Assessment - Iron and Steel in Pound sterling - 1/07/24 - RS = mixed

 ⇐ 

								⇓instrument	freshest		⇓ Δday	1/07/24	⇓ Δwk	1/01/24	prc diff	⇓ Δ26		∅-RS
						S		SOM Iron and Steel	263.552	12/08/24	-0.18	284.961	-7.51	305.517	-20.556	-6.73		-2.90
						L		Tata Steel	1.442	12/08/24	0.16	1.651	-12.64	1.318	0.333	25.25		27.05
								Ternium Argentina	0.767	12/08/24	-2.32	0.880	-12.80	0.825	0.055	6.69		-17.32
						L		JSW Steel	8.699	12/08/24	1.35	8.951	-2.81	8.310	0.641	7.71		14.31
								Vallourec	11.344	12/08/24	-0.59	12.473	-9.05	12.192	0.281	2.30		8.82
								Kobe Steel	7.978	9/08/24	1.62	9.880	-19.25	10.126	-0.247	-2.43		1.44
						S		Acerinox	7.768	12/08/24	0.05	8.281	-6.20	9.262	-0.981	-10.59		-1.80
								Nippon Steel	15.515	9/08/24	1.83	16.920	-8.30	17.927	-1.007	-5.62		-6.61
								Citic Pacific	0.719	12/08/24		0.719		0.784	-0.065	-8.26		-7.44
						S		Bluescope Steel	10.816	12/08/24	-0.44	10.648	1.58	12.527	-1.880	-15.01		-3.71
						S		Tenaris	10.886	12/08/24	0.71	12.086	-9.93	13.687	-1.600	-11.69		-9.24
								Pacific Metals	6.565	9/08/24	5.59	6.232	5.34	6.738	-0.506	-7.50		-14.09
								voestalpine	18.734	12/08/24	-0.18	21.449	-12.66	24.826	-3.377	-13.60		-6.09
						S		Vulcan Steel	3.370	12/08/24	0.14	3.409	-1.13	4.158	-0.749	-18.02		-13.34
								ArcelorMittal	17.071	12/08/24	0.30	18.072	-5.54	22.310	-4.237	-18.99		-12.29
						S		Aperam	21.263	12/08/24	-0.63	20.889	1.79	28.582	-7.692	-26.91		-13.45
								Outokumpu	2.751	12/08/24	0.31	2.873	-4.25	3.898	-1.025	-26.29		-18.00
						S		Posco Holdings	187.335	12/08/24	0.61	211.932	-11.61	302.747	-90.816	-30.00		-22.20
						S		Salzgitter	12.922	12/08/24	-1.23	15.408	-16.13	24.340	-8.931	-36.69		-29.70
								thyssenkrupp	2.817	12/08/24	-1.63	3.473	-18.89	5.487	-2.014	-36.71		-30.25
Iron and Steel - 19 out of 19 instruments rated - 1/07/24 / 1/01/24 - 4 did rise, Market-Ratio(26) in GBP = 21.05 %

 

 

