Ero Copper Corp Etf Total Asset
| ERO Etf | USD 15.73 0.12 0.77% |
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 Total Asset Analysis
Ero Copper's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Ero Copper Total Asset | 1.51 B |
Most of Ero Copper's fundamental indicators, such as Total Asset, 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.
Ero Total Asset Historical Pattern
Today, most investors in Ero Copper Etf are looking for potential investment opportunities by analyzing not only static indicators but also various Ero Copper's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Ero Copper total asset as a starting point in their analysis.
Ero Copper Total Asset |
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Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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Based on the latest financial disclosure, Ero Copper Corp has a Total Asset of 1.51 B. This is much higher than that of the Metals & Mining family and significantly higher than that of the Materials category. The total asset for all United States etfs is notably lower than that of the firm.
Ero Total Asset 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 Total Asset 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 total asset 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 | Montrusco Bolton Investments Inc | 2024-09-30 | 746.4 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 | Boston Partners Global Investors, Inc | 2024-09-30 | 659.9 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 | Fmr Inc | 2024-09-30 | 11.9 M | T. Rowe Price Associates, Inc. | 2024-06-30 | 9.3 M |
Ero Fundamentals
| Return On Equity | 0.0269 | ||||
| Return On Asset | 0.0401 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 2.17 B | ||||
| Shares Outstanding | 103.3 M | ||||
| Shares Owned By Insiders | 10.36 % | ||||
| Shares Owned By Institutions | 75.78 % | ||||
| Number Of Shares Shorted | 3.33 M | ||||
| Price To Earning | 5.76 X | ||||
| Price To Book | 2.28 X | ||||
| Price To Sales | 3.50 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 | 23.0 | ||||
| Number Of Employees | 3.37 K | ||||
| Beta | 1.96 | ||||
| Market Capitalization | 1.63 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.
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
| 0.77 | WS | Worthington Steel | PairCorr |
| 0.68 | RS | Reliance Steel Aluminum | PairCorr |
| 0.64 | WLKP | Westlake Chemical | PairCorr |
| 0.64 | CMC | Commercial Metals | PairCorr |
| 0.49 | 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.