Mill Other Current Assets from 2010 to 2024
| MCVT Stock | USD 2.54 0.06 2.31% |
Other Current Assets | First Reported 2007-12-31 | Previous Quarter -17.7 M | Current Value -17.9 M | Quarterly Volatility 6.2 M |
Check Mill City financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mill City's main balance sheet or income statement drivers, such as Depreciation And Amortization of 359.1 K, Other Operating Expenses of 4.5 M or Total Operating Expenses of 4.5 M, as well as many indicators such as Price To Sales Ratio of 5.31, Dividend Yield of 0.15 or PTB Ratio of 0.55. Mill financial statements analysis is a perfect complement when working with Mill City Valuation or Volatility modules.
Mill | Other Current Assets |
Latest Mill City's Other Current Assets Growth Pattern
Below is the plot of the Other Current Assets of Mill City Ventures over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Mill City's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Mill City's overall financial position and show how it may be relating to other accounts over time.
| Other Current Assets | 10 Years Trend |
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Other Current Assets |
| Timeline |
Mill Other Current Assets Regression Statistics
| Arithmetic Mean | (5,485,761) | |
| Geometric Mean | 454,606 | |
| Coefficient Of Variation | (136.32) | |
| Mean Deviation | 6,642,952 | |
| Median | 43,808 | |
| Standard Deviation | 7,478,131 | |
| Sample Variance | 55.9T | |
| Range | 17.9M | |
| R-Value | (0.88) | |
| Mean Square Error | 13.9T | |
| R-Squared | 0.77 | |
| Significance | 0.000018 | |
| Slope | (1,465,780) | |
| Total Sum of Squares | 782.9T |
Mill Other Current Assets History
About Mill City Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Mill City income statement, its balance sheet, and the statement of cash flows. Mill City investors use historical funamental indicators, such as Mill City's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Mill City investors may use each financial statement separately, they are all related. The changes in Mill City's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mill City's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Mill City Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Mill City. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Current Assets | -17.9 M | -17 M |
Pair Trading with Mill City
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 Mill City 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 Mill City will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mill City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mill City 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 Mill City - 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 Mill City Ventures to buy it.
The correlation of Mill City 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 Mill City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mill City Ventures 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 Mill City 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.Additional Tools for Mill Stock Analysis
When running Mill City's price analysis, check to measure Mill City'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 Mill City is operating at the current time. Most of Mill City's value examination focuses on studying past and present price action to predict the probability of Mill City's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mill City's price. Additionally, you may evaluate how the addition of Mill City to your portfolios can decrease your overall portfolio volatility.