NDP Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: NDP may see price appreciation due to potential recovery in the energy sector and improving political stability as elections approach. Historical data suggests strong long-term returns, especially beyond 2 years.




Bearish Case: Political instability and ongoing controversies could further diminish investor confidence in NDP, leading to price declines. Recent stagnation hints at possible bearish trends ahead.




Potential Outcomes:

1. Economic recovery boosts NDP prices (30%)


2. Political turmoil reduces confidence, causing declines (40%)


3. Continued flat performance due to stagnation (30%)




Trading Oracle: Consider implementing bullish debit spreads, targeting price recovery as energy sector prospects improve. Leverage the historical tendency of price appreciation after 2 years. Optimal horizon for spreads: 6-12 months. Favor long volatility approach for greater potential upside.



November 17, 2024


Tortoise Energy Independence Forecast

NDP        Tortoise Energy Independence











Correlated Assets

Assets that tend to move strongly with NDP



TRGP Forecast + Options Trading Strategies   TRGP  Targa Resources (0.97)


VNOM Forecast + Options Trading Strategies   VNOM  Viper Energy (0.96)


CVNA Forecast + Options Trading Strategies   CVNA  Carvana (0.95)


FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (0.95)


PPC Forecast + Options Trading Strategies   PPC  Pilgrim's Pride (0.95)



Uncorrelated Assets

Assets with little price relationship to NDP



UNG Forecast + Options Trading Strategies   UNG  United States Commodity Funds (0.0)


BNTX Forecast + Options Trading Strategies   BNTX  BioNTech SE (0.0)


HRL Forecast + Options Trading Strategies   HRL  Hormel Foods (-0.01)


LUV Forecast + Options Trading Strategies   LUV  Southwest Airlines (-0.01)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against NDP



SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.92)


SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.92)


ETSY Forecast + Options Trading Strategies   ETSY  Etsy (-0.92)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.92)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.93)









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