Medinah Financial Statements From 2010 to 2024
| MDMN Stock | USD 0.0001 0.00 0.00% |
Check Medinah Minerals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Medinah Minerals' main balance sheet or income statement drivers, such as , as well as many indicators such as . Medinah financial statements analysis is a perfect complement when working with Medinah Minerals Valuation or Volatility modules.
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Medinah Minerals Company Return On Asset Analysis
Medinah Minerals' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Medinah Minerals Return On Asset | -0.0039 |
Most of Medinah Minerals' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Medinah Minerals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Medinah Minerals has a Return On Asset of -0.0039. This is 100.53% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on asset for all United States stocks is 97.21% lower than that of the firm.
Medinah Minerals Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Medinah Minerals's current stock value. Our valuation model uses many indicators to compare Medinah Minerals value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Medinah Minerals competition to find correlations between indicators driving Medinah Minerals's intrinsic value. More Info.Medinah Minerals is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Medinah Minerals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Medinah Minerals' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Medinah Minerals Financial Statements
Medinah Minerals investors utilize fundamental indicators, such as revenue or net income, to predict how Medinah Pink Sheet might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Medinah Minerals, Inc., through its subsidiaries, explores for and develops mineral properties. Medinah Minerals, Inc. was founded in 1989 and is based in Indianapolis, Indiana. Medinah Minerals operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Pair Trading with Medinah Minerals
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 Medinah Minerals 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 Medinah Minerals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Medinah Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medinah Minerals 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 Medinah Minerals - 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 Medinah Minerals to buy it.
The correlation of Medinah Minerals 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 Medinah Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medinah Minerals 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 Medinah Minerals 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 Medinah Pink Sheet
Medinah Minerals financial ratios help investors to determine whether Medinah Pink Sheet 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 Medinah with respect to the benefits of owning Medinah Minerals security.