NMR Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Nomura's strategic investments in digital assets and recent gains indicate potential for positive growth, especially given the favorable holding period returns shown in historical data.




Bearish Case: High implied volatility and increased put option volume suggest market skepticism, compounded by negative historical price trends and economic uncertainties.




Potential Outcomes:
  • 40% chance of digital asset ventures boosting returns.
  • 35% chance regulatory and market challenges stall progress.
  • 25% chance of neutral performance due to volatility and economic factors.



April 17, 2025


Nomura Forecast

NMR        Nomura











Correlated Assets

Assets that tend to move strongly with NMR



DAN Forecast + Options Trading Strategies   DAN  Dana (0.75)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.75)


RMBS Forecast + Options Trading Strategies   RMBS  Rambus (0.73)


PCOR Forecast + Options Trading Strategies   PCOR  Procore (0.73)


HUBS Forecast + Options Trading Strategies   HUBS  HubSpot (0.67)



Uncorrelated Assets

Assets with little price relationship to NMR



CAT Forecast + Options Trading Strategies   CAT  Caterpillar (0.0)


M Forecast + Options Trading Strategies   M  Macy's (-0.01)


W Forecast + Options Trading Strategies   W  Wayfair (0.02)


ENVX Forecast + Options Trading Strategies   ENVX  Enovix (0.02)


TT Forecast + Options Trading Strategies   TT  Trane (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against NMR



KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.57)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (-0.58)


BAH Forecast + Options Trading Strategies   BAH  Booz Allen Hamilton (-0.61)


EIX Forecast + Options Trading Strategies   EIX  Edison International (-0.64)


MREO Forecast + Options Trading Strategies   MREO  Mereo Biopharma Group Plc (-0.72)









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