ACES Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Potential regulatory support and higher clean energy sentiment may drive ACES towards mean-reversion to $30, benefiting from lower volatility.




Bearish Case: High implied volatility at low strike prices indicates market uncertainty. Historical trends suggest a strong possibility of continued price decline below $20.




Potential Outcomes:
  • Mean reversion to $25 (40%) if market stabilizes.
  • Decline below $20 (30%) due to volatility.
  • Short-term spike above $28 (30%) with positive news.



April 19, 2025


ALPS Clean Energy Forecast

ACES        ALPS Clean Energy











Correlated Assets

Assets that tend to move strongly with ACES



TAN Forecast + Options Trading Strategies   TAN  Invesco Solar (0.91)


TDW Forecast + Options Trading Strategies   TDW  Tidewater Inc. - New (0.88)


STM Forecast + Options Trading Strategies   STM  New York Shares (0.88)


AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (0.87)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (0.87)



Uncorrelated Assets

Assets with little price relationship to ACES



TTI Forecast + Options Trading Strategies   TTI  Tetra Technologies (-0.01)


EA Forecast + Options Trading Strategies   EA  Electronic Arts (0.01)


CAT Forecast + Options Trading Strategies   CAT  Caterpillar (-0.02)


HRI Forecast + Options Trading Strategies   HRI  Herc (0.02)


APPN Forecast + Options Trading Strategies   APPN  Appian (0.03)



Anticorrelated Assets

Assets that tend to move strongly against ACES



BK Forecast + Options Trading Strategies   BK  Bank Of New York Mellon (-0.74)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.77)


ORI Forecast + Options Trading Strategies   ORI  Old Republic International (-0.79)


OUNZ Forecast + Options Trading Strategies   OUNZ  VanEck Merk Gold (-0.8)


ORLY Forecast + Options Trading Strategies   ORLY  O'Reilly Automotive (-0.87)









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