MNP Petroleum Earnings Estimate
MNP Petroleum Earnings per Share Projection vs Actual
About MNP Petroleum Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of MNP Petroleum earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current MNP Petroleum estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as MNP Petroleum fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.MNP Petroleum Corporation explores for and develops oil and gas properties primarily in Central and East Asia. The company was formerly known as Manas Petroleum Corporation and changed its name to MNP Petroleum Corporation in January 2014. MNP PETROLEUM operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 32 people.
Pair Trading with MNP Petroleum
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 MNP Petroleum 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 MNP Petroleum will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to MNP Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MNP Petroleum 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 MNP Petroleum - 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 MNP Petroleum Corp to buy it.
The correlation of MNP Petroleum 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 MNP Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MNP Petroleum 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 MNP Petroleum 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 MNP Pink Sheet Analysis
When running MNP Petroleum's price analysis, check to measure MNP Petroleum'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 MNP Petroleum is operating at the current time. Most of MNP Petroleum's value examination focuses on studying past and present price action to predict the probability of MNP Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MNP Petroleum's price. Additionally, you may evaluate how the addition of MNP Petroleum to your portfolios can decrease your overall portfolio volatility.