Arcanist is a star within the Constellation The Lover in Elder Scrolls Online.
With each point invested, the increase in Magicka Regeneration diminishes. That is to say, for the first 10 CP invested, you would gain a 2.9% increase in Magicka Regeneration. However, the next 10 CP spent (making a total of 20 CP spent), will earn you only 2.56% more Magicka Regeneration. This is 0.34% less than the increase gained in the first 10 CP.
As such, spending just 37 CP into Arcanist will already gain you a 9.09% increase in Magicka Regeneration. This means you will have gained 60% of the Maximum increase possible (which is 15.0%) by spending just 37 out of the total of 100 CP. Therefore, beyond this point, the increase in Magicka Regeneration received per 1 CP used is very small and not as worthwhile.