Ero Operating Margin from 2010 to 2026
| ERO Stock | CAD 41.20 0.43 1.05% |
Check Ero Copper financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ero Copper's main balance sheet or income statement drivers, such as Interest Income of 199.6 M, Depreciation And Amortization of 54.6 M or Interest Expense of 2 M, as well as many indicators such as Price To Sales Ratio of 3.84, Dividend Yield of 0.0 or PTB Ratio of 5.04. Ero financial statements analysis is a perfect complement when working with Ero Copper Valuation or Volatility modules.
Ero | Operating Margin |
Evaluating Ero Copper's Operating Margin across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Ero Copper Corp's fundamental strength.
Latest Ero Copper's Operating Margin Growth Pattern
Below is the plot of the Operating Profit Margin of Ero Copper Corp over the last few years. It is Ero Copper's Operating Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ero Copper's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.22 % | 10 Years Trend |
|
Operating Profit Margin |
| Timeline |
Ero Operating Margin Regression Statistics
| Arithmetic Mean | 0.14 | |
| Geometric Mean | 0.12 | |
| Coefficient Of Variation | 141.11 | |
| Mean Deviation | 0.17 | |
| Median | 0.20 | |
| Standard Deviation | 0.20 | |
| Sample Variance | 0.04 | |
| Range | 0.595 | |
| R-Value | 0.72 | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.52 | |
| Significance | 0 | |
| Slope | 0.03 | |
| Total Sum of Squares | 0.63 |
Ero Operating Margin History
About Ero Copper Financial Statements
Ero Copper investors utilize fundamental indicators, such as Operating Margin, to predict how Ero Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. ERO COPPER operates under Copper classification in Canada and is traded on Toronto Stock Exchange. It employs 2138 people.
Pair Trading with Ero Copper
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 Ero Copper 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 Ero Copper will appreciate offsetting losses from the drop in the long position's value.Moving together with Ero Stock
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| 0.92 | FDY | Faraday Copper Corp | PairCorr |
Moving against Ero Stock
| 0.73 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.73 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.62 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.62 | MSFT | Microsoft CDR | PairCorr |
| 0.55 | AAPL | Apple CDR | PairCorr |
The ability to find closely correlated positions to Ero Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ero Copper 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 Ero Copper - 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 Ero Copper Corp to buy it.
The correlation of Ero Copper 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 Ero Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ero Copper 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 Ero Copper 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 the analysis of Ero Copper Correlation against competitors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.