CNXC Forecast + Trading Strategies


Bullish Case: Potential upside driven by strategic initiatives, Webhelp acquisition synergy, and expanding global footprint mitigate immediate AI risks. Low current price offers attractive entry.


Bearish Case: Long-term AI disruption fears, persistent market volatility, high implied volatility, and declining options volume indicate potential continued underperformance.


Potential Outcomes: Improved performance from strategic initiatives: 30%. Continued AI disruption and price decline: 50%. Market sentiment shift spurring recovery: 15%. Persistent underperformance: 5%.


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June 27, 2024


Concentrix Forecast

CNXC      Concentrix











Correlated Assets

Assets that tend to move strongly with CNXC



SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (0.91)


VALE Forecast + Options Trading Strategies   VALE  Vale (0.87)


IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.86)


DT Forecast + Options Trading Strategies   DT  Dynatrace (0.85)


SOXX Forecast + Options Trading Strategies   SOXX  BTC iShares PHLX Semicond (0.85)



Uncorrelated Assets

Assets with little price relationship to CNXC



MTTR Forecast + Options Trading Strategies   MTTR  Matterport (-0.0)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (0.0)


MPW Forecast + Options Trading Strategies   MPW  Medical Properties (-0.0)


GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (0.0)


SUN Forecast + Options Trading Strategies   SUN  Sunoco (0.01)



Anticorrelated Assets

Assets that tend to move strongly against CNXC



AR Forecast + Options Trading Strategies   AR  Antero Resources (-0.82)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.82)


UNM Forecast + Options Trading Strategies   UNM  Unum (-0.83)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.84)


ARIS Forecast + Options Trading Strategies   ARIS  Aris Water (-0.85)





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