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 3.38% per annum.
- PLD price at the close of November 19, 2024 was $115.13 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 52.62% per annum.
- PLD price at the close of November 19, 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 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 12, 2021
End date: November 19, 2024
a = 4.9029
b = -0.0001
s = 0.1004
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.38%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1004) – 1
= 49.42%
July 12, 2021 calculations
Top border of price channel:
Exp(Y411)
= Exp(a + b × X411 + 2 × s)
= Exp(a + b × 600 + 2 × s)
= Exp(4.9029 + -0.0001 × 600 + 2 × 0.1004)
= Exp(5.0471)
= $155.58
Bottom border of price channel:
Exp(Y411)
= Exp(a + b × X411 – 2 × s)
= Exp(a + b × 600 – 2 × s)
= Exp(4.9029 + -0.0001 × 600 – 2 × 0.1004)
= Exp(4.6455)
= $104.12
November 19, 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(4.9029 + -0.0001 × 1,826 + 2 × 0.1004)
= Exp(4.9316)
= $138.60
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.9029 + -0.0001 × 1,826 – 2 × 0.1004)
= Exp(4.5300)
= $92.76
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.38% per annum.
- PLD price at the close of November 19, 2024 was $115.13 and was inside the primary price channel.
Secondary Trend
Start date: September 9, 2024
End date: November 19, 2024
a = 8.4580
b = -0.0020
s = 0.0163
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -52.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0163) – 1
= 6.76%
September 9, 2024 calculations
Top border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 + 2 × s)
= Exp(a + b × 1,755 + 2 × s)
= Exp(8.4580 + -0.0020 × 1,755 + 2 × 0.0163)
= Exp(4.8989)
= $134.14
Bottom border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 – 2 × s)
= Exp(a + b × 1,755 – 2 × s)
= Exp(8.4580 + -0.0020 × 1,755 – 2 × 0.0163)
= Exp(4.8335)
= $125.65
November 19, 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(8.4580 + -0.0020 × 1,826 + 2 × 0.0163)
= Exp(4.7536)
= $116.00
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(8.4580 + -0.0020 × 1,826 – 2 × 0.0163)
= Exp(4.6882)
= $108.66
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 52.62% per annum.
- PLD price at the close of November 19, 2024 was inside the secondary price channel.