PROV Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Innovations like ProvXchange may capture growing markets. With a positive trend and institutional backing, there's potential for upward momentum.




Bearish Case: Historical trends reveal limited upside due to mean-reversion. Regulatory challenges and fintech competition could exacerbate struggles.




Potential Outcomes:
  • Moderate increase (35%) if ProvXchange gains traction.
  • Price stagnation (45%) due to economic pressures.
  • Decline (20%) if regulatory issues deepen.




Trading Oracle: Implement a short volatility credit spread. Sell the $16 put and buy the $15 put expiring in one month. This capitalizes on expected price stability and mean-reversion, offering favorable risk/reward given historical patterns.



January 24, 2025


Provident Financial Holdings Forecast

PROV        Provident Financial Holdings











Correlated Assets

Assets that tend to move strongly with PROV



SOFI Forecast + Options Trading Strategies   SOFI  SoFi (0.91)


FHI Forecast + Options Trading Strategies   FHI  Federated Hermes (0.91)


DBX Forecast + Options Trading Strategies   DBX  Dropbox (0.87)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (0.87)


TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.85)



Uncorrelated Assets

Assets with little price relationship to PROV



DNN Forecast + Options Trading Strategies   DNN  Denison Mines (-0.01)


CLB Forecast + Options Trading Strategies   CLB  Core Laboratories (0.01)


ARKG Forecast + Options Trading Strategies   ARKG  ARK Investment Management LLC - ARK Genomic Revolution (0.02)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (0.02)


EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against PROV



DVN Forecast + Options Trading Strategies   DVN  Devon Energy (-0.83)


OGN Forecast + Options Trading Strategies   OGN  Organon (-0.84)


ST Forecast + Options Trading Strategies   ST  Sensata (-0.84)


VAL Forecast + Options Trading Strategies   VAL  Valaris (-0.88)


WFRD Forecast + Options Trading Strategies   WFRD  Weatherford International plc - New (-0.89)









Become a more profitable investor with AI optimized trading strategies






×

Chat with PROV


 Ask any question about PROV!