Morningstar Inc (MORN)
Morningstar, Inc. is a leading provider of independent investment research and data, catering to a global clientele across North America, Europe, Australia, and Asia. Headquartered in Chicago, Illinois, the company delivers insightful analysis and tools to investors, enabling them to make informed financial decisions. With a strong emphasis on transparency and integrity, Morningstar's comprehensive offerings include investment management, data analytics, and educational resources, positioning it as a trusted partner in the investment landscape.
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 35.11% per annum.
- MORN price at the close of January 6, 2026 was $215.63 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 52.11% per annum.
- MORN price at the close of January 6, 2026 was higher than the top border of the secondary price channel by $2.06 (0.96%). 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 MORN 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: October 11, 2024
End date: January 6, 2026
a = 7.5284
b = -0.0012
s = 0.0619
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0012) – 1
= -35.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0619) – 1
= 28.10%
October 11, 2024 calculations
Top border of price channel:
Exp(Y946)
= Exp(a + b × X946 + 2 × s)
= Exp(a + b × 1,373 + 2 × s)
= Exp(7.5284 + -0.0012 × 1,373 + 2 × 0.0619)
= Exp(6.0252)
= $413.70
Bottom border of price channel:
Exp(Y946)
= Exp(a + b × X946 – 2 × s)
= Exp(a + b × 1,373 – 2 × s)
= Exp(7.5284 + -0.0012 × 1,373 – 2 × 0.0619)
= Exp(5.7775)
= $322.96
January 6, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.5284 + -0.0012 × 1,825 + 2 × 0.0619)
= Exp(5.4895)
= $242.14
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.5284 + -0.0012 × 1,825 – 2 × 0.0619)
= Exp(5.2419)
= $189.02
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 35.11% per annum.
- MORN price at the close of January 6, 2026 was $215.63 and was inside the primary price channel.
Secondary Trend
Start date: May 12, 2025
End date: January 6, 2026
a = 8.9639
b = -0.0020
s = 0.0409
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0020) – 1
= -52.11%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0409) – 1
= 17.78%
May 12, 2025 calculations
Top border of price channel:
Exp(Y1,090)
= Exp(a + b × X1,090 + 2 × s)
= Exp(a + b × 1,586 + 2 × s)
= Exp(8.9639 + -0.0020 × 1,586 + 2 × 0.0409)
= Exp(5.8461)
= $345.89
Bottom border of price channel:
Exp(Y1,090)
= Exp(a + b × X1,090 – 2 × s)
= Exp(a + b × 1,586 – 2 × s)
= Exp(8.9639 + -0.0020 × 1,586 – 2 × 0.0409)
= Exp(5.6824)
= $293.67
January 6, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.9639 + -0.0020 × 1,825 + 2 × 0.0409)
= Exp(5.3640)
= $213.57
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.9639 + -0.0020 × 1,825 – 2 × 0.0409)
= Exp(5.2003)
= $181.32
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 52.11% per annum.
- MORN price at the close of January 6, 2026 was higher than the top border of the secondary price channel by $2.06 (0.96%). This indicates a possible reversal in the secondary trend direction.