# Phillips Edison & Co Inc (PECO)

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 21.82% per annum.
- PECO price at the close of May 23, 2024 was $31.53 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 40.31% per annum.
- PECO price at the close of May 23, 2024 was inside the secondary price channel.

### Linear Regression Model

Model equation:

Y_{i} = α + β × X_{i} + ε_{i}

Top border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} + 2 × s)

Bottom border of price channel:

Exp(Y_{i}) = Exp(a + b × X_{i} – 2 × s)

where:

i - observation number

Y_{i} - natural logarithm of PECO price

X_{i} - time index, 1 day interval

σ - standard deviation of ε_{i}

a - estimator of α

b - estimator of β

s - estimator of σ

Exp() - calculates the exponent of e

### Primary Trend

Start date: December 13, 2023

End date: May 23, 2024

a = 4.1881

b = -0.0007

s = 0.0215

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0007) – 1

= -21.82%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0215) – 1

= 9.00%

#### December 13, 2023 calculations

Top border of price channel:

Exp(Y_{608})

= Exp(a + b × X_{608} + 2 × s)

= Exp(a + b × 881 + 2 × s)

= Exp(4.1881 + -0.0007 × 881 + 2 × 0.0215)

= Exp(3.6370)

= $37.98

Bottom border of price channel:

Exp(Y_{608})

= Exp(a + b × X_{608} – 2 × s)

= Exp(a + b × 881 – 2 × s)

= Exp(4.1881 + -0.0007 × 881 – 2 × 0.0215)

= Exp(3.5509)

= $34.84

#### May 23, 2024 calculations

Top border of price channel:

Exp(Y_{719})

= Exp(a + b × X_{719} + 2 × s)

= Exp(a + b × 1,043 + 2 × s)

= Exp(4.1881 + -0.0007 × 1,043 + 2 × 0.0215)

= Exp(3.5278)

= $34.05

Bottom border of price channel:

Exp(Y_{719})

= Exp(a + b × X_{719} – 2 × s)

= Exp(a + b × 1,043 – 2 × s)

= Exp(4.1881 + -0.0007 × 1,043 – 2 × 0.0215)

= Exp(3.4416)

= $31.24

#### Description

- The primary trend is decreasing.
- The decline rate of the primary trend is 21.82% per annum.
- PECO price at the close of May 23, 2024 was $31.53 and was inside the primary price channel.

### Secondary Trend

Start date: February 29, 2024

End date: May 23, 2024

a = 4.9357

b = -0.0014

s = 0.0175

Annual growth rate:

Exp(365 × b) – 1

= Exp(365 × -0.0014) – 1

= -40.31%

Price channel spread:

Exp(4 × s) – 1

= Exp(4 × 0.0175) – 1

= 7.25%

#### February 29, 2024 calculations

Top border of price channel:

Exp(Y_{660})

= Exp(a + b × X_{660} + 2 × s)

= Exp(a + b × 959 + 2 × s)

= Exp(4.9357 + -0.0014 × 959 + 2 × 0.0175)

= Exp(3.6147)

= $37.14

Bottom border of price channel:

Exp(Y_{660})

= Exp(a + b × X_{660} – 2 × s)

= Exp(a + b × 959 – 2 × s)

= Exp(4.9357 + -0.0014 × 959 – 2 × 0.0175)

= Exp(3.5447)

= $34.63

#### May 23, 2024 calculations

Top border of price channel:

Exp(Y_{719})

= Exp(a + b × X_{719} + 2 × s)

= Exp(a + b × 1,043 + 2 × s)

= Exp(4.9357 + -0.0014 × 1,043 + 2 × 0.0175)

= Exp(3.4960)

= $32.98

Bottom border of price channel:

Exp(Y_{719})

= Exp(a + b × X_{719} – 2 × s)

= Exp(a + b × 1,043 – 2 × s)

= Exp(4.9357 + -0.0014 × 1,043 – 2 × 0.0175)

= Exp(3.4260)

= $30.75

#### Description

- The secondary trend is decreasing.
- The decline rate of the secondary trend is 40.31% per annum.
- PECO price at the close of May 23, 2024 was inside the secondary price channel.