RAYS Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: RAYS may rebound due to strong solar demand and historical mean reversion. Elevated implied volatility for lower strike prices could indicate a potential volatility squeeze upward.




Bearish Case: Persistent high implied volatility and past poor performance hint at continued price declines. The current flat price action and skepticism around solar readiness amplify downside risks.




Potential Outcomes:
  1. Continued Decline (60%): Historical trends and high volatility suggest further downside.
  2. Mean Reversion (30%): Potential stabilization due to sector trends.
  3. Significant Rally (10%): Could occur with positive solar sector news or innovation.



March 22, 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



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


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


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


ARVN Forecast + Options Trading Strategies   ARVN  Arvinas (0.85)


MUX Forecast + Options Trading Strategies   MUX  McEwen Mining (0.83)



Uncorrelated Assets

Assets with little price relationship to RAYS



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


DXC Forecast + Options Trading Strategies   DXC  DXC Technology (0.01)


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


BA Forecast + Options Trading Strategies   BA  Boeing (0.02)


ESTC Forecast + Options Trading Strategies   ESTC  Elastic (0.04)



Anticorrelated Assets

Assets that tend to move strongly against RAYS



CLBT Forecast + Options Trading Strategies   CLBT  Cellebrite DI (-0.66)


SUPV Forecast + Options Trading Strategies   SUPV  Grupo Supervielle S.A. (-0.68)


RKLB Forecast + Options Trading Strategies   RKLB  Rocket Lab USA (-0.69)


JPM Forecast + Options Trading Strategies   JPM  JPMorgan Chase (-0.71)


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









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