Materion Corporation (MTRN)
None
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 24.94% per annum.
- MTRN price at the close of April 29, 2025 was $83.16 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.17% per annum.
- MTRN price at the close of April 29, 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 MTRN 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 14, 2023
End date: April 29, 2025
a = 5.9244
b = -0.0008
s = 0.0712
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0712) – 1
= 32.93%
December 14, 2023 calculations
Top border of price channel:
Exp(Y913)
= Exp(a + b × X913 + 2 × s)
= Exp(a + b × 1,323 + 2 × s)
= Exp(5.9244 + -0.0008 × 1,323 + 2 × 0.0712)
= Exp(5.0271)
= $152.49
Bottom border of price channel:
Exp(Y913)
= Exp(a + b × X913 – 2 × s)
= Exp(a + b × 1,323 – 2 × s)
= Exp(5.9244 + -0.0008 × 1,323 – 2 × 0.0712)
= Exp(4.7424)
= $114.71
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.9244 + -0.0008 × 1,825 + 2 × 0.0712)
= Exp(4.6326)
= $102.78
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.9244 + -0.0008 × 1,825 – 2 × 0.0712)
= Exp(4.3479)
= $77.32
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 24.94% per annum.
- MTRN price at the close of April 29, 2025 was $83.16 and was inside the primary price channel.
Secondary Trend
Start date: November 6, 2024
End date: April 29, 2025
a = 8.8328
b = -0.0025
s = 0.0454
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0025) – 1
= -59.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0454) – 1
= 19.89%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 + 2 × s)
= Exp(a + b × 1,651 + 2 × s)
= Exp(8.8328 + -0.0025 × 1,651 + 2 × 0.0454)
= Exp(4.8717)
= $130.55
Bottom border of price channel:
Exp(Y1,138)
= Exp(a + b × X1,138 – 2 × s)
= Exp(a + b × 1,651 – 2 × s)
= Exp(8.8328 + -0.0025 × 1,651 – 2 × 0.0454)
= Exp(4.6903)
= $108.89
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.8328 + -0.0025 × 1,825 + 2 × 0.0454)
= Exp(4.4447)
= $85.18
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.8328 + -0.0025 × 1,825 – 2 × 0.0454)
= Exp(4.2633)
= $71.04
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 59.17% per annum.
- MTRN price at the close of April 29, 2025 was inside the secondary price channel.