CNDT Forecast


Bullish Case: Upcoming tech implementations like 3D Fare Gate piloted with SEPTA and recent asset sales suggest effective cash use and a tech-driven future. Strong institutional ownership can push price higher.


Bearish Case: Substantial price decline history, consistent earnings volatility, and recent trend of institutional selling pose a significant risk. The recent AI price forecast’s low correlation reduces confidence.


Potential Outcomes:

1. Stability (50%) due to mean-reverting nature.

2. Upside due to new business (25%).

3. Decline from poor earnings (25%). Negative net margin and return on equity support bearish scenarios.


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June 06, 2024


Conduent Forecast

CNDT      Conduent











Correlated Assets

Assets that tend to move strongly with CNDT



EXR Forecast + Options Trading Strategies   EXR  Extra Space Storage (0.59)


PLAB Forecast + Options Trading Strategies   PLAB  Photronics (0.58)


AX Forecast + Options Trading Strategies   AX  Axos Financial (0.56)


PSA Forecast + Options Trading Strategies   PSA  Public Storage (0.56)


WRBY Forecast + Options Trading Strategies   WRBY  Warby Parker (0.55)



Uncorrelated Assets

Assets with little price relationship to CNDT



LFMD Forecast + Options Trading Strategies   LFMD  LifeMD (-0.0)


CLX Forecast + Options Trading Strategies   CLX  Clorox (0.0)


SBAC Forecast + Options Trading Strategies   SBAC  SBA Communications (0.0)


SDGR Forecast + Options Trading Strategies   SDGR  Schrodinger (0.0)


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



Anticorrelated Assets

Assets that tend to move strongly against CNDT



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.44)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.45)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.47)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.49)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.55)





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