Mesa Competitors

Delisted . USA . 
Stock . Mesa Air Group
MESADelisted Stock  USD 21.00  19.62  1,422%   
Mesa Air Group competes with System1, ESS Tech, Mega Matrix, Supercom, and Primech Holdings; as well as few others. The company conducts business under Passenger Airlines sector and is part of Industrials industry. Analyzing Mesa Air competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Mesa Air to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Mesa Air vs Spirit Aviation Correlation

Excellent diversification

The correlation between Mesa Air Group and FLYY is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesa Air Group and FLYY in the same portfolio, assuming nothing else is changed.

Moving against Mesa Stock

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Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mesa Air's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
16.0921.1326.17
Details
Intrinsic
Valuation
LowRealHigh
13.2218.2623.30
Details
Naive
Forecast
LowNextHigh
15.6520.6925.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.0921.2524.41
Details

Mesa Air Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Mesa Air and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Mesa and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Mesa Air Group does not affect the price movement of the other competitor.

High positive correlations

FLYY
+ 0.91
GWH
DFLI
+ 0.81
GWH
FLYY
+ 0.79
PMEC
FLYY
+ 0.79
DFLI
PMEC
+ 0.72
GWH
PMEC
+ 0.71
SST
  

High negative correlations

FLYY
- 0.73
ADSE
ADSE
- 0.69
GWH
ADSE
- 0.54
AIRT
DFLI
- 0.47
ADSE
ADSE
- 0.37
PMEC
ADSE
- 0.22
SPCB

Risk-Adjusted Indicators

There is a big difference between Mesa Stock performing well and Mesa Air Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mesa Air's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Mesa Air Competitive Analysis

