Ternium Sa Adr Stock Market Value
| TX Stock | USD 33.36 0.19 0.57% |
| Symbol | Ternium |
Ternium SA ADR Price To Book Ratio
Is Metals & Mining space 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 | Earnings Share 0.4 | Revenue Per Share 95.277 | Quarterly Revenue Growth (0.14) |
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.
Ternium SA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ternium SA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ternium SA.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ternium SA on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Ternium SA ADR or generate 0.0% return on investment in Ternium SA over 30 days. Ternium SA is related to or competes with POSCO Holdings, Steel Dynamics, Gerdau SA, Nucor Corp, Companhia Siderurgica, ArcelorMittal, and Commercial Metals. Ternium S.A. manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, U... More
Ternium SA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ternium SA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ternium SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 2.94 |
Ternium SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ternium SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ternium SA's standard deviation. In reality, there are many statistical measures that can use Ternium SA historical prices to predict the future Ternium SA's volatility.| Risk Adjusted Performance | 0.0174 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0156 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ternium SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ternium SA ADR Backtested Returns
At this stage we consider Ternium Stock to be very steady. Ternium SA ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0032, which indicates the firm had a 0.0032% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ternium SA ADR, which you can use to evaluate the volatility of the company. Please validate Ternium SA's Semi Deviation of 1.94, risk adjusted performance of 0.0174, and Coefficient Of Variation of 6631.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.006%. The entity has a beta of 1.22, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ternium SA will likely underperform. Ternium SA ADR right now has a risk of 1.91%. Please validate Ternium SA skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if Ternium SA will be following its existing price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Ternium SA ADR has virtually no predictability. Overlapping area represents the amount of predictability between Ternium SA time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ternium SA ADR price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Ternium SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Ternium SA ADR lagged returns against current returns
Autocorrelation, which is Ternium SA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ternium SA's stock expected returns. We can calculate the autocorrelation of Ternium SA returns to help us make a trade decision. For example, suppose you find that Ternium SA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ternium SA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ternium SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ternium SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ternium SA stock over time.
Current vs Lagged Prices |
| Timeline |
Ternium SA Lagged Returns
When evaluating Ternium SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ternium SA stock have on its future price. Ternium SA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ternium SA autocorrelation shows the relationship between Ternium SA stock current value and its past values and can show if there is a momentum factor associated with investing in Ternium SA ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ternium Stock Analysis
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.