| MMY Stock | | | CAD 0.26 0.02 7.14% |
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 Current Assets and its Cash And Short Term Investments 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 Current Assets vs Cash And Short Term Investments
Total Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Monument Mining Total Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Monument Mining's Total Current Assets and Cash And Short Term Investments is 0.89. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments 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 Current Assets and Cash And Short Term Investments 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 Current Assets of Monument Mining Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Monument Mining's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Monument Mining balance sheet. This account contains Monument Mining investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Monument Mining Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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 5.5
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.04 in 2024.
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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