Whitestone REIT (WSR)
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 42.09% per annum.
- WSR price at the close of November 19, 2024 was $14.59 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.70% per annum.
- WSR 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 WSR 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 9, 2023
End date: November 19, 2024
a = 0.9309
b = 0.0010
s = 0.0542
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 42.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0542) – 1
= 24.21%
March 9, 2023 calculations
Top border of price channel:
Exp(Y829)
= Exp(a + b × X829 + 2 × s)
= Exp(a + b × 1,205 + 2 × s)
= Exp(0.9309 + 0.0010 × 1,205 + 2 × 0.0542)
= Exp(2.1991)
= $9.02
Bottom border of price channel:
Exp(Y829)
= Exp(a + b × X829 – 2 × s)
= Exp(a + b × 1,205 – 2 × s)
= Exp(0.9309 + 0.0010 × 1,205 – 2 × 0.0542)
= Exp(1.9823)
= $7.26
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(0.9309 + 0.0010 × 1,826 + 2 × 0.0542)
= Exp(2.7968)
= $16.39
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.9309 + 0.0010 × 1,826 – 2 × 0.0542)
= Exp(2.5800)
= $13.20
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 42.09% per annum.
- WSR price at the close of November 19, 2024 was $14.59 and was inside the primary price channel.
Secondary Trend
Start date: December 4, 2023
End date: November 19, 2024
a = 1.4984
b = 0.0006
s = 0.0446
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0446) – 1
= 19.54%
December 4, 2023 calculations
Top border of price channel:
Exp(Y1,015)
= Exp(a + b × X1,015 + 2 × s)
= Exp(a + b × 1,475 + 2 × s)
= Exp(1.4984 + 0.0006 × 1,475 + 2 × 0.0446)
= Exp(2.5118)
= $12.33
Bottom border of price channel:
Exp(Y1,015)
= Exp(a + b × X1,015 – 2 × s)
= Exp(a + b × 1,475 – 2 × s)
= Exp(1.4984 + 0.0006 × 1,475 – 2 × 0.0446)
= Exp(2.3333)
= $10.31
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(1.4984 + 0.0006 × 1,826 + 2 × 0.0446)
= Exp(2.7317)
= $15.36
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4984 + 0.0006 × 1,826 – 2 × 0.0446)
= Exp(2.5533)
= $12.85
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.70% per annum.
- WSR price at the close of November 19, 2024 was inside the secondary price channel.