Monumental Minerals Gross Profit vs. Price To Book
| MNMRF Stock | USD 0.03 0.0001 0.40% |
For Monumental Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Monumental Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Monumental Minerals Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Monumental Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Monumental Minerals Corp over time as well as its relative position and ranking within its peers.
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Monumental Minerals Corp Price To Book vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Monumental Minerals's current stock value. Our valuation model uses many indicators to compare Monumental Minerals value to that of its competitors to determine the firm's financial worth. Monumental Minerals Corp is regarded second in gross profit category among its peers. It is considered to be number one stock in price to book category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Monumental Minerals' earnings, one of the primary drivers of an investment's value.Monumental Price To Book vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Monumental Minerals |
| = | (16.11 K) |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 0.92 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Monumental Price To Book Comparison
Monumental Minerals is currently under evaluation in price to book category among its peers.
Monumental Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Monumental Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Monumental Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Monumental Minerals' change in net profit over the period of time. It can combine multiple indicators of Monumental Minerals, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Monumental Minerals Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada and Mexico. Monumental Minerals Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada. Monumental Minerals is traded on OTC Exchange in the United States.
Monumental Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Monumental Minerals. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Monumental Minerals position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Monumental Minerals' important profitability drivers and their relationship over time.
Use Monumental Minerals in pair-trading
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 Monumental 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 Monumental Minerals will appreciate offsetting losses from the drop in the long position's value.Monumental Minerals Pair Trading
Monumental Minerals Corp Pair Trading Analysis
The ability to find closely correlated positions to Monumental 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 Monumental 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 Monumental 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 Monumental Minerals Corp to buy it.
The correlation of Monumental 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 Monumental Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monumental Minerals 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 Monumental 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.Use Investing Themes to Complement your Monumental Minerals position
In addition to having Monumental Minerals in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Financials ETFs
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Other Information on Investing in Monumental OTC Stock
To fully project Monumental Minerals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Monumental Minerals Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Monumental Minerals' income statement, its balance sheet, and the statement of cash flows.