Back

Bullish Case: FAAR's recent modest increase over 90 days and month-on-month growth suggest a potential for continued uptrend, supported by sector-specific tailwinds and market sentiment shifts favoring its strategy.


Bearish Case: FAAR's negative returns over two-year and one-year periods, coupled with recent selling by institutions, indicate waning investor confidence and potential underperformance in volatile markets.


Potential Outcomes:

1. Renewed investor interest in alternative strategies: 30%;

2. Further institutional selling leading to a price drop: 40%;

3. Market volatility increasing ETF returns: 20%;

4. Stagnation due to lack of catalysts: 10%.


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


April 04, 2024


First Trust Alternative Absolute Return Strategy Forecast

FAAR        First Trust Alternative Absolute Return Strategy
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with FAAR



DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.71)


ESTA Forecast + Options Trading Strategies   ESTA  Establishment Labs (0.7)


GOEV Forecast + Options Trading Strategies   GOEV  Canoo (0.69)


ATNM Forecast + Options Trading Strategies   ATNM  Actinium Pharmaceuticals (0.68)


REI Forecast + Options Trading Strategies   REI  Ring Energy (0.66)



Uncorrelated Stock Forecasts

Assets with little price relationship to FAAR



LITE Forecast + Options Trading Strategies   LITE  Lumentum (-0.0)


HLX Forecast + Options Trading Strategies   HLX  Helix Energy (-0.0)


XYL Forecast + Options Trading Strategies   XYL  Xylem (-0.0)


ABBV Forecast + Options Trading Strategies   ABBV  Abbvie (0.0)


GGAL Forecast + Options Trading Strategies   GGAL  Grupo Financiero Galicia (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FAAR



GL Forecast + Options Trading Strategies   GL  Globe Life (-0.63)


RHI Forecast + Options Trading Strategies   RHI  Robert Half International (-0.63)


SIRI Forecast + Options Trading Strategies   SIRI  Sirius XM (-0.66)


CWCO Forecast + Options Trading Strategies   CWCO  Consolidated Water (-0.66)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.72)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FAAR


 Ask me any question!