(a + b × X1,036 + 2 × s)
= Exp(a + b × 1,502 + 2 × s)
= Exp(4.6482 + -0.0002 × 1,502 + 2 × 0.0270)
= Exp(4.3389)
= $76.63
Bottom border of price channel:
Exp(Y1,036)
= Exp(a + b × X1,036 – 2 × s)
= Exp(a + b × 1,502 – 2 × s)
= Exp(4.6482 + -0.0002 × 1,502 – 2 × 0.0270)
= Exp(4.2308)
= $68.77
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(4.6482 + -0.0002 × 1,823 + 2 × 0.0270)
= Exp(4.2613)
= $70.90
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.6482 + -0.0002 × 1,823 – 2 × 0.0270)
= Exp(4.1531)
= $63.63
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.45% per annum.
- EQR price at the close of July 10, 2025 was inside the secondary price channel.