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Bullish Case: Robust demand for Kentucky Derby tickets, expansion plans, and a strategic SAP partnership imply potential growth for CHDN ahead of Derby events.


Bearish Case: Safety concerns persist, risking attendance and revenue; high price to book ratio indicates potential overvaluation and downside risk.


Potential Outcomes: Expansion and Derby success (60%); safety issues impact brand, attendance (35%); stricter safety regulations raise costs (5%).


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March 29, 2024


Churchill Downs Forecast

CHDN        Churchill Downs
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with CHDN



KLIC Forecast + Options Trading Strategies   [KLIC]  Kulicke & Soffa Industries (0.73)


OUST Forecast + Options Trading Strategies   [OUST]  Ouster (0.71)


ZUO Forecast + Options Trading Strategies   [ZUO]  Zuora (0.69)


DV Forecast + Options Trading Strategies   [DV]  DoubleVerify (0.68)


GNRC Forecast + Options Trading Strategies   [GNRC]  Generac (0.67)



Uncorrelated Stock Forecasts

Assets with little price relationship to CHDN



KWEB Forecast + Options Trading Strategies   [KWEB]  KraneShares CSI China Internet (-0.0)


APD Forecast + Options Trading Strategies   [APD]  Air Products & Chemicals (0.0)


IEP Forecast + Options Trading Strategies   [IEP]  Icahn (0.0)


GPN Forecast + Options Trading Strategies   [GPN]  Global Payments (0.0)


XPO Forecast + Options Trading Strategies   [XPO]  XPO Logistics (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CHDN



XOM Forecast + Options Trading Strategies   [XOM]  Exxon Mobil (-0.39)


TBF Forecast + Options Trading Strategies   [TBF]  ProShares Short 20+ Year Treasury (-0.39)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.39)


ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (-0.45)


BJ Forecast + Options Trading Strategies   [BJ]  BJ's Wholesale Club (-0.67)





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