Cousins Properties Incorporated (CUZ)
Cousins Properties is a fully integrated, self-managed and self-managed Real Estate Investment Trust (REIT).
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 139.87% per annum.
- CUZ price at the close of November 19, 2024 was $30.93 and was lower than the bottom border of the primary price channel by $0.17 (0.55%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 82.56% per annum.
- CUZ price at the close of November 19, 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 CUZ 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: May 23, 2024
End date: November 12, 2024
a = -0.8779
b = 0.0024
s = 0.0309
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 139.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0309) – 1
= 13.17%
May 23, 2024 calculations
Top border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 + 2 × s)
= Exp(a + b × 1,646 + 2 × s)
= Exp(-0.8779 + 0.0024 × 1,646 + 2 × 0.0309)
= Exp(3.1296)
= $22.86
Bottom border of price channel:
Exp(Y1,133)
= Exp(a + b × X1,133 – 2 × s)
= Exp(a + b × 1,646 – 2 × s)
= Exp(-0.8779 + 0.0024 × 1,646 – 2 × 0.0309)
= Exp(3.0058)
= $20.20
November 12, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(-0.8779 + 0.0024 × 1,819 + 2 × 0.0309)
= Exp(3.5442)
= $34.61
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(-0.8779 + 0.0024 × 1,819 – 2 × 0.0309)
= Exp(3.4205)
= $30.58
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 139.87% per annum.
- CUZ price at the close of November 19, 2024 was $30.93 and was lower than the bottom border of the primary price channel by $0.17 (0.55%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 26, 2024
End date: November 19, 2024
a = 0.4496
b = 0.0016
s = 0.0195
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 82.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0195) – 1
= 8.12%
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 + 2 × s)
= Exp(a + b × 1,710 + 2 × s)
= Exp(0.4496 + 0.0016 × 1,710 + 2 × 0.0195)
= Exp(3.3086)
= $27.35
Bottom border of price channel:
Exp(Y1,176)
= Exp(a + b × X1,176 – 2 × s)
= Exp(a + b × 1,710 – 2 × s)
= Exp(0.4496 + 0.0016 × 1,710 – 2 × 0.0195)
= Exp(3.2305)
= $25.29
November 19, 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(0.4496 + 0.0016 × 1,826 + 2 × 0.0195)
= Exp(3.4999)
= $33.11
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.4496 + 0.0016 × 1,826 – 2 × 0.0195)
= Exp(3.4218)
= $30.62
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 82.56% per annum.
- CUZ price at the close of November 19, 2024 was inside the secondary price channel.