Nexpoint Residential Trust Inc (NXRT)
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol NXRT, primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with value-added potential in large cities and suburbs. Submarkets in large cities, mainly in the southeastern and southwestern United States.
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 153.95% per annum.
- NXRT price at the close of July 25, 2024 was $42.58 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,135.45% per annum.
- NXRT 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 NXRT 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 20, 2024
End date: July 25, 2024
a = -0.9336
b = 0.0026
s = 0.0230
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 153.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0230) – 1
= 9.64%
February 20, 2024 calculations
Top border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 + 2 × s)
= Exp(a + b × 1,670 + 2 × s)
= Exp(-0.9336 + 0.0026 × 1,670 + 2 × 0.0230)
= Exp(3.3766)
= $29.27
Bottom border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 – 2 × s)
= Exp(a + b × 1,670 – 2 × s)
= Exp(-0.9336 + 0.0026 × 1,670 – 2 × 0.0230)
= Exp(3.2846)
= $26.70
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(-0.9336 + 0.0026 × 1,826 + 2 × 0.0230)
= Exp(3.7749)
= $43.59
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.9336 + 0.0026 × 1,826 – 2 × 0.0230)
= Exp(3.6829)
= $39.76
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 153.95% per annum.
- NXRT price at the close of July 25, 2024 was $42.58 and was inside the primary price channel.
Secondary Trend
Start date: July 8, 2024
End date: July 25, 2024
a = -8.8121
b = 0.0069
s = 0.0115
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0069) – 1
= 1,135.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0115) – 1
= 4.69%
July 8, 2024 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,809 + 2 × s)
= Exp(-8.8121 + 0.0069 × 1,809 + 2 × 0.0115)
= Exp(3.6707)
= $39.28
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,809 – 2 × s)
= Exp(-8.8121 + 0.0069 × 1,809 – 2 × 0.0115)
= Exp(3.6249)
= $37.52
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(-8.8121 + 0.0069 × 1,826 + 2 × 0.0115)
= Exp(3.7878)
= $44.16
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-8.8121 + 0.0069 × 1,826 – 2 × 0.0115)
= Exp(3.7420)
= $42.18
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,135.45% per annum.
- NXRT price at the close of July 25, 2024 was inside the secondary price channel.