Ero Copper Etf Story

ERO -  USA Etf  

USD 14.72  0.12  0.81%

While some of us are becoming more passionate about industrial metal mining space, it makes sense to outline Ero Copper Corp in greater detail. We will evaluate why we are still optimistic in anticipation of a recovery. Here I will also expose some primary fundamental factors affecting Ero Copper's services, and outline how it will impact the outlook for investors this year.
Published over a month ago
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Ero Copper (NYSE:ERO) continues to rise
Ero Copper reported the last year's revenue of 378.87 M. Total Income to common stockholders was 136.12 M with profit before taxes, overhead, and interest of 188.14 M. About 14.0% of the company shares are held by company insiders. Ero Copper Corp had not issued any dividends in recent years.

How important is Ero Copper's Liquidity

Ero Copper financial leverage refers to using borrowed capital as a funding source to finance Ero Copper Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Ero Copper financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Ero Copper's total debt and its cash.

How Ero Copper utilizes its cash?

To perform a cash flow analysis of Ero Copper, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Ero Copper is receiving and how much cash it distributes out in a given period. The Ero Copper cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Ero Copper Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The etf's current value of Net Cash Flow from Operations is estimated at 169.84 Million

Sector Allocation (%)

Exchange-Traded Funds use many different techniques to achieve diversification. One of the ways Ero Copper ETF is managing risk is by picking assets from different sectors and across various asset classes. It helps to ensure that returns are uncorrelated, and risk is spread across the underlying asset classes and industries. Within the same asset class, diversification can be achieved by investing in various investment styles through cross-sector allocation. Below map breaks down Ero Copper sector allocation.

What did Ero Copper file with SEC?

The SEC filings are financial statements or other formal documents of Ero Copper Corp that are regularly submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make SEC filings and fintech professionals rely on these filings for information about companies they are evaluating for investment purposes. Please note, most SEC filings are available online through the SEC's EDGAR database.
Please check here for more information.
Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Ero Copper shareholders may or may not be submitted as SEC does not always require it.
16th of November 2021
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Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Ero Copper shareholders may or may not be submitted as SEC does not always require it.

A Deeper Perspective

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Ero Copper has an asset utilization ratio of 24286.54 percent. This suggests that the ETF is making $242.87 for each dollar of assets. An increasing asset utilization means that Ero Copper Corp is more efficient with each dollar of assets it utilizes for everyday operations.

Are Ero Copper technical ratios showing a bounce back?

Latest Sortino Ratio is up to 0.04. Price may slide again. Ero Copper Corp shows above-average downside volatility for the selected time horizon. We advise investors to inspect Ero Copper Corp further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Ero Copper future alpha. 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.

The Bottom Line

Whereas many other companies within the copper industry are still a little expensive, even after the recent corrections, Ero Copper may offer a potential longer-term growth to institutional investors. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither take up nor short any shares of Ero Copper at this time. The Ero Copper Corp risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Ero Copper.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Ero Copper Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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