AI HOFT Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Increased demand for HOFT products and strategic merchandising could drive price recovery, supported by cash reserves. Elevated implied volatility indicates potential for significant upward movement.




Bearish Case: Continued low demand and operational inefficiencies may exacerbate price declines. High implied volatility signals uncertainty about recovery, increasing risk for traders.




Potential Outcomes:

1. 40% chance of 10% price rebound due to improved sales strategies.

2. 30% chance of 20% decline amid weak demand.

3. 20% chance of price stabilization near current levels as market adjusts.

4. 10% chance of a recovery driven by exceptional earnings reports. Probabilities derived from recent trends.




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October 20, 2024


Hooker Furnishings Forecast

HOFT        Hooker Furnishings











Correlated Assets

Assets that tend to move strongly with HOFT



U Forecast + Options Trading Strategies   U  Unity Software (0.92)


PATH Forecast + Options Trading Strategies   PATH  UiPath (0.91)


PEN Forecast + Options Trading Strategies   PEN  Penumbra (0.9)


XRAY Forecast + Options Trading Strategies   XRAY  DENTSPLY Sirona (0.9)


OI Forecast + Options Trading Strategies   OI  O-I Glass (0.89)



Uncorrelated Assets

Assets with little price relationship to HOFT



NCNO Forecast + Options Trading Strategies   NCNO  Ncino (0.0)


PDD Forecast + Options Trading Strategies   PDD  Pinduoduo (0.0)


TKR Forecast + Options Trading Strategies   TKR  Timken (-0.0)


MOMO Forecast + Options Trading Strategies   MOMO  Hello (-0.0)


GSK Forecast + Options Trading Strategies   GSK  Glaxosmithkline (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HOFT



CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.75)


BILI Forecast + Options Trading Strategies   BILI  Bilibili (-0.76)


LNTH Forecast + Options Trading Strategies   LNTH  Lantheus (-0.76)


RCAT Forecast + Options Trading Strategies   RCAT  Red Cat (-0.78)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.79)









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