Tanger Factory Outlet Centers Inc (SKT)
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading operator of luxury outdoor outlet shopping centers that owns or has an ownership interest in a portfolio of 38 centers.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 131.61% per annum.
- SKT price at the close of November 19, 2024 was $36.51 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 618.64% per annum.
- SKT 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 SKT 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 21, 2024
End date: November 19, 2024
a = -0.6177
b = 0.0023
s = 0.0237
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 131.61%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0237) – 1
= 9.95%
June 21, 2024 calculations
Top border of price channel:
Exp(Y1,152)
= Exp(a + b × X1,152 + 2 × s)
= Exp(a + b × 1,675 + 2 × s)
= Exp(-0.6177 + 0.0023 × 1,675 + 2 × 0.0237)
= Exp(3.2839)
= $26.68
Bottom border of price channel:
Exp(Y1,152)
= Exp(a + b × X1,152 – 2 × s)
= Exp(a + b × 1,675 – 2 × s)
= Exp(-0.6177 + 0.0023 × 1,675 – 2 × 0.0237)
= Exp(3.1891)
= $24.27
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(-0.6177 + 0.0023 × 1,826 + 2 × 0.0237)
= Exp(3.6314)
= $37.76
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.6177 + 0.0023 × 1,826 – 2 × 0.0237)
= Exp(3.5365)
= $34.35
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 131.61% per annum.
- SKT price at the close of November 19, 2024 was $36.51 and was inside the primary price channel.
Secondary Trend
Start date: October 31, 2024
End date: November 19, 2024
a = -6.2603
b = 0.0054
s = 0.0164
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0054) – 1
= 618.64%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0164) – 1
= 6.77%
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(-6.2603 + 0.0054 × 1,807 + 2 × 0.0164)
= Exp(3.5361)
= $34.33
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(-6.2603 + 0.0054 × 1,807 – 2 × 0.0164)
= Exp(3.4707)
= $32.16
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(-6.2603 + 0.0054 × 1,826 + 2 × 0.0164)
= Exp(3.6388)
= $38.05
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-6.2603 + 0.0054 × 1,826 – 2 × 0.0164)
= Exp(3.5733)
= $35.64
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 618.64% per annum.
- SKT price at the close of November 19, 2024 was inside the secondary price channel.