Terreno Realty Corporation (TRNO)
Terreno Realty Corporation and together with its subsidiaries, the?
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 6.73% per annum.
- TRNO price at the close of April 2, 2025 was $63.89 and was higher than the top border of the primary price channel by $6.04 (10.44%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.28% per annum.
- TRNO price at the close of April 2, 2025 was inside the secondary price channel.
- 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 TRNO 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: May 20, 2021
End date: December 12, 2023
a = 4.2405
b = -0.0002
s = 0.0830
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -6.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0830) – 1
= 39.35%
May 20, 2021 calculations
Top border of price channel:
Exp(Y284)
= Exp(a + b × X284 + 2 × s)
= Exp(a + b × 412 + 2 × s)
= Exp(4.2405 + -0.0002 × 412 + 2 × 0.0830)
= Exp(4.3277)
= $75.77
Bottom border of price channel:
Exp(Y284)
= Exp(a + b × X284 – 2 × s)
= Exp(a + b × 412 – 2 × s)
= Exp(4.2405 + -0.0002 × 412 – 2 × 0.0830)
= Exp(3.9959)
= $54.37
December 12, 2023 calculations
Top border of price channel:
Exp(Y929)
= Exp(a + b × X929 + 2 × s)
= Exp(a + b × 1,348 + 2 × s)
= Exp(4.2405 + -0.0002 × 1,348 + 2 × 0.0830)
= Exp(4.1490)
= $63.37
Bottom border of price channel:
Exp(Y929)
= Exp(a + b × X929 – 2 × s)
= Exp(a + b × 1,348 – 2 × s)
= Exp(4.2405 + -0.0002 × 1,348 – 2 × 0.0830)
= Exp(3.8171)
= $45.47
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 6.73% per annum.
- TRNO price at the close of April 2, 2025 was $63.89 and was higher than the top border of the primary price channel by $6.04 (10.44%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 18, 2022
End date: April 2, 2025
a = 3.8433
b = 0.0002
s = 0.0613
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 6.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0613) – 1
= 27.80%
May 18, 2022 calculations
Top border of price channel:
Exp(Y535)
= Exp(a + b × X535 + 2 × s)
= Exp(a + b × 775 + 2 × s)
= Exp(3.8433 + 0.0002 × 775 + 2 × 0.0613)
= Exp(4.0953)
= $60.06
Bottom border of price channel:
Exp(Y535)
= Exp(a + b × X535 – 2 × s)
= Exp(a + b × 775 – 2 × s)
= Exp(3.8433 + 0.0002 × 775 – 2 × 0.0613)
= Exp(3.8501)
= $47.00
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.8433 + 0.0002 × 1,825 + 2 × 0.0613)
= Exp(4.2707)
= $71.57
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.8433 + 0.0002 × 1,825 – 2 × 0.0613)
= Exp(4.0254)
= $56.00
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 6.28% per annum.
- TRNO price at the close of April 2, 2025 was inside the secondary price channel.