Eerly Govt Ppty Inc (DEA)
Easterly Government Properties, Inc. (NYSE: DEA) is headquartered in Washington, DC and focuses primarily on the acquisition, development, and management of Class A commercial properties that are leased to the US government.
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 49.49% per annum.
- DEA price at the close of November 19, 2024 was $12.06 and was lower than the bottom border of the primary price channel by $1.22 (9.19%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.79% per annum.
- DEA price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $0.80 (6.21%). This indicates a possible reversal in the secondary trend direction.
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 DEA 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: February 5, 2024
End date: October 31, 2024
a = 0.6390
b = 0.0011
s = 0.0320
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 49.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0320) – 1
= 13.67%
February 5, 2024 calculations
Top border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 + 2 × s)
= Exp(a + b × 1,538 + 2 × s)
= Exp(0.6390 + 0.0011 × 1,538 + 2 × 0.0320)
= Exp(2.3971)
= $10.99
Bottom border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 – 2 × s)
= Exp(a + b × 1,538 – 2 × s)
= Exp(0.6390 + 0.0011 × 1,538 – 2 × 0.0320)
= Exp(2.2690)
= $9.67
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(0.6390 + 0.0011 × 1,807 + 2 × 0.0320)
= Exp(2.6935)
= $14.78
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(0.6390 + 0.0011 × 1,807 – 2 × 0.0320)
= Exp(2.5653)
= $13.01
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 49.49% per annum.
- DEA price at the close of November 19, 2024 was $12.06 and was lower than the bottom border of the primary price channel by $1.22 (9.19%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 15, 2024
End date: November 13, 2024
a = 2.3107
b = 0.0002
s = 0.0191
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 5.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0191) – 1
= 7.95%
July 15, 2024 calculations
Top border of price channel:
Exp(Y1,167)
= Exp(a + b × X1,167 + 2 × s)
= Exp(a + b × 1,699 + 2 × s)
= Exp(2.3107 + 0.0002 × 1,699 + 2 × 0.0191)
= Exp(2.6110)
= $13.61
Bottom border of price channel:
Exp(Y1,167)
= Exp(a + b × X1,167 – 2 × s)
= Exp(a + b × 1,699 – 2 × s)
= Exp(2.3107 + 0.0002 × 1,699 – 2 × 0.0191)
= Exp(2.5344)
= $12.61
November 13, 2024 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(2.3107 + 0.0002 × 1,820 + 2 × 0.0191)
= Exp(2.6296)
= $13.87
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(2.3107 + 0.0002 × 1,820 – 2 × 0.0191)
= Exp(2.5531)
= $12.85
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.79% per annum.
- DEA price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $0.80 (6.21%). This indicates a possible reversal in the secondary trend direction.