VICI Properties Inc (VICI)
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.
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 5.16% per annum.
- VICI price at the close of November 19, 2024 was $32.22 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 54.53% per annum.
- VICI price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $0.31 (0.96%). This indicates a possible reversal in the secondary trend direction.
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 VICI 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: March 31, 2021
End date: August 22, 2024
a = 3.1642
b = 0.0001
s = 0.0614
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 5.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0614) – 1
= 27.83%
March 31, 2021 calculations
Top border of price channel:
Exp(Y341)
= Exp(a + b × X341 + 2 × s)
= Exp(a + b × 497 + 2 × s)
= Exp(3.1642 + 0.0001 × 497 + 2 × 0.0614)
= Exp(3.3555)
= $28.66
Bottom border of price channel:
Exp(Y341)
= Exp(a + b × X341 – 2 × s)
= Exp(a + b × 497 – 2 × s)
= Exp(3.1642 + 0.0001 × 497 – 2 × 0.0614)
= Exp(3.1099)
= $22.42
August 22, 2024 calculations
Top border of price channel:
Exp(Y1,195)
= Exp(a + b × X1,195 + 2 × s)
= Exp(a + b × 1,737 + 2 × s)
= Exp(3.1642 + 0.0001 × 1,737 + 2 × 0.0614)
= Exp(3.5263)
= $34.00
Bottom border of price channel:
Exp(Y1,195)
= Exp(a + b × X1,195 – 2 × s)
= Exp(a + b × 1,737 – 2 × s)
= Exp(3.1642 + 0.0001 × 1,737 – 2 × 0.0614)
= Exp(3.2807)
= $26.59
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 5.16% per annum.
- VICI price at the close of November 19, 2024 was $32.22 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: October 24, 2024
a = 1.3721
b = 0.0012
s = 0.0335
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 54.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0335) – 1
= 14.34%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(1.3721 + 0.0012 × 1,603 + 2 × 0.0335)
= Exp(3.3504)
= $28.51
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(1.3721 + 0.0012 × 1,603 – 2 × 0.0335)
= Exp(3.2164)
= $24.94
October 24, 2024 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(1.3721 + 0.0012 × 1,800 + 2 × 0.0335)
= Exp(3.5853)
= $36.06
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(1.3721 + 0.0012 × 1,800 – 2 × 0.0335)
= Exp(3.4513)
= $31.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 54.53% per annum.
- VICI price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $0.31 (0.96%). This indicates a possible reversal in the secondary trend direction.