Outfront Media Inc (OUT)
OUTFRONT harnesses the power of technology, location, and creativity to connect brands with consumers outside their homes through one of the largest and most diverse sets of billboards, public transportation, and mobile assets in North America.
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 70.93% per annum.
- OUT price at the close of November 20, 2024 was $18.77 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 122.60% per annum.
- OUT 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 OUT 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: August 8, 2023
End date: November 20, 2024
a = 0.2432
b = 0.0015
s = 0.0951
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 70.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0951) – 1
= 46.30%
August 8, 2023 calculations
Top border of price channel:
Exp(Y932)
= Exp(a + b × X932 + 2 × s)
= Exp(a + b × 1,356 + 2 × s)
= Exp(0.2432 + 0.0015 × 1,356 + 2 × 0.0951)
= Exp(2.4250)
= $11.30
Bottom border of price channel:
Exp(Y932)
= Exp(a + b × X932 – 2 × s)
= Exp(a + b × 1,356 – 2 × s)
= Exp(0.2432 + 0.0015 × 1,356 – 2 × 0.0951)
= Exp(2.0445)
= $7.73
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(0.2432 + 0.0015 × 1,826 + 2 × 0.0951)
= Exp(3.1153)
= $22.54
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.2432 + 0.0015 × 1,826 – 2 × 0.0951)
= Exp(2.7348)
= $15.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 70.93% per annum.
- OUT price at the close of November 20, 2024 was $18.77 and was inside the primary price channel.
Secondary Trend
Start date: May 28, 2024
End date: November 20, 2024
a = -1.0486
b = 0.0022
s = 0.0383
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0022) – 1
= 122.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0383) – 1
= 16.56%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 + 2 × s)
= Exp(a + b × 1,650 + 2 × s)
= Exp(-1.0486 + 0.0022 × 1,650 + 2 × 0.0383)
= Exp(2.6452)
= $14.09
Bottom border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 – 2 × s)
= Exp(a + b × 1,650 – 2 × s)
= Exp(-1.0486 + 0.0022 × 1,650 – 2 × 0.0383)
= Exp(2.4920)
= $12.09
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(-1.0486 + 0.0022 × 1,826 + 2 × 0.0383)
= Exp(3.0311)
= $20.72
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-1.0486 + 0.0022 × 1,826 – 2 × 0.0383)
= Exp(2.8779)
= $17.78
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 122.60% per annum.
- OUT price at the close of November 20, 2024 was inside the secondary price channel.