Ero Copper Current Assets vs Total Assets Analysis

ERO
 Etf
  

USD 10.07  0.26  2.52%   

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 Current Assets and its Total Assets accounts. Continue to Investing Opportunities.

Current Assets vs Total Assets

Current Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ero Copper Corp Current Assets account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ero Copper's Current Assets and Total Assets is 0.98. Overlapping area represents the amount of variation of Current Assets that can explain the historical movement of Total Assets 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 Current Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Assets of Ero Copper Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Current Assets i.e., Ero Copper's Current Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Current Assets

Current assets of Ero Copper Corp include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Ero Copper. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Total Assets

Total assets refers to the total amount of Ero Copper assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ero Copper Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; [Intangibles]; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.
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

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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.