Ero Copper Etf Performance

ERO -  USA Etf  

USD 12.95  0.18  1.41%

The etf shows a Beta (market volatility) of 0.722, which means possible diversification benefits within a given portfolio. Let's try to break down what Ero Copper's beta means in this case. As returns on the market increase, Ero Copper returns are expected to increase less than the market. However, during the bear market, the loss on holding Ero Copper will be expected to be smaller as well. Even though it is essential to pay attention to Ero Copper Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Ero Copper Corp exposes twenty-eight different technical indicators, which can help you to evaluate its performance.

Ero Copper Etf Performance 

 
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Ero Copper Performance
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Over the last 90 days Ero Copper Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Etf's basic indicators remain quite persistent which may send shares a bit higher in February 2022. The latest mess may also be a sign of long-standing up-swing for the ETF venture institutional investors. ...more

Ero Copper Price Channel

Quick Ratio1.44
Fifty Two Week Low12.78
Fifty Two Week High25.99

Ero Copper Relative Risk vs. Return Landscape

If you would invest  1,874  in Ero Copper Corp on October 28, 2021 and sell it today you would lose (597.00)  from holding Ero Copper Corp or give up 31.86% of portfolio value over 90 days. Ero Copper Corp is generating negative expected returns assuming volatility of 2.3467% on return distribution over 90 days investment horizon. In other words, 20% of etfs are less volatile than Ero Copper, and above 99% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon Ero Copper is expected to under-perform the market. In addition to that, the company is 2.77 times more volatile than its market benchmark. It trades about -0.25 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.07 per unit of volatility.

Ero Copper Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ero Copper's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Ero Copper Corp, and traders can use it to determine the average amount a Ero Copper's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.2511

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Estimated Market Risk
 2.35
  actual daily
 
 20 %
of total potential
 
2020
Expected Return
 -0.59
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Risk-Adjusted Return
 -0.25
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Based on monthly moving average Ero Copper is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ero Copper by adding it to a well-diversified portfolio.

About Ero Copper Performance

To evaluate Ero Copper Corp Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ero Copper generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Ero Copper Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ero Copper Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Ero Copper's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-5 M-5.1 M
Return on Average Assets 0.1  0.1 
Return on Average Equity 0.23  0.23 
Return on Invested Capital 0.13  0.13 
Return on Sales 0.21  0.23 
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. Ero Copper is listed under Copper in the United States and is traded on New York Stock Exchange exchange.

Things to note about Ero Copper Corp

Checking the ongoing alerts about Ero Copper for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ero Copper Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Ero Copper Alerts

Equity Alerts and Improvement Suggestions

Ero Copper Corp generated a negative expected return over the last 90 days
Ero Copper Corp was previously known as ERO COPPER CORP and was traded on PNK Exchange under the symbol ERRPF.
About 62.0% of the company shares are held by institutions such as insurance companies
Ero Copper Corp generated-3.0 ten year return of -3.0%
This fund retains all of the assets under management (AUM) in different types of exotic instruments
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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.