Ero Copper Z Score
ERO  Etf  USD 9.99 0.85 7.84% 
Ero Copper 
Ero Copper Z Score Analysis
Ero Copper's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..2010  2021  2022 (projected)  
Average Equity  205.46 M  302.88 M  306.56 M 
Earnings before Tax  74.26 M  235.34 M  195.3 M 
Z Score  =  Sum Of   5 Factors 
 
 
 
 

Ero Copper Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Ero Copper is extremely important. It helps to project a fair market value of Ford etf properly, considering its historical fundamentals such as Z Score. Since Ero Copper's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ero Copper's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ero Copper's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
According to the company's disclosures, Ero Copper Corp has a Z Score of 0.0. This indicator is about the same for the Category average (which is currently at 0.0) family and about the same as Family (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Ero Copper Z Score 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 Z Score 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 z score as compared to similar ETFs.
Ero Copper Fundamentals
Return On Equity  87.58 %  
Return On Asset  30.13 %  
Profit Margin  46.39 %  
Operating Margin  57.49 %  
Current Valuation  1.12 B  
Shares Outstanding  89.7 M  
Shares Owned by Insiders  13.21 %  
Shares Owned by Institutions  61.13 %  
Number of Shares Shorted  389.08 K  
Price to Earning  5.11 X  
Price to Book  2.75 X  
Price to Sales  2.18 X  
Revenue  446.29 M  
Gross Profit  318.86 M  
EBITDA  295.5 M  
Net Income  207.04 M  
Cash and Equivalents  119.05 M  
Cash per Share  1.33 X  
Total Debt  61.41 M  
Debt to Equity  0.17 %  
Current Ratio  1.77 X  
Book Value Per Share  3.94 X  
Cash Flow from Operations  336.55 M  
Short Ratio  8.59 X  
Earnings Per Share  2.12 X  
Number of Employees  2.46 K  
Beta  2.36  
Market Capitalization  972.31 M  
Total Asset  1.56 M  
One Year Return  9.19 %  
Three Year Return  2.40 %  
Five Year Return  (2.08) %  
Ten Year Return  (2.85) %  
Net Asset  1.56 M 
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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ero Copper without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.riskadjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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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
0.9  FCX  FreeportMcmoran  Potential Growth  PairCorr  
0.8  ACH  Aluminum Corp  Downward Rally  PairCorr  
0.68  ARCH  Arch Resources  Normal Trading  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 Ero Copper Piotroski F Score and Portfolio Optimization analysis. 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 Stock Tickers module to use highimpact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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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.