NERD Forecast


Bullish Case: NERD shows slight positive momentum recently, trading 2.3% higher than last month [Helium]. Historically, NERD has performed well over multi-year holding periods [Helium].


Bearish Case: NERD is down 8.8% over two years and is trading close to its historical lows [Helium], showcasing mean reversion tendencies [Helium], which suggests limited upside potential.


Potential Outcomes: 50% chance of range-bound movement due to mean reversion [Helium]. 20% chance of breakout due to volatility discrepancies [Helium], 10% chance of significant downturn, 20% chance of uptrend continuation.


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June 27, 2024


Roundhill BITKRAFT Esports & Digital Entertainmen Forecast

NERD      Roundhill BITKRAFT Esports & Digital Entertainmen











Correlated Assets

Assets that tend to move strongly with NERD



DOCN Forecast + Options Trading Strategies   DOCN  DigitalOcean (0.84)


CARG Forecast + Options Trading Strategies   CARG  CarGurus (0.82)


MGNI Forecast + Options Trading Strategies   MGNI  Magnite (0.82)


HON Forecast + Options Trading Strategies   HON  Honeywell International (0.8)


FOUR Forecast + Options Trading Strategies   FOUR  Shift4 Payments (0.79)



Uncorrelated Assets

Assets with little price relationship to NERD



CNQ Forecast + Options Trading Strategies   CNQ  Canadian Natural Resources (-0.0)


JOBY Forecast + Options Trading Strategies   JOBY  Joby Aviation (-0.0)


MNKD Forecast + Options Trading Strategies   MNKD  Mannkind (0.0)


J Forecast + Options Trading Strategies   J  Jacobs Engineering Group (0.0)


CWEB Forecast + Options Trading Strategies   CWEB  Direxion Daily CSI China Internet Index Bu (0.01)



Anticorrelated Assets

Assets that tend to move strongly against NERD



HIBS Forecast + Options Trading Strategies   HIBS  Direxion Daily S&P 500 High Beta Bear 3X Shares (-0.66)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.72)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.73)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.74)


REK Forecast + Options Trading Strategies   REK  ProShares Short Real Estate (-0.75)





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