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Bullish Case: Strong balance sheet, dividend declarations, and a market price above recent lows suggest potential upside. AI forecasts a slight bullish trend.


Bearish Case: Historical price decline over ten years and mean-reverting price action may continue to pressure shares.


Potential Outcomes:

1) Tanker rates vary: 60% remain high,

2) geopolitical tensions: 10% increase rates,

3) demand falls: 30% drop rates.


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April 05, 2024


Teekay Forecast

TK        Teekay
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with TK



TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (0.93)


WDFC Forecast + Options Trading Strategies   WDFC  WD-40 (0.89)


INSW Forecast + Options Trading Strategies   INSW  International Seaways (0.89)


X Forecast + Options Trading Strategies   X  United States Steel (0.88)


BPOP Forecast + Options Trading Strategies   BPOP  Popular (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to TK



DBI Forecast + Options Trading Strategies   DBI  Designer Brands (-0.0)


OTEX Forecast + Options Trading Strategies   OTEX  Open Text (0.0)


KHC Forecast + Options Trading Strategies   KHC  Kraft Heinz (0.0)


PSA Forecast + Options Trading Strategies   PSA  Public Storage (-0.0)


PPL Forecast + Options Trading Strategies   PPL  PPL (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TK



SPWR Forecast + Options Trading Strategies   SPWR  Sunpower (-0.84)


FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (-0.85)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (-0.86)


CHAU Forecast + Options Trading Strategies   CHAU  Direxion Daily CSI 300 China A Share Bull 2X Shares (-0.86)


ZTO Forecast + Options Trading Strategies   ZTO  ZTO Express (Cayman) (-0.87)





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