Veris Residential Inc (VRE)
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 16.77% per annum.
- VRE price at the close of April 29, 2025 was $15.34 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.69% per annum.
- VRE price at the close of April 29, 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 VRE 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 28, 2024
End date: April 29, 2025
a = 3.6685
b = -0.0005
s = 0.0357
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0357) – 1
= 15.37%
August 28, 2024 calculations
Top border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 + 2 × s)
= Exp(a + b × 1,581 + 2 × s)
= Exp(3.6685 + -0.0005 × 1,581 + 2 × 0.0357)
= Exp(2.9449)
= $19.01
Bottom border of price channel:
Exp(Y1,089)
= Exp(a + b × X1,089 – 2 × s)
= Exp(a + b × 1,581 – 2 × s)
= Exp(3.6685 + -0.0005 × 1,581 – 2 × 0.0357)
= Exp(2.8020)
= $16.48
April 29, 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(3.6685 + -0.0005 × 1,825 + 2 × 0.0357)
= Exp(2.8222)
= $16.81
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.6685 + -0.0005 × 1,825 – 2 × 0.0357)
= Exp(2.6793)
= $14.57
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 16.77% per annum.
- VRE price at the close of April 29, 2025 was $15.34 and was inside the primary price channel.
Secondary Trend
Start date: January 6, 2025
End date: April 29, 2025
a = 2.7369
b = 0.0000
s = 0.0309
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0309) – 1
= 13.15%
January 6, 2025 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,712 + 2 × s)
= Exp(2.7369 + 0.0000 × 1,712 + 2 × 0.0309)
= Exp(2.8310)
= $16.96
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,712 – 2 × s)
= Exp(2.7369 + 0.0000 × 1,712 – 2 × 0.0309)
= Exp(2.7075)
= $14.99
April 29, 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(2.7369 + 0.0000 × 1,825 + 2 × 0.0309)
= Exp(2.8332)
= $17.00
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.7369 + 0.0000 × 1,825 – 2 × 0.0309)
= Exp(2.7096)
= $15.02
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.69% per annum.
- VRE price at the close of April 29, 2025 was inside the secondary price channel.