RDFN Forecast + Trading Strategies


Bullish Case: Increasing supply, positive outlook on housing recovery, and favorable legal developments present potential upside for RDFN.


Bearish Case: Historic low prices, the recent flat term structure, and significant market volatility may keep RDFN bearish in the near term.


Potential Outcomes: Likelihood of: continued market return to average (40%), further decline due to external pressures (35%), significant recovery prompted by improved housing market conditions (25%).


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April 17, 2024


Redfin Forecast

RDFN        Redfin
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with RDFN



TXG Forecast + Options Trading Strategies   TXG  10x Genomics (0.93)


AMBA Forecast + Options Trading Strategies   AMBA  Ambarella (0.92)


RICK Forecast + Options Trading Strategies   RICK  RCI Hospitality (0.92)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (0.91)


ARKG Forecast + Options Trading Strategies   ARKG  ARK Investment Management LLC - ARK Genomic Revolution (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to RDFN



EH Forecast + Options Trading Strategies   EH  EHang Holdings Ltd - (-0.0)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (0.0)


MRVL Forecast + Options Trading Strategies   MRVL  Marvell Technology (-0.0)


BOOT Forecast + Options Trading Strategies   BOOT  Boot Barn (-0.0)


SPR Forecast + Options Trading Strategies   SPR  Spirit Aerosystems (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against RDFN



TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.77)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (-0.78)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.79)


FTI Forecast + Options Trading Strategies   FTI  TechnipFMC (-0.79)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.83)





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