MTUM over past 60 days: cumulative return +0.1%, annualized vol 23.4%. Market regime: sideways.

Question:
Asset: MTUM
Historical prices (past 60 trading days): start=135.53, end=135.64, cumulative_return=+0.1%, annualized_volatility=23.4%
Macro context: {'fed_funds_rate': 2.33, 'cpi_yoy': 295.097, 'unemployment': 3.6, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.48, 't10y3m_spread': 0.13, 'breakeven_10y': 2.47, 'hy_oas': 4.46, 'ig_oas': 1.5, 'ted_spread': 0.09, 'mortgage_30y': 4.99, 'vix': 21.770000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-08-09] ["Down 47% in a Year, Time to Buy This Growth Stock? With a market cap of $8.3 billion, Cognex Corporation (NASDAQ: CGNX) is not a small-cap company. However, it's still a growth company trying to build out the adoption of technology with explosive growth potential. As the leader in machine vision, Cognex's strategic aim is to grow into a served market (estimated as being worth $4.2 billion in 2018) that management sees as growing at a 12% annual rate. The good news from 2022 is Cognex is achieving many of its strategic aims; the bad news is almost everything seems to be working against the company right now. Here's the lowdown. What a growth company needs If you are going to make up an informal list of objectives for a growth company, it will include the following: Win over some highly prominent and visible customers to demonstrate your technology's efficacy, expand revenue, win follow-up business, and sell to lower-tier players as they follow their industry leaders in adopting machine vision. Ensure you satisfy high-profile customers by investing in a high level of service. Continue establishing your technology in new growth markets. As alluded to earlier, Cognex is doing all three things. The company's three major machine vision markets are automotive, consumer electronics, and logistics/e-commerce. The biggest names in two of those three industries are Apple (named as a significant customer in a previous Cognex SEC filing) and Amazon.com (NASDAQ: AMZN). The latter was not named on Cognex's recentearnings call Still, Cognex's last 10-K filing referred to a large customer in the logistics industry that represented approximately 17% of their total revenue. When an analyst refers to \"the world's largest e-commerce customer,\" it's a reasonable bet that it's Amazon. One clear thing is that Cognex has won some very high-profile customers in the last five years, so you can tick off the first box on the checklist. Servicing customers and establishing new markets The other two boxes can be ticked off as well. Three sources indicate that Cognex is very careful in servicing its customers (an excellent quality in a growing company). First, back in 2014, when Cognex started working on Apple orders (its machine vision solutions help smartphone manufacturers fit screens), management significantly ramped its operating expenses to support the orders. Second, it was the same in 2021, with Cognex incurring an extra cost in providing a \"higher level of support on a large deployment by a customer in logistics.\" Third, back on the fourth-quarterearnings callin February, CEO Robert Willett disclosed Cognex had \"been prioritizing delivery during this time of global chip shortages that added incremental costs in 2021, due to the significant premiums we've paid to procure components through brokers, and for expedited freight.\" As for establishing new markets, the logistics market is a relatively new one for Cognex that's grown at a compound annual growth rate of

Predict whether the return of MTUM over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for MTUM starting 2022-08-10 was +0.51%, which classifies as 'flat'.


