Matrix Product States: Entanglement, Symmetries, and State Transformations.

We analyze entanglement in the family of translationally invariant matrix product states (MPS). We give a criterion to determine when two states can be transformed into each other by local operations with a nonvanishing probability, a central question in entanglement theory. This induces a classification within this family of states, which we explicitly carry out for the simplest, nontrivial MPS.