Ready Capital Corp (RC)
Ready Capital Corporation, is a real estate finance company in the United States. The company is headquartered in New York, New York.
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 8.74% per annum.
- RC price at the close of January 27, 2025 was $6.90 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.74% per annum.
- RC price at the close of January 27, 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 RC 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: June 4, 2021
End date: January 27, 2025
a = 2.4495
b = -0.0003
s = 0.0704
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -8.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0704) – 1
= 32.50%
June 4, 2021 calculations
Top border of price channel:
Exp(Y341)
= Exp(a + b × X341 + 2 × s)
= Exp(a + b × 493 + 2 × s)
= Exp(2.4495 + -0.0003 × 493 + 2 × 0.0704)
= Exp(2.4667)
= $11.78
Bottom border of price channel:
Exp(Y341)
= Exp(a + b × X341 – 2 × s)
= Exp(a + b × 493 – 2 × s)
= Exp(2.4495 + -0.0003 × 493 – 2 × 0.0704)
= Exp(2.1853)
= $8.89
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.4495 + -0.0003 × 1,826 + 2 × 0.0704)
= Exp(2.1328)
= $8.44
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.4495 + -0.0003 × 1,826 – 2 × 0.0704)
= Exp(1.8513)
= $6.37
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 8.74% per annum.
- RC price at the close of January 27, 2025 was $6.90 and was inside the primary price channel.
Secondary Trend
Start date: June 12, 2023
End date: January 27, 2025
a = 2.8439
b = -0.0005
s = 0.0496
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0496) – 1
= 21.94%
June 12, 2023 calculations
Top border of price channel:
Exp(Y849)
= Exp(a + b × X849 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(2.8439 + -0.0005 × 1,231 + 2 × 0.0496)
= Exp(2.3252)
= $10.23
Bottom border of price channel:
Exp(Y849)
= Exp(a + b × X849 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(2.8439 + -0.0005 × 1,231 – 2 × 0.0496)
= Exp(2.1269)
= $8.39
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.8439 + -0.0005 × 1,826 + 2 × 0.0496)
= Exp(2.0266)
= $7.59
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.8439 + -0.0005 × 1,826 – 2 × 0.0496)
= Exp(1.8282)
= $6.22
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 16.74% per annum.
- RC price at the close of January 27, 2025 was inside the secondary price channel.