Whitestone REIT (WSR)
None
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 46.77% per annum.
- WSR price at the close of July 25, 2024 was $13.93 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 137.23% per annum.
- WSR price at the close of July 25, 2024 was inside the secondary price channel.
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 WSR 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 10, 2023
End date: July 25, 2024
a = 0.6966
b = 0.0011
s = 0.0560
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 46.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0560) – 1
= 25.11%
March 10, 2023 calculations
Top border of price channel:
Exp(Y912)
= Exp(a + b × X912 + 2 × s)
= Exp(a + b × 1,323 + 2 × s)
= Exp(0.6966 + 0.0011 × 1,323 + 2 × 0.0560)
= Exp(2.1993)
= $9.02
Bottom border of price channel:
Exp(Y912)
= Exp(a + b × X912 – 2 × s)
= Exp(a + b × 1,323 – 2 × s)
= Exp(0.6966 + 0.0011 × 1,323 – 2 × 0.0560)
= Exp(1.9753)
= $7.21
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(0.6966 + 0.0011 × 1,826 + 2 × 0.0560)
= Exp(2.7280)
= $15.30
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.6966 + 0.0011 × 1,826 – 2 × 0.0560)
= Exp(2.5040)
= $12.23
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 46.77% per annum.
- WSR price at the close of July 25, 2024 was $13.93 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: July 25, 2024
a = -1.6630
b = 0.0024
s = 0.0261
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 137.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0261) – 1
= 10.98%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 + 2 × s)
= Exp(a + b × 1,720 + 2 × s)
= Exp(-1.6630 + 0.0024 × 1,720 + 2 × 0.0261)
= Exp(2.4598)
= $11.70
Bottom border of price channel:
Exp(Y1,184)
= Exp(a + b × X1,184 – 2 × s)
= Exp(a + b × 1,720 – 2 × s)
= Exp(-1.6630 + 0.0024 × 1,720 – 2 × 0.0261)
= Exp(2.3556)
= $10.54
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(-1.6630 + 0.0024 × 1,826 + 2 × 0.0261)
= Exp(2.7107)
= $15.04
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.6630 + 0.0024 × 1,826 – 2 × 0.0261)
= Exp(2.6064)
= $13.55
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 137.23% per annum.
- WSR price at the close of July 25, 2024 was inside the secondary price channel.