The better you understand Mesa Air competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Mesa Air's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Mesa Air's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
MESA SST GWH MPU SPCB PMEC AIRT ADSE DFLI FLYY
 1,422 
 21.00 
Mesa
 0.25 
 4.01 
System1
 9.32 
 1.46 
ESS
 3.39 
 0.57 
Mega
 4.79 
 8.35 
Supercom
 3.16 
 0.92 
Primech
 0.09 
 23.05 
Air
 4.18 
 10.31 
Ads
 6.43 
 2.62 
Chardan
 0.00 
 0.36 
Spirit
Market Volatility
(90 Days Market Risk)
Somewhat reliable
Relatively risky
Dangerous
Out of control
Somewhat reliable
Abnormally volatile
Not too volatile
Not too volatile
Risky
Very steady
Market Performance
(90 Days Performance)
Weakest
Weakest
Weakest
Weakest
Weakest
Weakest
Mild
Soft
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Hazard
High
High
Average
Moderate
Small
Small
Low
Small
Hazard
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Under Valued
Over Valued
Under Valued
Over Valued
Over Valued
Under Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Strong Buy
Hold
Strong Sell
Strong Buy
Not Available
Not Available
Hold
Strong Buy
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Strong Sell
Cautious Hold
Strong Sell
Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Not Rated
Current Ratio
0.4
0.73
9.06
N/A
5.22
N/A
4.66
3.86
2.3
N/A
Net Asset
596.86 M
459.13 M
71.81 M
19.46 M
45.92 M
41.2 M
173.78 M
145.23 M
75.21 M
9.6 B
Profit Margin
-0.44
-0.23
N/A
-0.53
0.16
-0.0261
-0.0201
-1.49
-0.6
N/A
EBITDA
(12 M)
14 M
(85.07 M)
(7.02 M)
5.46 M
3.01 M
7.97 M
(74.44 M)
(15.51 M)
N/A
Operating Margin
-0.0204
-0.25
-45.85
-1.77
0.1
-0.11
-0.0279
-2.05
-0.24
N/A
Current Valuation
137.69 M
239.97 M
57.68 M
31.68 M
53.31 M
41.83 M
178.99 M
695.11 M
96.94 M
N/A
Price To Book
0.33
0.76
7.13
1.07
1.13
2.45
902.05
16.86
6.34
N/A
Retained Earnings
(162.13 M)
(782.34 M)
(782.38 M)
(26.34 M)
(106.29 M)
(10.99 M)
2.13 M
(191.2 M)
(82.15 M)
(1.17 B)
Current Asset
150.29 M
N/A
N/A
N/A
48.08 M
N/A
38.96 M
N/A
N/A
N/A
Five Year Return
N/A
0.71
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
N/A
-0.28
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
2.49
1.54
1.48
1.63
0.95
1.25
0.37
0.35
-0.13
N/A
Number Of Employees
1.84 K
300
240
18
124
2.81 K
646
302
139
11.33 K
Shares Outstanding
41.88 M
8.13 M
30.65 M
61.88 M
4.68 M
38.42 M
2.7 M
60.12 M
12.08 M
N/A
Three Year Return
N/A
0.93
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash Flow From Operations
34.24 M
(5.25 M)
(72.22 M)
4.12 M
(1.29 M)
7.38 M
23.5 M
(16.29 M)
(7.18 M)
(758.09 M)
Total Debt
319.87 M
274.98 M
1.69 M
8.44 M
30.73 M
15.47 M
129.12 M
16.81 M
55.27 M
436.53 M
Return On Equity
-3.79
-1.19
-2.65
-0.62
0.15
-0.15
-0.35
-2.82
-14.6
N/A
Bond Positions Weight
N/A
98.37
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
0.0063
-0.0817
-0.59
-0.31
0.0112
-0.0733
-0.0076
-0.16
-0.16
N/A
Number Of Shares Shorted
276.13 K
194 K
488.2 K
1.51 M
74.04 K
52.99 K
16.48 K
76.58 K
1.52 M
N/A
Book Value Per Share
-1.27
5.27
-0.11
0.55
8.27
0.39
0.026
-0.31
-3.49
N/A
Current Liabilities
243.77 M
N/A
N/A
N/A
10.24 M
N/A
15.72 M
N/A
N/A
N/A
Total Asset
596.86 M
459.13 M
71.81 M
19.46 M
45.92 M
41.2 M
173.78 M
145.23 M
75.21 M
9.6 B
Debt To Equity
1.59
0.52
0.039
N/A
8.91
N/A
4.16
0.02
1.79
N/A
Short Ratio
2.17
12.54
1.09
11.17
0.87
2.76
10.67
2.59
1.38
N/A
Target Price
2.0
8.0
3.5
N/A
15.0
N/A
N/A
18.0
18.75
N/A
Shares Owned By Institutions
19.24
10.52
15.16
2.05
13.88
0.36
24.66
44.77
5.11
N/A
Market Capitalization
58.21 M
40.09 M
53.63 M
42.07 M
42.29 M
35.34 M
62.24 M
646.92 M
33.1 M
N/A
Price To Earning
1.46
41.15
N/A
N/A
-2.67
N/A
6.19
N/A
N/A
N/A
Price To Earnings To Growth
-1.48
0.51
0.16
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.14
0.14
8.91
1.35
1.58
0.48
0.22
14.26
0.57
N/A
Net Income
(91.02 M)
(97.3 M)
(86.22 M)
(10.5 M)
661 K
(2.22 M)
