Ero Copper Tangible Assets Book Value per Share Trend from 2010 to 2022
ERO  Etf  USD 9.44 0.83 9.64% 
Ero Copper 
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 Tangible Assets Book Value per Share Breakdown
Showing smoothed Tangible Assets Book Value per Share of Ero Copper Corp with missing and latest data points interpolated. Measures the ratio between Tangible Asset Value and [SharesWA] as adjusted by [ShareFactor].Ero Copper's Tangible Assets Book Value per Share 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.
Tangible Assets Book Value per Share  10 Years Trend 

Tangible Assets Book Value per Share 
Share
Timeline 
Ero Copper Tangible Assets Book Value per Share Regression Statistics
Arithmetic Mean  5.81  
Geometric Mean  5.76  
Coefficient Of Variation  15.02  
Mean Deviation  0.60  
Median  5.43  
Standard Deviation  0.87  
Sample Variance  0.76  
Range  2.36  
RValue  0.66  
Mean Square Error  0.47  
RSquared  0.44  
Significance  0.013467  
Slope  0.15  
Total Sum of Squares  9.15 
Ero Copper Tangible Assets Book Value per Share History
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 Tangible Assets Book Value per Share, 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.
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.
Last Reported  Projected for 2022  
Tangible Assets Book Value per Share  7.79  7.76 
Tangible Asset Value  689.8 M  681.4 M 
Average Assets  593.4 M  623 M 
Enterprise Value  1.2 B  1.2 B 
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 decisionmaking process regarding taking a position in Ero Copper. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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.
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 Copper
0.92  FCX  FreeportMcmoran  Upward Rally  PairCorr  
0.94  HBM  Hudbay Minerals  Earnings Call Tomorrow  PairCorr 
The ability to find closely correlated positions to Ero Copper could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough 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 riskadjusted return on your portfolios.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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Ero Copper Etf analysis
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.
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators  Go  
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings  Go  
Fund ScreenerFind activelytraded funds from around the world traded on over 30 global exchanges  Go  
Commodity Channel IndexUse Commodity Channel Index to analyze current equity momentum  Go  
Price Ceiling MovementCalculate and plot Price Ceiling Movement for different equity instruments  Go  
Watchlist OptimizationOptimize watchlists to build efficient portfolio or rebalance existing positions based on meanvariance optimization algorithm  Go  
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and riskadjusted market performance  Go  
Insider ScreenerFind insiders across different sectors to evaluate their impact on performance  Go  
Idea OptimizerUse advanced portfolio builder with precomputed micro ideas to build optimal portfolio  Go  
Crypto CorrelationsUse cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins  Go  
ETF DirectoryFind actively traded Exchange Traded Funds (ETF) from around the world  Go  
Sync Your BrokerSync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and roboadvisors.  Go  
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and riskadjusted market performance  Go 
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.