Mesa Graham Number from 2010 to 2026
| MTR Stock | USD 5.19 0.17 3.39% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 3.52 | Current Value 3.35 | Quarterly Volatility 11.10539485 |
Check Mesa Royalty financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mesa Royalty's main balance sheet or income statement drivers, such as Interest Expense of 913.9 K, Total Revenue of 637.8 K or Gross Profit of 550.3 K, as well as many indicators such as Price To Sales Ratio of 14.84, Dividend Yield of 0.0273 or PTB Ratio of 5.77. Mesa financial statements analysis is a perfect complement when working with Mesa Royalty Valuation or Volatility modules.
Mesa | Graham Number | Build AI portfolio with Mesa Stock |
Latest Mesa Royalty's Graham Number Growth Pattern
Below is the plot of the Graham Number of Mesa Royalty Trust over the last few years. It is Mesa Royalty's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Mesa Royalty's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
Mesa Graham Number Regression Statistics
| Arithmetic Mean | 9.52 | |
| Geometric Mean | 6.97 | |
| Coefficient Of Variation | 116.61 | |
| Mean Deviation | 6.01 | |
| Median | 6.80 | |
| Standard Deviation | 11.11 | |
| Sample Variance | 123.33 | |
| Range | 47.4717 | |
| R-Value | (0.61) | |
| Mean Square Error | 82.50 | |
| R-Squared | 0.37 | |
| Significance | 0.01 | |
| Slope | (1.34) | |
| Total Sum of Squares | 1,973 |
Mesa Graham Number History
About Mesa Royalty Financial Statements
Mesa Royalty shareholders use historical fundamental indicators, such as Graham Number, to determine how well the company is positioned to perform in the future. Although Mesa Royalty investors may analyze each financial statement separately, they are all interrelated. The changes in Mesa Royalty's assets and liabilities, for example, are also reflected in the revenues and expenses on on Mesa Royalty's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 3.52 | 3.35 |
Pair Trading with Mesa Royalty
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mesa Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mesa Royalty will appreciate offsetting losses from the drop in the long position's value.Moving together with Mesa Stock
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Moving against Mesa Stock
The ability to find closely correlated positions to Mesa Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mesa Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mesa Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mesa Royalty Trust to buy it.
The correlation of Mesa Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mesa Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mesa Royalty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mesa Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Mesa Stock Analysis
When running Mesa Royalty's price analysis, check to measure Mesa Royalty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mesa Royalty is operating at the current time. Most of Mesa Royalty's value examination focuses on studying past and present price action to predict the probability of Mesa Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mesa Royalty's price. Additionally, you may evaluate how the addition of Mesa Royalty to your portfolios can decrease your overall portfolio volatility.