Ero Copper Etf Technical Analysis

ERO -  USA Etf  

USD 13.19  0.22  1.70%

As of the 18th of January 2022, Ero Copper shows the coefficient of variation of (420.05), and Mean Deviation of 1.71. Ero Copper Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Ero Copper Corp, which can be compared to its rivals. Please confirm Ero Copper Corp coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Ero Copper Corp is priced favorably, providing market reflects its regular price of 13.19 per share.

Ero Copper Technical Analysis 

 
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Ero Copper Analyst Consensus

Target PriceAdvice# of Analysts
25.61Buy5Odds
Ero Copper Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Ero Copper analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ero Copper stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ero Copper Corp, talking to its executives and customers, or listening to Ero Copper conference calls.
Ero Copper Analyst Advice Details
Ero Copper technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ero Copper technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ero Copper trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ero Copper Corp Technical Analysis

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The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ero Copper Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Ero Copper Corp Trend Analysis

Use this graph to draw trend lines for Ero Copper Corp. You can use it to identify possible trend reversals for Ero Copper as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ero Copper price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Ero Copper Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ero Copper Corp applied against its price change over selected period. The best fit line has a slop of   -0.11  , which may imply that the returns on investment in Ero Copper Corp will continue to fail. It has 122 observation points and a regression sum of squares at 464.88, which is the sum of squared deviations for the predicted Ero Copper price change compared to its average price change.

About Ero Copper Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ero Copper Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ero Copper Corp based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Ero Copper Corp stock first instead of the macroeconomic environment surrounding Ero Copper Corp. By analyzing Ero Copper's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ero Copper's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ero Copper specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2020 2021 2022 (projected)
Current Ratio0.941.391.61.52
Book Value per Share2.332.462.832.87

Ero Copper January 18, 2022 Technical Indicators

Most technical analysis of Ero Copper help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ero Copper from various momentum indicators to cycle indicators. When you analyze Ero Copper charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Ero Copper January 18, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Ero Copper stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Ero Copper Etf 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.