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 29.20% per annum.
- APAM price at the close of April 3, 2025 was $37.00 and was lower than the bottom border of the primary price channel by $5.13 (12.18%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.89% per annum.
- APAM price at the close of April 3, 2025 was lower than the bottom border of the secondary price channel by $1.47 (3.81%). 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 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 29, 2022
End date: December 27, 2024
a = 2.6118
b = 0.0007
s = 0.0752
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 29.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0752) – 1
= 35.08%
August 29, 2022 calculations
Top border of price channel:
Exp(Y604)
= Exp(a + b × X604 + 2 × s)
= Exp(a + b × 875 + 2 × s)
= Exp(2.6118 + 0.0007 × 875 + 2 × 0.0752)
= Exp(3.3762)
= $29.26
Bottom border of price channel:
Exp(Y604)
= Exp(a + b × X604 – 2 × s)
= Exp(a + b × 875 – 2 × s)
= Exp(2.6118 + 0.0007 × 875 – 2 × 0.0752)
= Exp(3.0755)
= $21.66
December 27, 2024 calculations
Top border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 + 2 × s)
= Exp(a + b × 1,726 + 2 × s)
= Exp(2.6118 + 0.0007 × 1,726 + 2 × 0.0752)
= Exp(3.9734)
= $53.17
Bottom border of price channel:
Exp(Y1,190)
= Exp(a + b × X1,190 – 2 × s)
= Exp(a + b × 1,726 – 2 × s)
= Exp(2.6118 + 0.0007 × 1,726 – 2 × 0.0752)
= Exp(3.6727)
= $39.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 29.20% per annum.
- APAM price at the close of April 3, 2025 was $37.00 and was lower than the bottom border of the primary price channel by $5.13 (12.18%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 13, 2023
End date: April 3, 2025
a = 3.3765
b = 0.0002
s = 0.0529
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0529) – 1
= 23.58%
December 13, 2023 calculations
Top border of price channel:
Exp(Y929)
= Exp(a + b × X929 + 2 × s)
= Exp(a + b × 1,346 + 2 × s)
= Exp(3.3765 + 0.0002 × 1,346 + 2 × 0.0529)
= Exp(3.7623)
= $43.05
Bottom border of price channel:
Exp(Y929)
= Exp(a + b × X929 – 2 × s)
= Exp(a + b × 1,346 – 2 × s)
= Exp(3.3765 + 0.0002 × 1,346 – 2 × 0.0529)
= Exp(3.5506)
= $34.83
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.3765 + 0.0002 × 1,823 + 2 × 0.0529)
= Exp(3.8615)
= $47.54
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.3765 + 0.0002 × 1,823 – 2 × 0.0529)
= Exp(3.6498)
= $38.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.89% per annum.
- APAM price at the close of April 3, 2025 was lower than the bottom border of the secondary price channel by $1.47 (3.81%). This indicates a possible reversal in the secondary trend direction.