Artisan Partners Asset Management Inc (APAM)
Artisan Partners Asset Management Inc. is a publicly owned investment manager. The company is headquartered in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.
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 29.32% per annum.
- APAM price at the close of April 1, 2025 was $39.61 and was lower than the bottom border of the primary price channel by $2.52 (5.97%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 8.21% per annum.
- APAM price at the close of April 1, 2025 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 APAM 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: August 31, 2022
End date: December 27, 2024
a = 2.6052
b = 0.0007
s = 0.0750
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0750) – 1
= 35.00%
August 31, 2022 calculations
Top border of price channel:
Exp(Y608)
= Exp(a + b × X608 + 2 × s)
= Exp(a + b × 881 + 2 × s)
= Exp(2.6052 + 0.0007 × 881 + 2 × 0.0750)
= Exp(3.3758)
= $29.25
Bottom border of price channel:
Exp(Y608)
= Exp(a + b × X608 – 2 × s)
= Exp(a + b × 881 – 2 × s)
= Exp(2.6052 + 0.0007 × 881 – 2 × 0.0750)
= Exp(3.0757)
= $21.67
December 27, 2024 calculations
Top border of price channel:
Exp(Y1,192)
= Exp(a + b × X1,192 + 2 × s)
= Exp(a + b × 1,730 + 2 × s)
= Exp(2.6052 + 0.0007 × 1,730 + 2 × 0.0750)
= Exp(3.9739)
= $53.19
Bottom border of price channel:
Exp(Y1,192)
= Exp(a + b × X1,192 – 2 × s)
= Exp(a + b × 1,730 – 2 × s)
= Exp(2.6052 + 0.0007 × 1,730 – 2 × 0.0750)
= Exp(3.6738)
= $39.40
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.32% per annum.
- APAM price at the close of April 1, 2025 was $39.61 and was lower than the bottom border of the primary price channel by $2.52 (5.97%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 13, 2023
End date: April 1, 2025
a = 3.3634
b = 0.0002
s = 0.0524
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 8.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0524) – 1
= 23.30%
December 13, 2023 calculations
Top border of price channel:
Exp(Y931)
= Exp(a + b × X931 + 2 × s)
= Exp(a + b × 1,350 + 2 × s)
= Exp(3.3634 + 0.0002 × 1,350 + 2 × 0.0524)
= Exp(3.7599)
= $42.94
Bottom border of price channel:
Exp(Y931)
= Exp(a + b × X931 – 2 × s)
= Exp(a + b × 1,350 – 2 × s)
= Exp(3.3634 + 0.0002 × 1,350 – 2 × 0.0524)
= Exp(3.5504)
= $34.83
April 1, 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(3.3634 + 0.0002 × 1,825 + 2 × 0.0524)
= Exp(3.8625)
= $47.58
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.3634 + 0.0002 × 1,825 – 2 × 0.0524)
= Exp(3.6531)
= $38.59
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 8.21% per annum.
- APAM price at the close of April 1, 2025 was inside the secondary price channel.