RODE Forecast


Bullish Case: RODE is trending positively with consistent short-term gains (1.2% in a month) and historical resilience. The historical price return surface suggests favorable outcomes for longer holding periods.


Bearish Case: RODE shows periods of -0.4% return over the past 60 days and recent volatility, indicated by historical dips in short holding periods. HeliumTrades AI forecast is neutral with low correlation (0.2).


Potential Outcomes:

1. Modest gains (~55%) from market recovery [arXiv].

2. Short-term dips (~20%) due to volatility [arXiv].

3. Stagnation (~25%) from market hesitancy [arXiv]. Upcoming economic data and geopolitical events will affect future prices.


Trading Oracle: Utilize bullish debit spreads (Helium Long Volatility) on RODE. Enter at ~$28.58, target $30, stop-loss $27. Short horizon (1-2 months). This strategy capitalizes on the trend and has a favorable reward:risk ratio.


July 20, 2024


Lattice Strategies LLC - Hartford Multifactor Diversified International Forecast

RODE      Lattice Strategies LLC - Hartford Multifactor Diversified International











Correlated Assets

Assets that tend to move strongly with RODE



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)



Uncorrelated Assets

Assets with little price relationship to RODE



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)



Anticorrelated Assets

Assets that tend to move strongly against RODE



ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.47)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.66)


LI Forecast + Options Trading Strategies   LI  Li Auto (-0.67)





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