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



CPA Forecast + Options Trading Strategies   CPA  Copa (0.73)


FCX Forecast + Options Trading Strategies   FCX  Freeport-McMoRan (0.73)


SAND Forecast + Options Trading Strategies   SAND  Sandstorm Gold (0.72)


PYPL Forecast + Options Trading Strategies   PYPL  PayPal (0.72)


ALK Forecast + Options Trading Strategies   ALK  Alaska Air (0.71)



Uncorrelated Assets

Assets with little price relationship to TX



ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (-0.0)


ORN Forecast + Options Trading Strategies   ORN  Orion (0.0)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.0)


NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (0.0)


GOGO Forecast + Options Trading Strategies   GOGO  Gogo (0.0)



Anticorrelated Assets

Assets that tend to move strongly against TX



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.5)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.52)


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.55)


JDST Forecast + Options Trading Strategies   JDST  Direxion Daily Junior Gold Miners Index Be (-0.55)


DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.59)





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