FAAR Forecast


Bullish Case: FAAR's recent moderate gains over short time frames, coupled with an active management approach and commodity exposure, suggest resilience and potential for strategic upside amidst varying market conditions.


Bearish Case: Recent institutional selling, flat price action, and a lack of strong predictive signals hint at possible continued underperformance or stagnation in a market showing signs of uncertainty and unresponsive to current strategies.


Potential Outcomes:

1. Renewed institutional interest leads to price increase: 25%.

2. Continued selling and flat action causes further drop: 35%.

3. Increased market volatility boosts ETF returns slightly: 20%.

4. Stagnation persists: 20%.


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May 01, 2024


First Trust Alternative Absolute Return Strategy Forecast

FAAR        First Trust Alternative Absolute Return Strategy
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with FAAR



UGA Forecast + Options Trading Strategies   UGA  United States Commodity Funds (0.68)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.68)


ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (0.66)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (0.65)


HAS Forecast + Options Trading Strategies   HAS  Hasbro (0.65)



Uncorrelated Stock Forecasts

Assets with little price relationship to FAAR



IMPP Forecast + Options Trading Strategies   IMPP  Imperial Petroleum (0.0)


VITL Forecast + Options Trading Strategies   VITL  Vital Farms (0.0)


IR Forecast + Options Trading Strategies   IR  Ingersoll-Rand (-0.0)


ROL Forecast + Options Trading Strategies   ROL  Rollins (0.0)


TXRH Forecast + Options Trading Strategies   TXRH  Texas Roadhouse (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FAAR



RHI Forecast + Options Trading Strategies   RHI  Robert Half International (-0.54)


SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (-0.56)


DAVA Forecast + Options Trading Strategies   DAVA  Endava plc (-0.57)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.64)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.67)





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