Ero Copper Etf Profile

ERO
 Etf
  

USD 9.30  0.58  6.65%   

Market Performance
0 of 100
Odds Of Distress
Less than 21
Ero Copper is selling for 9.30 as of the 26th of June 2022. This is a 6.65 percent up since the beginning of the trading day. The etf's open price was 8.72. Ero Copper has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Ero Copper Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of July 2020 and ending today, the 26th of June 2022. Click here to learn more.
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. Ero Copper operates under Copper classification in the United States and is traded on New York Stock Exchange. The company has 89.7 M outstanding shares of which 389.08 K shares are currently shorted by investors with about 8.59 days to cover. More on Ero Copper Corp

Moving together with Ero Copper

0.9FCXFreeport-Mcmoran Potential GrowthPairCorr
0.86AFIIQArmstrong Flooring Earnings Call  TomorrowPairCorr

Ero Copper Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Ero Copper's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ero Copper or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ero Copper Corp generated a negative expected return over the last 90 days
Ero Copper Corp has high historical volatility and very poor performance
Ero Copper Corp was previously known as ERO COPPER CORP and was traded on PNK Exchange under the symbol ERRPF.
About 61.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.chroniclejournal.com: North American stock markets give back gains as solid jobs report reinforces Fed hike - The Chronicle Journal
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
Older SymbolERRPF
CEO - Barclays UKAshok Vaswani
Thematic IdeaIndustrial Metal Mining (view all)
Fama & French Classification
Average Analyst Recommendation
Analysts covering Ero Copper report their recommendations after researching Ero Copper's financial statements, talking to executives and customers, or listening in on Ero Copper's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ero Copper Corp. The Ero Copper consensus assessment is calculated by taking the average forecast from all of the analysts covering Ero Copper.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ero Copper's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldUndervalued
Financial Strength
Ero Copper's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ero Copper's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ero Copper's financial leverage. It provides some insight into what part of Ero Copper's total assets is financed by creditors.
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By using current balance sheet information, investors can analyze the liability, assets, and equity on Ero Copper's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Ero Copper deploys its capital and how much of that capital is borrowed.
Liquidity
Ero Copper cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 61.41 M in debt with debt to equity (D/E) ratio of 0.17, which may show that the company is not taking advantage of profits from borrowing. Ero Copper Corp has a current ratio of 1.73, which is typical for the industry and considered as normal. Debt can assist Ero Copper until it has trouble settling it off, either with new capital or with free cash flow. So, Ero Copper's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ero Copper Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ero Copper to invest in growth at high rates of return. When we think about Ero Copper's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

318.34 MillionShare
Float Shares75.29M
Earnings Quarterly Growth-16.00%
Most Recent Quarter30th of September 2021
Two Hundred Day Average15.21
Next Fiscal Year End31st of December 2022
Revenue Growth18.50%
Average Daily Volume In Three Month80k
Fifty Two Week Low9.04
Enterprise Value To Revenue2.51
Shares Percent Shares Out0.43%
Shares Short Prior Month578.23k
Quick Ratio1.44
Average Daily Volume Last 10 Day93.82k
Date Short Interest14th of January 2022
Enterprise Value To Ebitda3.78
Fifty Two Week High21.7
Last Fiscal Year End31st of December 2020
Earnings Growth-17.60%
Fifty Day Average12.77
Gross Margins65.62%
Forward Price Earnings106.89
Ero Copper Corp [ERO] is traded in USA and was established 2007-05-08. Ero Copper Corp was previously known as ERO COPPER CORP and was traded on PNK Exchange under the symbol ERRPF. Ero Copper is listed under Industrial Metal Mining category by Fama And French industry classification. The fund is classified under null category within null family. The entity is thematically classified as Industrial Metal Mining. Ero Copper Corp currently have 1.56 M in assets under management (AUM). , while the total return for the last 3 years was 2.4%. Ero Copper Corp has about 119.05 M in cash with 336.55 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.33.
Check Ero Copper Probability Of Bankruptcy

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Ero Copper Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Ero Copper Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Ero Copper Corp Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Ero Copper Target Price Odds Analysis

What are Ero Copper's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of Ero Copper jumping above the current price in 90 days from now is roughly 96.0%. The Ero Copper Corp probability density function shows the probability of Ero Copper etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.5135 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ero Copper will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ero Copper Corp is significantly underperforming DOW.
  Odds Below 9.3HorizonTargetOdds Above 9.3
3.96%90 days
 9.30 
96.01%
Based on a normal probability distribution, the odds of Ero Copper to move above the current price in 90 days from now is roughly 96.0 (This Ero Copper Corp probability density function shows the probability of Ero Copper Etf to fall within a particular range of prices over 90 days) .

Ero Copper Historical Income Statement

Ero Copper Corp Income Statement is one of the three primary financial statements used for reporting Ero Copper's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ero Copper Corp revenue and expense. Ero Copper Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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Ero Copper Against Markets

Picking the right benchmark for Ero Copper etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ero Copper etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ero Copper is critical whether you are bullish or bearish towards Ero Copper Corp at a given time.

Be your own money manager

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.

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Probability Of Bankruptcy

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Investing Ero Copper Corp

You need to understand the risk of investing before taking a position in Ero Copper. The danger of trading Ero Copper Corp is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ero Copper is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ero Copper. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ero Copper Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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.