Mesa Air Group Stock Price on September 30, 2024
MESA Stock | USD 0.87 0.01 1.16% |
If you're considering investing in Mesa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mesa Air stands at 0.87, as last reported on the 25th of November, with the highest price reaching 0.89 and the lowest price hitting 0.86 during the day. Mesa Air Group has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Mesa Air exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mesa Air's Risk Adjusted Performance of (0.10), mean deviation of 2.54, and Standard Deviation of 3.82 to check out the risk estimate we provide.
Mesa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mesa |
Sharpe Ratio = -0.1443
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Estimated Market Risk
3.82 actual daily | 34 66% of assets are more volatile |
Expected Return
-0.55 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mesa Air is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mesa Air by adding Mesa Air to a well-diversified portfolio.
Mesa Air Valuation on September 30, 2024
It is possible to determine the worth of Mesa Air on a given historical date. On September 30, 2024 Mesa was worth 1.16 at the beginning of the trading date compared to the closed value of 1.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mesa Air stock. Still, in general, we apply an absolute valuation method to find Mesa Air's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mesa Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mesa Air's related companies.
Open | High | Low | Close | Volume | |
1.20 | 1.21 | 1.15 | 1.18 | 118,481 | |
09/30/2024 | 1.16 | 1.23 | 1.15 | 1.21 | 135,295 |
1.18 | 1.19 | 1.14 | 1.14 | 82,251 |
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Mesa Air Trading Date Momentum on September 30, 2024
On October 01 2024 Mesa Air Group was traded for 1.14 at the closing time. The top price for the day was 1.19 and the lowest listed price was 1.14 . The trading volume for the day was 82.3 K. The trading history from October 1, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.79% . The trading delta at closing time against the current closing price is 0.83% . |
Mesa Air Group Fundamentals Correlations and Trends
By evaluating Mesa Air's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mesa Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mesa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mesa Air Stock history
Mesa Air investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mesa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mesa Air Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mesa Air stock prices may prove useful in developing a viable investing in Mesa Air
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona. Mesa Air operates under Airlines classification in the United States and is traded on NASDAQ Exchange. It employs 2600 people.
Mesa Air Stock Technical Analysis
Mesa Air technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Mesa Air Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Mesa Air Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mesa Air November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Mesa Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mesa Air shares will generate the highest return on investment. By undertsting and applying Mesa Air stock market strength indicators, traders can identify Mesa Air Group entry and exit signals to maximize returns
Mesa Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mesa Air's price direction in advance. Along with the technical and fundamental analysis of Mesa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mesa to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.10) | |||
Jensen Alpha | (0.57) | |||
Total Risk Alpha | (1.16) | |||
Treynor Ratio | (9.74) |
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Volume Indicators |
Complementary Tools for Mesa Stock analysis
When running Mesa Air's price analysis, check to measure Mesa Air'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 Air is operating at the current time. Most of Mesa Air's value examination focuses on studying past and present price action to predict the probability of Mesa Air'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 Air's price. Additionally, you may evaluate how the addition of Mesa Air to your portfolios can decrease your overall portfolio volatility.
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