AFK Forecast


Bullish Case: South Africa's exit from recession and recovery in primary sectors may boost regional economic prospects positively affecting AFK's performance [Yahoo].


Bearish Case: AFK's historical returns primarily show a negative trend, correlated with persistent economic and political instability in key markets [rt.com, Helium].


Potential Outcomes:

1. Regional economic stabilization (25%) leads modest growth.

2. Continued instability causing decline (55%).

3. Moderate short-term price correction (20%).


Trading Oracle: Trade a bearish credit spread (short volatility) on AFK January $16.00 puts. Expect high implied volatility with a neutral-to-bearish price outlook. Time frame: 6-8 weeks.


June 28, 2024


VanEck Vectors Africa Index Forecast

AFK      VanEck Vectors Africa Index











Correlated Assets

Assets that tend to move strongly with AFK



SAND Forecast + Options Trading Strategies   SAND  Sandstorm Gold (0.93)


AMRK Forecast + Options Trading Strategies   AMRK  A-Mark Precious Metals (0.89)


NEE Forecast + Options Trading Strategies   NEE  NextEra Energy (0.88)


MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.86)


SMTC Forecast + Options Trading Strategies   SMTC  Semtech (0.85)



Uncorrelated Assets

Assets with little price relationship to AFK



GT Forecast + Options Trading Strategies   GT  Goodyear Tire & Rubber (0.0)


LKQ Forecast + Options Trading Strategies   LKQ  LKQ (0.0)


HSIC Forecast + Options Trading Strategies   HSIC  Henry Schein (-0.0)


BMY Forecast + Options Trading Strategies   BMY  Bristol-Myers Squibb (-0.0)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against AFK



BRZE Forecast + Options Trading Strategies   BRZE  Braze (-0.76)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.77)


AKAM Forecast + Options Trading Strategies   AKAM  Akamai (-0.78)


RPD Forecast + Options Trading Strategies   RPD  Rapid7 (-0.79)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.83)





Become a more profitable investor with AI optimized trading strategies






×

Chat with AFK


 Ask any question about AFK!