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

																⇐
L/S	date buy	date sell	days				instrument	spl	pieces		prc buy	prc sell	ps short	prc diff	d %	asset	yield
2/01/06		16/01/06	14				- cash -
long	16/01/06	3/03/08	777				Salzgitter	100	283		35.219	88.306		53.087	151	25,024	54
short	21/01/08	15/06/09	511				Pacific Metals	100	61,509		0.407	0.503	0.311	-0.096	-24	19,111	-18
long	20/04/09	16/08/10	483				Pacific Metals	100	43,409		0.440	0.435		-0.005	-1	18,898	-1
short	16/08/10	10/01/11	147				Salzgitter	100	456		41.432	45.536	37.327	-4.105	-10	17,026	-23
long	18/10/10	8/08/11	294				Severstal	100	1,820		9.355	9.020		-0.335	-4	16,416	-4
short	6/06/11	17/02/14	987				Outokumpu	100	802		20.466	2.803	149.420	128.953	630	119,837	109
long	20/02/12	4/06/12	105				Tenaris	100	9,233		12.979	9.791		-3.188	-25	90,404	-62
	21/01/13	24/08/15	945				Ternium Argentina	100	384,408		0.235	0.375		0.140	59	144,037	20
short	16/06/14	3/10/16	840				Vallourec	100	132		1,088.031	144.389	8,198.785	7,110.754	654	1,082,657	141
long	4/07/16	15/10/18	833				Outokumpu	100	312,337		3.466	3.943		0.476	14	1,231,484	6
short	9/10/17	8/01/18	91				Tenaris	100	115,756		10.639	12.115	9.162	-1.476	-14	1,060,588	-45
	9/04/18	9/11/20	945				Outokumpu	100	222,905		4.758	2.212	10.235	5.477	115	2,281,503	34
long	30/12/19	9/03/20	70				Ternium Argentina	100	6,981,117		0.327	0.217		-0.109	-33	1,518,304	-88
	10/08/20	4/10/21	420				Ternium Argentina	100	3,454,010		0.440	0.689		0.249	57	2,379,092	48
4/10/21		29/11/21	56				- cash -
short	29/11/21	20/02/23	448				Vallourec	100	354,135		6.718	12.333	1.103	-5.615	-84	390,546	-77
long	5/12/22	12/08/24	616				Ternium Argentina	100	442,173		0.883	0.767		-0.116	-13	339,340	-8
short	28/08/23		350				Aperam	100	15,322		22.146	21.263	23.067	0.920	4	353,441	4
accum	16/01/06	12/08/24	7110	days out of 7180 invested (99%)										3,434		353,441	20

instrument	L/S	date buy	date sell	days	prc buy	prc sell	ps short	prc diff	d %			total
Outokumpu	short	6/06/11	17/02/14	987	20.47	2.80	149.42	128.95	630.08
	long	4/07/16	15/10/18	833	3.47	3.94		0.48	13.75
	short	9/04/18	9/11/20	945	4.76	2.21	10.24	5.48	115.12			1,686.41
Salzgitter	long	16/01/06	3/03/08	777	35.22	88.31		53.09	150.73
	short	16/08/10	10/01/11	147	41.43	45.54	37.33	-4.10	-9.91			125.89
Ternium Argentina	long	21/01/13	24/08/15	945	0.24	0.37		0.14	59.33
	long	30/12/19	9/03/20	70	0.33	0.22		-0.11	-33.45
	long	10/08/20	4/10/21	420	0.44	0.69		0.25	56.69
	long	5/12/22	12/08/24	616	0.88	0.77		-0.12	-13.11			44.36
Vallourec	short	16/06/14	3/10/16	840	1,088.03	144.39	8,198.79	7,110.75	653.54
	short	29/11/21	20/02/23	448	6.72	12.33	1.10	-5.62	-83.58			23.70
Aperam	short	28/08/23	12/08/24	350	22.15	21.26	23.07	0.92	4.16			4.16
Severstal	long	18/10/10	8/08/11	294	9.36	9.02		-0.33	-3.58			-3.58
Pacific Metals	short	21/01/08	15/06/09	511	0.41	0.50	0.31	-0.10	-23.63
	long	20/04/09	16/08/10	483	0.44	0.44		-0.00	-1.12			-24.48
Tenaris	long	20/02/12	4/06/12	105	12.98	9.79		-3.19	-24.56
	short	9/10/17	8/01/18	91	10.64	12.11	9.16	-1.48	-13.88			-35.03

Annotations

28/07/22	Tata Steel			stock split 1:10 (ten for one)
25/05/20	Vallourec			reverse split 40:1 (one for fourty)
18/05/17	ArcelorMittal			reverse stock split 3:1 (one for three) ISIN change from LU0323134006 to LU1598757687
15/03/15	Iron and Steel			first complete analysis

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