AMAL Forecast


Bullish Case: AMAL has demonstrated robust growth over the past two years, up 68.3% YoY. JPMorgan's target increase to $32.50 further supports bullish sentiment [marketbeat.com].


Bearish Case: Despite recent gains, the price forecast of +0.18% and a neutral HeliumTrades AI correlation suggest limited short-term upside. High volatility in geopolitical tensions may also weigh on sentiment [Helium][Helium].


Potential Outcomes:

1. Market Price Surge (15%): Driven by positive sentiment and bullish analyst targets [marketbeat.com].

2. Price Stagnation (65%): Due to flat recent price action and neutral AI forecasts [Helium][Helium].

3. Price Drop (20%): Elevated geopolitical risks and macroeconomic uncertainties [USA Today][YNet].


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June 28, 2024


Amalgamated Financial Forecast

AMAL      Amalgamated Financial











Correlated Assets

Assets that tend to move strongly with AMAL



WAL Forecast + Options Trading Strategies   WAL  Western Alliance Bancorp (0.94)


ZION Forecast + Options Trading Strategies   ZION  Zions Bancorporation N.A (0.91)


AX Forecast + Options Trading Strategies   AX  Axos Financial (0.91)


MTH Forecast + Options Trading Strategies   MTH  Meritage Homes (0.9)


HWC Forecast + Options Trading Strategies   HWC  Hancock Whitney (0.9)



Uncorrelated Assets

Assets with little price relationship to AMAL



INOD Forecast + Options Trading Strategies   INOD  Innodata (-0.0)


KLIC Forecast + Options Trading Strategies   KLIC  Kulicke & Soffa Industries (0.0)


VALE Forecast + Options Trading Strategies   VALE  Vale (0.0)


VGR Forecast + Options Trading Strategies   VGR  Vector (-0.0)


POR Forecast + Options Trading Strategies   POR  Portland General Electric (0.0)



Anticorrelated Assets

Assets that tend to move strongly against AMAL



SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.78)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.78)


YUMC Forecast + Options Trading Strategies   YUMC  Yum China (-0.8)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.8)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (-0.81)





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