| MMY Stock | | | CAD 0.28 0.01 3.45% |
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 Cash And Short Term Investments and its Total Current Liabilities 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.
Cash And Short Term Investments vs Total Current Liabilities
Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Monument Mining Cash And Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Monument Mining's Cash And Short Term Investments and Total Current Liabilities is 0.34. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities 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 Cash And Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Monument Mining Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Monument Mining's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.
Total Current Liabilities
Total Current Liabilities is an item on Monument Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Monument Mining Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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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