Gaming & Leisure Properties (GLPI)
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 6.13% per annum.
- GLPI price at the close of October 16, 2024 was $51.31 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 63.82% per annum.
- GLPI price at the close of October 16, 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 GLPI 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: April 15, 2021
End date: August 22, 2024
a = 3.5555
b = 0.0002
s = 0.0542
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0542) – 1
= 24.23%
April 15, 2021 calculations
Top border of price channel:
Exp(Y375)
= Exp(a + b × X375 + 2 × s)
= Exp(a + b × 546 + 2 × s)
= Exp(3.5555 + 0.0002 × 546 + 2 × 0.0542)
= Exp(3.7530)
= $42.65
Bottom border of price channel:
Exp(Y375)
= Exp(a + b × X375 – 2 × s)
= Exp(a + b × 546 – 2 × s)
= Exp(3.5555 + 0.0002 × 546 – 2 × 0.0542)
= Exp(3.5360)
= $34.33
August 22, 2024 calculations
Top border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(3.5555 + 0.0002 × 1,771 + 2 × 0.0542)
= Exp(3.9527)
= $52.08
Bottom border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(3.5555 + 0.0002 × 1,771 – 2 × 0.0542)
= Exp(3.7358)
= $41.92
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 6.13% per annum.
- GLPI price at the close of October 16, 2024 was $51.31 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: October 16, 2024
a = 1.4953
b = 0.0014
s = 0.0245
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 63.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0245) – 1
= 10.29%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,126)
= Exp(a + b × X1,126 + 2 × s)
= Exp(a + b × 1,637 + 2 × s)
= Exp(1.4953 + 0.0014 × 1,637 + 2 × 0.0245)
= Exp(3.7581)
= $42.87
Bottom border of price channel:
Exp(Y1,126)
= Exp(a + b × X1,126 – 2 × s)
= Exp(a + b × 1,637 – 2 × s)
= Exp(1.4953 + 0.0014 × 1,637 – 2 × 0.0245)
= Exp(3.6602)
= $38.87
October 16, 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(1.4953 + 0.0014 × 1,826 + 2 × 0.0245)
= Exp(4.0137)
= $55.35
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4953 + 0.0014 × 1,826 – 2 × 0.0245)
= Exp(3.9158)
= $50.19
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 63.82% per annum.
- GLPI price at the close of October 16, 2024 was inside the secondary price channel.