Matthews International Corporation (MATW)
Matthews International Corporation offers global brand solutions, commemoration products and industrial technologies. The company is headquartered in Pittsburgh, Pennsylvania.
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 34.68% per annum.
- MATW price at the close of April 28, 2025 was $20.68 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 79.63% per annum.
- MATW price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $0.24 (1.16%). This indicates a possible reversal in the secondary trend direction.
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 MATW 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 28, 2023
End date: November 20, 2024
a = 5.0269
b = -0.0012
s = 0.0730
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -34.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0730) – 1
= 33.93%
April 28, 2023 calculations
Top border of price channel:
Exp(Y755)
= Exp(a + b × X755 + 2 × s)
= Exp(a + b × 1,094 + 2 × s)
= Exp(5.0269 + -0.0012 × 1,094 + 2 × 0.0730)
= Exp(3.8964)
= $49.23
Bottom border of price channel:
Exp(Y755)
= Exp(a + b × X755 – 2 × s)
= Exp(a + b × 1,094 – 2 × s)
= Exp(5.0269 + -0.0012 × 1,094 – 2 × 0.0730)
= Exp(3.6043)
= $36.76
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 + 2 × s)
= Exp(a + b × 1,666 + 2 × s)
= Exp(5.0269 + -0.0012 × 1,666 + 2 × 0.0730)
= Exp(3.2290)
= $25.25
Bottom border of price channel:
Exp(Y1,149)
= Exp(a + b × X1,149 – 2 × s)
= Exp(a + b × 1,666 – 2 × s)
= Exp(5.0269 + -0.0012 × 1,666 – 2 × 0.0730)
= Exp(2.9368)
= $18.86
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.68% per annum.
- MATW price at the close of April 28, 2025 was $20.68 and was inside the primary price channel.
Secondary Trend
Start date: January 8, 2025
End date: April 23, 2025
a = 10.9013
b = -0.0044
s = 0.0356
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0044) – 1
= -79.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0356) – 1
= 15.28%
January 8, 2025 calculations
Top border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 + 2 × s)
= Exp(a + b × 1,715 + 2 × s)
= Exp(10.9013 + -0.0044 × 1,715 + 2 × 0.0356)
= Exp(3.4971)
= $33.02
Bottom border of price channel:
Exp(Y1,181)
= Exp(a + b × X1,181 – 2 × s)
= Exp(a + b × 1,715 – 2 × s)
= Exp(10.9013 + -0.0044 × 1,715 – 2 × 0.0356)
= Exp(3.3549)
= $28.64
April 23, 2025 calculations
Top border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(10.9013 + -0.0044 × 1,820 + 2 × 0.0356)
= Exp(3.0395)
= $20.89
Bottom border of price channel:
Exp(Y1,252)
= Exp(a + b × X1,252 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(10.9013 + -0.0044 × 1,820 – 2 × 0.0356)
= Exp(2.8972)
= $18.12
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 79.63% per annum.
- MATW price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $0.24 (1.16%). This indicates a possible reversal in the secondary trend direction.