Evercore Partners Inc (EVR)
Evercore Inc., is an independent investment banking advisory firm in the United States, Europe, Latin America and internationally. The company is headquartered in New York, New York.
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 81.25% per annum.
- EVR price at the close of July 26, 2024 was $249.23 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,512.05% per annum.
- EVR 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 EVR 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: April 26, 2023
End date: July 26, 2024
a = 2.4456
b = 0.0016
s = 0.0526
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 81.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0526) – 1
= 23.44%
April 26, 2023 calculations
Top border of price channel:
Exp(Y943)
= Exp(a + b × X943 + 2 × s)
= Exp(a + b × 1,367 + 2 × s)
= Exp(2.4456 + 0.0016 × 1,367 + 2 × 0.0526)
= Exp(4.7781)
= $118.88
Bottom border of price channel:
Exp(Y943)
= Exp(a + b × X943 – 2 × s)
= Exp(a + b × 1,367 – 2 × s)
= Exp(2.4456 + 0.0016 × 1,367 – 2 × 0.0526)
= Exp(4.5676)
= $96.31
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(2.4456 + 0.0016 × 1,824 + 2 × 0.0526)
= Exp(5.5227)
= $250.32
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.4456 + 0.0016 × 1,824 – 2 × 0.0526)
= Exp(5.3122)
= $202.79
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 81.25% per annum.
- EVR price at the close of July 26, 2024 was $249.23 and was inside the primary price channel.
Secondary Trend
Start date: June 21, 2024
End date: July 26, 2024
a = -8.3667
b = 0.0076
s = 0.0228
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0076) – 1
= 1,512.05%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0228) – 1
= 9.53%
June 21, 2024 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,789 + 2 × s)
= Exp(-8.3667 + 0.0076 × 1,789 + 2 × 0.0228)
= Exp(5.3050)
= $201.34
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,789 – 2 × s)
= Exp(-8.3667 + 0.0076 × 1,789 – 2 × 0.0228)
= Exp(5.2140)
= $183.83
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(-8.3667 + 0.0076 × 1,824 + 2 × 0.0228)
= Exp(5.5716)
= $262.85
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-8.3667 + 0.0076 × 1,824 – 2 × 0.0228)
= Exp(5.4806)
= $239.98
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,512.05% per annum.
- EVR price at the close of July 26, 2024 was inside the secondary price channel.