Cohen & Steers Inc (CNS)
Cohen & Steers, Inc. is a publicly owned asset management portfolio company. The company is headquartered in New York, with additional offices in London, United Kingdom; Central, Hong Kong; Tokyo, Japan; and Seattle, Washington.
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 36.47% per annum.
- CNS price at the close of September 6, 2024 was $87.42 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 190.06% per annum.
- CNS price at the close of September 6, 2024 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 CNS 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 25, 2023
End date: September 6, 2024
a = 2.8360
b = 0.0009
s = 0.0750
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 36.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0750) – 1
= 35.00%
April 25, 2023 calculations
Top border of price channel:
Exp(Y913)
= Exp(a + b × X913 + 2 × s)
= Exp(a + b × 1,324 + 2 × s)
= Exp(2.8360 + 0.0009 × 1,324 + 2 × 0.0750)
= Exp(4.1140)
= $61.19
Bottom border of price channel:
Exp(Y913)
= Exp(a + b × X913 – 2 × s)
= Exp(a + b × 1,324 – 2 × s)
= Exp(2.8360 + 0.0009 × 1,324 – 2 × 0.0750)
= Exp(3.8139)
= $45.33
September 6, 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(2.8360 + 0.0009 × 1,824 + 2 × 0.0750)
= Exp(4.5399)
= $93.68
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.8360 + 0.0009 × 1,824 – 2 × 0.0750)
= Exp(4.2398)
= $69.39
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 36.47% per annum.
- CNS price at the close of September 6, 2024 was $87.42 and was inside the primary price channel.
Secondary Trend
Start date: May 28, 2024
End date: September 6, 2024
a = -0.8224
b = 0.0029
s = 0.0294
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 190.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0294) – 1
= 12.46%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 + 2 × s)
= Exp(a + b × 1,723 + 2 × s)
= Exp(-0.8224 + 0.0029 × 1,723 + 2 × 0.0294)
= Exp(4.2633)
= $71.05
Bottom border of price channel:
Exp(Y1,187)
= Exp(a + b × X1,187 – 2 × s)
= Exp(a + b × 1,723 – 2 × s)
= Exp(-0.8224 + 0.0029 × 1,723 – 2 × 0.0294)
= Exp(4.1459)
= $63.18
September 6, 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(-0.8224 + 0.0029 × 1,824 + 2 × 0.0294)
= Exp(4.5580)
= $95.39
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.8224 + 0.0029 × 1,824 – 2 × 0.0294)
= Exp(4.4406)
= $84.83
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 190.06% per annum.
- CNS price at the close of September 6, 2024 was inside the secondary price channel.