ES Forecast + Trading Strategies


Bullish Case: Eversource's focus on renewable projects and reliable dividends position it well for growth.


Bearish Case: Market volatility, regulatory challenges, and insider selling hint at potential continued decline.


Potential Outcomes: 45% growth from renewables and regulatory support; 35% continued volatility leading to further losses; 20% price stabilization.


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July 03, 2024


Eversource Energy Forecast

ES      Eversource Energy











Correlated Assets

Assets that tend to move strongly with ES



POR Forecast + Options Trading Strategies   POR  Portland General Electric (0.88)


EVRG Forecast + Options Trading Strategies   EVRG  Evergy (0.85)


WEC Forecast + Options Trading Strategies   WEC  WEC Energy (0.8)


AWK Forecast + Options Trading Strategies   AWK  American Water Works (0.8)


RH Forecast + Options Trading Strategies   RH  RH - (0.79)



Uncorrelated Assets

Assets with little price relationship to ES



SNAP Forecast + Options Trading Strategies   SNAP  Snapchat (-0.0)


EWN Forecast + Options Trading Strategies   EWN  BlackRock Institutional Trust Company N.A. - iShares MSCI Netherlands (0.0)


CVS Forecast + Options Trading Strategies   CVS  CVS Health (-0.0)


AXP Forecast + Options Trading Strategies   AXP  American Express (-0.0)


SII Forecast + Options Trading Strategies   SII  Sprott (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against ES



CBOE Forecast + Options Trading Strategies   CBOE  Cboe Global Markets (-0.54)


UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (-0.54)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.56)


EUO Forecast + Options Trading Strategies   EUO  ProShares UltraShort Euro (-0.6)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.62)





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