PGX Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: The backwardation in PGX's term structure suggests near-term pessimism but potential for future gains, supported by likelihood of positive returns within 1-2 years and falling interest rates.




Bearish Case: High implied volatility and past flat performance indicate uncertainty. Regulatory changes or persistent inflation could impact PGX negatively, further pressured by past price declines.




Potential Outcomes:

1. Interest rate cuts (30%), boosting PGX demand.

2. Rising fixed-income demand (25%) with economic shifts.

3. Economic downturn increases defaults (20%).

4. Regulation impacts preferreds (15%).

5. Sustained dividend cuts (10%).



June 21, 2025


Invesco Capital Management LLC - Invesco Preferred Forecast

PGX        Invesco Capital Management LLC - Invesco Preferred











Correlated Assets

Assets that tend to move strongly with PGX



OMC Forecast + Options Trading Strategies   OMC  Omnicom Group (0.91)


CZR Forecast + Options Trading Strategies   CZR  Caesars Entertainment (0.9)


SWK Forecast + Options Trading Strategies   SWK  Stanley Black & Decker (0.86)


LEN Forecast + Options Trading Strategies   LEN  Lennar (0.85)


BAH Forecast + Options Trading Strategies   BAH  Booz Allen Hamilton (0.84)



Uncorrelated Assets

Assets with little price relationship to PGX



BWXT Forecast + Options Trading Strategies   BWXT  BWX (0.0)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.0)


VIPS Forecast + Options Trading Strategies   VIPS  Vipshop (0.01)


KEYS Forecast + Options Trading Strategies   KEYS  Keysight (-0.02)


VMC Forecast + Options Trading Strategies   VMC  Vulcan Materials (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against PGX



CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (-0.7)


PCRX Forecast + Options Trading Strategies   PCRX  Pacira BioSciences (-0.71)


OKTA Forecast + Options Trading Strategies   OKTA  Okta (-0.74)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.74)


CNP Forecast + Options Trading Strategies   CNP  Centerpoint Energy (-0.74)









Become a more profitable trader with AI optimized trading strategies






×

Chat with PGX


 Ask any question about PGX!