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Bullish Case: NFG's stable historically mean-reverting returns and increasing institutional ownership suggest confidence in stable future performance, indicating a potential upside.


Bearish Case: Persistent negative returns over multiple time frames and low trading volumes coupled with industry headwinds raise concerns of continued underperformance.


Potential Outcomes:

1) Mean reversion continues: 55%;

2) Institutional actions trigger growth: 25%;

3) Market volatility affects price: 15%;

4) Unforeseen events cause sector impact: 5%.


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April 13, 2024


National Fuel Gas Forecast

NFG        National Fuel Gas
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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Uncorrelated Stock Forecasts

Assets with little price relationship to NFG



SMG Forecast + Options Trading Strategies   SMG  Scotts Miracle-Gro (0.0)


J Forecast + Options Trading Strategies   J  Jacobs Engineering Group (0.0)


CROX Forecast + Options Trading Strategies   CROX  Crocs (0.0)


JFIN Forecast + Options Trading Strategies   JFIN  Jiayin (0.0)


MGM Forecast + Options Trading Strategies   MGM  MGM Resorts International (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NFG



PANW Forecast + Options Trading Strategies   PANW  Palo Alto Networks (-0.61)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.63)


IDCC Forecast + Options Trading Strategies   IDCC  Interdigital (-0.63)


XMTR Forecast + Options Trading Strategies   XMTR  Xometry (-0.66)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (-0.71)





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