FYC Forecast


Bullish Case: FYC has shown a significant growth trend over the past decade. The relatively higher likelihood of positive price returns over extended periods suggests resilience. Given current performance metrics like the 10.3% YoY increase, FYC shows strong upward momentum.


Bearish Case: FYC's performance has become stagnant recently, with a slight decline of -2.1% in the past month. Coupled with a low historical correlation (0.2) between actual prices and predicted models, short-term volatility raises concerns about sustainability of gains.


Potential Outcomes:

1. Continued moderate growth (60%) - based on historical patterns

2. Short-term decline due to market volatility (25%)

3. Significant downturn based on low predictive correlation (15%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


June 27, 2024


First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX Forecast

FYC      First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX











Correlated Assets

Assets that tend to move strongly with FYC



VTWO Forecast + Options Trading Strategies   VTWO  Vanguard Russell 2000 Index (0.96)


NXPI Forecast + Options Trading Strategies   NXPI  NXP Semiconductors (0.96)


SCHA Forecast + Options Trading Strategies   SCHA  Schwab Strategic Trust - Schwab U.S. Small-Cap (0.96)


IEFA Forecast + Options Trading Strategies   IEFA  BTC iShares Core MSCI EAF (0.94)


EFA Forecast + Options Trading Strategies   EFA  BTC iShares MSCI EAFE (0.94)



Uncorrelated Assets

Assets with little price relationship to FYC



SMAR Forecast + Options Trading Strategies   SMAR  Smartsheet (-0.0)


HSY Forecast + Options Trading Strategies   HSY  Hershey (-0.0)


REXR Forecast + Options Trading Strategies   REXR  Rexford Industrial Realty (0.0)


AOSL Forecast + Options Trading Strategies   AOSL  Alpha & Omega Semiconductor (0.0)


BMEA Forecast + Options Trading Strategies   BMEA  Biomea Fusion (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against FYC



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 (-0.92)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.95)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.96)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.96)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FYC


 Ask any question about FYC!