WAFD Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: WAFD's strategic shift to small business banking promises growth, leveraging historical mean-reversion and undervaluation signals with low P/B ratios.




Bearish Case: High implied volatility and potential regulatory changes threaten stability, alongside the risk of Moody’s downgrades and exposure to commercial real estate.




Potential Outcomes:
  • Moody’s downgrade (50%): Significant impact on investor confidence.
  • Strong earnings via small business focus (40%): Boost to stock price.
  • Regulatory pressures (10%): Negative impact on valuation.



April 25, 2025


Washington Federal Forecast

WAFD        Washington Federal











Correlated Assets

Assets that tend to move strongly with WAFD



IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (0.85)


KIM Forecast + Options Trading Strategies   KIM  Kimco Realty (0.84)


HIW Forecast + Options Trading Strategies   HIW  Highwoods Properties (0.82)


GRBK Forecast + Options Trading Strategies   GRBK  Green Brick (0.82)


PHM Forecast + Options Trading Strategies   PHM  PulteGroup (0.8)



Uncorrelated Assets

Assets with little price relationship to WAFD



AMPL Forecast + Options Trading Strategies   AMPL  Amplitude (0.0)


GRAB Forecast + Options Trading Strategies   GRAB  Grab Holdings Limited (-0.01)


PCOR Forecast + Options Trading Strategies   PCOR  Procore (0.01)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.01)


ASH Forecast + Options Trading Strategies   ASH  Ashland (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against WAFD



TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.57)


DAN Forecast + Options Trading Strategies   DAN  Dana (-0.62)


DPZ Forecast + Options Trading Strategies   DPZ  Dominos Pizza (-0.65)


ETR Forecast + Options Trading Strategies   ETR  Entergy (-0.71)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.74)









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