LIT Forecast + Trading Strategies


Bullish Case: Accelerated EV adoption and energy storage demand boost lithium demand, pushing LIT higher.


Bearish Case: Tech shifts reducing lithium reliance and potential oversupply risk driving LIT lower.


Potential Outcomes: EV adoption surge (45%), steady state (30%), tech/oversupply risks (25%).


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May 21, 2024


Global X Lithium & Battery Tech Forecast

LIT      Global X Lithium & Battery Tech











Correlated Assets

Assets that tend to move strongly with LIT



WB Forecast + Options Trading Strategies   WB  Weibo (0.94)


PLL Forecast + Options Trading Strategies   PLL  Piedmont Lithium (0.93)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.92)


ALB Forecast + Options Trading Strategies   ALB  Albemarle (0.92)


SGML Forecast + Options Trading Strategies   SGML  Sigma Lithium (0.91)



Uncorrelated Assets

Assets with little price relationship to LIT



TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (0.0)


LMND Forecast + Options Trading Strategies   LMND  Lemonade (0.0)


DTE Forecast + Options Trading Strategies   DTE  DTE Energy (-0.01)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (-0.01)


AA Forecast + Options Trading Strategies   AA  Alcoa (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against LIT



UEC Forecast + Options Trading Strategies   UEC  Uranium Energy (-0.89)


ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (-0.89)


MCK Forecast + Options Trading Strategies   MCK  Mckesson (-0.89)


WRB Forecast + Options Trading Strategies   WRB  W.R. Berkley (-0.89)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (-0.89)





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