Nutrien Earnings Estimate
| NTR Stock | CAD 65.61 0.16 0.24% |
Nutrien |
Nutrien Earnings per Share Projection vs Actual
About Nutrien Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Nutrien 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 Nutrien 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 Nutrien 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.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 11.5 B | 12.1 B | |
| Earnings Yield | 0.04 | 0.03 | |
| Price Earnings Ratio | 22.23 | 21.12 | |
| Price Earnings To Growth Ratio | (0.27) | (0.29) |
Pair Trading with Nutrien
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 Nutrien 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 Nutrien will appreciate offsetting losses from the drop in the long position's value.Moving together with Nutrien Stock
| 0.63 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.74 | FDY | Faraday Copper Corp | PairCorr |
Moving against Nutrien Stock
| 0.36 | DELX | DelphX Capital Markets Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Nutrien could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nutrien 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 Nutrien - 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 Nutrien to buy it.
The correlation of Nutrien 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 Nutrien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nutrien 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 Nutrien 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nutrien. 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. To learn how to invest in Nutrien Stock, please use our How to Invest in Nutrien guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.