Mesa Royalty Trust Stock Market Value
| MTR Stock | USD 7.30 0.13 1.81% |
| Symbol | Mesa |
Mesa Royalty Trust Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Royalty. 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 Royalty 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 (0.83) | Earnings Share 0.35 | Revenue Per Share 1.46 | Quarterly Revenue Growth (0.78) | Return On Assets 0.4811 |
The market value of Mesa Royalty Trust 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 Royalty's value that differs from its market value or its book value, called intrinsic value, which is Mesa Royalty'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 Royalty's market value can be influenced by many factors that don't directly affect Mesa Royalty'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 Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mesa Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mesa Royalty'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 Royalty '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 Royalty'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 Royalty.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Mesa Royalty on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Mesa Royalty Trust or generate 0.0% return on investment in Mesa Royalty over 540 days. Mesa Royalty is related to or competes with Cross Timbers, San Juan, MV Oil, PermRock Royalty, Sabine Royalty, VOC Energy, and North European. Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United State... More
Mesa Royalty 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 Royalty'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 Royalty Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.0445 | |||
| Maximum Drawdown | 18.06 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.87 |
Mesa Royalty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mesa Royalty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mesa Royalty's standard deviation. In reality, there are many statistical measures that can use Mesa Royalty historical prices to predict the future Mesa Royalty's volatility.| Risk Adjusted Performance | 0.0755 | |||
| Jensen Alpha | 0.2276 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 0.8941 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mesa Royalty'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 Royalty Trust Backtested Returns
Mesa Royalty appears to be slightly risky, given 3 months investment horizon. Mesa Royalty Trust has Sharpe Ratio of 0.0853, which conveys that the firm had a 0.0853% 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 Mean Deviation of 1.95, downside deviation of 1.86, and Risk Adjusted Performance of 0.0755 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mesa Royalty holds a performance score of 6. The company secures a Beta (Market Risk) of 0.3, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mesa Royalty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mesa Royalty is expected to be smaller as well. Please check Mesa Royalty's downside variance, as well as the relationship between the daily balance of power and relative strength index , to make a quick decision on whether Mesa Royalty's current price movements will revert.
Auto-correlation | 0.80 |
Very good predictability
Mesa Royalty Trust has very good predictability. Overlapping area represents the amount of predictability between Mesa Royalty time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Royalty Trust price movement. The serial correlation of 0.8 indicates that around 80.0% of current Mesa Royalty price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 2.76 |
Mesa Royalty Trust lagged returns against current returns
Autocorrelation, which is Mesa Royalty 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 Royalty's stock expected returns. We can calculate the autocorrelation of Mesa Royalty returns to help us make a trade decision. For example, suppose you find that Mesa Royalty 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 Royalty 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 Royalty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mesa Royalty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mesa Royalty stock over time.
Current vs Lagged Prices |
| Timeline |
Mesa Royalty Lagged Returns
When evaluating Mesa Royalty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mesa Royalty stock have on its future price. Mesa Royalty 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 Royalty autocorrelation shows the relationship between Mesa Royalty stock current value and its past values and can show if there is a momentum factor associated with investing in Mesa Royalty Trust.
Regressed Prices |
| Timeline |
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.