Ero Total Assets from 2010 to 2026
| ERO Stock | CAD 41.20 0.43 1.05% |
Total Assets | First Reported 2016-12-31 | Previous Quarter 1.8 B | Current Value 1.9 B | Quarterly Volatility 521.1 M |
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 | Total Assets |
Evaluating Ero Copper's Total Assets 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 Total Assets Growth Pattern
Below is the plot of the Total Assets of Ero Copper Corp over the last few years. Total assets refers to the total amount of Ero Copper assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ero Copper Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Ero Copper's Total Assets 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 1.46 B | 10 Years Trend |
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Total Assets |
| Timeline |
Ero Total Assets Regression Statistics
| Arithmetic Mean | 664,166,707 | |
| Geometric Mean | 537,874,894 | |
| Coefficient Of Variation | 72.98 | |
| Mean Deviation | 397,481,621 | |
| Median | 381,343,000 | |
| Standard Deviation | 484,729,046 | |
| Sample Variance | 234962.2T | |
| Range | 1.4B | |
| R-Value | 0.80 | |
| Mean Square Error | 88217.1T | |
| R-Squared | 0.65 | |
| Significance | 0.000097 | |
| Slope | 77,271,789 | |
| Total Sum of Squares | 3759396T |
Ero Total Assets History
About Ero Copper Financial Statements
Ero Copper investors utilize fundamental indicators, such as Total Assets, 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.
| Last Reported | Projected for Next Year | ||
| Total Assets | 1.7 B | 839.3 M | |
| Intangibles To Total Assets | 0.05 | 0.04 |
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
| 0.92 | AG | First Majestic Silver Earnings Call Tomorrow | PairCorr |
| 0.93 | IE | Ivanhoe Energy | PairCorr |
| 0.93 | ORE | Orezone Gold Corp | PairCorr |
| 0.93 | FDY | Faraday Copper Corp | PairCorr |
Moving against Ero Stock
| 0.74 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.74 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.64 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.64 | 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.