STE Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: A potential bullish outlook exists as STE’s long-term acquisition synergies are expected to enhance revenue, supported by favorable historical returns and relatively low implied volatility levels indicating a calming market scenario.




Bearish Case: The bearish perspective focuses on elevated market uncertainty reflected in recent volatility spikes and bearish market sentiment, suggesting possible price drops for STE due to industry competition and macroeconomic pressures.




Potential Outcomes:

1. 40% chance: Successful integration of new acquisitions leads to positive earnings growth.

2. 30% chance: Regulatory changes negatively affect operations and growth.

3. 20% chance: Supply chain improvements reduce costs significantly.

4. 10% chance: Continued competitor pressure results in diminished market share.




Trading Oracle: Sign Up to access trading oracle trade ideas.



November 03, 2024


Steris Forecast

STE        Steris











Correlated Assets

Assets that tend to move strongly with STE



XLV Forecast + Options Trading Strategies   XLV  Health Care Select Sector SPDR (0.84)


EFX Forecast + Options Trading Strategies   EFX  Equifax (0.83)


IBB Forecast + Options Trading Strategies   IBB  BlackRock Institutional Trust Company N.A. - iShares Biotechnology (0.82)


DHR Forecast + Options Trading Strategies   DHR  Danaher (0.82)


TRP Forecast + Options Trading Strategies   TRP  TC Energy (0.82)



Uncorrelated Assets

Assets with little price relationship to STE



HE Forecast + Options Trading Strategies   HE  Hawaiian Electric Industries (-0.0)


WSC Forecast + Options Trading Strategies   WSC  WillScot Mobile Mini (0.0)


GTLB Forecast + Options Trading Strategies   GTLB  Gitlab (-0.0)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (0.0)


REI Forecast + Options Trading Strategies   REI  Ring Energy (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against STE



EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.69)


GO Forecast + Options Trading Strategies   GO  Grocery Outlet (-0.7)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.75)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.76)


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.8)









Become a more profitable investor with AI optimized trading strategies






×

Chat with STE


 Ask any question about STE!