B2Gold Corp Earnings Estimate
| BTO Stock | CAD 6.63 0.88 11.72% |
B2Gold |
B2Gold Corp Earnings per Share Projection vs Actual
About B2Gold Corp Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of B2Gold Corp 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 B2Gold Corp 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 B2Gold Corp 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 | -592.6 M | -563 M | |
| Earnings Yield | (0.18) | (0.17) | |
| Price Earnings Ratio | (4.57) | (4.35) |
Pair Trading with B2Gold Corp
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 B2Gold Corp 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 B2Gold Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with B2Gold Stock
| 0.82 | AG | First Majestic Silver | PairCorr |
| 0.81 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | ORE | Orezone Gold Corp | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
Moving against B2Gold Stock
| 0.61 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.61 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.32 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.32 | MSFT | Microsoft CDR | PairCorr |
The ability to find closely correlated positions to B2Gold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B2Gold Corp 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 B2Gold Corp - 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 B2Gold Corp to buy it.
The correlation of B2Gold Corp 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 B2Gold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B2Gold 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 B2Gold Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in B2Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.