Virtus Investment Partners, Inc. (VRTS)
Virtus Investment Partners, Inc. is a publicly owned investment manager. The company is headquartered in Hartford, Connecticut.
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 12.76% per annum.
- VRTS price at the close of January 27, 2025 was $210.22 and was higher than the top border of the primary price channel by $17.49 (9.07%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 13.62% per annum.
- VRTS price at the close of January 27, 2025 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 VRTS 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 5, 2021
End date: December 6, 2023
a = 5.6496
b = -0.0004
s = 0.1472
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.76%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1472) – 1
= 80.17%
January 5, 2021 calculations
Top border of price channel:
Exp(Y237)
= Exp(a + b × X237 + 2 × s)
= Exp(a + b × 343 + 2 × s)
= Exp(5.6496 + -0.0004 × 343 + 2 × 0.1472)
= Exp(5.8157)
= $335.53
Bottom border of price channel:
Exp(Y237)
= Exp(a + b × X237 – 2 × s)
= Exp(a + b × 343 – 2 × s)
= Exp(5.6496 + -0.0004 × 343 – 2 × 0.1472)
= Exp(5.2270)
= $186.23
December 6, 2023 calculations
Top border of price channel:
Exp(Y972)
= Exp(a + b × X972 + 2 × s)
= Exp(a + b × 1,408 + 2 × s)
= Exp(5.6496 + -0.0004 × 1,408 + 2 × 0.1472)
= Exp(5.4176)
= $225.33
Bottom border of price channel:
Exp(Y972)
= Exp(a + b × X972 – 2 × s)
= Exp(a + b × 1,408 – 2 × s)
= Exp(5.6496 + -0.0004 × 1,408 – 2 × 0.1472)
= Exp(4.8288)
= $125.06
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.76% per annum.
- VRTS price at the close of January 27, 2025 was $210.22 and was higher than the top border of the primary price channel by $17.49 (9.07%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 22, 2022
End date: January 27, 2025
a = 4.8123
b = 0.0003
s = 0.0842
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0003) – 1
= 13.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0842) – 1
= 40.02%
April 22, 2022 calculations
Top border of price channel:
Exp(Y564)
= Exp(a + b × X564 + 2 × s)
= Exp(a + b × 815 + 2 × s)
= Exp(4.8123 + 0.0003 × 815 + 2 × 0.0842)
= Exp(5.2657)
= $193.58
Bottom border of price channel:
Exp(Y564)
= Exp(a + b × X564 – 2 × s)
= Exp(a + b × 815 – 2 × s)
= Exp(4.8123 + 0.0003 × 815 – 2 × 0.0842)
= Exp(4.9291)
= $138.25
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.8123 + 0.0003 × 1,826 + 2 × 0.0842)
= Exp(5.6194)
= $275.72
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.8123 + 0.0003 × 1,826 – 2 × 0.0842)
= Exp(5.2828)
= $196.91
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 13.62% per annum.
- VRTS price at the close of January 27, 2025 was inside the secondary price channel.