Assessment - Iron and Steel - 2/08/21 - RS = mixed

 ⇐ 

								⇓instrument	freshest		⇓ Δday	2/08/21	⇓ Δwk	8/10/20	prc diff	⇓ Δ26	Curr	∅-RS
						S		SOM Iron and Steel	333.178	8/12/24	-0.18	251.087		170.308	80.779	47.43	USD	43.90
						L		Tata Steel	152.060	8/12/24	0.16	70.295		41.020	29.275	71.37	INR	85.89
						L		JSW Steel	917.350	8/12/24	1.35	417.650		245.200	172.450	70.33	INR	75.81
								ArcelorMittal	20.120	8/12/24	0.30	19.142		10.300	8.842	85.84	EUR	70.84
								thyssenkrupp	3.320	8/12/24	-1.63	10.220		7.430	2.790	37.55	EUR	70.66
								Outokumpu	3.242	8/12/24	0.31	4.081		2.185	1.896	86.77	EUR	57.93
						S		Salzgitter	15.230	8/12/24	-1.23	21.670		12.970	8.700	67.08	EUR	57.54
								Kobe Steel	1,629.500	8/09/24	1.62	632.000		362.000	270.000	74.59	JPY	52.66
								voestalpine	22.080	8/12/24	-0.18	31.690		20.200	11.490	56.88	EUR	47.48
								Ternium Argentina	886.000	8/12/24	-2.32	48.850		41.950	6.900	16.45	ARS	46.17
						S		Aperam	25.060	8/12/24	-0.63	37.050		24.900	12.150	48.80	EUR	44.33
						S		Bluescope Steel	20.560	8/12/24	-0.44	17.420		11.870	5.550	46.76	AUD	38.73
								Nippon Steel	3,169.000	8/09/24	1.83	1,469.000		967.800	501.200	51.79	JPY	36.62
						S		Posco Holdings	327,500.000	8/12/24	0.61	268,500.000		198,500.000	70,000.000	35.26	KRW	33.93
						S		Acerinox	9.155	8/12/24	0.05	9.726		7.332	2.394	32.65	EUR	30.10
								Pacific Metals	1,341.000	8/09/24	5.59	2,262.000		1,561.000	701.000	44.91	JPY	28.50
						S		Tenaris	12.830	8/12/24	0.71	7.074		5.176	1.898	36.67	EUR	24.08
								Vallourec	13.370	8/12/24	-0.59	26.660		29.730	-3.070	-10.33	EUR	-3.79
								Citic Pacific	7.100	8/12/24		6.080		7.300	-1.220	-16.71	HKD	-11.62
						S		Vulcan Steel	7.020	8/12/24	0.14						NZD	-na-
Iron and Steel - 18 out of 19 instruments rated - 2/08/21 / 8/10/20 - 16 did rise, Market-Ratio(26) = 88.89 %

 

 

Transactions Iron and Steel * Mixed Straddles L21 - 80/14 (1) - S34 - 40/85 (1)

