GNW Forecast


Bullish Case: With GNW trading at $6.12, valuations reflect resilience. Low price to book ratio (0.1) hints undervaluation, potential rebounds. Lower implied volatility for long-term options suggest stability.


Bearish Case: Recent trends show GNW trading near flat or slightly below previous levels. Higher volume in put options and slightly elevated implied volatility indicate a bearish sentiment. Historical low returns amplify risk.


Potential Outcomes: 70% chance of continued sideway movements due to flat recent action, 20% chance of further decline given elevated put volumes, 10% chance of rebound due to undervaluation indicators.


Trading Oracle: Execute a bullish short volatility credit spread: sell Aug '24 $6.0 puts, buy Sept '24 $5.0 puts. Potential profit if GNW > $6.0 at expiration. Positive edge, low risk due to time decay, and solid reward:risk.


July 02, 2024


Genworth Financial Forecast

GNW      Genworth Financial











Correlated Assets

Assets that tend to move strongly with GNW



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.56)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.27)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.41)



Uncorrelated Assets

Assets with little price relationship to GNW



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.27)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.41)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.56)



Anticorrelated Assets

Assets that tend to move strongly against GNW



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.56)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.07)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.27)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.41)





Become a more profitable investor with AI optimized trading strategies






×

Chat with GNW


 Ask any question about GNW!