Ero Copper Ownership
| ERO Stock | CAD 19.80 0.28 1.43% |
Shares in Circulation | First Issued 2016-09-30 | Previous Quarter 103.1 M | Current Value 104 M | Avarage Shares Outstanding 84 M | Quarterly Volatility 21.3 M |
Ero |
Ero Stock Ownership Analysis
About 71.0% of the company shares are held by institutions such as insurance companies. The book value of Ero Copper was currently reported as 6.89. The company had not issued any dividends in recent years. Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. ERO COPPER operates under Copper classification in Canada and is traded on Toronto Stock Exchange. It employs 2138 people. To learn more about Ero Copper Corp call David Strang at 604 449 9244 or check out https://erocopper.com.Ero Copper Outstanding Bonds
Ero Copper issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ero Copper Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ero bonds can be classified according to their maturity, which is the date when Ero Copper Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
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
| 0.73 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.53 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.