Marten Transport Ltd (MRTN)
Marten Transport, Ltd. is a leading provider of temperature-sensitive transportation services, specializing in the delivery of perishable goods across the United States, Canada, and Mexico. Headquartered in Mondovi, Wisconsin, the company operates a modern fleet equipped to handle diverse shipping requirements while ensuring compliance with industry standards. With a focus on optimizing supply chain solutions, Marten Transport leverages advanced logistics technology to enhance operational efficiency and maintain high levels of customer satisfaction.
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 21.67% per annum.
- MRTN price at the close of October 10, 2025 was $10.48 and was lower than the bottom border of the primary price channel by $0.33 (3.06%).
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.82% per annum.
- MRTN price at the close of October 10, 2025 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 MRTN 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: May 17, 2023
End date: October 10, 2025
a = 3.7214
b = -0.0007
s = 0.0606
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -21.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0606) – 1
= 27.43%
May 17, 2023 calculations
Top border of price channel:
Exp(Y652)
= Exp(a + b × X652 + 2 × s)
= Exp(a + b × 946 + 2 × s)
= Exp(3.7214 + -0.0007 × 946 + 2 × 0.0606)
= Exp(3.2097)
= $24.77
Bottom border of price channel:
Exp(Y652)
= Exp(a + b × X652 – 2 × s)
= Exp(a + b × 946 – 2 × s)
= Exp(3.7214 + -0.0007 × 946 – 2 × 0.0606)
= Exp(2.9673)
= $19.44
October 10, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.7214 + -0.0007 × 1,823 + 2 × 0.0606)
= Exp(2.6230)
= $13.78
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.7214 + -0.0007 × 1,823 – 2 × 0.0606)
= Exp(2.3805)
= $10.81
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 21.67% per annum.
- MRTN price at the close of October 10, 2025 was $10.48 and was lower than the bottom border of the primary price channel by $0.33 (3.06%).
Secondary Trend
Start date: November 5, 2024
End date: October 10, 2025
a = 4.6929
b = -0.0013
s = 0.0391
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0391) – 1
= 16.92%
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 + 2 × s)
= Exp(a + b × 1,484 + 2 × s)
= Exp(4.6929 + -0.0013 × 1,484 + 2 × 0.0391)
= Exp(2.9042)
= $18.25
Bottom border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 – 2 × s)
= Exp(a + b × 1,484 – 2 × s)
= Exp(4.6929 + -0.0013 × 1,484 – 2 × 0.0391)
= Exp(2.7478)
= $15.61
October 10, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.6929 + -0.0013 × 1,823 + 2 × 0.0391)
= Exp(2.4777)
= $11.91
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.6929 + -0.0013 × 1,823 – 2 × 0.0391)
= Exp(2.3213)
= $10.19
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.82% per annum.
- MRTN price at the close of October 10, 2025 was inside the secondary price channel.