NVST Forecast


Bullish Case: NVST's low price-to-book ratio and historical mean reversion suggest potential upside, particularly if new products like the enVista Envy lens succeed.


Bearish Case: Helium AI's bearish forecast and high put trading volume indicate sustained downward pressure, compounded by historical negative returns.


Potential Outcomes:

1. Mean reversion continues (40%)

2. Further price decline (35%)

3. Bullish reversal due to new product success (25%)


Trading Oracle: Trade a bullish debit put spread. Buy the NVST Aug 16, 2024, $17.5 put and sell the $15.0 put. Leverage Helium's slightly higher implied volatility with a near-term outlook. High reward/risk and favorable edge, ideal for a predicted mean reversion.


July 17, 2024


Envista Forecast

NVST      Envista











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Assets that tend to move strongly with NVST



HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.96)


FOXF Forecast + Options Trading Strategies   FOXF  Fox Factory (0.95)


LEG Forecast + Options Trading Strategies   LEG  Leggett & Platt (0.95)


MED Forecast + Options Trading Strategies   MED  Medifast (0.95)


APPS Forecast + Options Trading Strategies   APPS  Digital Turbine (0.95)



Uncorrelated Assets

Assets with little price relationship to NVST



DPST Forecast + Options Trading Strategies   DPST  Direxion Daily Regional Banks Bull 3X Shares (-0.0)


KWEB Forecast + Options Trading Strategies   KWEB  KraneShares CSI China Internet (0.0)


VNQ Forecast + Options Trading Strategies   VNQ  Vanguard Real Estate Index (0.0)


AXSM Forecast + Options Trading Strategies   AXSM  Axsome Therapeutics (0.0)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against NVST



ANF Forecast + Options Trading Strategies   ANF  Abercrombie & Fitch (-0.93)


PGR Forecast + Options Trading Strategies   PGR  Progressive (-0.93)


NRG Forecast + Options Trading Strategies   NRG  NRG Energy (-0.93)


FRO Forecast + Options Trading Strategies   FRO  Frontline (-0.94)


CEG Forecast + Options Trading Strategies   CEG  Constellation Energy (-0.96)





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