| MTR Stock | | | USD 7.26 0.02 0.28% |
Mesa Royalty financial indicator trend analysis is infinitely more than just investigating Mesa Royalty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mesa Royalty Trust is a good investment. Please check the relationship between Mesa Royalty Other Operating Expenses and its Selling General Administrative accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Other Operating Expenses vs Selling General Administrative
Other Operating Expenses vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mesa Royalty Trust Other Operating Expenses account and
Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mesa Royalty's Other Operating Expenses and Selling General Administrative is -0.07. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Mesa Royalty Trust, assuming nothing else is changed. The correlation between historical values of Mesa Royalty's Other Operating Expenses and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Mesa Royalty Trust are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Other Operating Expenses i.e., Mesa Royalty's Other Operating Expenses and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.07 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mesa Royalty Trust. It is also known as Mesa Royalty overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Selling General Administrative
Most indicators from Mesa Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mesa Royalty Trust current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Mesa Royalty's
Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 11/25/2024,
Enterprise Value Multiple is likely to grow to 13.52, while Selling General Administrative is likely to drop slightly above 177.5
K.
Mesa Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Mesa Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mesa Royalty fundamental ratios Accounts
Additional Tools for Mesa Stock Analysis
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