Ero Copper Corp Etf Fundamentals
| ERO Etf | USD 15.89 0.04 0.25% |
Ero Copper Corp fundamentals help investors to digest information that contributes to Ero Copper's financial success or failures. It also enables traders to predict the movement of Ero Etf. The fundamental analysis module provides a way to measure Ero Copper's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ero Copper etf.
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Ero Copper Corp ETF Beta Analysis
Ero Copper's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Ero Copper Beta | 1.96 |
Most of Ero Copper's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ero Copper Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Ero Copper Corp has a Beta of 1.96. This is much higher than that of the Metals & Mining family and significantly higher than that of the Materials category. The beta for all United States etfs is notably lower than that of the firm.
Ero Copper Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ero Copper's current stock value. Our valuation model uses many indicators to compare Ero Copper value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ero Copper competition to find correlations between indicators driving Ero Copper's intrinsic value. More Info.Ero Copper Corp is rated below average in price to earning as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.40 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Ero Copper Corp is roughly 2.50 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ero Copper's earnings, one of the primary drivers of an investment's value.Ero Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ero Copper's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Ero Copper could also be used in its relative valuation, which is a method of valuing Ero Copper by comparing valuation metrics of similar companies.Ero Copper is currently under evaluation in beta as compared to similar ETFs.
Ero Copper Institutional Holders
Institutional Holdings refers to the ownership stake in Ero Copper that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ero Copper's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ero Copper's value.| Shares | Frontier Capital Management Co Inc | 2024-09-30 | 833.6 K | Amundi | 2024-06-30 | 683.7 K | Bank Of Montreal | 2024-06-30 | 660.8 K | Bmo Capital Markets Corp. | 2024-06-30 | 660.8 K | Montrusco Bolton Investments Inc | 2024-06-30 | 636.7 K | Goldman Sachs Group Inc | 2024-06-30 | 626.5 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 612.3 K | American Century Companies Inc | 2024-09-30 | 596.4 K | Boston Partners Global Investors, Inc | 2024-06-30 | 529.1 K | Fmr Inc | 2024-09-30 | 11.9 M | T. Rowe Price Associates, Inc. | 2024-06-30 | 9.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ero Copper will likely underperform.
Ero Fundamentals
| Return On Equity | 0.0269 | ||||
| Return On Asset | 0.0401 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 2.18 B | ||||
| Shares Outstanding | 103.3 M | ||||
| Shares Owned By Insiders | 10.36 % | ||||
| Shares Owned By Institutions | 75.72 % | ||||
| Number Of Shares Shorted | 3.33 M | ||||
| Price To Earning | 5.76 X | ||||
| Price To Book | 2.31 X | ||||
| Price To Sales | 3.54 X | ||||
| Revenue | 427.48 M | ||||
| Gross Profit | 187.18 M | ||||
| EBITDA | 222.62 M | ||||
| Net Income | 94.3 M | ||||
| Cash And Equivalents | 119.05 M | ||||
| Cash Per Share | 1.33 X | ||||
| Total Debt | 445.84 M | ||||
| Debt To Equity | 0.17 % | ||||
| Current Ratio | 1.77 X | ||||
| Book Value Per Share | 6.89 X | ||||
| Cash Flow From Operations | 163.1 M | ||||
| Short Ratio | 13.30 X | ||||
| Earnings Per Share | 0.19 X | ||||
| Target Price | 25.75 | ||||
| Number Of Employees | 3.37 K | ||||
| Beta | 1.96 | ||||
| Market Capitalization | 1.64 B | ||||
| Total Asset | 1.51 B | ||||
| Retained Earnings | 549.53 M | ||||
| Working Capital | 25.69 M | ||||
| One Year Return | 9.19 % | ||||
| Three Year Return | 2.40 % | ||||
| Five Year Return | (2.08) % | ||||
| Ten Year Return | (2.85) % | ||||
| Net Asset | 1.51 B |
About Ero Copper Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ero Copper Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ero Copper using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ero Copper Corp based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. Ero Copper is listed under Copper in the United States and is traded on New York Stock Exchange exchange.
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 Etf
Moving against Ero Etf
| 0.76 | WS | Worthington Steel | PairCorr |
| 0.64 | RS | Reliance Steel Aluminum | PairCorr |
| 0.6 | CMC | Commercial Metals | PairCorr |
| 0.58 | WLKP | Westlake Chemical | PairCorr |
| 0.45 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | 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.Other Information on Investing in Ero Etf
Ero Copper financial ratios help investors to determine whether Ero Etf 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 Ero with respect to the benefits of owning Ero Copper security.