NTRS Forecast + Trading Strategies


Bullish Case: NTRS's resilient performance despite macro headwinds, with a recent uptick in price and significant bullish short volatility potential, suggests a positive near-term outlook.


Bearish Case: A mean-reverting price with a flat options term structure and geopolitical tensions may limit upside, possibly signaling caution.


Potential Outcomes:

1. NTRS rallies modestly in short-term (60%), supported by bearish short volatility strategies.

2. Slight price correction due to external shocks (30%).

3. Significant unexpected news causes large volatility (10%).


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April 04, 2024


Northern Forecast

NTRS        Northern
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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Assets that tend to move strongly with NTRS



HBAN Forecast + Options Trading Strategies   HBAN  Huntington Bancshares (0.94)


RKT Forecast + Options Trading Strategies   RKT  Rocket Companies (0.94)


IAT Forecast + Options Trading Strategies   IAT  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (0.94)


CFG Forecast + Options Trading Strategies   CFG  Citizens Financial (0.93)


SPYD Forecast + Options Trading Strategies   SPYD  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to NTRS



LEU Forecast + Options Trading Strategies   LEU  Centrus Energy (0.0)


ARWR Forecast + Options Trading Strategies   ARWR  Arrowhead Pharmaceuticals (-0.0)


YOU Forecast + Options Trading Strategies   YOU  Clear Secure (-0.01)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (-0.01)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NTRS



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.89)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.89)


DOG Forecast + Options Trading Strategies   DOG  ProShares Short Dow30 (-0.89)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.91)





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