Molson Coors Brewing Co Class B (TAP)
The Molson Coors Beverage Company, commonly known as Molson Coors, is a multinational drink and brewing company headquartered in Chicago in the United States.
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 10.78% per annum.
- TAP price at the close of December 2, 2024 was $61.81 and was higher than the top border of the primary price channel by $1.58 (2.62%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 50.26% per annum.
- TAP price at the close of December 2, 2024 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 TAP 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: May 2, 2023
End date: November 7, 2024
a = 4.5477
b = -0.0003
s = 0.0606
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0606) – 1
= 27.43%
May 2, 2023 calculations
Top border of price channel:
Exp(Y858)
= Exp(a + b × X858 + 2 × s)
= Exp(a + b × 1,246 + 2 × s)
= Exp(4.5477 + -0.0003 × 1,246 + 2 × 0.0606)
= Exp(4.2795)
= $72.20
Bottom border of price channel:
Exp(Y858)
= Exp(a + b × X858 – 2 × s)
= Exp(a + b × 1,246 – 2 × s)
= Exp(4.5477 + -0.0003 × 1,246 – 2 × 0.0606)
= Exp(4.0371)
= $56.66
November 7, 2024 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(4.5477 + -0.0003 × 1,801 + 2 × 0.0606)
= Exp(4.1060)
= $60.70
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(4.5477 + -0.0003 × 1,801 – 2 × 0.0606)
= Exp(3.8636)
= $47.64
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 10.78% per annum.
- TAP price at the close of December 2, 2024 was $61.81 and was higher than the top border of the primary price channel by $1.58 (2.62%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 11, 2024
End date: December 2, 2024
a = 2.0566
b = 0.0011
s = 0.0258
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 50.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0258) – 1
= 10.87%
June 11, 2024 calculations
Top border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 + 2 × s)
= Exp(a + b × 1,652 + 2 × s)
= Exp(2.0566 + 0.0011 × 1,652 + 2 × 0.0258)
= Exp(3.9512)
= $52.00
Bottom border of price channel:
Exp(Y1,137)
= Exp(a + b × X1,137 – 2 × s)
= Exp(a + b × 1,652 – 2 × s)
= Exp(2.0566 + 0.0011 × 1,652 – 2 × 0.0258)
= Exp(3.8480)
= $46.90
December 2, 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(2.0566 + 0.0011 × 1,826 + 2 × 0.0258)
= Exp(4.1453)
= $63.14
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.0566 + 0.0011 × 1,826 – 2 × 0.0258)
= Exp(4.0421)
= $56.95
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 50.26% per annum.
- TAP price at the close of December 2, 2024 was inside the secondary price channel.