Ero Copper Beta vs. Price To Book
| ERO Etf | USD 14.12 0.68 4.59% |
For Ero Copper profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ero Copper to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ero Copper Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ero Copper's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ero Copper Corp over time as well as its relative position and ranking within its peers.
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 Corp Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ero Copper's current stock value. Our valuation model uses many indicators to compare Ero Copper value to that of its competitors to determine the firm's financial worth. Ero Copper Corp is rated below average in beta as compared to similar ETFs. It is one of the top ETFs in price to book as compared to similar ETFs fabricating about 1.05 of Price To Book per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ero Copper's earnings, one of the primary drivers of an investment's value.Ero Price To Book vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Ero Copper |
| = | 1.96 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Ero Copper |
| = | 2.05 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Ero Price To Book Comparison
Ero Copper is currently under evaluation in price to book as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ero Copper will likely underperform.
Ero Copper Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ero Copper, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ero Copper will eventually generate negative long term returns. The profitability progress is the general direction of Ero Copper's change in net profit over the period of time. It can combine multiple indicators of Ero Copper, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. Ero Copper is listed under Copper in the United States and is traded on New York Stock Exchange exchange.
Ero Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ero Copper. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Ero Copper position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Ero Copper's important profitability drivers and their relationship over time.
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Other Information on Investing in Ero Etf
To fully project Ero Copper's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ero Copper Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Ero Copper's income statement, its balance sheet, and the statement of cash flows.