NAC Forecast


Bullish Case: NAC demonstrates a 7.4% increase YoY, aligning with favorable historical mean-reverting trends [Helium]. Price consolidation at $11.62 suggests further positive momentum given moderate short-term bullish signals [Helium].


Bearish Case: Historical data shows significant probability of negative returns over multiple periods [Nature]. Pending regulatory uncertainties and sector-specific risks, compounded by recent court rulings, pose downside risks [Helium].


Potential Outcomes: Regulatory changes impacting municipal income (10%), ongoing electric appliance adoption (20%), mean reversion in prices (40%), court ruling shifts (30%) [Helium]. Continued mean reversion expected barring adverse regulatory impacts.


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July 16, 2024


Nuveen California Quality Municipal Income Forecast

NAC      Nuveen California Quality Municipal Income











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Assets that tend to move strongly with NAC



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RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (0.91)


AMKR Forecast + Options Trading Strategies   AMKR  AMKOR Technology (0.91)


IDCC Forecast + Options Trading Strategies   IDCC  Interdigital (0.9)


CARG Forecast + Options Trading Strategies   CARG  CarGurus (0.9)



Uncorrelated Assets

Assets with little price relationship to NAC



CHRW Forecast + Options Trading Strategies   CHRW  C.H. Robinson Worldwide (-0.0)


ARKG Forecast + Options Trading Strategies   ARKG  ARK Investment Management LLC - ARK Genomic Revolution (0.0)


ODP Forecast + Options Trading Strategies   ODP  ODP (0.01)


HDB Forecast + Options Trading Strategies   HDB  HDFC (-0.01)


SVXY Forecast + Options Trading Strategies   SVXY  ProShares Short VIX Short-Term Futures (0.01)



Anticorrelated Assets

Assets that tend to move strongly against NAC



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.87)


REK Forecast + Options Trading Strategies   REK  ProShares Short Real Estate (-0.87)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.88)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.9)





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