Mesa Royalty Trust Stock Price on January 31, 2024
| MTR Stock | USD 7.30 0.13 1.81% |
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 Royalty stands at 7.30, as last reported on the 29th of November, with the highest price reaching 7.30 and the lowest price hitting 7.17 during the day. Mesa Royalty appears to be slightly risky, given 3 months investment horizon. Mesa Royalty Trust has Sharpe Ratio of 0.0846, which conveys that the firm had a 0.0846% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mesa Royalty, which you can use to evaluate the volatility of the firm. Please exercise Mesa Royalty's Downside Deviation of 1.84, mean deviation of 1.92, and Risk Adjusted Performance of 0.0722 to check out if our risk estimates are consistent with your expectations.
Mesa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mesa |
Sharpe Ratio = 0.0846
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Estimated Market Risk
| 3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Mesa Royalty is performing at about 6% of its full potential. 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 Royalty by adding it to a well-diversified portfolio.
Mesa Royalty Main Headline on 31st of January 2024
Mesa Royalty Trust dividend paid on 31st of January 2024 |
Mesa Royalty Valuation on January 31, 2024
It is possible to determine the worth of Mesa Royalty on a given historical date. On January 31, 2024 Mesa was worth 10.78 at the beginning of the trading date compared to the closed value of 10.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mesa Royalty stock. Still, in general, we apply an absolute valuation method to find Mesa Royalty'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 Royalty where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mesa Royalty's related companies.
| Open | High | Low | Close | Volume | |
| 10.99 | 10.99 | 10.70 | 10.73 | 5,578 | |
01/31/2024 | 10.78 | 10.80 | 10.55 | 10.62 | 15,324 |
| 10.60 | 10.79 | 10.51 | 10.60 | 13,705 |
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Mesa Royalty Trading Date Momentum on January 31, 2024
| On February 01 2024 Mesa Royalty Trust was traded for 10.60 at the closing time. Highest Mesa Royalty's price during the trading hours was 10.79 and the lowest price during the day was 10.51 . The net volume was 13.7 K. The overall trading history on the 1st of February contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.19% . The trading delta at closing time to current price is 6.59% . |
Mesa Royalty Trust Fundamentals Correlations and Trends
By evaluating Mesa Royalty'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 Royalty'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 Royalty Stock history
Mesa Royalty 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 Royalty Trust 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 Royalty stock prices may prove useful in developing a viable investing in Mesa Royalty
Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company was founded in 1979 and is based in Houston, Texas. Mesa Royalty operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange.
Mesa Royalty Stock Technical Analysis
Mesa Royalty 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 Royalty Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Mesa Royalty Trust cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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 Royalty November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Mesa Royalty 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 Royalty shares will generate the highest return on investment. By undertsting and applying Mesa Royalty stock market strength indicators, traders can identify Mesa Royalty Trust entry and exit signals to maximize returns
Mesa Royalty Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mesa Royalty'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 | 0.0722 | |||
| Jensen Alpha | 0.2383 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.068 | |||
| Treynor Ratio | 2.2 |
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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.