Ero Copper Corp Stock Technical Analysis
| ERO Stock | CAD 19.04 0.32 1.71% |
As of the 21st of December, Ero Copper shows the Variance of 6.58, mean deviation of 1.99, and Standard Deviation of 2.57. 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 firm's future prices.
Ero Copper Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ero, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EroEro |
Ero Copper technical stock 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.
Ero Copper Corp Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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.
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 0.2 , which may suggest that Ero Copper Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1496.21, 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 company, focuses on Ero Copper Corp price pattern 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 22.88 | 8.81 | 4.88 | 4.63 | PTB Ratio | 3.44 | 2.32 | 1.86 | 1.77 |
Ero Copper December 21, 2024 Technical Indicators
Most technical analysis of Ero 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 from various momentum indicators to cycle indicators. When you analyze Ero 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.
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| Math Transform | ||
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.18) | |||
| Market Risk Adjusted Performance | (1.36) | |||
| Mean Deviation | 1.99 | |||
| Coefficient Of Variation | (421.86) | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.58 | |||
| Information Ratio | (0.25) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (1.37) | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.48 | |||
| Skewness | 0.1171 | |||
| Kurtosis | 0.3376 |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.