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 67.12% per annum.
- MATX price at the close of July 25, 2024 was $127.90 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.70% per annum.
- MATX price at the close of July 25, 2024 was inside the secondary price channel.
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 28, 2022
End date: July 25, 2024
a = 2.3236
b = 0.0014
s = 0.0696
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0696) – 1
= 32.11%
November 28, 2022 calculations
Top border of price channel:
Exp(Y842)
= Exp(a + b × X842 + 2 × s)
= Exp(a + b × 1,221 + 2 × s)
= Exp(2.3236 + 0.0014 × 1,221 + 2 × 0.0696)
= Exp(4.1808)
= $65.42
Bottom border of price channel:
Exp(Y842)
= Exp(a + b × X842 – 2 × s)
= Exp(a + b × 1,221 – 2 × s)
= Exp(2.3236 + 0.0014 × 1,221 – 2 × 0.0696)
= Exp(3.9023)
= $49.52
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.3236 + 0.0014 × 1,826 + 2 × 0.0696)
= Exp(5.0320)
= $153.24
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.3236 + 0.0014 × 1,826 – 2 × 0.0696)
= Exp(4.7535)
= $115.99
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 67.12% per annum.
- MATX price at the close of July 25, 2024 was $127.90 and was inside the primary price channel.
Secondary Trend
Start date: December 18, 2023
End date: July 25, 2024
a = 3.6341
b = 0.0006
s = 0.0506
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 26.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0506) – 1
= 22.44%
December 18, 2023 calculations
Top border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 + 2 × s)
= Exp(a + b × 1,606 + 2 × s)
= Exp(3.6341 + 0.0006 × 1,606 + 2 × 0.0506)
= Exp(4.7765)
= $118.69
Bottom border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 – 2 × s)
= Exp(a + b × 1,606 – 2 × s)
= Exp(3.6341 + 0.0006 × 1,606 – 2 × 0.0506)
= Exp(4.5740)
= $96.93
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.6341 + 0.0006 × 1,826 + 2 × 0.0506)
= Exp(4.9191)
= $136.88
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.6341 + 0.0006 × 1,826 – 2 × 0.0506)
= Exp(4.7166)
= $111.79
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.70% per annum.
- MATX price at the close of July 25, 2024 was inside the secondary price channel.