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 increasing.
- The growth rate of the primary trend is 96.72% per annum.
- PIPR price at the close of July 25, 2024 was $267.98 and was higher than the top border of the primary price channel by $5.23 (1.99%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 864.55% per annum.
- PIPR price at the close of July 25, 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 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: September 21, 2023
End date: July 25, 2024
a = 2.0973
b = 0.0019
s = 0.0445
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 96.72%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0445) – 1
= 19.48%
September 21, 2023 calculations
Top border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 + 2 × s)
= Exp(a + b × 1,518 + 2 × s)
= Exp(2.0973 + 0.0019 × 1,518 + 2 × 0.0445)
= Exp(5.0003)
= $148.45
Bottom border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 – 2 × s)
= Exp(a + b × 1,518 – 2 × s)
= Exp(2.0973 + 0.0019 × 1,518 – 2 × 0.0445)
= Exp(4.8223)
= $124.25
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.0973 + 0.0019 × 1,826 + 2 × 0.0445)
= Exp(5.5712)
= $262.75
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.0973 + 0.0019 × 1,826 – 2 × 0.0445)
= Exp(5.3933)
= $219.92
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 96.72% per annum.
- PIPR price at the close of July 25, 2024 was $267.98 and was higher than the top border of the primary price channel by $5.23 (1.99%).
Secondary Trend
Start date: June 10, 2024
End date: July 25, 2024
a = -5.7566
b = 0.0062
s = 0.0180
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0062) – 1
= 864.55%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0180) – 1
= 7.45%
June 10, 2024 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,781 + 2 × s)
= Exp(-5.7566 + 0.0062 × 1,781 + 2 × 0.0180)
= Exp(5.3385)
= $208.21
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,781 – 2 × s)
= Exp(-5.7566 + 0.0062 × 1,781 – 2 × 0.0180)
= Exp(5.2667)
= $193.77
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-5.7566 + 0.0062 × 1,826 + 2 × 0.0180)
= Exp(5.6180)
= $275.33
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-5.7566 + 0.0062 × 1,826 – 2 × 0.0180)
= Exp(5.5461)
= $256.24
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 864.55% per annum.
- PIPR price at the close of July 25, 2024 was inside the secondary price channel.