LXP Industrial Trust (LXP)
None
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 14.12% per annum.
- LXP price at the close of July 25, 2024 was $10.19 and was higher than the top border of the primary price channel by $0.65 (6.86%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 311.71% per annum.
- LXP 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 LXP 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: July 23, 2021
End date: June 21, 2024
a = 2.8237
b = -0.0004
s = 0.0965
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -14.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0965) – 1
= 47.09%
July 23, 2021 calculations
Top border of price channel:
Exp(Y502)
= Exp(a + b × X502 + 2 × s)
= Exp(a + b × 728 + 2 × s)
= Exp(2.8237 + -0.0004 × 728 + 2 × 0.0965)
= Exp(2.7130)
= $15.07
Bottom border of price channel:
Exp(Y502)
= Exp(a + b × X502 – 2 × s)
= Exp(a + b × 728 – 2 × s)
= Exp(2.8237 + -0.0004 × 728 – 2 × 0.0965)
= Exp(2.3271)
= $10.25
June 21, 2024 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(2.8237 + -0.0004 × 1,792 + 2 × 0.0965)
= Exp(2.2692)
= $9.67
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(2.8237 + -0.0004 × 1,792 – 2 × 0.0965)
= Exp(1.8833)
= $6.58
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 14.12% per annum.
- LXP price at the close of July 25, 2024 was $10.19 and was higher than the top border of the primary price channel by $0.65 (6.86%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 28, 2024
End date: July 25, 2024
a = -4.7562
b = 0.0039
s = 0.0161
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0039) – 1
= 311.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0161) – 1
= 6.64%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(-4.7562 + 0.0039 × 1,768 + 2 × 0.0161)
= Exp(2.1307)
= $8.42
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(-4.7562 + 0.0039 × 1,768 – 2 × 0.0161)
= Exp(2.0664)
= $7.90
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(-4.7562 + 0.0039 × 1,826 + 2 × 0.0161)
= Exp(2.3556)
= $10.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-4.7562 + 0.0039 × 1,826 – 2 × 0.0161)
= Exp(2.2913)
= $9.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 311.71% per annum.
- LXP price at the close of July 25, 2024 was inside the secondary price channel.