AI FPA Forecast


Bullish Case: FPA could benefit from an economic rebound in the Asia-Pacific region, where strong fundamentals and positive trade developments might propel the fund upward, particularly after prolonged stagnation.


Bearish Case: Continued geopolitical instability and economic uncertainty may lead to persistent flat performance or decline in FPA, as evidenced by weak historical returns and adverse regional developments.


Potential Outcomes:

1. Economic recovery in Asia-Pacific (30%).

2. Continued flat performance (25%).

3. Adverse geopolitical events impacting FPA (25%).

4. Positive trade developments fueling gains (20%).


Trading Oracle: Consider utilizing long volatility debit spreads targeting FPA with a bullish outlook over 3-6 months. This strategy aligns with potential positive developments and mitigates downside risk given current uncertainty.


September 14, 2024


First Trust Exchange-Traded Fund III - First Trust Asia Pacific ex-Japan AlphaDEX Forecast

FPA      First Trust Exchange-Traded Fund III - First Trust Asia Pacific ex-Japan AlphaDEX











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Assets that tend to move strongly with FPA



VUG Forecast + Options Trading Strategies   VUG  Vanguard Growth (0.93)


GLW Forecast + Options Trading Strategies   GLW  Corning (0.93)


SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.93)


VIG Forecast + Options Trading Strategies   VIG  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.92)


VWO Forecast + Options Trading Strategies   VWO  Vanguard Group, Inc. - Vanguard FTSE Emerging Markets (0.92)



Uncorrelated Assets

Assets with little price relationship to FPA



HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (0.0)


CSGP Forecast + Options Trading Strategies   CSGP  Costar Group (-0.0)


EVGO Forecast + Options Trading Strategies   EVGO  EVgo (0.0)


BKR Forecast + Options Trading Strategies   BKR  Baker Hughes (-0.0)


KHC Forecast + Options Trading Strategies   KHC  Kraft Heinz (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FPA



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.89)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.89)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.9)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.91)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.91)





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