IWM over past 60 days: cumulative return -3.8%, annualized vol 16.7%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=144.47, end=138.98, cumulative_return=-3.8%, annualized_volatility=16.7%
Macro context: {'fed_funds_rate': 2.39, 'cpi_yoy': 255.296, 'unemployment': 3.6, 'gdp_growth_qoq': 20602.275, 't10y2y_spread': 0.2, 't10y3m_spread': 0.02, 'breakeven_10y': 1.81, 'hy_oas': 4.06, 'ig_oas': 1.24, 'ted_spread': 0.18, 'mortgage_30y': 4.07, 'vix': 16.309999465942383}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-05-20] Credit Suisse Absolutely Is Right to Double Down on Pfizer Stock After upgrading Pfizer (NYSE:) to “Outperform” in January and raising its price target on Pfizer stock to $48 in May, one would think there’s nothing else Credit Suisse could so to bolster its bullish case, but there is. Source: Following a meeting with the pharmaceutical giant’s top brass just a few days ago, on Thursday, “top pick.” It was apparently one heck of a meeting. The specifics prompting the accolade weren’t made crystal clear, though Credit Suisse did note that the company’s prospects for new products was compelling. Translation: Whatever stoked Credit Suisse’s fires is likely to be in the company’s late-stage pipeline, which is admittedly more exciting than it has been in a long while. A Brief Look at Pfizer It’s not a story that needs a great deal of retelling. It was an unstoppable powerhouse when it had full patent protection of its erectile dysfunction drug Viagra and faced little competition. But, seeing the writing on the wall, the drugmaker allowed Teva Pharmaceutical Industries (NYSE:) to begin selling a generic version of the drug in 2017. In the meantime, consumer interest in ED drugs has broadly waned. Pfizer is about to lose ground with blockbuster neuropathic pain drug Lyrica too, which lost patent protection last year, threatening to once generic alternatives become available. It’s the same story that plays out over and over within the pharmaceutical industry; these organizations must constantly replenish their portfolios with patent-protected drugs, or risk losing ground. It’s something Pfizer hasn’t done especially well in recent years. Although Pfizer stock has made reliable if choppy progress since turning around with all other stocks in 2009, revenue growth hasn’t been overwhelming. The was not remarkable better than the $52.7 billion figure from a year earlier. “Pfizer has been working through a dark period with extensive patent expirations,” said in late January. “That period is now nearing an end.” Solid Pipeline What Pfizer told Credit Suisse at the meeting remains veiled, though when Divan upgraded Pfizer stock early this year he explicitly noted opportunities for several cancer and autoimmune disease drugs along with vaccinations. Two of the drugs Divan had in mind are (though they’re actually different doses of the same molecule), which combats the buildup for amyloid in the heart. Alnylam Pharmaceuticals (NASDAQ:) and Ionis Pharmaceuticals (NASDAQ:) already make similar rival drugs, but their versions are considerably more expensive. Divan foresees peak sales of $2 billion for Vyndaqel, but is willing to entertain a number “significantly larger than that if Pfizer is able to commercialize it successfully.” Pfizer has also partnered with Eli Lilly (NYSE:) on the development of a non-opioid arthritis treatment called tanezumab, another one of the 15 game-changing drugs Pfizer believes could be brought to the market within the next five years. So

Predict whether the return of IWM over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for IWM starting 2019-05-21 was +1.31%, which classifies as 'positive'.


XLRE over past 60 days: cumulative return +1.0%, annualized vol 21.9%. Market regime: sideways.

Question:
Asset: XLRE
Historical prices (past 60 trading days): start=30.14, end=30.45, cumulative_return=+1.0%, annualized_volatility=21.9%
Macro context: {'fed_funds_rate': 1.09, 'cpi_yoy': 258.076, 'unemployment': 4.4, 'gdp_growth_qoq': 20709.212, 't10y2y_spread': 0.26, 't10y3m_spread': 0.32, 'breakeven_10y': 1.07, 'hy_oas': 6.38, 'ig_oas': 1.87, 'ted_spread': 0.35, 'mortgage_30y': 3.29, 'vix': 43.34999847412109}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-03-10] ["123 Biggest Movers From Yesterday", "UBS Maintains Buy on Apple, Lowers Price Target to $335", "Shares of several technology companies are trading higher as markets look to rebound from Monday's selloff. The technology sector has been highly impacted by the coronavirus due to its China exposure and sensitivity to economic conditions.", "Airlines Continue Suffering As Delta, American Announce Schedule Cuts, But Crude Bounces", "Jedi Wars Between Amazon And Microsoft Are Still Very Much On", "The Main Challenges Faced By The Upcoming EV Era", "Morning Market Stats In 5 Minutes", "Peloton Shares Tick To Session Low As Hearing Report Apple Working On 'Guided Workout' Fitness App", "Peloton Shares Tick To Session Low As Hearing Report Apple Working On 'Guided Workout' Fitness App", "Morning Market Stats In 5 Minutes", "The Main Challenges Faced By The Upcoming EV Era", "Jedi Wars Between Amazon And Microsoft Are Still Very Much On", "Airlines Continue Suffering As Delta, American Announce Schedule Cuts, But Crude Bounces", "Shares of several technology companies are trading higher as markets look to rebound from Monday's selloff. The technology sector has been highly impacted by the coronavirus due to its China exposure and sensitivity to economic conditions.", "UBS Maintains Buy on Apple, Lowers Price Target to $335", "123 Biggest Movers From Yesterday", "Peloton Shares Tick To Session Low As Hearing Report Apple Working On 'Guided Workout' Fitness App", "Morning Market Stats In 5 Minutes", "The Main Challenges Faced By The Upcoming EV Era", "Jedi Wars Between Amazon And Microsoft Are Still Very Much On", "Airlines Continue Suffering As Delta, American Announce Schedule Cuts, But Crude Bounces", "Shares of several technology companies are trading higher as markets look to rebound from Monday's selloff. The technology sector has been highly impacted by the coronavirus due to its China exposure and sensitivity to economic conditions.", "UBS Maintains Buy on Apple, Lowers Price Target to $335", "123 Biggest Movers From Yesterday", "Has the coronavirus selloff created a stock-buying opportunity, or is it too early? Here\u2019s what analysts and strategists are advising Is it safe to go back into the water after stocks have been rocked by the COVID-19 outbreak?", "These 3 EVs are the lowest cost to own over 5 years The 5-Year Cost to Own equation includes insurance, fuel economy, interest rates, and depreciation\u2014the Nissan Leaf comes out on top The Nissan Leaf takes home KBB\u2019s Best EV 5-Year Cost to Own Award for the third year in a row.", "After markets plunge on fears of OPEC \u2018price war\u2019 and coronavirus \u2014 5 questions to ask your financial adviser right now Advisers say this is a \u2018great litmus test\u2019 to evaluate your risk tolerance, but they say retail investors should proceed cautiously Advisers say this is a \u2018great litmus test\u2019 to evaluate your risk tolerance, but they say retail investors should proceed ca

