Ero Copper Etf Buy Hold or Sell Recommendation

ERO -  USA Etf  

USD 12.77  0.02  0.16%

Considering the 90-day investment horizon and your way above-average risk tolerance, our recommendation regarding Ero Copper Corp is 'Hold'. Macroaxis provides Ero Copper buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ERO positions. The advice algorithm takes into account all of Ero Copper's available fundamental, technical, and predictive indicators you will find on this site.

Ero Copper Advice 

 
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The advice is provided from Ero Copper's buy-and-hold perspective. Continue to Ero Copper Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as Ero Copper and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards Ero Copper Corp.

Execute Ero Copper Buy or Sell Advice

The Ero Copper recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ero Copper Corp. Macroaxis does not own or have any residual interests in Ero Copper Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ero Copper's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Ero CopperBuy Ero Copper
Hold

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds of Distress

LowDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

BuyDetails
For the selected time horizon Ero Copper Corp has a Risk Adjusted Performance of (0.22), Jensen Alpha of (0.62), Total Risk Alpha of (0.48) and Treynor Ratio of (0.92)
Our trade advice tool can cross-verify current analyst consensus on Ero Copper Corp and to analyze the etf potential to grow in the current economic cycle. To make sure Ero Copper is not overpriced, please confirm all Ero Copper Corp fundamentals, including its price to book, current ratio, three year return, as well as the relationship between the net income and number of employees .

Ero Copper Trading Alerts and Improvement Suggestions

Ero Copper Corp generated a negative expected return over the last 90 days
Ero Copper Corp was previously known as ERO COPPER CORP and was traded on PNK Exchange under the symbol ERRPF.
About 62.0% of the company shares are held by institutions such as insurance companies
Ero Copper Corp generated-3.0 ten year return of -3.0%
This fund retains all of the assets under management (AUM) in different types of exotic instruments

Ero Copper Returns Distribution Density

The distribution of Ero Copper's historical returns is an attempt to chart the future uncertainty of Ero Copper's future price movements. The chart of the probability distribution of Ero Copper stock daily returns describes the distribution of returns around its average expected value. We use Ero Copper Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ero Copper returns is essential to provide solid investment advice for Ero Copper stock.
Mean Return-0.65Value At Risk-5.31
Potential Upside3.45Standard Deviation2.40
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ero Copper historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Ero Copper Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ero Copper or Industrial Metal Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ero Copper stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ero Copper stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.62
β
Beta against DOW0.72
σ
Overall volatility
2.35
Ir
Information ratio -0.25

Ero Copper Volatility Alert

Ero Copper Corp exhibits very low volatility with skewness of -0.45 and kurtosis of 0.76. However, we advise investors to further study Ero Copper Corp technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ero Copper's etf risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ero Copper's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Ero Copper Implied Volatility

Ero Copper's implied volatility exposes the market's sentiment of Ero Copper Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ero Copper's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ero Copper stock will not fluctuate a lot when Ero Copper's options are near their expiration.

Ero Copper Fundamentals Vs Peers

Comparing Ero Copper's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ero Copper's direct or indirect competition across all of the common fundamentals between Ero Copper and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ero Copper or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Ero Copper's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ero Copper by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Ero Copper to competition
FundamentalsEro CopperPeer Average
Price to Earning6.29 X3.15 X
Price to Book3.39 X0.39 X
Price to Sales2.71 X0.33 X
Beta2.33
One Year Return9.19 %(0.97) %
Three Year Return2.40 %3.23 %
Five Year Return(2.08) %1.12 %
Ten Year Return(2.85) %1.20 %
Net Asset1.56 M2.29 B

Ero Copper Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ero Copper . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution2580.75
Daily Balance Of Power(0.033333)
Rate Of Daily Change1.0
Day Median Price12.58
Day Typical Price12.64
Market Facilitation Index0.0
Price Action Indicator0.18

About Ero Copper Buy or Sell Advice

When is the right time to buy or sell Ero Copper Corp? Buying financial instruments such as Ero Copper Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Ero Copper investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2010 2020 2021 2022 (projected)
Current Assets75.56 M127.54 M146.67 M135.99 M
Total Assets462.67 M497.1 M571.66 M578.7 M

Use Investing Ideas to Build Portfolios

In addition to having Ero Copper in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Machinery
Machinery Theme
Fama and French focuses on testing asset pricing under different economic assumptions. Machinery theme has 61 constituents.
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Continue to Ero Copper Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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.