PJT Partners Inc (PJT)
PJT Partners Inc., an investment bank, provides a variety of shareholder, restructuring and special situations, and capital market advisory services to corporations, financial backers, institutional investors and governments worldwide. 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 55.45% per annum.
- PJT price at the close of July 26, 2024 was $126.38 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 351.62% per annum.
- PJT price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.23 (0.18%).
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 PJT 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 = 2.5365
b = 0.0012
s = 0.0583
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 55.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0583) – 1
= 26.27%
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(2.5365 + 0.0012 × 1,367 + 2 × 0.0583)
= Exp(4.3054)
= $74.10
Bottom border of price channel:
Exp(Y943)
= Exp(a + b × X943 – 2 × s)
= Exp(a + b × 1,367 – 2 × s)
= Exp(2.5365 + 0.0012 × 1,367 – 2 × 0.0583)
= Exp(4.0722)
= $58.68
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(2.5365 + 0.0012 × 1,824 + 2 × 0.0583)
= Exp(4.8578)
= $128.74
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.5365 + 0.0012 × 1,824 – 2 × 0.0583)
= Exp(4.6245)
= $101.95
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 55.45% per annum.
- PJT price at the close of July 26, 2024 was $126.38 and was inside the primary price channel.
Secondary Trend
Start date: June 10, 2024
End date: July 26, 2024
a = -2.7332
b = 0.0041
s = 0.0182
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0041) – 1
= 351.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0182) – 1
= 7.55%
June 10, 2024 calculations
Top border of price channel:
Exp(Y1,225)
= Exp(a + b × X1,225 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(-2.7332 + 0.0041 × 1,778 + 2 × 0.0182)
= Exp(4.6475)
= $104.32
Bottom border of price channel:
Exp(Y1,225)
= Exp(a + b × X1,225 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(-2.7332 + 0.0041 × 1,778 – 2 × 0.0182)
= Exp(4.5747)
= $97.00
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(-2.7332 + 0.0041 × 1,824 + 2 × 0.0182)
= Exp(4.8375)
= $126.15
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-2.7332 + 0.0041 × 1,824 – 2 × 0.0182)
= Exp(4.7647)
= $117.30
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 351.62% per annum.
- PJT price at the close of July 26, 2024 was higher than the top border of the secondary price channel by $0.23 (0.18%).