AI AP Forecast

Price Forecast:


Bearish<->Bullish


Bullish Case: AP's historical return trends indicate strong returns (up to 311%) for multi-year holdings, suggesting potential recovery and mean reversion given current price levels.


Bearish Case: AP's ongoing underperformance and high implied volatility (500%) point toward heightened risks, especially with economic headwinds persisting and overall market sentiment wavering.


Potential Outcomes:

1. 30% chance of a recovery to $2.50 due to historical trends.

2. 50% chance of stagnation around $1.80.

3. 20% chance of a decline to $1.20 driven by negative sentiment.


Trading Oracle: Given heightened volatility, consider a 2.50/5.00 bull call spread expiring December 2024 to capture rebound potential while managing risk. Targeting a bullish stance aligns with historical return data supporting long positions. Favorable price action may yield significant upside.


October 15, 2024


Ampco-Pittsburgh Forecast

AP        Ampco-Pittsburgh











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Anticorrelated Assets

Assets that tend to move strongly against AP



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