SID Forecast


Bullish Case: Given the positive AI price forecast (+0.95%) and historical data showing potential for returns up to 230% over short periods, a bullish scenario could see SID rebounding if broader market conditions improve and demand for steel increases.


Bearish Case: The stock has been in a historical downtrend (-45.5% over ten years), coupled with high implied volatility. This suggests risk remains to the downside, especially amidst economic uncertainty and potential steel demand declines.


Potential Outcomes: Steel demand recovery
30%
Economic downturn
50%
Market status quo
20%


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June 28, 2024


Companhia Siderurgica Nacional Forecast

SID      Companhia Siderurgica Nacional











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Anticorrelated Assets

Assets that tend to move strongly against SID



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