Prologis Inc (PLD)
Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.
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 3.18% per annum.
- PLD price at the close of March 31, 2025 was $111.79 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.06% per annum.
- PLD price at the close of March 31, 2025 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 PLD 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 20, 2021
End date: March 31, 2025
a = 4.8686
b = -0.0001
s = 0.0972
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0972) – 1
= 47.51%
July 20, 2021 calculations
Top border of price channel:
Exp(Y327)
= Exp(a + b × X327 + 2 × s)
= Exp(a + b × 475 + 2 × s)
= Exp(4.8686 + -0.0001 × 475 + 2 × 0.0972)
= Exp(5.0209)
= $151.54
Bottom border of price channel:
Exp(Y327)
= Exp(a + b × X327 – 2 × s)
= Exp(a + b × 475 – 2 × s)
= Exp(4.8686 + -0.0001 × 475 – 2 × 0.0972)
= Exp(4.6321)
= $102.73
March 31, 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(4.8686 + -0.0001 × 1,825 + 2 × 0.0972)
= Exp(4.9013)
= $134.47
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.8686 + -0.0001 × 1,825 – 2 × 0.0972)
= Exp(4.5126)
= $91.16
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.18% per annum.
- PLD price at the close of March 31, 2025 was $111.79 and was inside the primary price channel.
Secondary Trend
Start date: September 14, 2022
End date: March 31, 2025
a = 4.6180
b = 0.0001
s = 0.0737
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 3.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0737) – 1
= 34.27%
September 14, 2022 calculations
Top border of price channel:
Exp(Y618)
= Exp(a + b × X618 + 2 × s)
= Exp(a + b × 896 + 2 × s)
= Exp(4.6180 + 0.0001 × 896 + 2 × 0.0737)
= Exp(4.8394)
= $126.39
Bottom border of price channel:
Exp(Y618)
= Exp(a + b × X618 – 2 × s)
= Exp(a + b × 896 – 2 × s)
= Exp(4.6180 + 0.0001 × 896 – 2 × 0.0737)
= Exp(4.5447)
= $94.13
March 31, 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(4.6180 + 0.0001 × 1,825 + 2 × 0.0737)
= Exp(4.9161)
= $136.47
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.6180 + 0.0001 × 1,825 – 2 × 0.0737)
= Exp(4.6214)
= $101.64
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 3.06% per annum.
- PLD price at the close of March 31, 2025 was inside the secondary price channel.