Matson Inc (MATX)
Matson, Inc. provides logistics and shipping services. The company is headquartered in Honolulu, Hawaii.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 63.70% per annum.
- MATX price at the close of November 19, 2024 was $152.74 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 43.37% per annum.
- MATX price at the close of November 19, 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 MATX 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: November 22, 2022
End date: November 19, 2024
a = 2.5593
b = 0.0014
s = 0.0686
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 63.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0686) – 1
= 31.60%
November 22, 2022 calculations
Top border of price channel:
Exp(Y757)
= Exp(a + b × X757 + 2 × s)
= Exp(a + b × 1,098 + 2 × s)
= Exp(2.5593 + 0.0014 × 1,098 + 2 × 0.0686)
= Exp(4.1793)
= $65.32
Bottom border of price channel:
Exp(Y757)
= Exp(a + b × X757 – 2 × s)
= Exp(a + b × 1,098 – 2 × s)
= Exp(2.5593 + 0.0014 × 1,098 – 2 × 0.0686)
= Exp(3.9047)
= $49.64
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.5593 + 0.0014 × 1,826 + 2 × 0.0686)
= Exp(5.1624)
= $174.58
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5593 + 0.0014 × 1,826 – 2 × 0.0686)
= Exp(4.8878)
= $132.66
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 63.70% per annum.
- MATX price at the close of November 19, 2024 was $152.74 and was inside the primary price channel.
Secondary Trend
Start date: December 15, 2023
End date: November 19, 2024
a = 3.1691
b = 0.0010
s = 0.0561
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 43.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0561) – 1
= 25.17%
December 15, 2023 calculations
Top border of price channel:
Exp(Y1,024)
= Exp(a + b × X1,024 + 2 × s)
= Exp(a + b × 1,486 + 2 × s)
= Exp(3.1691 + 0.0010 × 1,486 + 2 × 0.0561)
= Exp(4.7479)
= $115.34
Bottom border of price channel:
Exp(Y1,024)
= Exp(a + b × X1,024 – 2 × s)
= Exp(a + b × 1,486 – 2 × s)
= Exp(3.1691 + 0.0010 × 1,486 – 2 × 0.0561)
= Exp(4.5234)
= $92.15
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.1691 + 0.0010 × 1,826 + 2 × 0.0561)
= Exp(5.0835)
= $161.33
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.1691 + 0.0010 × 1,826 – 2 × 0.0561)
= Exp(4.8590)
= $128.89
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 43.37% per annum.
- MATX price at the close of November 19, 2024 was inside the secondary price channel.