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 10.69% per annum.
- TAP price at the close of March 31, 2025 was $60.87 and was higher than the top border of the primary price channel by $3.62 (6.33%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.63% per annum.
- TAP price at the close of March 31, 2025 was lower than the bottom border of the secondary price channel by $0.61 (1.00%). This indicates a possible reversal in the secondary trend direction.
- 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 1, 2023
End date: November 7, 2024
a = 4.4913
b = -0.0003
s = 0.0607
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -10.69%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0607) – 1
= 27.49%
May 1, 2023 calculations
Top border of price channel:
Exp(Y775)
= Exp(a + b × X775 + 2 × s)
= Exp(a + b × 1,125 + 2 × s)
= Exp(4.4913 + -0.0003 × 1,125 + 2 × 0.0607)
= Exp(4.2642)
= $71.11
Bottom border of price channel:
Exp(Y775)
= Exp(a + b × X775 – 2 × s)
= Exp(a + b × 1,125 – 2 × s)
= Exp(4.4913 + -0.0003 × 1,125 – 2 × 0.0607)
= Exp(4.0213)
= $55.77
November 7, 2024 calculations
Top border of price channel:
Exp(Y1,159)
= Exp(a + b × X1,159 + 2 × s)
= Exp(a + b × 1,681 + 2 × s)
= Exp(4.4913 + -0.0003 × 1,681 + 2 × 0.0607)
= Exp(4.0920)
= $59.86
Bottom border of price channel:
Exp(Y1,159)
= Exp(a + b × X1,159 – 2 × s)
= Exp(a + b × 1,681 – 2 × s)
= Exp(4.4913 + -0.0003 × 1,681 – 2 × 0.0607)
= Exp(3.8491)
= $46.95
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 10.69% per annum.
- TAP price at the close of March 31, 2025 was $60.87 and was higher than the top border of the primary price channel by $3.62 (6.33%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 22, 2024
End date: December 27, 2024
a = 2.4754
b = 0.0009
s = 0.0307
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0307) – 1
= 13.05%
May 22, 2024 calculations
Top border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 + 2 × s)
= Exp(a + b × 1,512 + 2 × s)
= Exp(2.4754 + 0.0009 × 1,512 + 2 × 0.0307)
= Exp(3.9491)
= $51.89
Bottom border of price channel:
Exp(Y1,042)
= Exp(a + b × X1,042 – 2 × s)
= Exp(a + b × 1,512 – 2 × s)
= Exp(2.4754 + 0.0009 × 1,512 – 2 × 0.0307)
= Exp(3.8264)
= $45.90
December 27, 2024 calculations
Top border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 + 2 × s)
= Exp(a + b × 1,731 + 2 × s)
= Exp(2.4754 + 0.0009 × 1,731 + 2 × 0.0307)
= Exp(4.1537)
= $63.67
Bottom border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 – 2 × s)
= Exp(a + b × 1,731 – 2 × s)
= Exp(2.4754 + 0.0009 × 1,731 – 2 × 0.0307)
= Exp(4.0310)
= $56.32
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 40.63% per annum.
- TAP price at the close of March 31, 2025 was lower than the bottom border of the secondary price channel by $0.61 (1.00%). This indicates a possible reversal in the secondary trend direction.