Yes (more or less). Jitter matrices are a datatypes very similar to matrices in "pure" math. And Max is equipped with a wide range of mechanisms designed to operate on matrices and many - I think most - of them are, let's say "math-orineted". Here is an explanation of what matrix means for Max users:

https://docs.cycling74.com/max7/tutorials/jitterchapter00a_whatisamatrix