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 47.21% per annum.
- CNS price at the close of January 27, 2025 was $90.03 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 72.17% per annum.
- CNS price at the close of January 27, 2025 was higher than the top border of the secondary price channel by $2.48 (2.84%). 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 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 26, 2023
End date: January 8, 2025
a = 2.6670
b = 0.0011
s = 0.0822
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 47.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0822) – 1
= 38.90%
April 26, 2023 calculations
Top border of price channel:
Exp(Y817)
= Exp(a + b × X817 + 2 × s)
= Exp(a + b × 1,184 + 2 × s)
= Exp(2.6670 + 0.0011 × 1,184 + 2 × 0.0822)
= Exp(4.0858)
= $59.49
Bottom border of price channel:
Exp(Y817)
= Exp(a + b × X817 – 2 × s)
= Exp(a + b × 1,184 – 2 × s)
= Exp(2.6670 + 0.0011 × 1,184 – 2 × 0.0822)
= Exp(3.7571)
= $42.83
January 8, 2025 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(2.6670 + 0.0011 × 1,807 + 2 × 0.0822)
= Exp(4.7458)
= $115.10
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(2.6670 + 0.0011 × 1,807 – 2 × 0.0822)
= Exp(4.4172)
= $82.86
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 47.21% per annum.
- CNS price at the close of January 27, 2025 was $90.03 and was inside the primary price channel.
Secondary Trend
Start date: November 21, 2024
End date: January 22, 2025
a = 10.8260
b = -0.0035
s = 0.0226
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0035) – 1
= -72.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0226) – 1
= 9.45%
November 21, 2024 calculations
Top border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 + 2 × s)
= Exp(a + b × 1,759 + 2 × s)
= Exp(10.8260 + -0.0035 × 1,759 + 2 × 0.0226)
= Exp(4.7070)
= $110.72
Bottom border of price channel:
Exp(Y1,214)
= Exp(a + b × X1,214 – 2 × s)
= Exp(a + b × 1,759 – 2 × s)
= Exp(10.8260 + -0.0035 × 1,759 – 2 × 0.0226)
= Exp(4.6167)
= $101.16
January 22, 2025 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(10.8260 + -0.0035 × 1,821 + 2 × 0.0226)
= Exp(4.4897)
= $89.09
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(10.8260 + -0.0035 × 1,821 – 2 × 0.0226)
= Exp(4.3994)
= $81.40
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 72.17% per annum.
- CNS price at the close of January 27, 2025 was higher than the top border of the secondary price channel by $2.48 (2.84%). This indicates a possible reversal in the secondary trend direction.