Predict whether the return of XLRE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for XLRE starting 2020-03-11 was +0.81%, which classifies as 'flat'.


DBB over past 60 days: cumulative return +3.2%, annualized vol 14.3%. Market regime: sideways.

Question:
Asset: DBB
Historical prices (past 60 trading days): start=13.53, end=13.96, cumulative_return=+3.2%, annualized_volatility=14.3%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 254.277, 'unemployment': 3.8, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.17, 't10y3m_spread': 0.26, 'breakeven_10y': 1.93, 'hy_oas': 3.91, 'ig_oas': 1.27, 'ted_spread': 0.2, 'mortgage_30y': 4.35, 'vix': 14.739999771118164}
Market regime: sideways

Predict whether the return of DBB over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for DBB starting 2019-03-06 was +2.47%, which classifies as 'positive'.


HAUZ over past 60 days: cumulative return +8.5%, annualized vol 14.8%. Market regime: sideways.

Question:
Asset: HAUZ
Historical prices (past 60 trading days): start=19.55, end=21.21, cumulative_return=+8.5%, annualized_volatility=14.8%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 253.319, 'unemployment': 3.8, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.17, 't10y3m_spread': 0.19, 'breakeven_10y': 1.91, 'hy_oas': 4.05, 'ig_oas': 1.32, 'ted_spread': 0.24, 'mortgage_30y': 4.35, 'vix': 13.510000228881836}
Market regime: sideways

Predict whether the return of HAUZ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for HAUZ starting 2019-02-25 was +3.22%, which classifies as 'positive'.


ADA-USD over past 60 days: cumulative return -39.9%, annualized vol 107.7%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.76, end=0.46, cumulative_return=-39.9%, annualized_volatility=107.7%
Macro context: {'fed_funds_rate': 1.58, 'cpi_yoy': 294.913, 'unemployment': 3.5, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': 0.0, 't10y3m_spread': 0.92, 'breakeven_10y': 2.3, 'hy_oas': 5.99, 'ig_oas': 1.67, 'ted_spread': 0.09, 'mortgage_30y': 5.7, 'vix': 27.540000915527344}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-07-05]

Predict whether the return of ADA-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for ADA-USD starting 2022-07-06 was +10.47%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return -0.4%, annualized vol 53.4%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=3614.23, end=3599.77, cumulative_return=-0.4%, annualized_volatility=53.4%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 253.319, 'unemployment': 3.8, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.18, 't10y3m_spread': 0.28, 'breakeven_10y': 1.86, 'hy_oas': 4.13, 'ig_oas': 1.32, 'ted_spread': 0.37, 'mortgage_30y': 4.46, 'vix': 15.380000114440918}
Market regime: sideways

Predict whether the return of BTC-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2019-02-07 was +7.08%, which classifies as 'positive'.


