Ero Free Cash Flow Yield from 2010 to 2024
| ERO Stock | CAD 19.04 0.32 1.71% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter (0.20) | Current Value (0.19) | Quarterly Volatility 0.08275436 |
Check Ero Copper financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ero Copper's main balance sheet or income statement drivers, such as Tax Provision of 18.9 M, Interest Income of 12.2 M or Depreciation And Amortization of 48.7 M, as well as many indicators such as Price To Sales Ratio of 3.97, Dividend Yield of 0.0 or PTB Ratio of 1.77. Ero financial statements analysis is a perfect complement when working with Ero Copper Valuation or Volatility modules.
Ero | Free Cash Flow Yield |
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
| 0.9 | WMT | Walmart Inc CDR | PairCorr |
| 0.88 | AMZN | Amazon CDR | PairCorr |
| 0.77 | GOOG | Alphabet CDR | PairCorr |
| 0.65 | ARX | ARC Resources | PairCorr |
| 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 the analysis of Ero Copper Correlation against competitors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.