Antero Midstream Partners LP (AM)
Antero Midstream Corporation owns, operates and develops midstream energy infrastructure. The company is headquartered in Denver, Colorado.
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 19.56% per annum.
- AM price at the close of May 17, 2024 was $14.92 and was higher than the top border of the primary price channel by $0.83 (5.89%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 41.02% per annum.
- AM price at the close of May 17, 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 AM 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 10, 2021
End date: February 22, 2024
a = 1.6304
b = 0.0005
s = 0.0612
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 19.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0612) – 1
= 27.74%
February 10, 2021 calculations
Top border of price channel:
Exp(Y436)
= Exp(a + b × X436 + 2 × s)
= Exp(a + b × 632 + 2 × s)
= Exp(1.6304 + 0.0005 × 632 + 2 × 0.0612)
= Exp(2.0621)
= $7.86
Bottom border of price channel:
Exp(Y436)
= Exp(a + b × X436 – 2 × s)
= Exp(a + b × 632 – 2 × s)
= Exp(1.6304 + 0.0005 × 632 – 2 × 0.0612)
= Exp(1.8173)
= $6.16
February 22, 2024 calculations
Top border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 + 2 × s)
= Exp(a + b × 1,739 + 2 × s)
= Exp(1.6304 + 0.0005 × 1,739 + 2 × 0.0612)
= Exp(2.6039)
= $13.52
Bottom border of price channel:
Exp(Y1,198)
= Exp(a + b × X1,198 – 2 × s)
= Exp(a + b × 1,739 – 2 × s)
= Exp(1.6304 + 0.0005 × 1,739 – 2 × 0.0612)
= Exp(2.3591)
= $10.58
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 19.56% per annum.
- AM price at the close of May 17, 2024 was $14.92 and was higher than the top border of the primary price channel by $0.83 (5.89%).
Secondary Trend
Start date: February 21, 2023
End date: May 17, 2024
a = 0.9309
b = 0.0009
s = 0.0362
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 41.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0362) – 1
= 15.60%
February 21, 2023 calculations
Top border of price channel:
Exp(Y946)
= Exp(a + b × X946 + 2 × s)
= Exp(a + b × 1,373 + 2 × s)
= Exp(0.9309 + 0.0009 × 1,373 + 2 × 0.0362)
= Exp(2.2964)
= $9.94
Bottom border of price channel:
Exp(Y946)
= Exp(a + b × X946 – 2 × s)
= Exp(a + b × 1,373 – 2 × s)
= Exp(0.9309 + 0.0009 × 1,373 – 2 × 0.0362)
= Exp(2.1515)
= $8.60
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(0.9309 + 0.0009 × 1,824 + 2 × 0.0362)
= Exp(2.7212)
= $15.20
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.9309 + 0.0009 × 1,824 – 2 × 0.0362)
= Exp(2.5763)
= $13.15
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 41.02% per annum.
- AM price at the close of May 17, 2024 was inside the secondary price channel.