NINE Forecast


Bullish Case: Strong management optimism for increased 2024 activity and low current price provide opportunities for significant returns. Historical return data indicates occasional spikes in 2-year holding periods.


Bearish Case: Bearish options term structure, -1.97% AI forecast and high volatility suggest downside risk. Implied volatility forecast being higher than market indicates market uncertainty and potential downward movements.


Potential Outcomes:

1. Flat Q4 results with increased 2024 activities: 40% - Modest price recovery.

2. Continued bear sentiment leading to lower prices: 45% - Significant downside risk.

3. Volatility spike: 15% - Positive impact on options trading strategies.


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June 24, 2024


Nine Energy Service Forecast

NINE      Nine Energy Service











Correlated Assets

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PAYC Forecast + Options Trading Strategies   PAYC  Paycom Software (0.9)


GPRE Forecast + Options Trading Strategies   GPRE  Green Plains (0.87)


WHR Forecast + Options Trading Strategies   WHR  Whirlpool (0.87)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.86)


STEM Forecast + Options Trading Strategies   STEM  Stem (0.86)



Uncorrelated Assets

Assets with little price relationship to NINE



BBAI Forecast + Options Trading Strategies   BBAI  BigBear.ai (-0.0)


ADP Forecast + Options Trading Strategies   ADP  Automatic Data Processing (-0.0)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (0.0)


WGO Forecast + Options Trading Strategies   WGO  Winnebago Industries (0.0)


AES Forecast + Options Trading Strategies   AES  AES (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against NINE



SNPS Forecast + Options Trading Strategies   SNPS  Synopsys (-0.84)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.85)


TW Forecast + Options Trading Strategies   TW  Tradeweb Markets (-0.85)


CB Forecast + Options Trading Strategies   CB  Chubb (-0.85)


ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (-0.86)





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