FRI Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: FRI shows potential for growth with positive historical returns over short periods. Stabilizing interest rates might boost the REIT sector, indicating moderate price appreciation.




Bearish Case: High implied volatility at lower strike prices signals market caution. Continued remote work trends and economic uncertainty could negatively impact FRI with possible price declines.




Potential Outcomes:
  • 35% chance of 0-3% increase due to stabilization.
  • 30% likelihood of stagnation from flat price action.
  • 35% chance of 2-5% decline amid high volatility.



March 18, 2025


First Trust S&P REIT Index Forecast

FRI        First Trust S&P REIT Index











Correlated Assets

Assets that tend to move strongly with FRI



VNQ Forecast + Options Trading Strategies   VNQ  Vanguard Real Estate Index (0.99)


HIG Forecast + Options Trading Strategies   HIG  Hartford Financial Services (0.93)


PTGX Forecast + Options Trading Strategies   PTGX  Protagonist Therapeutics (0.91)


RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (0.9)


XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (0.9)



Uncorrelated Assets

Assets with little price relationship to FRI



OPCH Forecast + Options Trading Strategies   OPCH  Option Care Health Inc. - Registered Shares (0.0)


AAL Forecast + Options Trading Strategies   AAL  American Airlines (-0.01)


FMC Forecast + Options Trading Strategies   FMC  FMC (-0.01)


KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.01)


SAN Forecast + Options Trading Strategies   SAN  Banco Santander (0.02)



Anticorrelated Assets

Assets that tend to move strongly against FRI



EC Forecast + Options Trading Strategies   EC  Ecopetrol SA (-0.79)


BBWI Forecast + Options Trading Strategies   BBWI  Bath & Body Works (-0.8)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (-0.81)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.85)


AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (-0.87)









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