Matson Inc (MATX)
Matson, Inc. provides logistics and shipping services. The company is headquartered in Honolulu, Hawaii.
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 62.58% per annum.
- MATX price at the close of April 28, 2025 was $106.62 and was lower than the bottom border of the primary price channel by $56.07 (34.46%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.56% per annum.
- MATX price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $9.35 (8.06%).
- 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 MATX 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: November 14, 2022
End date: December 17, 2024
a = 2.7991
b = 0.0013
s = 0.0686
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 62.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0686) – 1
= 31.60%
November 14, 2022 calculations
Top border of price channel:
Exp(Y642)
= Exp(a + b × X642 + 2 × s)
= Exp(a + b × 929 + 2 × s)
= Exp(2.7991 + 0.0013 × 929 + 2 × 0.0686)
= Exp(4.1734)
= $64.93
Bottom border of price channel:
Exp(Y642)
= Exp(a + b × X642 – 2 × s)
= Exp(a + b × 929 – 2 × s)
= Exp(2.7991 + 0.0013 × 929 – 2 × 0.0686)
= Exp(3.8988)
= $49.34
December 17, 2024 calculations
Top border of price channel:
Exp(Y1,167)
= Exp(a + b × X1,167 + 2 × s)
= Exp(a + b × 1,693 + 2 × s)
= Exp(2.7991 + 0.0013 × 1,693 + 2 × 0.0686)
= Exp(5.1907)
= $179.59
Bottom border of price channel:
Exp(Y1,167)
= Exp(a + b × X1,167 – 2 × s)
= Exp(a + b × 1,693 – 2 × s)
= Exp(2.7991 + 0.0013 × 1,693 – 2 × 0.0686)
= Exp(4.9161)
= $136.47
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 62.58% per annum.
- MATX price at the close of April 28, 2025 was $106.62 and was lower than the bottom border of the primary price channel by $56.07 (34.46%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 31, 2024
End date: April 2, 2025
a = 7.1042
b = -0.0012
s = 0.0378
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -36.56%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0378) – 1
= 16.34%
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 + 2 × s)
= Exp(a + b × 1,646 + 2 × s)
= Exp(7.1042 + -0.0012 × 1,646 + 2 × 0.0378)
= Exp(5.1278)
= $168.65
Bottom border of price channel:
Exp(Y1,135)
= Exp(a + b × X1,135 – 2 × s)
= Exp(a + b × 1,646 – 2 × s)
= Exp(7.1042 + -0.0012 × 1,646 – 2 × 0.0378)
= Exp(4.9765)
= $144.96
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(7.1042 + -0.0012 × 1,799 + 2 × 0.0378)
= Exp(4.9371)
= $139.37
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(7.1042 + -0.0012 × 1,799 – 2 × 0.0378)
= Exp(4.7857)
= $119.79
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.56% per annum.
- MATX price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $9.35 (8.06%).