RAYS Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: RAYS could rebound as historical returns suggest eventual mean reversion, supported by increasing global solar demand.




Bearish Case: High implied volatility and past performance indicate potential further decline, with regulatory challenges and market hesitation.




Potential Outcomes:
  • Mean Reversion: 40% chance. Historical trends favor stabilization.
  • Continued Decline: 45% chance due to economic and regulatory pressures.
  • Significant Rally: 15% chance driven by positive solar sector news.



May 04, 2025


Global X Funds - Global X Solar Forecast

RAYS        Global X Funds - Global X Solar











Correlated Assets

Assets that tend to move strongly with RAYS



TAN Forecast + Options Trading Strategies   TAN  Invesco Solar (0.86)


BHP Forecast + Options Trading Strategies   BHP  BHP Group Limited (0.86)


BEP Forecast + Options Trading Strategies   BEP  Brookfield Renewable (0.86)


AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (0.85)


SIG Forecast + Options Trading Strategies   SIG  Signet Jewelers (0.85)



Uncorrelated Assets

Assets with little price relationship to RAYS



ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.0)


FITB Forecast + Options Trading Strategies   FITB  Fifth Third Bancorp (-0.01)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (0.01)


SPYD Forecast + Options Trading Strategies   SPYD  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (-0.01)


EA Forecast + Options Trading Strategies   EA  Electronic Arts (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against RAYS



CHWY Forecast + Options Trading Strategies   CHWY  Chewy (-0.74)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.75)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.75)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.76)


FOXA Forecast + Options Trading Strategies   FOXA  Fox Corporation - (-0.77)









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