Brightsphere Investment Group Inc (BSIG)
BrightSphere Investment Group Inc. is a publicly owned asset management portfolio company. The company is headquartered in Boston, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.46% per annum.
- BSIG price at the close of November 19, 2024 was $29.91 and was higher than the top border of the primary price channel by $3.68 (14.03%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.57% per annum.
- BSIG price at the close of November 19, 2024 was inside the secondary price channel.
- 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 BSIG 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: January 6, 2021
End date: July 11, 2024
a = 3.1725
b = -0.0001
s = 0.1353
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0001) – 1
= -3.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1353) – 1
= 71.78%
January 6, 2021 calculations
Top border of price channel:
Exp(Y283)
= Exp(a + b × X283 + 2 × s)
= Exp(a + b × 413 + 2 × s)
= Exp(3.1725 + -0.0001 × 413 + 2 × 0.1353)
= Exp(3.4032)
= $30.06
Bottom border of price channel:
Exp(Y283)
= Exp(a + b × X283 – 2 × s)
= Exp(a + b × 413 – 2 × s)
= Exp(3.1725 + -0.0001 × 413 – 2 × 0.1353)
= Exp(2.8621)
= $17.50
July 11, 2024 calculations
Top border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(3.1725 + -0.0001 × 1,695 + 2 × 0.1353)
= Exp(3.2795)
= $26.56
Bottom border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(3.1725 + -0.0001 × 1,695 – 2 × 0.1353)
= Exp(2.7385)
= $15.46
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 3.46% per annum.
- BSIG price at the close of November 19, 2024 was $29.91 and was higher than the top border of the primary price channel by $3.68 (14.03%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 3, 2023
End date: November 19, 2024
a = 1.3289
b = 0.0011
s = 0.0633
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 48.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0633) – 1
= 28.80%
October 3, 2023 calculations
Top border of price channel:
Exp(Y972)
= Exp(a + b × X972 + 2 × s)
= Exp(a + b × 1,413 + 2 × s)
= Exp(1.3289 + 0.0011 × 1,413 + 2 × 0.0633)
= Exp(2.9881)
= $19.85
Bottom border of price channel:
Exp(Y972)
= Exp(a + b × X972 – 2 × s)
= Exp(a + b × 1,413 – 2 × s)
= Exp(1.3289 + 0.0011 × 1,413 – 2 × 0.0633)
= Exp(2.7351)
= $15.41
November 19, 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(1.3289 + 0.0011 × 1,826 + 2 × 0.0633)
= Exp(3.4361)
= $31.07
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.3289 + 0.0011 × 1,826 – 2 × 0.0633)
= Exp(3.1830)
= $24.12
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 48.57% per annum.
- BSIG price at the close of November 19, 2024 was inside the secondary price channel.