Kite Realty Group Trust (KRG)
Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.
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 6.07% per annum.
- KRG price at the close of July 25, 2024 was $23.67 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 57.77% per annum.
- KRG 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 KRG 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 22, 2021
End date: July 11, 2024
a = 2.7680
b = 0.0002
s = 0.0635
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0635) – 1
= 28.92%
February 22, 2021 calculations
Top border of price channel:
Exp(Y396)
= Exp(a + b × X396 + 2 × s)
= Exp(a + b × 577 + 2 × s)
= Exp(2.7680 + 0.0002 × 577 + 2 × 0.0635)
= Exp(2.9881)
= $19.85
Bottom border of price channel:
Exp(Y396)
= Exp(a + b × X396 – 2 × s)
= Exp(a + b × 577 – 2 × s)
= Exp(2.7680 + 0.0002 × 577 – 2 × 0.0635)
= Exp(2.7341)
= $15.40
July 11, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(2.7680 + 0.0002 × 1,812 + 2 × 0.0635)
= Exp(3.1874)
= $24.23
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(2.7680 + 0.0002 × 1,812 – 2 × 0.0635)
= Exp(2.9334)
= $18.79
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 6.07% per annum.
- KRG price at the close of July 25, 2024 was $23.67 and was inside the primary price channel.
Secondary Trend
Start date: April 2, 2024
End date: July 25, 2024
a = 0.8570
b = 0.0012
s = 0.0233
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 57.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0233) – 1
= 9.75%
April 2, 2024 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,712 + 2 × s)
= Exp(0.8570 + 0.0012 × 1,712 + 2 × 0.0233)
= Exp(3.0423)
= $20.95
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,712 – 2 × s)
= Exp(0.8570 + 0.0012 × 1,712 – 2 × 0.0233)
= Exp(2.9492)
= $19.09
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(0.8570 + 0.0012 × 1,826 + 2 × 0.0233)
= Exp(3.1847)
= $24.16
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.8570 + 0.0012 × 1,826 – 2 × 0.0233)
= Exp(3.0916)
= $22.01
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 57.77% per annum.
- KRG price at the close of July 25, 2024 was inside the secondary price channel.