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 62.71% per annum.
- MATX price at the close of March 31, 2025 was $128.17 and was lower than the bottom border of the primary price channel by $28.77 (18.33%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.88% per annum.
- MATX price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 15, 2022
End date: December 17, 2024
a = 2.7585
b = 0.0013
s = 0.0684
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 62.71%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0684) – 1
= 31.47%
November 15, 2022 calculations
Top border of price channel:
Exp(Y662)
= Exp(a + b × X662 + 2 × s)
= Exp(a + b × 958 + 2 × s)
= Exp(2.7585 + 0.0013 × 958 + 2 × 0.0684)
= Exp(4.1731)
= $64.92
Bottom border of price channel:
Exp(Y662)
= Exp(a + b × X662 – 2 × s)
= Exp(a + b × 958 – 2 × s)
= Exp(2.7585 + 0.0013 × 958 – 2 × 0.0684)
= Exp(3.8995)
= $49.38
December 17, 2024 calculations
Top border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 + 2 × s)
= Exp(a + b × 1,721 + 2 × s)
= Exp(2.7585 + 0.0013 × 1,721 + 2 × 0.0684)
= Exp(5.1908)
= $179.60
Bottom border of price channel:
Exp(Y1,186)
= Exp(a + b × X1,186 – 2 × s)
= Exp(a + b × 1,721 – 2 × s)
= Exp(2.7585 + 0.0013 × 1,721 – 2 × 0.0684)
= Exp(4.9171)
= $136.61
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 62.71% per annum.
- MATX price at the close of March 31, 2025 was $128.17 and was lower than the bottom border of the primary price channel by $28.77 (18.33%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 31, 2024
End date: March 31, 2025
a = 7.1632
b = -0.0013
s = 0.0381
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0013) – 1
= -36.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0381) – 1
= 16.47%
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 + 2 × s)
= Exp(a + b × 1,674 + 2 × s)
= Exp(7.1632 + -0.0013 × 1,674 + 2 × 0.0381)
= Exp(5.1291)
= $168.86
Bottom border of price channel:
Exp(Y1,154)
= Exp(a + b × X1,154 – 2 × s)
= Exp(a + b × 1,674 – 2 × s)
= Exp(7.1632 + -0.0013 × 1,674 – 2 × 0.0381)
= Exp(4.9766)
= $144.98
March 31, 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(7.1632 + -0.0013 × 1,825 + 2 × 0.0381)
= Exp(4.9387)
= $139.59
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.1632 + -0.0013 × 1,825 – 2 × 0.0381)
= Exp(4.7863)
= $119.85
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 36.88% per annum.
- MATX price at the close of March 31, 2025 was inside the secondary price channel.