Brightsphere Investment Group Inc (BSIG)
BrightSphere Investment Group Inc. is a publicly owned asset management portfolio company. The company is headquartered in Boston, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 5.50% per annum.
- BSIG price at the close of July 26, 2024 was $26.00 and was higher than the top border of the primary price channel by $0.33 (1.27%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 59.08% per annum.
- BSIG price at the close of July 26, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 BSIG 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: July 10, 2024
a = 3.2652
b = -0.0002
s = 0.1315
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -5.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1315) – 1
= 69.19%
March 31, 2021 calculations
Top border of price channel:
Exp(Y422)
= Exp(a + b × X422 + 2 × s)
= Exp(a + b × 611 + 2 × s)
= Exp(3.2652 + -0.0002 × 611 + 2 × 0.1315)
= Exp(3.4334)
= $30.98
Bottom border of price channel:
Exp(Y422)
= Exp(a + b × X422 – 2 × s)
= Exp(a + b × 611 – 2 × s)
= Exp(3.2652 + -0.0002 × 611 – 2 × 0.1315)
= Exp(2.9076)
= $18.31
July 10, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(3.2652 + -0.0002 × 1,808 + 2 × 0.1315)
= Exp(3.2479)
= $25.74
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(3.2652 + -0.0002 × 1,808 – 2 × 0.1315)
= Exp(2.7221)
= $15.21
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 5.50% per annum.
- BSIG price at the close of July 26, 2024 was $26.00 and was higher than the top border of the primary price channel by $0.33 (1.27%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 3, 2023
End date: July 26, 2024
a = 0.9010
b = 0.0013
s = 0.0600
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 59.08%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0600) – 1
= 27.15%
October 3, 2023 calculations
Top border of price channel:
Exp(Y1,053)
= Exp(a + b × X1,053 + 2 × s)
= Exp(a + b × 1,527 + 2 × s)
= Exp(0.9010 + 0.0013 × 1,527 + 2 × 0.0600)
= Exp(2.9633)
= $19.36
Bottom border of price channel:
Exp(Y1,053)
= Exp(a + b × X1,053 – 2 × s)
= Exp(a + b × 1,527 – 2 × s)
= Exp(0.9010 + 0.0013 × 1,527 – 2 × 0.0600)
= Exp(2.7231)
= $15.23
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(0.9010 + 0.0013 × 1,824 + 2 × 0.0600)
= Exp(3.3411)
= $28.25
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(0.9010 + 0.0013 × 1,824 – 2 × 0.0600)
= Exp(3.1009)
= $22.22
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 59.08% per annum.
- BSIG price at the close of July 26, 2024 was inside the secondary price channel.