(5.41 M)
(97.96 M)
(40.62 M)
(1.23 B)
Earnings Per Share
-4.28
-8.64
-5.05
-0.37
-43.5
-0.05
-2.01
-1.52
-24.97
N/A
Shares Owned By Insiders
22.53
48.84
19.9
0.31
15.6
81.66
51.59
46.98
1.56
N/A
Revenue
476.41 M
343.93 M
6.29 M
36.18 M
27.64 M
74.35 M
291.85 M
110.01 M
50.65 M
4.91 B
Working Capital
(113.18 M)
29.38 M
15.76 M
9.55 M
22.52 M
8.14 M
30.85 M
53.2 M
11.07 M
339.76 M
Cash And Equivalents
54.45 M
63.61 M
13.34 M
8.87 M
2.91 M
N/A
8.09 M
65.72 M
10.52 M
N/A
Cash Per Share
1.5
0.41
1.25
N/A
0.08
N/A
2.82
1.35
0.47
N/A
Gross Profit
75.55 M
50.14 M
(31.16 M)
16.93 M
15.16 M
13.43 M
66.17 M
(2.91 M)
15.81 M
N/A
Day Typical Price
14.45
3.98
1.46
0.58
8.35
0.94
23.15
10.31
2.62
0.36
Accumulation Distribution
0.94
267.37
N/A
1640.3
N/A
0.0612
26.26
N/A
N/A
0.027
Market Facilitation Index
19.65
0.0
N/A
0.0
N/A
0.06
2.0E-4
N/A
N/A
0.01
Daily Balance Of Power
0.9985
0.05
0
(0.67)
0
(0.50)
0.0645
0
0
N/A
Period Momentum Indicator
19.62
0.01
(0.15)
(0.02)
(0.42)
(0.03)
0.02
(0.45)
(0.18)
N/A
Rate Of Daily Change
15.22
1.0
0.91
0.97
0.95
0.97
1.0
0.96
0.94
1.0
Day Median Price
11.18
3.97
1.46
0.59
8.35
0.95
23.21
10.31
2.62
0.37
Price Action Indicator
19.63
0.045
(0.07)
(0.03)
(0.21)
(0.04)
(0.14)
(0.22)
(0.09)
(0.01)
Coefficient Of Variation
1109.39
(1,789)
(647.45)
(926.44)
(1,555)
(720.84)
18638.08
2983.07
(620.62)
(942.22)
Mean Deviation
2.58
3.6
4.71
4.62
3.33
3.7
2.34
2.56
6.98
9.21
Jensen Alpha
0.3137
(0.37)
(1.26)
(0.85)
(0.35)
(0.81)
0.0041
0.082
(1.82)
(1.77)
Total Risk Alpha
0.0455
(0.65)
(1.63)
(1.26)
(0.57)
(1.19)
(0.23)
(0.15)
(2.28)
(3.22)
Sortino Ratio
0.0748
N/A
N/A
N/A
N/A
N/A
(0.01)
0.016
N/A
N/A
Downside Variance
10.96
N/A
N/A
N/A
N/A
N/A
16.04
10.19
N/A
N/A
Standard Deviation
3.46
4.95
7.11
6.84
4.06
5.54
3.26
3.45
9.67
17.79
Kurtosis
0.463
2.24
9.65
4.95
(0.14)
5.86
1.95
1.37
3.0
8.07
Potential Upside
6.11
8.03
6.71
7.2
6.59
6.86
5.4
5.43
13.98
14.29
Treynor Ratio
(1.43)
(0.20)
(0.39)
(0.38)
(0.18)
(1.54)
0.1199
0.2438
(0.34)
0.8178
Maximum Drawdown
16.91
26.87
61.03
44.14
17.61
27.96
19.21
19.26
58.61
90.07
Variance
12.0
24.55
50.55
46.84
16.49
30.69
10.63
11.89
93.46
316.56
Market Risk Adjusted Performance
(1.42)
(0.19)
(0.38)
(0.37)
(0.17)
(1.53)
0.1299
0.2538
(0.33)
0.8278
Risk Adjusted Performance
0.0742
(0.03)
(0.10)
(0.07)
(0.04)
(0.09)
0.0117
0.0325
(0.11)
(0.07)
Skewness
0.1138
(0.70)
(0.92)
1.04
(0.02)
(0.57)
(0.67)
0.3292
(0.42)
0.6657
Semi Deviation
3.05
N/A
N/A
N/A
N/A
N/A
3.72
3.08
N/A
N/A
Information Ratio
0.0715
(0.07)
(0.16)
(0.12)
(0.08)
(0.15)
(0.01)
0.0148
(0.17)
(0.11)
Value At Risk
(5.56)
(8.31)
(9.24)
(12.61)
(6.72)
(9.79)
(5.70)
(4.89)
(18.33)
(23.40)
Expected Short fall
(2.98)
N/A
N/A
N/A
N/A
N/A
(2.16)
(2.93)
N/A
N/A
Downside Deviation
3.31
N/A
N/A
N/A
N/A
N/A
4.01
3.19
N/A
N/A
Semi Variance
9.31
N/A
N/A
N/A
N/A
N/A
13.81
9.49
N/A
N/A

Mesa Air Competition Performance Charts

Five steps to successful analysis of Mesa Air Competition

Mesa Air's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Mesa Air Group in relation to its competition. Mesa Air's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Mesa Air in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Mesa Air's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Mesa Air Group, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Mesa Air position

In addition to having Mesa Air in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Hotels, inns, motels, and other companies providing lodging and hospitality services. The Hotels theme has 44 constituents at this time.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Other Consideration for investing in Mesa Stock

If you are still planning to invest in Mesa Air Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Mesa Air's history and understand the potential risks before investing.
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