Innovative Industrial Properties Inc (IIPR)
Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.
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 67.03% per annum.
- IIPR price at the close of November 19, 2024 was $106.20 and was lower than the bottom border of the primary price channel by $14.41 (11.95%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 96.18% per annum.
- IIPR price at the close of November 19, 2024 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 IIPR 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 4, 2023
End date: November 6, 2024
a = 2.3374
b = 0.0014
s = 0.0556
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0556) – 1
= 24.90%
April 4, 2023 calculations
Top border of price channel:
Exp(Y847)
= Exp(a + b × X847 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(2.3374 + 0.0014 × 1,231 + 2 × 0.0556)
= Exp(4.1787)
= $65.28
Bottom border of price channel:
Exp(Y847)
= Exp(a + b × X847 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(2.3374 + 0.0014 × 1,231 – 2 × 0.0556)
= Exp(3.9564)
= $52.27
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(2.3374 + 0.0014 × 1,813 + 2 × 0.0556)
= Exp(4.9966)
= $147.92
Bottom border of price channel:
Exp(Y1,248)
= Exp(a + b × X1,248 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(2.3374 + 0.0014 × 1,813 – 2 × 0.0556)
= Exp(4.7743)
= $118.43
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 67.03% per annum.
- IIPR price at the close of November 19, 2024 was $106.20 and was lower than the bottom border of the primary price channel by $14.41 (11.95%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 15, 2024
End date: November 19, 2024
a = 20.9727
b = -0.0089
s = 0.0552
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0089) – 1
= -96.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0552) – 1
= 24.71%
October 15, 2024 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,791 + 2 × s)
= Exp(20.9727 + -0.0089 × 1,791 + 2 × 0.0552)
= Exp(5.0657)
= $158.49
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,791 – 2 × s)
= Exp(20.9727 + -0.0089 × 1,791 – 2 × 0.0552)
= Exp(4.8448)
= $127.08
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(20.9727 + -0.0089 × 1,826 + 2 × 0.0552)
= Exp(4.7527)
= $115.90
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(20.9727 + -0.0089 × 1,826 – 2 × 0.0552)
= Exp(4.5318)
= $92.93
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 96.18% per annum.
- IIPR price at the close of November 19, 2024 was inside the secondary price channel.