Mueller Industries Inc (MLI)
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. The company is headquartered in Collierville, Tennessee.
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 97.81% per annum.
- MLI price at the close of November 19, 2024 was $90.68 and was higher than the top border of the primary price channel by $3.10 (3.54%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,235.79% per annum.
- MLI 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 MLI 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: September 5, 2023
End date: November 5, 2024
a = 0.9733
b = 0.0019
s = 0.0434
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.81%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0434) – 1
= 18.96%
September 5, 2023 calculations
Top border of price channel:
Exp(Y952)
= Exp(a + b × X952 + 2 × s)
= Exp(a + b × 1,385 + 2 × s)
= Exp(0.9733 + 0.0019 × 1,385 + 2 × 0.0434)
= Exp(3.6484)
= $38.41
Bottom border of price channel:
Exp(Y952)
= Exp(a + b × X952 – 2 × s)
= Exp(a + b × 1,385 – 2 × s)
= Exp(0.9733 + 0.0019 × 1,385 – 2 × 0.0434)
= Exp(3.4748)
= $32.29
November 5, 2024 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,812 + 2 × s)
= Exp(0.9733 + 0.0019 × 1,812 + 2 × 0.0434)
= Exp(4.4464)
= $85.32
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,812 – 2 × s)
= Exp(0.9733 + 0.0019 × 1,812 – 2 × 0.0434)
= Exp(4.2728)
= $71.72
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 97.81% per annum.
- MLI price at the close of November 19, 2024 was $90.68 and was higher than the top border of the primary price channel by $3.10 (3.54%).
Secondary Trend
Start date: October 2, 2024
End date: November 14, 2024
a = -8.3977
b = 0.0071
s = 0.0382
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0071) – 1
= 1,235.79%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0382) – 1
= 16.52%
October 2, 2024 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(-8.3977 + 0.0071 × 1,778 + 2 × 0.0382)
= Exp(4.3055)
= $74.11
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(-8.3977 + 0.0071 × 1,778 – 2 × 0.0382)
= Exp(4.1526)
= $63.60
November 14, 2024 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(-8.3977 + 0.0071 × 1,821 + 2 × 0.0382)
= Exp(4.6109)
= $100.57
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(-8.3977 + 0.0071 × 1,821 – 2 × 0.0382)
= Exp(4.4580)
= $86.31
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 1,235.79% per annum.
- MLI price at the close of November 19, 2024 was inside the secondary price channel.