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Bullish Case: Increasing supply, positive outlook on housing recovery, and favorable legal developments present potential upside for RDFN.


Bearish Case: Historic low prices, the recent flat term structure, and significant market volatility may keep RDFN bearish in the near term.


Potential Outcomes: Likelihood of: continued market return to average (40%), further decline due to external pressures (35%), significant recovery prompted by improved housing market conditions (25%).


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April 17, 2024


Redfin Forecast

RDFN        Redfin
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with RDFN



JACK Forecast + Options Trading Strategies   [JACK]  Jack In The Box (0.9)


AMBA Forecast + Options Trading Strategies   [AMBA]  Ambarella (0.9)


ARKG Forecast + Options Trading Strategies   [ARKG]  ARK Investment Management LLC - ARK Genomic Revolution (0.9)


LFST Forecast + Options Trading Strategies   [LFST]  LifeStance Health (0.88)


MTW Forecast + Options Trading Strategies   [MTW]  Manitowoc Co. (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to RDFN



JBHT Forecast + Options Trading Strategies   [JBHT]  J.B. Hunt Transport Services (-0.0)


CVS Forecast + Options Trading Strategies   [CVS]  CVS Health (0.0)


RDW Forecast + Options Trading Strategies   [RDW]  Redwire (0.0)


MSM Forecast + Options Trading Strategies   [MSM]  MSC Industrial Direct Co. (-0.0)


WCN Forecast + Options Trading Strategies   [WCN]  Waste Connections (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against RDFN



FTI Forecast + Options Trading Strategies   [FTI]  TechnipFMC (-0.72)


FRO Forecast + Options Trading Strategies   [FRO]  Frontline (-0.73)


FANG Forecast + Options Trading Strategies   [FANG]  Diamondback Energy (-0.74)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.75)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.77)





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