LXP Industrial Trust (LXP)
None
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 13.85% per annum.
- LXP price at the close of April 2, 2025 was $8.72 and was higher than the top border of the primary price channel by $0.46 (5.53%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.63% per annum.
- LXP price at the close of April 2, 2025 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 LXP 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: July 12, 2021
End date: June 21, 2024
a = 2.6636
b = -0.0004
s = 0.0969
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.85%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0969) – 1
= 47.35%
July 12, 2021 calculations
Top border of price channel:
Exp(Y319)
= Exp(a + b × X319 + 2 × s)
= Exp(a + b × 465 + 2 × s)
= Exp(2.6636 + -0.0004 × 465 + 2 × 0.0969)
= Exp(2.6675)
= $14.40
Bottom border of price channel:
Exp(Y319)
= Exp(a + b × X319 – 2 × s)
= Exp(a + b × 465 – 2 × s)
= Exp(2.6636 + -0.0004 × 465 – 2 × 0.0969)
= Exp(2.2798)
= $9.78
June 21, 2024 calculations
Top border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 + 2 × s)
= Exp(a + b × 1,540 + 2 × s)
= Exp(2.6636 + -0.0004 × 1,540 + 2 × 0.0969)
= Exp(2.2283)
= $9.28
Bottom border of price channel:
Exp(Y1,060)
= Exp(a + b × X1,060 – 2 × s)
= Exp(a + b × 1,540 – 2 × s)
= Exp(2.6636 + -0.0004 × 1,540 – 2 × 0.0969)
= Exp(1.8407)
= $6.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.85% per annum.
- LXP price at the close of April 2, 2025 was $8.72 and was higher than the top border of the primary price channel by $0.46 (5.53%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 9, 2022
End date: April 2, 2025
a = 2.2314
b = 0.0000
s = 0.0694
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -1.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0694) – 1
= 32.01%
May 9, 2022 calculations
Top border of price channel:
Exp(Y528)
= Exp(a + b × X528 + 2 × s)
= Exp(a + b × 766 + 2 × s)
= Exp(2.2314 + 0.0000 × 766 + 2 × 0.0694)
= Exp(2.3358)
= $10.34
Bottom border of price channel:
Exp(Y528)
= Exp(a + b × X528 – 2 × s)
= Exp(a + b × 766 – 2 × s)
= Exp(2.2314 + 0.0000 × 766 – 2 × 0.0694)
= Exp(2.0581)
= $7.83
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(2.2314 + 0.0000 × 1,825 + 2 × 0.0694)
= Exp(2.2882)
= $9.86
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(2.2314 + 0.0000 × 1,825 – 2 × 0.0694)
= Exp(2.0105)
= $7.47
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 1.63% per annum.
- LXP price at the close of April 2, 2025 was inside the secondary price channel.