GRID Forecast


Bullish Case: GRID is set to benefit from the increased clean energy demand, favorable government policies, and adaptation to clean energy tech. Expected market growth drives positive forecasts.


Bearish Case: Increased grid instability due to weather or cyber-attacks, regulatory challenges, and high operational costs could negatively impact GRID's performance.


Potential Outcomes: Increased clean energy adoption (50%)
Regulatory pressures on operations (25%)
Market volatility impacts (15%)
Grid infrastructure issues due to extreme weather (10%).


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July 17, 2024


First Trust NASDAQ Clean Edge S Forecast

GRID      First Trust NASDAQ Clean Edge S











Correlated Assets

Assets that tend to move strongly with GRID



GM Forecast + Options Trading Strategies   GM  General Motors (0.97)


VXUS Forecast + Options Trading Strategies   VXUS  Vanguard Group, Inc. - Vanguard Total International Stock (0.96)


LPX Forecast + Options Trading Strategies   LPX  Louisiana-Pacific (0.96)


CMI Forecast + Options Trading Strategies   CMI  Cummins (0.95)


CROX Forecast + Options Trading Strategies   CROX  Crocs (0.95)



Uncorrelated Assets

Assets with little price relationship to GRID



UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.0)


HSY Forecast + Options Trading Strategies   HSY  Hershey (0.0)


BYD Forecast + Options Trading Strategies   BYD  Boyd Gaming (-0.01)


TWLO Forecast + Options Trading Strategies   TWLO  Twilio (-0.01)


KLIC Forecast + Options Trading Strategies   KLIC  Kulicke & Soffa Industries (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against GRID



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.9)


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


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.91)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.92)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.92)





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