# Ero Copper Liabilities Non Current vs Current Assets Analysis

ERO | Etf | ## USD 10.38 0.89 7.90% |

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 Liabilities Non Current and its Current Assets accounts. Continue to Investing Opportunities.

## Liabilities Non Current vs Current Assets

## Liabilities Non Current vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ero Copper Corp Liabilities Non Current account and Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Ero Copper's Liabilities Non Current and Current Assets is

**-0.74**. Overlapping area represents the amount of variation of Liabilities Non Current that can explain the historical movement of Current 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 Liabilities Non Current and Current 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 Liabilities Non Current of Ero Copper Corp are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Liabilities Non Current i.e., Ero Copper's Liabilities Non Current and Current Assets go up and down completely randomly.## Correlation Coefficient | -0.74 |

Relationship Direction | Negative |

Relationship Strength | Weak |

## Liabilities Non Current

The non-current portion of Total Liabilities; reported if the company operates a classified balance sheet that segments current and non-current liabilities.## 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.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 Revenue | 162.82 M | 135.94 M | 171.06 M | 180.7 M |

Consolidated Income | 92.45 M | 52.5 M | 202.63 M | 173.73 M |

## Ero Copper fundamental ratios Correlations

**Click cells**to compare fundamentals

## Ero Copper Account Relationship Matchups

### High Positive Relationship

### High Negative Relationship

## 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

0.9 | FCX | Freeport-Mcmoran | Potential Growth | PairCorr | |||

0.84 | AG | First Majestic Silver | Downward Rally | PairCorr | |||

0.85 | AMR | Alpha Metallurgical | Upward Rally | PairCorr |

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.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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Ero Copper Corp price analysis, check to measure Ero Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ero Copper is operating at the current time. Most of Ero Copper's value examination focuses on studying past and present price action to predict the probability of Ero Copper's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ero Copper's price. Additionally, you may evaluate how the addition of Ero Copper to your portfolios can decrease your overall portfolio volatility.

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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.