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 66.87% per annum.
- PJT price at the close of April 29, 2025 was $141.46 and was lower than the bottom border of the primary price channel by $14.64 (9.38%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 77.01% per annum.
- PJT price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $8.70 (6.55%). This indicates a possible reversal in the secondary trend direction.
- 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 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: March 29, 2023
End date: March 3, 2025
a = 2.6295
b = 0.0014
s = 0.0696
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 66.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0696) – 1
= 32.09%
March 29, 2023 calculations
Top border of price channel:
Exp(Y733)
= Exp(a + b × X733 + 2 × s)
= Exp(a + b × 1,063 + 2 × s)
= Exp(2.6295 + 0.0014 × 1,063 + 2 × 0.0696)
= Exp(4.2598)
= $70.80
Bottom border of price channel:
Exp(Y733)
= Exp(a + b × X733 – 2 × s)
= Exp(a + b × 1,063 – 2 × s)
= Exp(2.6295 + 0.0014 × 1,063 – 2 × 0.0696)
= Exp(3.9815)
= $53.60
March 3, 2025 calculations
Top border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(2.6295 + 0.0014 × 1,768 + 2 × 0.0696)
= Exp(5.2488)
= $190.34
Bottom border of price channel:
Exp(Y1,215)
= Exp(a + b × X1,215 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(2.6295 + 0.0014 × 1,768 – 2 × 0.0696)
= Exp(4.9705)
= $144.10
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 66.87% per annum.
- PJT price at the close of April 29, 2025 was $141.46 and was lower than the bottom border of the primary price channel by $14.64 (9.38%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 28, 2025
End date: April 23, 2025
a = 12.1572
b = -0.0040
s = 0.0411
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0040) – 1
= -77.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0411) – 1
= 17.86%
January 28, 2025 calculations
Top border of price channel:
Exp(Y1,192)
= Exp(a + b × X1,192 + 2 × s)
= Exp(a + b × 1,734 + 2 × s)
= Exp(12.1572 + -0.0040 × 1,734 + 2 × 0.0411)
= Exp(5.2551)
= $191.54
Bottom border of price channel:
Exp(Y1,192)
= Exp(a + b × X1,192 – 2 × s)
= Exp(a + b × 1,734 – 2 × s)
= Exp(12.1572 + -0.0040 × 1,734 – 2 × 0.0411)
= Exp(5.0908)
= $162.52
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(12.1572 + -0.0040 × 1,819 + 2 × 0.0411)
= Exp(4.9127)
= $136.01
Bottom border of price channel:
Exp(Y1,251)
= Exp(a + b × X1,251 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(12.1572 + -0.0040 × 1,819 – 2 × 0.0411)
= Exp(4.7484)
= $115.40
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 77.01% per annum.
- PJT price at the close of April 29, 2025 was higher than the top border of the secondary price channel by $8.70 (6.55%). This indicates a possible reversal in the secondary trend direction.