PHM Forecast


Bullish Case: PHM has demonstrated significant growth, at 256% over five years. Recent institutional investments and an uptick in analyst bullishness, coupled with a low P/B ratio of 1.4, present a strong case for continued upward trajectory.


Bearish Case: The current term structure in backwardation and recent mean-reverting price action suggest potential market trepidation, with investors perhaps wary of overvaluation amid rising market rates and potential corrections.


Potential Outcomes:

1. Continued uptrend in price due to strong fundamentals (60%).

2. Possible correction from overvaluation or rate hikes (20%).

3. Fluctuations due to external market factors (20%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 24, 2024


PulteGroup Forecast

PHM        PulteGroup
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with PHM



APH Forecast + Options Trading Strategies   APH  Amphenol (0.98)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.97)


PH Forecast + Options Trading Strategies   PH  Parker-Hannifin (0.97)


AMP Forecast + Options Trading Strategies   AMP  Ameriprise Financial (0.97)


IR Forecast + Options Trading Strategies   IR  Ingersoll-Rand (0.97)



Uncorrelated Stock Forecasts

Assets with little price relationship to PHM



ZM Forecast + Options Trading Strategies   ZM  Zoom Video Communications (-0.0)


DBI Forecast + Options Trading Strategies   DBI  Designer Brands (0.01)


BAX Forecast + Options Trading Strategies   BAX  Baxter International (-0.01)


BXMT Forecast + Options Trading Strategies   BXMT  Blackstone Mortgage (0.01)


KLIC Forecast + Options Trading Strategies   KLIC  Kulicke & Soffa Industries (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PHM



VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.94)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.95)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.95)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.95)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)





Become a more profitable investor with AI optimized trading strategies






×

Chat with PHM


 Ask any question about PHM!