SL Green Realty Corp (SLG)
SL Green Realty Corp.
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 128.37% per annum.
- SLG price at the close of July 26, 2024 was $64.61 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.03% per annum.
- SLG price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.07 (0.11%).
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 SLG 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: March 16, 2023
End date: July 26, 2024
a = 0.0320
b = 0.0023
s = 0.1036
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 128.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1036) – 1
= 51.32%
March 16, 2023 calculations
Top border of price channel:
Exp(Y915)
= Exp(a + b × X915 + 2 × s)
= Exp(a + b × 1,326 + 2 × s)
= Exp(0.0320 + 0.0023 × 1,326 + 2 × 0.1036)
= Exp(3.2392)
= $25.51
Bottom border of price channel:
Exp(Y915)
= Exp(a + b × X915 – 2 × s)
= Exp(a + b × 1,326 – 2 × s)
= Exp(0.0320 + 0.0023 × 1,326 – 2 × 0.1036)
= Exp(2.8249)
= $16.86
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.0320 + 0.0023 × 1,824 + 2 × 0.1036)
= Exp(4.3659)
= $78.72
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.0320 + 0.0023 × 1,824 – 2 × 0.1036)
= Exp(3.9516)
= $52.02
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 128.37% per annum.
- SLG price at the close of July 26, 2024 was $64.61 and was inside the primary price channel.
Secondary Trend
Start date: December 4, 2023
End date: July 26, 2024
a = 1.3111
b = 0.0015
s = 0.0438
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 74.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0438) – 1
= 19.13%
December 4, 2023 calculations
Top border of price channel:
Exp(Y1,096)
= Exp(a + b × X1,096 + 2 × s)
= Exp(a + b × 1,589 + 2 × s)
= Exp(1.3111 + 0.0015 × 1,589 + 2 × 0.0438)
= Exp(3.8105)
= $45.17
Bottom border of price channel:
Exp(Y1,096)
= Exp(a + b × X1,096 – 2 × s)
= Exp(a + b × 1,589 – 2 × s)
= Exp(1.3111 + 0.0015 × 1,589 – 2 × 0.0438)
= Exp(3.6355)
= $37.92
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.3111 + 0.0015 × 1,824 + 2 × 0.0438)
= Exp(4.1672)
= $64.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.3111 + 0.0015 × 1,824 – 2 × 0.0438)
= Exp(3.9922)
= $54.18
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 74.03% per annum.
- SLG price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.07 (0.11%).