Site Centers Corp (SITC)
SITE Centers owns and manages outdoor shopping centers that provide a highly engaging shopping experience and product mix for retail partners and consumers.
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 4.73% per annum.
- SITC price at the close of November 19, 2024 was $16.16 and was higher than the top border of the primary price channel by $5.62 (53.36%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.65% per annum.
- SITC price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $2.85 (21.46%).
- 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 SITC 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: February 19, 2021
End date: December 12, 2023
a = 2.4270
b = -0.0001
s = 0.0852
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -4.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0852) – 1
= 40.63%
February 19, 2021 calculations
Top border of price channel:
Exp(Y313)
= Exp(a + b × X313 + 2 × s)
= Exp(a + b × 457 + 2 × s)
= Exp(2.4270 + -0.0001 × 457 + 2 × 0.0852)
= Exp(2.5368)
= $12.64
Bottom border of price channel:
Exp(Y313)
= Exp(a + b × X313 – 2 × s)
= Exp(a + b × 457 – 2 × s)
= Exp(2.4270 + -0.0001 × 457 – 2 × 0.0852)
= Exp(2.1958)
= $8.99
December 12, 2023 calculations
Top border of price channel:
Exp(Y1,021)
= Exp(a + b × X1,021 + 2 × s)
= Exp(a + b × 1,483 + 2 × s)
= Exp(2.4270 + -0.0001 × 1,483 + 2 × 0.0852)
= Exp(2.4005)
= $11.03
Bottom border of price channel:
Exp(Y1,021)
= Exp(a + b × X1,021 – 2 × s)
= Exp(a + b × 1,483 – 2 × s)
= Exp(2.4270 + -0.0001 × 1,483 – 2 × 0.0852)
= Exp(2.0595)
= $7.84
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 4.73% per annum.
- SITC price at the close of November 19, 2024 was $16.16 and was higher than the top border of the primary price channel by $5.62 (53.36%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 13, 2022
End date: September 30, 2024
a = 1.7415
b = 0.0004
s = 0.0597
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.65%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0597) – 1
= 26.97%
September 13, 2022 calculations
Top border of price channel:
Exp(Y707)
= Exp(a + b × X707 + 2 × s)
= Exp(a + b × 1,028 + 2 × s)
= Exp(1.7415 + 0.0004 × 1,028 + 2 × 0.0597)
= Exp(2.2703)
= $9.68
Bottom border of price channel:
Exp(Y707)
= Exp(a + b × X707 – 2 × s)
= Exp(a + b × 1,028 – 2 × s)
= Exp(1.7415 + 0.0004 × 1,028 – 2 × 0.0597)
= Exp(2.0315)
= $7.63
September 30, 2024 calculations
Top border of price channel:
Exp(Y1,221)
= Exp(a + b × X1,221 + 2 × s)
= Exp(a + b × 1,776 + 2 × s)
= Exp(1.7415 + 0.0004 × 1,776 + 2 × 0.0597)
= Exp(2.5682)
= $13.04
Bottom border of price channel:
Exp(Y1,221)
= Exp(a + b × X1,221 – 2 × s)
= Exp(a + b × 1,776 – 2 × s)
= Exp(1.7415 + 0.0004 × 1,776 – 2 × 0.0597)
= Exp(2.3294)
= $10.27
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 15.65% per annum.
- SITC price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $2.85 (21.46%).