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Bullish Case: NTRS's resilient performance despite macro headwinds, with a recent uptick in price and significant bullish short volatility potential, suggests a positive near-term outlook.


Bearish Case: A mean-reverting price with a flat options term structure and geopolitical tensions may limit upside, possibly signaling caution.


Potential Outcomes:

1. NTRS rallies modestly in short-term (60%), supported by bearish short volatility strategies.

2. Slight price correction due to external shocks (30%).

3. Significant unexpected news causes large volatility (10%).


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April 04, 2024


Northern Forecast

NTRS        Northern
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with NTRS



HBAN Forecast + Options Trading Strategies   [HBAN]  Huntington Bancshares (0.92)


SPYD Forecast + Options Trading Strategies   [SPYD]  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (0.92)


CFG Forecast + Options Trading Strategies   [CFG]  Citizens Financial (0.91)


IAT Forecast + Options Trading Strategies   [IAT]  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (0.9)


FITB Forecast + Options Trading Strategies   [FITB]  Fifth Third Bancorp (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to NTRS



BEP Forecast + Options Trading Strategies   [BEP]  Brookfield Renewable (-0.0)


EOG Forecast + Options Trading Strategies   [EOG]  EOG Resources (0.01)


SILK Forecast + Options Trading Strategies   [SILK]  Silk Road Medical (0.01)


NE Forecast + Options Trading Strategies   [NE]  Noble (0.01)


XES Forecast + Options Trading Strategies   [XES]  SPDR Series Trust - SPDR Oil & Gas Equipment and Services (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NTRS



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.83)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.83)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.83)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.86)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.87)





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