CRS Forecast + Trading Strategies


Bullish Case: Deutsche Bank's $144 PT, high option call volume, and a positive earnings forecast support further price appreciation for CRS, despite minor market uncertainties.


Bearish Case: Historical mean reversion and a -0.3 correlation with Helium AI forecasts imply potential downside, with market uncertainty exacerbating instability.


Potential Outcomes:

1. Bullish earnings surprise: 60% (Strong historical performance)

2. Market-driven price decline: 40% (Mean reversion and volatility).


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July 16, 2024


Carpenter Technology Forecast

CRS      Carpenter Technology











Correlated Assets

Assets that tend to move strongly with CRS



SHEL Forecast + Options Trading Strategies   SHEL  Shell Plc - ADR (Representing) (0.85)


GATO Forecast + Options Trading Strategies   GATO  Gatos Silver (0.83)


AM Forecast + Options Trading Strategies   AM  Antero Midstream (0.82)


CCJ Forecast + Options Trading Strategies   CCJ  Cameco (0.82)


AFL Forecast + Options Trading Strategies   AFL  Aflac (0.81)



Uncorrelated Assets

Assets with little price relationship to CRS



CFR Forecast + Options Trading Strategies   CFR  Cullen Frost Bankers (-0.0)


MGNI Forecast + Options Trading Strategies   MGNI  Magnite (-0.0)


MGNX Forecast + Options Trading Strategies   MGNX  Macrogenics (0.0)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.0)


UNH Forecast + Options Trading Strategies   UNH  Unitedhealth (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against CRS



EB Forecast + Options Trading Strategies   EB  Eventbrite (-0.78)


LAZR Forecast + Options Trading Strategies   LAZR  Luminar (-0.78)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.78)


CBRL Forecast + Options Trading Strategies   CBRL  Cracker Barrel Old Country Store (-0.78)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.81)





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