MESA Old Correlations

Summary

MESADelisted Stock

USD 21.00 19.62 1,422%

The current 90-days correlation between MESA Old and System1 is -0.01 (i.e., Good diversification). The correlation of MESA Old is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

MESA Old Correlation With Market

Good diversification

The correlation between MESA Old and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MESA Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with MESA Stock

0.62	MRK	Merck Company Aggressive Push	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.61	WMT	Walmart Common Stock	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr

Moving against MESA Stock

0.64	TRNR	Interactive Strength	Pair Corr
0.57	CVX	Chevron Corp	Pair Corr
0.57	HPQ	HP Inc	Pair Corr
0.4	BA	Boeing	Pair Corr
0.34	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	SST	GWH	MPU	SPCB	PMEC	AIRT	ADSE	DFLI	FLYY
SST		0.12	0.48	0.7	0.87	-0.41	-0.31	0.33	-0.02	SST
GWH	0.12		-0.31	0.12	0.33	0.36	-0.51	0.62	0.01	GWH
MPU	0.48	-0.31		0.41	0.34	-0.5	0.25	-0.21	-0.21	MPU
SPCB	0.7	0.12	0.41		0.72	-0.17	-0.2	0.23	-0.07	SPCB
PMEC	0.87	0.33	0.34	0.72		-0.12	-0.43	0.45	-0.05	PMEC
AIRT	-0.41	0.36	-0.5	-0.17	-0.12		-0.48	0.12	0.02	AIRT
ADSE	-0.31	-0.51	0.25	-0.2	-0.43	-0.48		-0.2	-0.28	ADSE
DFLI	0.33	0.62	-0.21	0.23	0.45	0.12	-0.2		-0.05	DFLI
FLYY	-0.02	0.01	-0.21	-0.07	-0.05	0.02	-0.28	-0.05		FLYY
	SST	GWH	MPU	SPCB	PMEC	AIRT	ADSE	DFLI	FLYY

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PMEC	+ 0.87	SST
PMEC	+ 0.72	SPCB
SPCB	+ 0.7	SST
DFLI	+ 0.62	GWH
MPU	+ 0.48	SST
DFLI	+ 0.45	PMEC

High negative correlations

ADSE	- 0.51	GWH
AIRT	- 0.5	MPU
ADSE	- 0.48	AIRT
ADSE	- 0.43	PMEC
AIRT	- 0.41	SST
MPU	- 0.31	GWH

Risk-Adjusted Indicators

There is a big difference between MESA Stock performing well and MESA Old Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MESA Old's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SST	3.86	(0.90)	0.00	(0.49)	0.00	0.00	6.87	(9.17)	26.87
GWH	11.10	2.36	0.21	(1.77)	9.26	(14.75)	16.86	(16.24)	176.92
MPU	5.05	(0.62)	0.00	(0.09)	0.00	0.00	12.12	(10.92)	40.90
SPCB	3.34	(0.50)	0.00	(0.21)	0.00	0.00	5.72	(6.02)	23.83
PMEC	4.11	(0.72)	0.00	(0.35)	0.00	0.00	8.43	(9.79)	37.01
AIRT	2.69	(0.35)	0.00	0.38	0.00	0.00	5.40	(5.98)	19.21
ADSE	2.32	0.42	0.18	0.44	2.04	(2.94)	7.18	(3.37)	20.96
DFLI	12.19	1.62	0.16	0.22	11.77	(14.57)	38.62	(18.56)	116.66
FLYY	3.97	0.09	0.00	(0.03)	4.11	(6.44)	11.43	(7.89)	20.80

Delisting Warning - MESA

MESA Old was delisted

The entity MESA Old with a symbol MESA was delisted from NASDAQ Exchange. Please try Republic Airways Holdings with a symbol RJET from now on. Check all delisted instruments accross multiple markets.

MESA Old Corporate Management

Susan Donofrio	Head Relations	Profile
Torque Zubeck	Chief Officer	Profile
Charles Marshall	Director Pilot	Profile
Dean Sinerius	Director Inspector	Profile

Still Interested in MESA Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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