Ternium SA Correlations
| TX Stock | USD 40.51 0.58 1.45% |
The correlation of Ternium SA 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 Ternium SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ternium SA ADR 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.
Modest diversification
The correlation between Ternium SA ADR and NYA is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ternium SA ADR and NYA in the same portfolio, assuming nothing else is changed.
Ternium |
The ability to find closely correlated positions to Ternium SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ternium SA 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 Ternium SA - 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 Ternium SA ADR to buy it.
Moving together with Ternium Stock
| 0.84 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.63 | WS | Worthington Steel | PairCorr |
| 0.71 | BAK | Braskem SA Class Earnings Call This Week | PairCorr |
| 0.76 | DOW | Dow Inc Financial Report 23rd of July 2024 | PairCorr |
| 0.8 | EGO | Eldorado Gold Corp | PairCorr |
| 0.64 | GGB | Gerdau SA ADR | PairCorr |
| 0.84 | HMY | Harmony Gold Mining | PairCorr |
| 0.64 | VHI | Valhi Inc | PairCorr |
| 0.82 | GOLD | Barrick Gold Corp | PairCorr |
Moving against Ternium Stock
| 0.74 | PKX | POSCO Holdings | PairCorr |
| 0.62 | X | United States Steel | PairCorr |
| 0.53 | MSB | Mesabi Trust | PairCorr |
| 0.44 | PFH | Prudential Financial 4125 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Ternium Stock performing well and Ternium SA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ternium SA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Be your own money manager
Our tools can tell you how much better you can do entering a position in Ternium SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Ternium SA Corporate Directors
Ternium SA corporate directors refer to members of a Ternium SA board of directors. The board of directors generally takes responsibility for the Ternium SA's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ternium SA's board members must vote for the resolution. The Ternium SA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Adrian Lajous | Independent Director | Profile | |
| Roberto Bonatti | Director | Profile | |
| Bruno Marchettini | Director | Profile | |
| Oscar Martinez | Planning and Global Business Development General Director | Profile |
Already Invested in Ternium SA ADR?
The danger of trading Ternium SA ADR is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ternium SA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ternium SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ternium SA ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ternium SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ternium SA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ternium Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ternium Sa Adr Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ternium SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running Ternium SA's price analysis, check to measure Ternium SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ternium SA is operating at the current time. Most of Ternium SA's value examination focuses on studying past and present price action to predict the probability of Ternium SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ternium SA's price. Additionally, you may evaluate how the addition of Ternium SA to your portfolios can decrease your overall portfolio volatility.
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Is Ternium SA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ternium SA. If investors know Ternium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ternium SA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 3.3 | Revenue Per Share 95.59 | Quarterly Revenue Growth 0.319 | Return On Assets 0.1235 |
The market value of Ternium SA ADR is measured differently than its book value, which is the value of Ternium that is recorded on the company's balance sheet. Investors also form their own opinion of Ternium SA's value that differs from its market value or its book value, called intrinsic value, which is Ternium SA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ternium SA's market value can be influenced by many factors that don't directly affect Ternium SA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ternium SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ternium SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ternium SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.