Bullish Case: Robust demand for Kentucky Derby tickets, expansion plans, and a strategic SAP partnership imply potential growth for CHDN ahead of Derby events.


Bearish Case: Safety concerns persist, risking attendance and revenue; high price to book ratio indicates potential overvaluation and downside risk.


Potential Outcomes: Expansion and Derby success (60%); safety issues impact brand, attendance (35%); stricter safety regulations raise costs (5%).


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March 29, 2024


Churchill Downs Forecast

CHDN        Churchill Downs
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with CHDN



KLIC Forecast + Options Trading Strategies   [KLIC]  Kulicke & Soffa Industries (0.73)


OUST Forecast + Options Trading Strategies   [OUST]  Ouster (0.71)


DV Forecast + Options Trading Strategies   [DV]  DoubleVerify (0.68)


CPA Forecast + Options Trading Strategies   [CPA]  Copa (0.67)


GNRC Forecast + Options Trading Strategies   [GNRC]  Generac (0.67)



Uncorrelated Stock Forecasts

Assets with little price relationship to CHDN



IEP Forecast + Options Trading Strategies   [IEP]  Icahn (0.0)


WES Forecast + Options Trading Strategies   [WES]  Western Midstream (0.0)


EGO Forecast + Options Trading Strategies   [EGO]  Eldorado Gold (0.0)


PARR Forecast + Options Trading Strategies   [PARR]  Par Pacific (0.0)


KWEB Forecast + Options Trading Strategies   [KWEB]  KraneShares CSI China Internet (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CHDN



XOM Forecast + Options Trading Strategies   [XOM]  Exxon Mobil (-0.39)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.39)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.39)


ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (-0.45)


BJ Forecast + Options Trading Strategies   [BJ]  BJ's Wholesale Club (-0.67)





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