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CNXC Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Implied volatility indicates market anticipation for significant movement, supporting a potential recovery in CNXC. Strategic growth initiatives and historical price rebound patterns bolster the bullish argument.



Bearish Case: High implied volatility combined with ongoing market uncertainty and bearish sentiment reflected in trading volumes suggests CNXC might face continued price pressure, possibly exacerbated by AI disruption fears.



Potential Outcomes:
  • Shift in market sentiment towards CNXC improving performance (30% chance).
  • Successful integration of recent acquisitions leads to profitability (50% chance).
  • Continued AI-related disruptions impacting returns (40% chance).



Trading Oracle: Consider executing a credit spread by selling $40 calls and buying $45 calls, targeting high implied volatility levels and the current bearish sentiment. This strategy aims for stable returns with a potential profit of 19% over 32 days, aligning with predicted volatility shifts and hedging against market fluctuations.


November 20, 2024


Concentrix Forecast

CNXC        Concentrix

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Correlated Assets

Assets that tend to move strongly with CNXC


HUM Forecast + Options Trading Strategies   HUM  Humana (0.86)


FLGT Forecast + Options Trading Strategies   FLGT  Fulgent Genetics (0.86)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (0.84)


CHPT Forecast + Options Trading Strategies   CHPT  ChargePoint (0.83)


BA Forecast + Options Trading Strategies   BA  Boeing (0.81)



Uncorrelated Assets

Assets with little price relationship to CNXC


EWY Forecast + Options Trading Strategies   EWY  iShares MSCI South Korea (-0.0)


F Forecast + Options Trading Strategies   F  Ford Motor (-0.0)


EVGO Forecast + Options Trading Strategies   EVGO  EVgo (-0.0)


TRMD Forecast + Options Trading Strategies   TRMD  TORM (-0.0)


UMC Forecast + Options Trading Strategies   UMC  United Micro Electronics (0.0)



Anticorrelated Assets

Assets that tend to move strongly against CNXC


OWL Forecast + Options Trading Strategies   OWL  Blue Owl (-0.79)


CAT Forecast + Options Trading Strategies   CAT  Caterpillar (-0.8)


PWR Forecast + Options Trading Strategies   PWR  Quanta Services (-0.8)


DAL Forecast + Options Trading Strategies   DAL  Delta Air Lines (-0.84)


VRT Forecast + Options Trading Strategies   VRT  Vertiv (-0.86)







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