Veris Residential Inc (VRE)
None
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 38.99% per annum.
- VRE price at the close of November 19, 2024 was $18.31 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 63.00% per annum.
- VRE 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 VRE 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 26, 2024
End date: November 19, 2024
a = 1.2332
b = 0.0009
s = 0.0360
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 38.99%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0360) – 1
= 15.51%
February 26, 2024 calculations
Top border of price channel:
Exp(Y1,071)
= Exp(a + b × X1,071 + 2 × s)
= Exp(a + b × 1,559 + 2 × s)
= Exp(1.2332 + 0.0009 × 1,559 + 2 × 0.0360)
= Exp(2.7115)
= $15.05
Bottom border of price channel:
Exp(Y1,071)
= Exp(a + b × X1,071 – 2 × s)
= Exp(a + b × 1,559 – 2 × s)
= Exp(1.2332 + 0.0009 × 1,559 – 2 × 0.0360)
= Exp(2.5674)
= $13.03
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(1.2332 + 0.0009 × 1,826 + 2 × 0.0360)
= Exp(2.9524)
= $19.15
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.2332 + 0.0009 × 1,826 – 2 × 0.0360)
= Exp(2.8082)
= $16.58
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 38.99% per annum.
- VRE price at the close of November 19, 2024 was $18.31 and was inside the primary price channel.
Secondary Trend
Start date: June 10, 2024
End date: November 19, 2024
a = 0.4658
b = 0.0013
s = 0.0337
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 63.00%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0337) – 1
= 14.42%
June 10, 2024 calculations
Top border of price channel:
Exp(Y1,144)
= Exp(a + b × X1,144 + 2 × s)
= Exp(a + b × 1,664 + 2 × s)
= Exp(0.4658 + 0.0013 × 1,664 + 2 × 0.0337)
= Exp(2.7606)
= $15.81
Bottom border of price channel:
Exp(Y1,144)
= Exp(a + b × X1,144 – 2 × s)
= Exp(a + b × 1,664 – 2 × s)
= Exp(0.4658 + 0.0013 × 1,664 – 2 × 0.0337)
= Exp(2.6258)
= $13.82
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(0.4658 + 0.0013 × 1,826 + 2 × 0.0337)
= Exp(2.9774)
= $19.64
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.4658 + 0.0013 × 1,826 – 2 × 0.0337)
= Exp(2.8427)
= $17.16
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 63.00% per annum.
- VRE price at the close of November 19, 2024 was inside the secondary price channel.