Piper Sandler Companies (PIPR)
Piper Sandler Companies is an investment bank and institutional securities firm serving corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company is headquartered in Minneapolis, Minnesota.
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 57.34% per annum.
- PIPR price at the close of April 28, 2025 was $239.34 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 78.19% per annum.
- PIPR price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $2.16 (0.91%). This indicates a possible reversal in the secondary trend direction.
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 PIPR 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: November 6, 2024
End date: April 28, 2025
a = 9.7091
b = -0.0023
s = 0.0552
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0023) – 1
= -57.34%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0552) – 1
= 24.69%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 + 2 × s)
= Exp(a + b × 1,652 + 2 × s)
= Exp(9.7091 + -0.0023 × 1,652 + 2 × 0.0552)
= Exp(5.9636)
= $389.00
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,652 – 2 × s)
= Exp(9.7091 + -0.0023 × 1,652 – 2 × 0.0552)
= Exp(5.7429)
= $311.97
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.7091 + -0.0023 × 1,825 + 2 × 0.0552)
= Exp(5.5598)
= $259.77
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.7091 + -0.0023 × 1,825 – 2 × 0.0552)
= Exp(5.3391)
= $208.33
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 57.34% per annum.
- PIPR price at the close of April 28, 2025 was $239.34 and was inside the primary price channel.
Secondary Trend
Start date: January 28, 2025
End date: April 28, 2025
a = 12.9919
b = -0.0042
s = 0.0454
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0042) – 1
= -78.19%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0454) – 1
= 19.90%
January 28, 2025 calculations
Top border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 + 2 × s)
= Exp(a + b × 1,735 + 2 × s)
= Exp(12.9919 + -0.0042 × 1,735 + 2 × 0.0454)
= Exp(5.8443)
= $345.25
Bottom border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 – 2 × s)
= Exp(a + b × 1,735 – 2 × s)
= Exp(12.9919 + -0.0042 × 1,735 – 2 × 0.0454)
= Exp(5.6628)
= $287.96
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(12.9919 + -0.0042 × 1,825 + 2 × 0.0454)
= Exp(5.4688)
= $237.18
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(12.9919 + -0.0042 × 1,825 – 2 × 0.0454)
= Exp(5.2874)
= $197.82
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 78.19% per annum.
- PIPR price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $2.16 (0.91%). This indicates a possible reversal in the secondary trend direction.