Ero Copper Corp Etf Market Value
| ERO Etf | USD 14.50 0.38 2.69% |
| Symbol | Ero |
The market value of Ero Copper Corp is measured differently than its book value, which is the value of Ero 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 if Ero Copper is a good investment 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.
Ero Copper 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ero Copper's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ero Copper.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Ero Copper on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Ero Copper Corp or generate 0.0% return on investment in Ero Copper over 30 days. Ero Copper is related to or competes with Freeport McMoran, Amerigo Resources, Hudbay Minerals, Capstone Copper, Taseko Mines, CopperCorp Resources, and Copperbank Resources. Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil More
Ero Copper Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ero Copper's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ero Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 15.44 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.24 |
Ero Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ero Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ero Copper's standard deviation. In reality, there are many statistical measures that can use Ero Copper historical prices to predict the future Ero Copper's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (2.46) |
Ero Copper Corp Backtested Returns
Ero Copper Corp secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the etf had a -0.18% return per unit of risk over the last 3 months. Ero Copper Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ero Copper's Standard Deviation of 2.94, mean deviation of 2.25, and Variance of 8.66 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Ero Copper's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ero Copper is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Ero Copper Corp has virtually no predictability. Overlapping area represents the amount of predictability between Ero Copper time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ero Copper Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Ero Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Ero Copper Corp lagged returns against current returns
Autocorrelation, which is Ero Copper etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ero Copper's etf expected returns. We can calculate the autocorrelation of Ero Copper returns to help us make a trade decision. For example, suppose you find that Ero Copper has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ero Copper regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ero Copper etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ero Copper etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ero Copper etf over time.
Current vs Lagged Prices |
| Timeline |
Ero Copper Lagged Returns
When evaluating Ero Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ero Copper etf have on its future price. Ero Copper autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ero Copper autocorrelation shows the relationship between Ero Copper etf current value and its past values and can show if there is a momentum factor associated with investing in Ero Copper Corp.
Regressed Prices |
| Timeline |
Other Information on Investing in Ero Etf
Ero Copper financial ratios help investors to determine whether Ero Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ero with respect to the benefits of owning Ero Copper security.