Prologis Inc (PLD)
Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.
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 4.95% per annum.
- PLD price at the close of July 25, 2024 was $120.43 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 91.16% per annum.
- PLD 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 PLD 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 15, 2021
End date: July 25, 2024
a = 4.9713
b = -0.0001
s = 0.1013
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -4.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1013) – 1
= 49.97%
July 15, 2021 calculations
Top border of price channel:
Exp(Y496)
= Exp(a + b × X496 + 2 × s)
= Exp(a + b × 720 + 2 × s)
= Exp(4.9713 + -0.0001 × 720 + 2 × 0.1013)
= Exp(5.0739)
= $159.79
Bottom border of price channel:
Exp(Y496)
= Exp(a + b × X496 – 2 × s)
= Exp(a + b × 720 – 2 × s)
= Exp(4.9713 + -0.0001 × 720 – 2 × 0.1013)
= Exp(4.6686)
= $106.55
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(4.9713 + -0.0001 × 1,826 + 2 × 0.1013)
= Exp(4.9201)
= $137.02
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.9713 + -0.0001 × 1,826 – 2 × 0.1013)
= Exp(4.5148)
= $91.36
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 4.95% per annum.
- PLD price at the close of July 25, 2024 was $120.43 and was inside the primary price channel.
Secondary Trend
Start date: April 18, 2024
End date: July 25, 2024
a = 1.5485
b = 0.0018
s = 0.0247
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 91.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0247) – 1
= 10.37%
April 18, 2024 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(1.5485 + 0.0018 × 1,728 + 2 × 0.0247)
= Exp(4.6652)
= $106.19
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(1.5485 + 0.0018 × 1,728 – 2 × 0.0247)
= Exp(4.5666)
= $96.21
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(1.5485 + 0.0018 × 1,826 + 2 × 0.0247)
= Exp(4.8392)
= $126.36
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.5485 + 0.0018 × 1,826 – 2 × 0.0247)
= Exp(4.7405)
= $114.49
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 91.16% per annum.
- PLD price at the close of July 25, 2024 was inside the secondary price channel.