Sunstone Hotel Investors Inc (SHO)
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (REIT) that, as of the date of this release, has interests in 19 hotels with 9,997 rooms.
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 56.66% per annum.
- SHO price at the close of April 3, 2025 was $8.63 and was lower than the bottom border of the primary price channel by $0.48 (5.24%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 75.10% per annum.
- SHO price at the close of April 3, 2025 was lower than the bottom border of the secondary price channel by $0.15 (1.67%).
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 SHO 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: December 10, 2024
End date: April 2, 2025
a = 6.4361
b = -0.0023
s = 0.0254
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0023) – 1
= -56.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0254) – 1
= 10.71%
December 10, 2024 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,709 + 2 × s)
= Exp(6.4361 + -0.0023 × 1,709 + 2 × 0.0254)
= Exp(2.5720)
= $13.09
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,709 – 2 × s)
= Exp(6.4361 + -0.0023 × 1,709 – 2 × 0.0254)
= Exp(2.4703)
= $11.83
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,822 + 2 × s)
= Exp(6.4361 + -0.0023 × 1,822 + 2 × 0.0254)
= Exp(2.3131)
= $10.11
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,822 – 2 × s)
= Exp(6.4361 + -0.0023 × 1,822 – 2 × 0.0254)
= Exp(2.2114)
= $9.13
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 56.66% per annum.
- SHO price at the close of April 3, 2025 was $8.63 and was lower than the bottom border of the primary price channel by $0.48 (5.24%).
Secondary Trend
Start date: February 7, 2025
End date: April 3, 2025
a = 9.1608
b = -0.0038
s = 0.0229
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0038) – 1
= -75.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0229) – 1
= 9.58%
February 7, 2025 calculations
Top border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(9.1608 + -0.0038 × 1,768 + 2 × 0.0229)
= Exp(2.4731)
= $11.86
Bottom border of price channel:
Exp(Y1,217)
= Exp(a + b × X1,217 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(9.1608 + -0.0038 × 1,768 – 2 × 0.0229)
= Exp(2.3816)
= $10.82
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(9.1608 + -0.0038 × 1,823 + 2 × 0.0229)
= Exp(2.2636)
= $9.62
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(9.1608 + -0.0038 × 1,823 – 2 × 0.0229)
= Exp(2.1721)
= $8.78
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 75.10% per annum.
- SHO price at the close of April 3, 2025 was lower than the bottom border of the secondary price channel by $0.15 (1.67%).