| MMY Stock | | | CAD 0.34 0.03 9.68% |
Monument Mining financial indicator trend analysis is infinitely more than just investigating Monument Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Monument Mining is a good investment. Please check the relationship between Monument Mining Total Assets and its Asset Turnover accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monument Mining Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Assets vs Asset Turnover
Total Assets vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Monument Mining Total Assets account and
Asset Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Monument Mining's Total Assets and Asset Turnover is -0.7. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Monument Mining Limited, assuming nothing else is changed. The correlation between historical values of Monument Mining's Total Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Monument Mining Limited are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., Monument Mining's Total Assets and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Monument Mining assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Monument Mining books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Monument Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Monument Mining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monument Mining Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Monument Mining's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 6.3
M in 2025, whereas
Sales General And Administrative To Revenue is likely to drop 0.04 in 2025.
Monument Mining fundamental ratios Correlations
Click cells to compare fundamentals
Monument Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Monument Mining fundamental ratios Accounts
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Additional Tools for Monument Stock Analysis
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measure Monument Mining'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 Monument Mining is operating at the current time. Most of Monument Mining's value examination focuses on studying past and present price action to
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