FTS Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: The decreasing market volatility and positive trends in historical returns suggest potential for price appreciation in FTS, especially with upcoming confirmations from partnership successes and operational improvements.




Bearish Case: Current high put volume indicates bearish sentiment, compounded by uncertainty in regulatory outcomes and potential operational challenges, which may constrict stock performance in the near-term.




Potential Outcomes:

1. Successful partnership outcomes (60%),

2. Regulatory clarity improves market sentiment (50%),

3. Operational setbacks worsen (40%),

4. Economic downturn affecting utility valuations (30%).




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November 17, 2024


Fortis Forecast

FTS        Fortis











Correlated Assets

Assets that tend to move strongly with FTS



SRE Forecast + Options Trading Strategies   SRE  Sempra Energy (0.85)


CWAN Forecast + Options Trading Strategies   CWAN  Clearwater Analytics Holdings (0.84)


COMM Forecast + Options Trading Strategies   COMM  CommScope (0.83)


NOC Forecast + Options Trading Strategies   NOC  Northrop Grumman (0.82)


RDFN Forecast + Options Trading Strategies   RDFN  Redfin (0.82)



Uncorrelated Assets

Assets with little price relationship to FTS



ATXS Forecast + Options Trading Strategies   ATXS  Astria Therapeutics (-0.0)


FEZ Forecast + Options Trading Strategies   FEZ  SPDR EURO Stoxx 50 (0.0)


CZR Forecast + Options Trading Strategies   CZR  Caesars Entertainment (0.01)


OUST Forecast + Options Trading Strategies   OUST  Ouster (0.01)


TRMB Forecast + Options Trading Strategies   TRMB  Trimble (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FTS



LRCX Forecast + Options Trading Strategies   LRCX  Lam Research (-0.75)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (-0.75)


AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (-0.75)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (-0.77)


ABNB Forecast + Options Trading Strategies   ABNB  Airbnb (-0.83)









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