SBA Communications Corp (SBAC)
SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.
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 18.98% per annum.
- SBAC price at the close of November 19, 2024 was $219.47 and was higher than the top border of the primary price channel by $12.21 (5.89%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 73.47% per annum.
- SBAC price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $16.36 (6.94%). This indicates a possible reversal in the secondary trend direction.
- 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 SBAC 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 14, 2021
End date: July 25, 2024
a = 6.2357
b = -0.0006
s = 0.0755
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.98%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0755) – 1
= 35.28%
July 14, 2021 calculations
Top border of price channel:
Exp(Y413)
= Exp(a + b × X413 + 2 × s)
= Exp(a + b × 602 + 2 × s)
= Exp(6.2357 + -0.0006 × 602 + 2 × 0.0755)
= Exp(6.0397)
= $419.77
Bottom border of price channel:
Exp(Y413)
= Exp(a + b × X413 – 2 × s)
= Exp(a + b × 602 – 2 × s)
= Exp(6.2357 + -0.0006 × 602 – 2 × 0.0755)
= Exp(5.7375)
= $310.30
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 + 2 × s)
= Exp(a + b × 1,709 + 2 × s)
= Exp(6.2357 + -0.0006 × 1,709 + 2 × 0.0755)
= Exp(5.4014)
= $221.72
Bottom border of price channel:
Exp(Y1,175)
= Exp(a + b × X1,175 – 2 × s)
= Exp(a + b × 1,709 – 2 × s)
= Exp(6.2357 + -0.0006 × 1,709 – 2 × 0.0755)
= Exp(5.0992)
= $163.90
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 18.98% per annum.
- SBAC price at the close of November 19, 2024 was $219.47 and was higher than the top border of the primary price channel by $12.21 (5.89%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 15, 2024
End date: October 28, 2024
a = 2.7807
b = 0.0015
s = 0.0367
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0015) – 1
= 73.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0367) – 1
= 15.83%
April 15, 2024 calculations
Top border of price channel:
Exp(Y1,105)
= Exp(a + b × X1,105 + 2 × s)
= Exp(a + b × 1,608 + 2 × s)
= Exp(2.7807 + 0.0015 × 1,608 + 2 × 0.0367)
= Exp(5.2810)
= $196.57
Bottom border of price channel:
Exp(Y1,105)
= Exp(a + b × X1,105 – 2 × s)
= Exp(a + b × 1,608 – 2 × s)
= Exp(2.7807 + 0.0015 × 1,608 – 2 × 0.0367)
= Exp(5.1341)
= $169.71
October 28, 2024 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,804 + 2 × s)
= Exp(2.7807 + 0.0015 × 1,804 + 2 × 0.0367)
= Exp(5.5768)
= $264.23
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,804 – 2 × s)
= Exp(2.7807 + 0.0015 × 1,804 – 2 × 0.0367)
= Exp(5.4299)
= $228.13
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 73.47% per annum.
- SBAC price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $16.36 (6.94%). This indicates a possible reversal in the secondary trend direction.