Invitation Homes Inc (INVH)
Invitation Homes is the nation's leading single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, renovated homes with valuable features like proximity to jobs and access to good schools.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 6.97% per annum.
- INVH price at the close of November 19, 2024 was $34.03 and was higher than the top border of the primary price channel by $0.76 (2.28%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.07% per annum.
- INVH 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 INVH 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 24, 2021
End date: February 28, 2024
a = 3.7200
b = -0.0002
s = 0.0730
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0730) – 1
= 33.89%
May 24, 2021 calculations
Top border of price channel:
Exp(Y378)
= Exp(a + b × X378 + 2 × s)
= Exp(a + b × 551 + 2 × s)
= Exp(3.7200 + -0.0002 × 551 + 2 × 0.0730)
= Exp(3.7569)
= $42.81
Bottom border of price channel:
Exp(Y378)
= Exp(a + b × X378 – 2 × s)
= Exp(a + b × 551 – 2 × s)
= Exp(3.7200 + -0.0002 × 551 – 2 × 0.0730)
= Exp(3.4650)
= $31.98
February 28, 2024 calculations
Top border of price channel:
Exp(Y1,073)
= Exp(a + b × X1,073 + 2 × s)
= Exp(a + b × 1,561 + 2 × s)
= Exp(3.7200 + -0.0002 × 1,561 + 2 × 0.0730)
= Exp(3.5571)
= $35.06
Bottom border of price channel:
Exp(Y1,073)
= Exp(a + b × X1,073 – 2 × s)
= Exp(a + b × 1,561 – 2 × s)
= Exp(3.7200 + -0.0002 × 1,561 – 2 × 0.0730)
= Exp(3.2653)
= $26.19
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 6.97% per annum.
- INVH price at the close of November 19, 2024 was $34.03 and was higher than the top border of the primary price channel by $0.76 (2.28%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 7, 2022
End date: October 24, 2024
a = 3.0984
b = 0.0003
s = 0.0393
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 10.07%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0393) – 1
= 17.04%
October 7, 2022 calculations
Top border of price channel:
Exp(Y725)
= Exp(a + b × X725 + 2 × s)
= Exp(a + b × 1,052 + 2 × s)
= Exp(3.0984 + 0.0003 × 1,052 + 2 × 0.0393)
= Exp(3.4537)
= $31.62
Bottom border of price channel:
Exp(Y725)
= Exp(a + b × X725 – 2 × s)
= Exp(a + b × 1,052 – 2 × s)
= Exp(3.0984 + 0.0003 × 1,052 – 2 × 0.0393)
= Exp(3.2964)
= $27.01
October 24, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(3.0984 + 0.0003 × 1,800 + 2 × 0.0393)
= Exp(3.6504)
= $38.49
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(3.0984 + 0.0003 × 1,800 – 2 × 0.0393)
= Exp(3.4931)
= $32.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 10.07% per annum.
- INVH price at the close of November 19, 2024 was inside the secondary price channel.