Montage Net Income Applicable To Common Shares from 2010 to 2025
| MAU Stock | 9.98 0.13 1.32% |
Net Loss | First Reported 2010-12-31 | Previous Quarter -49.3 M | Current Value -46.8 M | Quarterly Volatility 14 M |
Check Montage Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Montage Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 171.4 K, Other Operating Expenses of 72.2 M or Cost Of Revenue of 145.9 K, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 4.47. Montage financial statements analysis is a perfect complement when working with Montage Gold Valuation or Volatility modules.
Montage | Net Income Applicable To Common Shares |
Pair Trading with Montage Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Montage Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Montage Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Montage Stock
| 0.92 | ABX | Barrick Gold Corp | PairCorr |
| 0.73 | WPM | Wheaton Precious Metals | PairCorr |
| 0.87 | K | Kinross Gold Corp | PairCorr |
Moving against Montage Stock
The ability to find closely correlated positions to Montage Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Montage Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Montage Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Montage Gold Corp to buy it.
The correlation of Montage Gold 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Montage Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Montage Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Montage Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Montage Stock
Montage Gold financial ratios help investors to determine whether Montage Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Montage with respect to the benefits of owning Montage Gold security.