NTRS Forecast + Trading Strategies


Bullish Case: With a flat options term structure and mean-reverting price action, stable fundamentals and undervaluation provide upside potential. Helium's bullish risk exceeding bearish risk bolsters a positive outlook.


Bearish Case: Geopolitical tensions and potential regulatory headwinds pose significant risks, evident from higher market implied volatility. Recent insider selling reflects cautious sentiment.


Potential Outcomes: Stable mean-reverting tendencies (60%) could keep NTRS range-bound. Geopolitical risks (30%) might depress prices further. Significant positive news (10%) could spur rallies.


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June 30, 2024


Northern Forecast

NTRS      Northern











Correlated Assets

Assets that tend to move strongly with NTRS



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.82)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.37)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.48)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.55)



Uncorrelated Assets

Assets with little price relationship to NTRS



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.37)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.48)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.55)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.82)



Anticorrelated Assets

Assets that tend to move strongly against NTRS



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.82)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.37)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.48)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.55)





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