Artisan Partners Asset Management Inc (APAM)
Artisan Partners Asset Management Inc. is a publicly owned investment manager. The company is headquartered in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.
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 37.03% per annum.
- APAM price at the close of July 26, 2024 was $43.71 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.46% per annum.
- APAM price at the close of July 26, 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 APAM 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: September 14, 2022
End date: June 11, 2024
a = 2.2747
b = 0.0009
s = 0.0718
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0718) – 1
= 33.26%
September 14, 2022 calculations
Top border of price channel:
Exp(Y789)
= Exp(a + b × X789 + 2 × s)
= Exp(a + b × 1,143 + 2 × s)
= Exp(2.2747 + 0.0009 × 1,143 + 2 × 0.0718)
= Exp(3.4048)
= $30.11
Bottom border of price channel:
Exp(Y789)
= Exp(a + b × X789 – 2 × s)
= Exp(a + b × 1,143 – 2 × s)
= Exp(2.2747 + 0.0009 × 1,143 – 2 × 0.0718)
= Exp(3.1177)
= $22.59
June 11, 2024 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,779 + 2 × s)
= Exp(2.2747 + 0.0009 × 1,779 + 2 × 0.0718)
= Exp(3.9538)
= $52.13
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,779 – 2 × s)
= Exp(2.2747 + 0.0009 × 1,779 – 2 × 0.0718)
= Exp(3.6666)
= $39.12
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.03% per annum.
- APAM price at the close of July 26, 2024 was $43.71 and was inside the primary price channel.
Secondary Trend
Start date: December 14, 2023
End date: July 26, 2024
a = 3.6767
b = 0.0000
s = 0.0389
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0389) – 1
= 16.83%
December 14, 2023 calculations
Top border of price channel:
Exp(Y1,104)
= Exp(a + b × X1,104 + 2 × s)
= Exp(a + b × 1,599 + 2 × s)
= Exp(3.6767 + 0.0000 × 1,599 + 2 × 0.0389)
= Exp(3.8180)
= $45.51
Bottom border of price channel:
Exp(Y1,104)
= Exp(a + b × X1,104 – 2 × s)
= Exp(a + b × 1,599 – 2 × s)
= Exp(3.6767 + 0.0000 × 1,599 – 2 × 0.0389)
= Exp(3.6624)
= $38.95
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(3.6767 + 0.0000 × 1,824 + 2 × 0.0389)
= Exp(3.8269)
= $45.92
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(3.6767 + 0.0000 × 1,824 – 2 × 0.0389)
= Exp(3.6713)
= $39.30
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1.46% per annum.
- APAM price at the close of July 26, 2024 was inside the secondary price channel.