CARE Forecast


Bullish Case: CARE's ongoing digital innovation boosts operational efficiency, potentially driving the price upward in a historically mean-reverting scenario, suggesting a likelihood of upside recovery.


Bearish Case: High market volatility reflects possible investor uncertainty, and a mean-reverting historical pattern could suggest limited upside, potentially leading to price stagnation or a downturn.


Potential Outcomes: Positive digital transformation impact (25%), stagnation due to investor uncertainty (35%), prolonged bearish trend (30%), unexpected market shift (10%).


Trading Oracle: Trade bullish long-call debit spreads; implied volatility is high and likely to capture mean-reversion towards mid-$20s in the next 3 months. This has a positive edge, balancing potential gains with limited downside risk.


July 14, 2024


Carter Bankshares Forecast

CARE      Carter Bankshares











Correlated Assets

Assets that tend to move strongly with CARE



DEA Forecast + Options Trading Strategies   DEA  Easterly Government Properties (0.85)


LITE Forecast + Options Trading Strategies   LITE  Lumentum (0.84)


RUN Forecast + Options Trading Strategies   RUN  Sunrun (0.79)


BXP Forecast + Options Trading Strategies   BXP  Boston Properties (0.78)


RDFN Forecast + Options Trading Strategies   RDFN  Redfin (0.78)



Uncorrelated Assets

Assets with little price relationship to CARE



GPRE Forecast + Options Trading Strategies   GPRE  Green Plains (-0.0)


GCT Forecast + Options Trading Strategies   GCT  GigaCloud Technology (-0.0)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.0)


OKTA Forecast + Options Trading Strategies   OKTA  Okta (-0.0)


KR Forecast + Options Trading Strategies   KR  Kroger (0.0)



Anticorrelated Assets

Assets that tend to move strongly against CARE



SWN Forecast + Options Trading Strategies   SWN  Southwestern Energy (-0.49)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (-0.49)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (-0.54)


REK Forecast + Options Trading Strategies   REK  ProShares Short Real Estate (-0.54)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.7)


CARE News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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