Metallus, Inc (MTUS)
Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company is headquartered in Canton, Ohio.
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 26.24% per annum.
- MTUS price at the close of April 29, 2025 was $12.75 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 41.89% per annum.
- MTUS 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 MTUS 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: June 29, 2023
End date: April 29, 2025
a = 4.1556
b = -0.0008
s = 0.1047
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -26.24%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1047) – 1
= 52.00%
June 29, 2023 calculations
Top border of price channel:
Exp(Y796)
= Exp(a + b × X796 + 2 × s)
= Exp(a + b × 1,155 + 2 × s)
= Exp(4.1556 + -0.0008 × 1,155 + 2 × 0.1047)
= Exp(3.4021)
= $30.03
Bottom border of price channel:
Exp(Y796)
= Exp(a + b × X796 – 2 × s)
= Exp(a + b × 1,155 – 2 × s)
= Exp(4.1556 + -0.0008 × 1,155 – 2 × 0.1047)
= Exp(2.9834)
= $19.75
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(4.1556 + -0.0008 × 1,825 + 2 × 0.1047)
= Exp(2.8435)
= $17.18
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.1556 + -0.0008 × 1,825 – 2 × 0.1047)
= Exp(2.4248)
= $11.30
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 26.24% per annum.
- MTUS price at the close of April 29, 2025 was $12.75 and was inside the primary price channel.
Secondary Trend
Start date: March 20, 2024
End date: April 29, 2025
a = 5.2355
b = -0.0015
s = 0.0923
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0015) – 1
= -41.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0923) – 1
= 44.64%
March 20, 2024 calculations
Top border of price channel:
Exp(Y978)
= Exp(a + b × X978 + 2 × s)
= Exp(a + b × 1,420 + 2 × s)
= Exp(5.2355 + -0.0015 × 1,420 + 2 × 0.0923)
= Exp(3.3082)
= $27.34
Bottom border of price channel:
Exp(Y978)
= Exp(a + b × X978 – 2 × s)
= Exp(a + b × 1,420 – 2 × s)
= Exp(5.2355 + -0.0015 × 1,420 – 2 × 0.0923)
= Exp(2.9391)
= $18.90
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(5.2355 + -0.0015 × 1,825 + 2 × 0.0923)
= Exp(2.7059)
= $14.97
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.2355 + -0.0015 × 1,825 – 2 × 0.0923)
= Exp(2.3368)
= $10.35
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 41.89% per annum.
- MTUS price at the close of April 29, 2025 was inside the secondary price channel.