American Tower Corp (AMT)
American Tower Corporation (also referred to as American Tower or ATC) is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts.
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 149.15% per annum.
- AMT price at the close of April 2, 2025 was $217.90 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 68.70% per annum.
- AMT price at the close of April 2, 2025 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 AMT 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: January 6, 2025
End date: April 2, 2025
a = 0.8243
b = 0.0025
s = 0.0217
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 149.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0217) – 1
= 9.07%
January 6, 2025 calculations
Top border of price channel:
Exp(Y1,196)
= Exp(a + b × X1,196 + 2 × s)
= Exp(a + b × 1,739 + 2 × s)
= Exp(0.8243 + 0.0025 × 1,739 + 2 × 0.0217)
= Exp(5.2169)
= $184.37
Bottom border of price channel:
Exp(Y1,196)
= Exp(a + b × X1,196 – 2 × s)
= Exp(a + b × 1,739 – 2 × s)
= Exp(0.8243 + 0.0025 × 1,739 – 2 × 0.0217)
= Exp(5.1302)
= $169.04
April 2, 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(0.8243 + 0.0025 × 1,825 + 2 × 0.0217)
= Exp(5.4320)
= $228.61
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.8243 + 0.0025 × 1,825 – 2 × 0.0217)
= Exp(5.3452)
= $209.61
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 149.15% per annum.
- AMT price at the close of April 2, 2025 was $217.90 and was inside the primary price channel.
Secondary Trend
Start date: February 28, 2025
End date: April 2, 2025
a = 2.7645
b = 0.0014
s = 0.0116
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0116) – 1
= 4.76%
February 28, 2025 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,792 + 2 × s)
= Exp(2.7645 + 0.0014 × 1,792 + 2 × 0.0116)
= Exp(5.3553)
= $211.72
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,792 – 2 × s)
= Exp(2.7645 + 0.0014 × 1,792 – 2 × 0.0116)
= Exp(5.3088)
= $202.10
April 2, 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(2.7645 + 0.0014 × 1,825 + 2 × 0.0116)
= Exp(5.4026)
= $221.98
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.7645 + 0.0014 × 1,825 – 2 × 0.0116)
= Exp(5.3561)
= $211.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 68.70% per annum.
- AMT price at the close of April 2, 2025 was inside the secondary price channel.