Invitation Homes Inc (INVH)
Invitation Homes is the nation's leading single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, renovated homes with valuable features like proximity to jobs and access to good schools.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.14% per annum.
- INVH price at the close of July 25, 2024 was $33.20 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.34% per annum.
- INVH price at the close of July 25, 2024 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 INVH 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: June 1, 2021
End date: February 28, 2024
a = 3.7580
b = -0.0002
s = 0.0725
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.14%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0725) – 1
= 33.63%
June 1, 2021 calculations
Top border of price channel:
Exp(Y465)
= Exp(a + b × X465 + 2 × s)
= Exp(a + b × 676 + 2 × s)
= Exp(3.7580 + -0.0002 × 676 + 2 × 0.0725)
= Exp(3.7658)
= $43.20
Bottom border of price channel:
Exp(Y465)
= Exp(a + b × X465 – 2 × s)
= Exp(a + b × 676 – 2 × s)
= Exp(3.7580 + -0.0002 × 676 – 2 × 0.0725)
= Exp(3.4758)
= $32.32
February 28, 2024 calculations
Top border of price channel:
Exp(Y1,155)
= Exp(a + b × X1,155 + 2 × s)
= Exp(a + b × 1,678 + 2 × s)
= Exp(3.7580 + -0.0002 × 1,678 + 2 × 0.0725)
= Exp(3.5624)
= $35.25
Bottom border of price channel:
Exp(Y1,155)
= Exp(a + b × X1,155 – 2 × s)
= Exp(a + b × 1,678 – 2 × s)
= Exp(3.7580 + -0.0002 × 1,678 – 2 × 0.0725)
= Exp(3.2724)
= $26.38
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.14% per annum.
- INVH price at the close of July 25, 2024 was $33.20 and was inside the primary price channel.
Secondary Trend
Start date: October 7, 2022
End date: July 24, 2024
a = 3.0663
b = 0.0003
s = 0.0404
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0404) – 1
= 17.55%
October 7, 2022 calculations
Top border of price channel:
Exp(Y807)
= Exp(a + b × X807 + 2 × s)
= Exp(a + b × 1,169 + 2 × s)
= Exp(3.0663 + 0.0003 × 1,169 + 2 × 0.0404)
= Exp(3.4622)
= $31.89
Bottom border of price channel:
Exp(Y807)
= Exp(a + b × X807 – 2 × s)
= Exp(a + b × 1,169 – 2 × s)
= Exp(3.0663 + 0.0003 × 1,169 – 2 × 0.0404)
= Exp(3.3005)
= $27.13
July 24, 2024 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.0663 + 0.0003 × 1,825 + 2 × 0.0404)
= Exp(3.6390)
= $38.05
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.0663 + 0.0003 × 1,825 – 2 × 0.0404)
= Exp(3.4773)
= $32.37
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.34% per annum.
- INVH price at the close of July 25, 2024 was inside the secondary price channel.