HGBL Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: HGBL's mean-reverting nature suggests potential recovery. Positive heritage initiatives could boost interest and demand.




Bearish Case: Economic headwinds and recent declines (27.1% YoY) suggest potential stagnation. High volatility could weigh on returns.




Potential Outcomes: HGBL rebounds due to auction success (40%), faces flat growth amid economic pressure (30%), or declines with low consumer interest (30%).




Trading Oracle: Target long volatility, consider debit spreads over a 6-month horizon. Favor bullish positions, given HGBL's recovery potential and mean-reversion patterns. Set strikes near recent lows ($2.1) for optimal reward-to-risk balance at a 65% profit probability.



February 21, 2025


Heritage Forecast

HGBL        Heritage











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APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (0.85)


TRIP Forecast + Options Trading Strategies   TRIP  TripAdvisor (0.85)


CRSR Forecast + Options Trading Strategies   CRSR  Corsair Gaming (0.84)



Uncorrelated Assets

Assets with little price relationship to HGBL



VTRS Forecast + Options Trading Strategies   VTRS  Viatris (-0.0)


HCC Forecast + Options Trading Strategies   HCC  Warrior Met Coal (-0.01)


DNN Forecast + Options Trading Strategies   DNN  Denison Mines (-0.01)


DOX Forecast + Options Trading Strategies   DOX  Amdocs (-0.01)


FCX Forecast + Options Trading Strategies   FCX  Freeport-McMoRan (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against HGBL



XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (-0.88)


TT Forecast + Options Trading Strategies   TT  Trane (-0.88)


PNW Forecast + Options Trading Strategies   PNW  Pinnacle West (-0.9)


SO Forecast + Options Trading Strategies   SO  Southern (-0.92)


AFL Forecast + Options Trading Strategies   AFL  Aflac (-0.92)









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