Ternium SA Correlations
| TX Stock | USD 33.43 0.05 0.15% |
The current 90-days correlation between Ternium SA ADR and Fortitude Gold Corp is 0.22 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Ternium SA Correlation With Market
Very weak diversification
The correlation between Ternium SA ADR and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ternium SA ADR and DJI in the same portfolio, assuming nothing else is changed.
Ternium |
Moving together with Ternium Stock
| 0.79 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.63 | NUE | Nucor Corp | PairCorr |
| 0.74 | OLN | Olin Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.66 | CC | Chemours | PairCorr |
| 0.66 | CF | CF Industries Holdings | PairCorr |
| 0.86 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.75 | EU | enCore Energy Corp | PairCorr |
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