PEY Forecast


Bullish Case: PEY trades 10.5% higher than five years ago, and today's call options volume spiked 63% over puts, indicating investor confidence.


Bearish Case: PEY's recent downward drift (-3% over 90 days) and significant puts volume on short-dated options suggest potential further declines.


Potential Outcomes: PEY continues its mean-reverting trend, stabilizing around $19.86.
50%
PEY breaks out above $21 from positive macroeconomic news.
25%
PEY dips below $18 due to escalated market uncertainties.
25%


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June 25, 2024


Invesco Capital Management LLC - Invesco High Yield Equity Dividend Achievers Forecast

PEY      Invesco Capital Management LLC - Invesco High Yield Equity Dividend Achievers











Correlated Assets

Assets that tend to move strongly with PEY



DPST Forecast + Options Trading Strategies   DPST  Direxion Daily Regional Banks Bull 3X Shares (0.85)


BXP Forecast + Options Trading Strategies   BXP  Boston Properties (0.81)


KRE Forecast + Options Trading Strategies   KRE  SPDR S&P Regional Banking (0.81)


JOE Forecast + Options Trading Strategies   JOE  St. Joe (0.77)


MCB Forecast + Options Trading Strategies   MCB  Metropolitan (0.74)



Uncorrelated Assets

Assets with little price relationship to PEY



FOXF Forecast + Options Trading Strategies   FOXF  Fox Factory (-0.0)


CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (0.0)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (0.0)


CIVI Forecast + Options Trading Strategies   CIVI  Civitas Resources Inc New (-0.0)


BDX Forecast + Options Trading Strategies   BDX  Becton, Dickinson And Company (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PEY



RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.53)


SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.54)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.56)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.59)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.6)





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