Mesa Laboratories Stock Market Value
| MLAB Stock | USD 100.86 2.27 2.30% |
| Symbol | Mesa |
Mesa Laboratories Price To Book Ratio
Is Life Sciences Tools & Services 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 Laboratories. 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 Laboratories 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 3.875 | Dividend Share 0.64 | Earnings Share (45.62) | Revenue Per Share 42.3 | Quarterly Revenue Growth 0.088 |
The market value of Mesa Laboratories 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 Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Mesa Laboratories' 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 Laboratories' market value can be influenced by many factors that don't directly affect Mesa Laboratories' 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 Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mesa Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mesa Laboratories' 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 Laboratories '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 Laboratories' 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 Laboratories.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Mesa Laboratories on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Mesa Laboratories or generate 0.0% return on investment in Mesa Laboratories over 720 days. Mesa Laboratories is related to or competes with Novanta, Itron, Fortive Corp, Vishay Precision, Coherent, ESCO Technologies, and Sensata Technologies. Mesa Laboratories, Inc. develops, manufactures, and sells life sciences tools and quality control products and services ... More
Mesa Laboratories 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 Laboratories' 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 Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 23.18 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 3.41 |
Mesa Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mesa Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mesa Laboratories' standard deviation. In reality, there are many statistical measures that can use Mesa Laboratories historical prices to predict the future Mesa Laboratories' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.12) |
Mesa Laboratories Backtested Returns
Mesa Laboratories has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Mesa Laboratories exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mesa Laboratories' Risk Adjusted Performance of (0.07), mean deviation of 2.42, and Standard Deviation of 3.4 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 3.03, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mesa Laboratories will likely underperform. At this point, Mesa Laboratories has a negative expected return of -0.43%. Please make sure to verify Mesa Laboratories' daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Mesa Laboratories performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Mesa Laboratories has good reverse predictability. Overlapping area represents the amount of predictability between Mesa Laboratories time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Laboratories price movement. The serial correlation of -0.55 indicates that about 55.0% of current Mesa Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 168.48 |
Mesa Laboratories lagged returns against current returns
Autocorrelation, which is Mesa Laboratories 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 Laboratories' stock expected returns. We can calculate the autocorrelation of Mesa Laboratories returns to help us make a trade decision. For example, suppose you find that Mesa Laboratories 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 Laboratories 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 Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mesa Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mesa Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
Mesa Laboratories Lagged Returns
When evaluating Mesa Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mesa Laboratories stock have on its future price. Mesa Laboratories 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 Laboratories autocorrelation shows the relationship between Mesa Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in Mesa Laboratories.
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 Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mesa Laboratories' 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 Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mesa Laboratories Stock:Check out Mesa Laboratories Correlation, Mesa Laboratories Volatility and Mesa Laboratories Alpha and Beta module to complement your research on Mesa Laboratories. For information on how to trade Mesa Stock refer to our How to Trade Mesa Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Mesa Laboratories 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.