																⇐
L/S	date buy	date sell	days				instrument	spl	pieces	Curr	prc buy	prc sell	ps short	prc diff	d %	asset	yield
1/02/06		1/16/06	14				- cash -
long	1/16/06	3/03/08	777				Salzgitter	100	193	EUR	51.550	115.720		64.170	124	22,385	46
short	1/21/08	6/15/09	511				Pacific Metals	100	263	JPY	85.000	81.400	88.759	3.759	4	23,373	3
long	4/20/09	8/16/10	483				Pacific Metals	100	361	JPY	64.600	58.500		-6.100	-9	21,171	-7
short	8/16/10	1/10/11	147				Salzgitter	100	417	EUR	50.650	54.850	46.450	-4.200	-8	19,420	-19
long	10/18/10	8/08/11	294				Severstal	100	1,814	EUR	10.700	10.350		-0.350	-3	18,785	-4
short	6/06/11	2/17/14	987				Outokumpu	100	817	EUR	22.970	3.400	155.183	132.213	576	126,803	103
long	2/20/12	6/04/12	105				Tenaris	100	8,112	EUR	15.630	12.100		-3.530	-23	98,167	-59
	1/21/13	8/24/15	945				Ternium Argentina	100	53,063	ARS	1.850	5.480		3.630	196	290,786	52
short	6/16/14	10/03/16	840				Vallourec	100	213	EUR	1,361.400	165.280	11,213.758	9,852.358	724	2,389,338	150
long	7/04/16	10/15/18	833				Outokumpu	100	578,532	EUR	4.130	4.477		0.347	8	2,590,089	4
short	10/09/17	1/08/18	91				Tenaris	100	215,123	EUR	12.040	13.730	10.350	-1.690	-14	2,226,531	-45
	4/09/18	11/09/20	945				Outokumpu	100	408,088	EUR	5.456	2.460	12.101	6.645	122	4,938,194	36
long	12/30/19	3/09/20	70				Ternium Argentina	100	192,522	ARS	25.650	17.850		-7.800	-30	3,436,523	-85
	8/10/20	10/04/21	420				Ternium Argentina	100	81,919	ARS	41.950	92.700		50.750	121	7,593,912	99
10/04/21		11/29/21	56				- cash -
short	11/29/21	2/20/23	448				Vallourec	100	958,222	EUR	7.925	13.895	1.955	-5.970	-75	1,873,327	-68
long	12/05/22	8/12/24	616				Ternium Argentina	100	10,293	ARS	182.000	886.000		704.000	387	9,119,599	155
short	8/28/23		350				Aperam	100	353,335	EUR	25.810	25.060	26.582	0.772	3	9,392,515	3
accum	1/16/06	8/12/24	7219	days out of 7289 invested (99%)										93,825		9,392,515	41

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
Ternium Argentina	long	1/21/13	8/24/15	945	1.85	5.48		3.63	196.22
	long	12/30/19	3/09/20	70	25.65	17.85		-7.80	-30.41
	long	8/10/20	10/04/21	420	41.95	92.70		50.75	120.98
	long	12/05/22	8/12/24	616	182.00	886.00		704.00	386.81			2,117.53
Outokumpu	short	6/06/11	2/17/14	987	22.97	3.40	155.18	132.21	575.59
	long	7/04/16	10/15/18	833	4.13	4.48		0.35	8.40
	short	4/09/18	11/09/20	945	5.46	2.46	12.10	6.64	121.79			1,524.27
Salzgitter	long	1/16/06	3/03/08	777	51.55	115.72		64.17	124.48
	short	8/16/10	1/10/11	147	50.65	54.85	46.45	-4.20	-8.29			105.87
Vallourec	short	6/16/14	10/03/16	840	1,361.40	165.28	11,213.76	9,852.36	723.69
	short	11/29/21	2/20/23	448	7.93	13.90	1.96	-5.97	-75.33			103.19
Aperam	short	8/28/23	8/12/24	350	25.81	25.06	26.58	0.77	2.99			2.99
Severstal	long	10/18/10	8/08/11	294	10.70	10.35		-0.35	-3.27			-3.27
Pacific Metals	short	1/21/08	6/15/09	511	85.00	81.40	88.76	3.76	4.42
	long	4/20/09	8/16/10	483	64.60	58.50		-6.10	-9.44			-5.44
Tenaris	long	2/20/12	6/04/12	105	15.63	12.10		-3.53	-22.58
	short	10/09/17	1/08/18	91	12.04	13.73	10.35	-1.69	-14.04			-33.45

Annotations

7/28/22	Tata Steel			stock split 1:10 (ten for one)
5/25/20	Vallourec			reverse split 40:1 (one for fourty)
5/18/17	ArcelorMittal			reverse stock split 3:1 (one for three) ISIN change from LU0323134006 to LU1598757687
3/15/15	Iron and Steel			first complete analysis

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