Kite Realty Group Trust (KRG)
Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.
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 6.15% per annum.
- KRG price at the close of November 20, 2024 was $27.16 and was higher than the top border of the primary price channel by $2.62 (10.67%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 67.11% per annum.
- KRG price at the close of November 20, 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 KRG 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 17, 2021
End date: July 12, 2024
a = 2.7744
b = 0.0002
s = 0.0637
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0637) – 1
= 29.02%
February 17, 2021 calculations
Top border of price channel:
Exp(Y310)
= Exp(a + b × X310 + 2 × s)
= Exp(a + b × 454 + 2 × s)
= Exp(2.7744 + 0.0002 × 454 + 2 × 0.0637)
= Exp(2.9760)
= $19.61
Bottom border of price channel:
Exp(Y310)
= Exp(a + b × X310 – 2 × s)
= Exp(a + b × 454 – 2 × s)
= Exp(2.7744 + 0.0002 × 454 – 2 × 0.0637)
= Exp(2.7213)
= $15.20
July 12, 2024 calculations
Top border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(2.7744 + 0.0002 × 1,695 + 2 × 0.0637)
= Exp(3.1790)
= $24.02
Bottom border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(2.7744 + 0.0002 × 1,695 – 2 × 0.0637)
= Exp(2.9242)
= $18.62
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 6.15% per annum.
- KRG price at the close of November 20, 2024 was $27.16 and was higher than the top border of the primary price channel by $2.62 (10.67%).
Secondary Trend
Start date: March 14, 2024
End date: November 20, 2024
a = 0.7494
b = 0.0014
s = 0.0291
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0291) – 1
= 12.35%
March 14, 2024 calculations
Top border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 + 2 × s)
= Exp(a + b × 1,575 + 2 × s)
= Exp(0.7494 + 0.0014 × 1,575 + 2 × 0.0291)
= Exp(3.0234)
= $20.56
Bottom border of price channel:
Exp(Y1,083)
= Exp(a + b × X1,083 – 2 × s)
= Exp(a + b × 1,575 – 2 × s)
= Exp(0.7494 + 0.0014 × 1,575 – 2 × 0.0291)
= Exp(2.9070)
= $18.30
November 20, 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(0.7494 + 0.0014 × 1,826 + 2 × 0.0291)
= Exp(3.3765)
= $29.27
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.7494 + 0.0014 × 1,826 – 2 × 0.0291)
= Exp(3.2601)
= $26.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 67.11% per annum.
- KRG price at the close of November 20, 2024 was inside the secondary price channel.