TX Forecast + Trading Strategies


Bullish Case: TX's low price-to-book ratio, increased institutional interest, and potential infrastructure spending could drive a reversal in its recent price decline. Historical returns indicate high upside potential over a 1-2 year window.


Bearish Case: TX faces ongoing economic pressures, high market volatility, and suppressed steel demand. Short-term holding periods reveal a higher probability of negative returns as indicated by historical price action and volume skew towards puts.


Potential Outcomes: Economic recovery (45%) boosting TX; continued downturn (35%) pressuring prices; market stabilization (20%) with minor price fluctuations.


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July 19, 2024


Ternium S.A. - Forecast

TX      Ternium S.A. -











Correlated Assets

Assets that tend to move strongly with TX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.36)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.03)



Uncorrelated Assets

Assets with little price relationship to TX



VFC Forecast + Options Trading Strategies   VFC  VF (-0.03)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.07)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.35)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.36)



Anticorrelated Assets

Assets that tend to move strongly against TX



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.36)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.35)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.03)





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