EFAS Forecast


Bullish Case: A potential bullish case arises from high historical returns observed for EFAS over longer holding periods, suggesting favorable long-term growth possibilities. Additionally, implied volatilities indicate market skepticism, which may create opportunities for recovery as market sentiment shifts positively.




Bearish Case: The bearish case hinges on current flat trading patterns coupled with high implied volatility, suggesting continued investor uncertainty. Economic headwinds could exacerbate downside risks, leading to pressure on EFAS prices in the near term.




Potential Outcomes:

1. (30%) Moderate recovery to $16 based on improving economic conditions.

2. (50%) Continued flat price action around $14 due to persistent market uncertainty.

3. (20%) Significant decline below $13 driven by macroeconomic pressures and low investor confidence.




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November 19, 2024


Global X Funds - Global X MSCI SuperDividend EAFE Forecast

EFAS        Global X Funds - Global X MSCI SuperDividend EAFE











Correlated Assets

Assets that tend to move strongly with EFAS



EFA Forecast + Options Trading Strategies   EFA  BTC iShares MSCI EAFE (0.9)


EWG Forecast + Options Trading Strategies   EWG  BlackRock Institutional Trust Company N.A. - iShares MSCI Germany (0.88)


IIPR Forecast + Options Trading Strategies   IIPR  Innovative Industrial Properties (0.87)


EIX Forecast + Options Trading Strategies   EIX  Edison International (0.86)


FE Forecast + Options Trading Strategies   FE  Firstenergy (0.85)



Uncorrelated Assets

Assets with little price relationship to EFAS



SGRY Forecast + Options Trading Strategies   SGRY  Surgery (-0.0)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.0)


AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (-0.0)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (0.01)


RRR Forecast + Options Trading Strategies   RRR  Red Rock Resorts (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against EFAS



EWCZ Forecast + Options Trading Strategies   EWCZ  European Wax Center (-0.71)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (-0.71)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.72)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (-0.74)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (-0.75)









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