NJR Forecast


Bullish Case: NJR's stability, strategic moves in clean energy, and a solid dividend history position it well for modest long-term gains.


Bearish Case: Continuous lackluster returns, high volatility, and recent insider selling signal potential downside risks and sentiment issues.


Potential Outcomes:

1. (65%) Flat trading continues amidst dividend stability (epistemic updates based on higher likelihood from historical trend).

2. (25%) Slight decline due to bearish sentiment and volatility.

3. (10%) Modest rise driven by strategic initiatives.


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June 25, 2024


New Jersey Resources Forecast

NJR      New Jersey Resources











Correlated Assets

Assets that tend to move strongly with NJR



AES Forecast + Options Trading Strategies   AES  AES (0.78)


WTRG Forecast + Options Trading Strategies   WTRG  Essential Utilities (0.78)


DOLE Forecast + Options Trading Strategies   DOLE  Dole (0.77)


WEC Forecast + Options Trading Strategies   WEC  WEC Energy (0.77)


CNP Forecast + Options Trading Strategies   CNP  Centerpoint Energy (0.76)



Uncorrelated Assets

Assets with little price relationship to NJR



NUE Forecast + Options Trading Strategies   NUE  Nucor (-0.0)


POST Forecast + Options Trading Strategies   POST  Post (-0.0)


QQQE Forecast + Options Trading Strategies   QQQE  Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares (-0.0)


PRU Forecast + Options Trading Strategies   PRU  Prudential Financial (0.0)


JEF Forecast + Options Trading Strategies   JEF  Jefferies Financial (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against NJR



DUST Forecast + Options Trading Strategies   DUST  Direxion Daily Gold Miners Index Bear 2X S (-0.44)


HMC Forecast + Options Trading Strategies   HMC  Honda Motor (-0.44)


GRPN Forecast + Options Trading Strategies   GRPN  Groupon (-0.45)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.47)


HIBS Forecast + Options Trading Strategies   HIBS  Direxion Daily S&P 500 High Beta Bear 3X Shares (-0.49)





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