Ero Copper Profit Margin Trend from 2010 to 2022

ERO -  USA Etf  

USD 9.30  0.58  6.65%

Ero Copper Profit Margin yearly trend continues to be quite stable with very little volatility. The value of Profit Margin is projected to decrease to 0.39. From the period between 2010 and 2022, Ero Copper, Profit Margin regression line of its data series had standard deviation of 0.06 and standard deviation of  0.06.
  
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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 main balance sheet or income statement drivers, such as Consolidated Income of 173.7 M, Cost of Revenue of 180.7 M or Earning Before Interest and Taxes EBIT of 211 M, as well as many exotic indicators such as Asset Turnover of 0.87, Book Value per Share of 4.11 or Current Ratio of 1.67. Ero Copper financial statements analysis is a perfect complement when working with Ero Copper Valuation or Volatility modules. It can also supplement various Ero Copper Technical models. Continue to the analysis of Ero Copper Correlation against competitors.

Ero Copper Profit Margin Breakdown

Showing smoothed Profit Margin of Ero Copper Corp with missing and latest data points interpolated. Measures the ratio between a company's Net Income Common Stock and Revenues.Ero Copper's 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.
ViewLast Reported 46.39 %10 Years Trend
Increasing
Very volatile
 Profit Margin 
Share
      Timeline 

Ero Copper Profit Margin Regression Statistics

Arithmetic Mean 0.32
Geometric Mean 0.32
Coefficient Of Variation 17.67
Mean Deviation 0.025106
Median 0.32
Standard Deviation 0.06
Sample Variance 0.00324
Range 0.25
R-Value 0.07
Mean Square Error 0.003518
R-Squared 0.00447
Significance 0.83
Slope 0.00097715
Total Sum of Squares 0.038875

Ero Copper Profit Margin History

2020 0.16
2021 0.41
2022 0.39

About Ero Copper Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Ero Copper income statement, its balance sheet, and the statement of cash flows. Ero Copper investors use historical funamental indicators, such as Ero Copper's Profit Margin, to determine how well the company is positioned to perform in the future. Although Ero Copper investors may use each financial statement separately, they are all related. The changes in Ero Copper's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ero Copper's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ero Copper Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ero Copper. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Profit Margin 0.41  0.39 
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. Ero Copper operates under Copper classification in the United States and is traded on New York Stock Exchange. It employs 2457 people.

Ero Copper Investors Sentiment

The influence of Ero Copper's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ero Copper. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ero Copper in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ero Copper's short interest history, or implied volatility extrapolated from Ero Copper options trading.

Current Sentiment - ERO

Ero Copper Corp Investor Sentiment

Greater number of Macroaxis users are currently bullish on Ero Copper Corp. What is your opinion about investing in Ero Copper Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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.

Ero Copper Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of Ero Copper Correlation against competitors. Note that the Ero Copper Corp information on this page should be used as a complementary analysis to other Ero Copper's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Ero Copper Corp price analysis, check to measure Ero Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ero Copper is operating at the current time. Most of Ero Copper's value examination focuses on studying past and present price action to predict the probability of Ero Copper's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ero Copper's price. Additionally, you may evaluate how the addition of Ero Copper to your portfolios can decrease your overall portfolio volatility.
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The market value of Ero Copper Corp is measured differently than its book value, which is the value of Ero Copper that is recorded on the company's balance sheet. Investors also form their own opinion of Ero Copper's value that differs from its market value or its book value, called intrinsic value, which is Ero Copper's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ero Copper's market value can be influenced by many factors that don't directly affect Ero Copper's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ero Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine Ero Copper value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ero Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.