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 3.60% per annum.
- PLD price at the close of April 28, 2025 was $103.32 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.07% per annum.
- PLD price at the close of April 28, 2025 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: August 2, 2021
End date: April 28, 2025
a = 4.8785
b = -0.0001
s = 0.0975
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0975) – 1
= 47.72%
August 2, 2021 calculations
Top border of price channel:
Exp(Y317)
= Exp(a + b × X317 + 2 × s)
= Exp(a + b × 460 + 2 × s)
= Exp(4.8785 + -0.0001 × 460 + 2 × 0.0975)
= Exp(5.0273)
= $152.52
Bottom border of price channel:
Exp(Y317)
= Exp(a + b × X317 – 2 × s)
= Exp(a + b × 460 – 2 × s)
= Exp(4.8785 + -0.0001 × 460 – 2 × 0.0975)
= Exp(4.6372)
= $103.25
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.8785 + -0.0001 × 1,825 + 2 × 0.0975)
= Exp(4.8901)
= $132.97
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.8785 + -0.0001 × 1,825 – 2 × 0.0975)
= Exp(4.5000)
= $90.01
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.60% per annum.
- PLD price at the close of April 28, 2025 was $103.32 and was inside the primary price channel.
Secondary Trend
Start date: May 10, 2022
End date: April 28, 2025
a = 4.6912
b = 0.0000
s = 0.0761
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0761) – 1
= 35.57%
May 10, 2022 calculations
Top border of price channel:
Exp(Y512)
= Exp(a + b × X512 + 2 × s)
= Exp(a + b × 741 + 2 × s)
= Exp(4.6912 + 0.0000 × 741 + 2 × 0.0761)
= Exp(4.8650)
= $129.67
Bottom border of price channel:
Exp(Y512)
= Exp(a + b × X512 – 2 × s)
= Exp(a + b × 741 – 2 × s)
= Exp(4.6912 + 0.0000 × 741 – 2 × 0.0761)
= Exp(4.5606)
= $95.65
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.6912 + 0.0000 × 1,825 + 2 × 0.0761)
= Exp(4.8966)
= $133.84
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.6912 + 0.0000 × 1,825 – 2 × 0.0761)
= Exp(4.5923)
= $98.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.07% per annum.
- PLD price at the close of April 28, 2025 was inside the secondary price channel.