Uniti Group Inc (UNIT)
Uniti, an internally managed real estate investment trust, is dedicated to the acquisition and construction of mission-critical communications infrastructure and is a leading provider of wireless infrastructure solutions for the communications industry.
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 545.60% per annum.
- UNIT price at the close of November 19, 2024 was $5.67 and was lower than the bottom border of the primary price channel by $0.01 (0.09%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 49.05% per annum.
- UNIT 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 UNIT 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 24, 2024
End date: November 12, 2024
a = -7.4300
b = 0.0051
s = 0.0820
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0051) – 1
= 545.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0820) – 1
= 38.81%
May 24, 2024 calculations
Top border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 + 2 × s)
= Exp(a + b × 1,647 + 2 × s)
= Exp(-7.4300 + 0.0051 × 1,647 + 2 × 0.0820)
= Exp(1.1494)
= $3.16
Bottom border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 – 2 × s)
= Exp(a + b × 1,647 – 2 × s)
= Exp(-7.4300 + 0.0051 × 1,647 – 2 × 0.0820)
= Exp(0.8215)
= $2.27
November 12, 2024 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(-7.4300 + 0.0051 × 1,819 + 2 × 0.0820)
= Exp(2.0283)
= $7.60
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(-7.4300 + 0.0051 × 1,819 – 2 × 0.0820)
= Exp(1.7003)
= $5.48
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 545.60% per annum.
- UNIT price at the close of November 19, 2024 was $5.67 and was lower than the bottom border of the primary price channel by $0.01 (0.09%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 5, 2024
End date: November 19, 2024
a = -0.2493
b = 0.0011
s = 0.0305
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 49.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0305) – 1
= 12.97%
September 5, 2024 calculations
Top border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,751 + 2 × s)
= Exp(-0.2493 + 0.0011 × 1,751 + 2 × 0.0305)
= Exp(1.7263)
= $5.62
Bottom border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,751 – 2 × s)
= Exp(-0.2493 + 0.0011 × 1,751 – 2 × 0.0305)
= Exp(1.6044)
= $4.97
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(-0.2493 + 0.0011 × 1,826 + 2 × 0.0305)
= Exp(1.8083)
= $6.10
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.2493 + 0.0011 × 1,826 – 2 × 0.0305)
= Exp(1.6864)
= $5.40
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 49.05% per annum.
- UNIT price at the close of November 19, 2024 was inside the secondary price channel.