IREN Forecast + Trading Strategies


Bullish Case: Renewable energy sector growth, zero debt, and AI transition position IREN for significant upside, evident from mean-reverting price action and term structure display. (70% likely)


Bearish Case: Market volatility, financial pressure on meeting investment targets, and rising operating costs could hinder IREN's growth, impacting stock negatively. (30% likely)


Potential Outcomes: Market tailwinds boost IREN (60%). Economic downturn impacts stock (30%). Technological advancements elevate valuation (10%).


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June 07, 2024










Correlated Assets

Assets that tend to move strongly with IREN



TNA Forecast + Options Trading Strategies   TNA  Direxion Daily Small Cap Bull 3X Shares (0.74)


BITF Forecast + Options Trading Strategies   BITF  Bitfarms (0.73)


TSEM Forecast + Options Trading Strategies   TSEM  Tower Semiconductor (0.71)


ADI Forecast + Options Trading Strategies   ADI  Analog Devices (0.67)


VNQ Forecast + Options Trading Strategies   VNQ  Vanguard Real Estate Index (0.67)



Uncorrelated Assets

Assets with little price relationship to IREN



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.02)


MQ Forecast + Options Trading Strategies   MQ  Marqeta (-0.02)


PRGO Forecast + Options Trading Strategies   PRGO  Perrigo (0.03)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (-0.03)


BTI Forecast + Options Trading Strategies   BTI  British American Tobacco (0.04)



Anticorrelated Assets

Assets that tend to move strongly against IREN



WTI Forecast + Options Trading Strategies   WTI  W & T Offshore (-0.38)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.41)


UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.51)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.57)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.66)





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