Match Group Inc (MTCH)
Match Group, Inc. offers dating products globally. The company is headquartered in Dallas, Texas.
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 47.24% per annum.
- MTCH price at the close of May 7, 2024 was $31.51 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.66% per annum.
- MTCH price at the close of May 7, 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 MTCH 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: December 15, 2020
End date: December 27, 2023
a = 6.3198
b = -0.0018
s = 0.1842
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0018) – 1
= -47.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1842) – 1
= 108.95%
December 15, 2020 calculations
Top border of price channel:
Exp(Y406)
= Exp(a + b × X406 + 2 × s)
= Exp(a + b × 587 + 2 × s)
= Exp(6.3198 + -0.0018 × 587 + 2 × 0.1842)
= Exp(5.6598)
= $287.10
Bottom border of price channel:
Exp(Y406)
= Exp(a + b × X406 – 2 × s)
= Exp(a + b × 587 – 2 × s)
= Exp(6.3198 + -0.0018 × 587 – 2 × 0.1842)
= Exp(4.9229)
= $137.41
December 27, 2023 calculations
Top border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 + 2 × s)
= Exp(a + b × 1,694 + 2 × s)
= Exp(6.3198 + -0.0018 × 1,694 + 2 × 0.1842)
= Exp(3.7204)
= $41.28
Bottom border of price channel:
Exp(Y1,168)
= Exp(a + b × X1,168 – 2 × s)
= Exp(a + b × 1,694 – 2 × s)
= Exp(6.3198 + -0.0018 × 1,694 – 2 × 0.1842)
= Exp(2.9835)
= $19.76
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 47.24% per annum.
- MTCH price at the close of May 7, 2024 was $31.51 and was inside the primary price channel.
Secondary Trend
Start date: September 20, 2022
End date: May 7, 2024
a = 4.5343
b = -0.0006
s = 0.1092
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -18.66%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1092) – 1
= 54.76%
September 20, 2022 calculations
Top border of price channel:
Exp(Y849)
= Exp(a + b × X849 + 2 × s)
= Exp(a + b × 1,231 + 2 × s)
= Exp(4.5343 + -0.0006 × 1,231 + 2 × 0.1092)
= Exp(4.0562)
= $57.76
Bottom border of price channel:
Exp(Y849)
= Exp(a + b × X849 – 2 × s)
= Exp(a + b × 1,231 – 2 × s)
= Exp(4.5343 + -0.0006 × 1,231 – 2 × 0.1092)
= Exp(3.6195)
= $37.32
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.5343 + -0.0006 × 1,826 + 2 × 0.1092)
= Exp(3.7196)
= $41.25
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.5343 + -0.0006 × 1,826 – 2 × 0.1092)
= Exp(3.2829)
= $26.65
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 18.66% per annum.
- MTCH price at the close of May 7, 2024 was inside the secondary price channel.