FA Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: The FA Historical Price Return Surface indicates higher positive return likelihood, supported by potentially favorable housing market developments.




Bearish Case: High implied volatility and backwardation suggest continued market uncertainty and potential downside risks, as recent trends indicate.




Potential Outcomes:
  • Continued flat performance: 50% - supported by mean reversion.
  • Upside gains: 30% - housing market and volatility hint at growth opportunities.
  • Downside risks: 20% - high volatility and volume concerns persist.



June 20, 2025


First Advantage Forecast

FA        First Advantage











Correlated Assets

Assets that tend to move strongly with FA



BIP Forecast + Options Trading Strategies   BIP  Brookfield Infrastructure (0.8)


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (0.8)


MIDU Forecast + Options Trading Strategies   MIDU  Direxion Daily Mid Cap Bull 3x Shares (0.76)


DXC Forecast + Options Trading Strategies   DXC  DXC Technology (0.75)


ZETA Forecast + Options Trading Strategies   ZETA  Zeta Global Holdings Corp (0.75)



Uncorrelated Assets

Assets with little price relationship to FA



AMGN Forecast + Options Trading Strategies   AMGN  AMGEN (0.0)


KLAC Forecast + Options Trading Strategies   KLAC  KLA (-0.0)


FTNT Forecast + Options Trading Strategies   FTNT  Fortinet (-0.01)


CHCT Forecast + Options Trading Strategies   CHCT  Community Healthcare (-0.01)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FA



SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.43)


DPZ Forecast + Options Trading Strategies   DPZ  Dominos Pizza (-0.44)


ACMR Forecast + Options Trading Strategies   ACMR  ACM Research (-0.47)


OKTA Forecast + Options Trading Strategies   OKTA  Okta (-0.58)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.61)









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