Ero Copper Corp Stock Three Year Return
| ERO Stock | CAD 19.04 0.32 1.71% |
Ero Copper Corp fundamentals help investors to digest information that contributes to Ero Copper's financial success or failures. It also enables traders to predict the movement of Ero Stock. The fundamental analysis module provides a way to measure Ero Copper's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ero Copper stock.
Ero | Three Year Return |
Ero Copper Corp Company Three Year Return Analysis
Ero Copper's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Ero Copper Three Year Return | (5.83) % |
Most of Ero Copper's fundamental indicators, such as Three Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ero Copper Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ero Three Year Return Driver Correlations
Understanding the fundamental principles of building solid financial models for Ero Copper is extremely important. It helps to project a fair market value of Ero Stock properly, considering its historical fundamentals such as Three Year Return. Since Ero Copper's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ero Copper's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ero Copper's interrelated accounts and indicators.
Click cells to compare fundamentals
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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Ero Return On Tangible Assets
Return On Tangible Assets |
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Based on the latest financial disclosure, Ero Copper Corp has a Three Year Return of -5.83%. This is much lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The three year return for all Canada stocks is notably higher than that of the company.
Ero Copper Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ero Copper from analyzing Ero Copper's financial statements. These drivers represent accounts that assess Ero Copper's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ero Copper's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.7B | 1.5B | 1.4B | 1.2B | 1.5B | 835.9M | |
| Enterprise Value | 1.8B | 1.6B | 1.3B | 1.5B | 1.8B | 949.5M |
Ero Fundamentals
| Return On Equity | 0.0269 | ||||
| Return On Asset | 0.0401 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 2.74 B | ||||
| Shares Outstanding | 103.3 M | ||||
| Shares Owned By Insiders | 10.30 % | ||||
| Shares Owned By Institutions | 77.08 % | ||||
| Price To Earning | 96.83 X | ||||
| Price To Book | 1.93 X | ||||
| Price To Sales | 4.24 X | ||||
| Revenue | 427.48 M | ||||
| Gross Profit | 187.18 M | ||||
| EBITDA | 208.15 M | ||||
| Net Income | 94.3 M | ||||
| Cash And Equivalents | 177.7 M | ||||
| Cash Per Share | 0.60 X | ||||
| Total Debt | 445.84 M | ||||
| Debt To Equity | 1.94 % | ||||
| Current Ratio | 0.78 X | ||||
| Book Value Per Share | 6.89 X | ||||
| Cash Flow From Operations | 163.1 M | ||||
| Earnings Per Share | 0.27 X | ||||
| Price To Earnings To Growth | 13.94 X | ||||
| Target Price | 32.13 | ||||
| Number Of Employees | 3.37 K | ||||
| Beta | 1.96 | ||||
| Market Capitalization | 1.97 B | ||||
| Total Asset | 1.51 B | ||||
| Retained Earnings | 549.53 M | ||||
| Working Capital | 25.69 M | ||||
| Year To Date Return | (4.11) % | ||||
| One Year Return | (12.70) % | ||||
| Three Year Return | (5.83) % | ||||
| Net Asset | 1.51 B |
About Ero Copper Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ero Copper Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ero Copper using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ero Copper Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Stock
Moving against Ero Stock
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| 0.64 | AAPL | Apple Inc CDR | 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 instruments. 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ero Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.