Mesa Air Group Stock Market Value
| MESA Stock | USD 0.87 0.01 1.16% |
| Symbol | Mesa |
Mesa Air Group Price To Book Ratio
Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mesa Air. If investors know Mesa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mesa Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.136 | Earnings Share (2.30) | Revenue Per Share 11.589 | Quarterly Revenue Growth (0.03) | Return On Assets (0.01) |
The market value of Mesa Air Group is measured differently than its book value, which is the value of Mesa that is recorded on the company's balance sheet. Investors also form their own opinion of Mesa Air's value that differs from its market value or its book value, called intrinsic value, which is Mesa Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mesa Air's market value can be influenced by many factors that don't directly affect Mesa Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mesa Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mesa Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mesa Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mesa Air 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mesa Air's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mesa Air.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Mesa Air on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Mesa Air Group or generate 0.0% return on investment in Mesa Air over 30 days. Mesa Air is related to or competes with Allegiant Travel, Sun Country, Frontier Group, Azul SA, Copa Holdings, Volaris, and Alaska Air. Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc More
Mesa Air Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mesa Air's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mesa Air Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 28.65 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 4.6 |
Mesa Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mesa Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mesa Air's standard deviation. In reality, there are many statistical measures that can use Mesa Air historical prices to predict the future Mesa Air's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (1.06) |
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.
Mesa Air Group Backtested Returns
Mesa Air Group has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% 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 Mean Deviation of 2.58, risk adjusted performance of (0.08), and Standard Deviation of 3.85 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mesa Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mesa Air is expected to be smaller as well. At this point, Mesa Air Group has a negative expected return of -0.55%. Please make sure to verify Mesa Air's skewness and the relationship between the daily balance of power and relative strength index , to decide if Mesa Air Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Mesa Air Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Mesa Air time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mesa Air Group price movement. The serial correlation of -0.01 indicates that just 1.0% of current Mesa Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mesa Air Group lagged returns against current returns
Autocorrelation, which is Mesa Air stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mesa Air's stock expected returns. We can calculate the autocorrelation of Mesa Air returns to help us make a trade decision. For example, suppose you find that Mesa Air has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mesa Air regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mesa Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mesa Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mesa Air stock over time.
Current vs Lagged Prices |
| Timeline |
Mesa Air Lagged Returns
When evaluating Mesa Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mesa Air stock have on its future price. Mesa Air autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mesa Air autocorrelation shows the relationship between Mesa Air stock current value and its past values and can show if there is a momentum factor associated with investing in Mesa Air Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Mesa Air Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mesa Air's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mesa Air Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mesa Air Group Stock:Check out Mesa Air Correlation, Mesa Air Volatility and Mesa Air Alpha and Beta module to complement your research on Mesa Air. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.