CVS Monitory Priority setting

Document ID : KB000099854
Last Modified Date : 01/06/2018
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I've searched through help, communities and documentation but I have not come across a good description of how the priority field effects the operation of the monitors. The default value is medium. At face value I would assume this would allow me to prioritize some monitors ahead of others, but what is the criteria for when this comes into play? How do I know if a monitor is delayed or bumped due to a priority override? It appears multiple monitors can run in parallel - Is this true? How many monitors can be scheduled for the same execution time? Any insights or documentation references would be appreciated.
This is what I found on CVS Priority. 

I have 5 test case I deployed to CBS Monitor. 

3 cases had a Priority of High. 
1 Case had a Priority of Medium 
1 Case had a Priority of Low. 

The 3 high priority test cases all kicked off all at the same time, is is like submitting a Suite and having all your test cases run in parallel. Then the Medium priority kicked off and last the Low priority. 

High is a Priority 1 
Medium High is Priority 2 
Medium is Priority 3 
Medium Low is Priority 4 
Low is Priority 5 

So it looks like all the cases kick off in parallel based on their priority.