Sentry Select Earnings Estimate
Sentry Select Earnings per Share Projection vs Actual
About Sentry Select Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Sentry Select 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 Sentry Select 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 Sentry Select 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.Sentry Select Primary Metals Corp. is an open ended equity mutual fund launched and managed by Sentry Investments Inc. Sentry Select Primary Metals Corp. was formed on April 23, 2007 and is domiciled in Canada. SENTRY SELECT operates under Gold classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Sentry Select
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 Sentry Select 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 Sentry Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Sentry Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.78 | ORE | Orezone Gold Corp | PairCorr |
| 0.66 | FDR | Flinders Resources | PairCorr |
Moving against Sentry Stock
| 0.59 | AML | Argus Metals Corp | PairCorr |
| 0.43 | URZ | Urz Energy Corp | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
| 0.42 | T | Telus Corp | PairCorr |
| 0.36 | CVE | Cenovus Energy | PairCorr |
The ability to find closely correlated positions to Sentry Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sentry Select 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 Sentry Select - 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 Sentry Select Primary to buy it.
The correlation of Sentry Select 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 Sentry Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sentry Select Primary 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 Sentry Select 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.Other Information on Investing in Sentry Stock
Sentry Select financial ratios help investors to determine whether Sentry Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sentry with respect to the benefits of owning Sentry Select security.