Ero Copper Cash and Equivalents vs Deferred Revenue Analysis

ERO
 Etf
  

USD 10.33  0.41  4.13%   

Ero Copper financial indicator trend analysis is much more than just examining Ero Copper Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ero Copper Corp is a good investment. Please check the relationship between Ero Copper Cash and Equivalents and its Deferred Revenue accounts. Continue to Investing Opportunities.

Cash and Equivalents vs Deferred Revenue

Cash and Equivalents vs Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ero Copper Corp Cash and Equivalents account and Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Ero Copper's Cash and Equivalents and Deferred Revenue is -0.95. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Deferred Revenue in the same time period over historical financial statements of Ero Copper Corp, assuming nothing else is changed. The correlation between historical values of Ero Copper's Cash and Equivalents and Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash and Equivalents of Ero Copper Corp are associated (or correlated) with its Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Revenue has no effect on the direction of Cash and Equivalents i.e., Ero Copper's Cash and Equivalents and Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.95
Relationship DirectionNegative 
Relationship StrengthSignificant

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions.

Deferred Revenue

A component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income.
Most indicators from Ero Copper fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ero Copper Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.Ero Copper Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The etf's current value of Selling General and Administrative Expense is estimated at 40.62 Million. Net Cash Flow Investment Acquisitions and Disposals is expected to rise to about 2.5 M this year, although the value of Issuance Purchase of Equity Shares will most likely fall to about 5.2 M.
 2010 2020 2021 2022 (projected)
Cost of Revenue162.82 M135.94 M171.06 M180.7 M
Consolidated Income92.45 M52.5 M202.63 M173.73 M

Ero Copper fundamental ratios Correlations

0.980.970.98-0.98-0.93-0.96-0.991.00.890.931.0-0.861.00.980.95-0.98-0.76
0.980.91.0-0.93-0.98-0.9-0.950.970.950.930.99-0.740.980.920.99-0.92-0.87
0.970.90.9-0.97-0.81-0.98-0.990.970.760.870.94-0.960.971.00.84-1.0-0.58
0.981.00.9-0.94-0.98-0.9-0.950.970.940.920.99-0.740.980.930.99-0.93-0.86
-0.98-0.93-0.97-0.940.851.00.98-0.99-0.77-0.83-0.960.9-0.98-0.98-0.880.990.63
-0.93-0.98-0.81-0.980.850.80.88-0.91-0.98-0.92-0.960.61-0.93-0.84-1.00.840.94
-0.96-0.9-0.98-0.91.00.80.97-0.98-0.71-0.79-0.930.92-0.96-0.98-0.840.980.56
-0.99-0.95-0.99-0.950.980.880.97-0.99-0.83-0.91-0.980.92-0.99-1.0-0.91.00.68
1.00.970.970.97-0.99-0.91-0.98-0.990.850.890.99-0.871.00.990.93-0.99-0.72
0.890.950.760.94-0.77-0.98-0.71-0.830.850.950.92-0.570.890.790.97-0.79-0.96
0.930.930.870.92-0.83-0.92-0.79-0.910.890.950.95-0.750.930.890.93-0.88-0.84
1.00.990.940.99-0.96-0.96-0.93-0.980.990.920.95-0.821.00.960.97-0.96-0.81
-0.86-0.74-0.96-0.740.90.610.920.92-0.87-0.57-0.75-0.82-0.86-0.94-0.660.940.34
1.00.980.970.98-0.98-0.93-0.96-0.991.00.890.931.0-0.860.980.95-0.98-0.76
0.980.921.00.93-0.98-0.84-0.98-1.00.990.790.890.96-0.940.980.87-1.0-0.63
0.950.990.840.99-0.88-1.0-0.84-0.90.930.970.930.97-0.660.950.87-0.87-0.92
-0.98-0.92-1.0-0.930.990.840.981.0-0.99-0.79-0.88-0.960.94-0.98-1.0-0.870.62
-0.76-0.87-0.58-0.860.630.940.560.68-0.72-0.96-0.84-0.810.34-0.76-0.63-0.920.62
Click cells to compare fundamentals

Ero Copper Account Relationship Matchups

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.

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

0.89FCXFreeport-Mcmoran Potential GrowthPairCorr
0.67ARCHArch Resources Normal TradingPairCorr
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 Investing Opportunities. 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 Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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.