Centerspace (CSR)
IRET is a real estate company focused on the ownership, management, acquisition, remodeling and development of apartment communities.
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 21.36% per annum.
- CSR price at the close of March 31, 2025 was $64.75 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 24.68% per annum.
- CSR price at the close of March 31, 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 CSR 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 9, 2023
End date: January 3, 2025
a = 3.3256
b = 0.0005
s = 0.0808
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 21.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0808) – 1
= 38.14%
March 9, 2023 calculations
Top border of price channel:
Exp(Y739)
= Exp(a + b × X739 + 2 × s)
= Exp(a + b × 1,072 + 2 × s)
= Exp(3.3256 + 0.0005 × 1,072 + 2 × 0.0808)
= Exp(4.0557)
= $57.72
Bottom border of price channel:
Exp(Y739)
= Exp(a + b × X739 – 2 × s)
= Exp(a + b × 1,072 – 2 × s)
= Exp(3.3256 + 0.0005 × 1,072 – 2 × 0.0808)
= Exp(3.7326)
= $41.79
January 3, 2025 calculations
Top border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 + 2 × s)
= Exp(a + b × 1,738 + 2 × s)
= Exp(3.3256 + 0.0005 × 1,738 + 2 × 0.0808)
= Exp(4.4089)
= $82.18
Bottom border of price channel:
Exp(Y1,197)
= Exp(a + b × X1,197 – 2 × s)
= Exp(a + b × 1,738 – 2 × s)
= Exp(3.3256 + 0.0005 × 1,738 – 2 × 0.0808)
= Exp(4.0858)
= $59.49
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 21.36% per annum.
- CSR price at the close of March 31, 2025 was $64.75 and was inside the primary price channel.
Secondary Trend
Start date: August 13, 2024
End date: March 28, 2025
a = 5.5269
b = -0.0008
s = 0.0352
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0352) – 1
= 15.13%
August 13, 2024 calculations
Top border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 + 2 × s)
= Exp(a + b × 1,595 + 2 × s)
= Exp(5.5269 + -0.0008 × 1,595 + 2 × 0.0352)
= Exp(4.3592)
= $78.19
Bottom border of price channel:
Exp(Y1,098)
= Exp(a + b × X1,098 – 2 × s)
= Exp(a + b × 1,595 – 2 × s)
= Exp(5.5269 + -0.0008 × 1,595 – 2 × 0.0352)
= Exp(4.2182)
= $67.91
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(5.5269 + -0.0008 × 1,822 + 2 × 0.0352)
= Exp(4.1829)
= $65.56
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(5.5269 + -0.0008 × 1,822 – 2 × 0.0352)
= Exp(4.0420)
= $56.94
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 24.68% per annum.
- CSR price at the close of March 31, 2025 was inside the secondary price channel.