# Ero Copper Historical Financial Ratios

ERO | - USA Stock | ## USD 12.10 0.16 1.31% |

Ero Copper is recently reporting on over 63 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Current Ratio of 1.67 or Debt to Equity Ratio of 0.87 will help investors to properly organize and evaluate Ero Copper Corp financial condition quickly. Financial Statement Analysis is much more than just reviewing and examining Ero Copper Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ero Copper Corp is a good buy for the upcoming year.

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## About Ero Copper Financial Ratios Analysis

Ero Copper CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Ero Copper investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Ero Copper financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Ero Copper history.

## Ero Copper Financial Ratios Chart

Ero Copper Corp financial ratios usually calculated using numerical values taken directly from Ero Copper financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Ero Copper. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.

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## Asset Turnover

Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.## Return on Average Assets

Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].## Return on Average Equity

Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].## Return on Sales

Return on Sales is a ratio to evaluate a company's operational efficiency; calculated by dividing Earning Before Interest and Taxes EBIT by Revenues. ROS is often a component of DuPont ROE analysis.Most ratios from Ero Copper fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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.

2010 | 2021 | 2022 (projected) | |

Book Value per Share | 2.33 | 4.44 | 4.11 |

Asset Turnover | 0.68 | 0.83 | 0.87 |

## Ero Copper fundamentals Correlations

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## Ero Copper Account Relationship Matchups

### High Positive Relationship

### High Negative Relationship

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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.risk-adjusted 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.## Ero Copper Pair Correlation

### Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

## Complementary Tools for Ero Copper Stock analysis

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.