EFA over past 60 days: cumulative return +0.6%, annualized vol 11.6%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=69.20, end=69.59, cumulative_return=+0.6%, annualized_volatility=11.6%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 272.676, 'unemployment': 5.1, 'gdp_growth_qoq': 21617.828, 't10y2y_spread': 1.02, 't10y3m_spread': 1.2, 'breakeven_10y': 2.27, 'hy_oas': 3.34, 'ig_oas': 0.95, 'ted_spread': 0.08, 'mortgage_30y': 2.86, 'vix': 17.149999618530273}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-08-23] ["Global Cider Market Report 2021-2027: Market to Reach $16.6 Billion - Heineken Revels in Cider Business while C&C Languishes Dublin, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The \"Cider - Global Market Trajectory & Analytics\" report has been added to ResearchAndMarkets.com's offering. Global Cider Market to Reach $16.6 Billion by 2027Amid the COVID-19 crisis, the global market for Cider estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$16.6 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027. Apple Flavored, one of the segments analyzed in the report, is projec", "The Morning After: WhatsApp might finally launch an iPad app Today\u2019s headlines: Google has already discontinued the Pixel 5 and Pixel 4a with 5G, A more powerful Apple Mac mini might land this fall and four new games come to the... Atari Lynx.", "Water Ways Announces Its Shares Being Quoted for Trading on the Frankfurt Stock Exchange NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) (\"Water Ways\" or the \"Company\"), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, is pleased to announce its shares being quoted for trade on the Frankfurt Stock Exchange (FSE) under the symbol 977. Ohad Haber Water Ways' CEO and Chairman, commented: \"We ar", "T-Mobile is giving customers a free year of Apple TV+ For a few years now, wireless carriers in the US have offered their customers all manner of video and music freebies. Verizon (Engadget's parent company) has offered free subscriptions to Disney+, Apple Music and AMC+ recently, while T-Mobile has long offered its customers free Netflix access. Today, T-Mobile is adding another freebie to its offerings: Apple TV+. Starting on August 25th, customers on the carrier's Magenta or Magenta Max plans (as well as some Sprint legacy plans) will get one year of free Apple TV+ access.", "Video: Jamie Windsor Shares the Truth on Being Successful on YouTube ly concerned about views and popularity, some industry members reject their credibility as skilled photographers. But that can hardly be fair. Surely there's more depth to a photographer who makes YouTube content? I was eager to find out. So I invited popular YouTuber Jamie Windsor on to The Phoblographer's official podcast: Inside The Photographers Mind.", "Apple employees are organizing to push for 'real change' at the company A group of current and former Apple employees are calling on their colleagues to publicly share stories of discrimination, harassment and retaliation they experienced while working at the company.", "Enjoy Technology Announces Second Quarter and First Half 2021 Financial Results Enjoy Technology, Inc., (\"Enjoy\"), a technology-powered service platform reinventing \"Commerce at Home,\" today reported its financial results for

Predict whether the return of EFA over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for EFA starting 2021-08-24 was +0.87%, which classifies as 'flat'.


IVV over past 60 days: cumulative return -0.4%, annualized vol 14.0%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=170.65, end=170.03, cumulative_return=-0.4%, annualized_volatility=14.0%
Macro context: {'fed_funds_rate': 0.11, 'cpi_yoy': 235.976, 'unemployment': 5.4, 'gdp_growth_qoq': 18666.621, 't10y2y_spread': 1.41, 't10y3m_spread': 2.08, 'breakeven_10y': 1.72, 'hy_oas': 4.61, 'ig_oas': 1.32, 'ted_spread': 0.24, 'mortgage_30y': 3.75, 'vix': 16.8700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2015-03-11] ["How to Get a 6.2% Yield On a Blue Chip Stock Enhance AT&T\u2019s already juicy yield by selling puts while waiting to see how market reacts to Dow ejection.", "It would take 2.5 years of Foxconn wages to afford $10,000 Apple Watch $10,000 watch underscores gap between suppliers, customers While Apple has pledged to improve supply-chain working conditions, China Labor Watch says problems persist", "Elon Musk wants you to know that Tesla\u2019s priciest Model S is a badass on ice In Norway, the pricey P85D is a winner on the ice Could a Tesla Model S race across a frozen Norwegian lake help put the sexy back into shares? Can\u2019t blame Elon Musk for trying.", "Which is the better value play, Qualcomm or Apple? By forgetting about the actual price of the stock and focusing on both trailing and forward earnings when trying to determine whether or a stock is properly priced brings a much clearer picture when making such a choice.", "This 15-year-old bear market will be around a while longer A generation comes of age learning that stocks have miserable returns Major stock market indexes are finally back to 2000 levels, but the psychological bear market is likely to be with us for a long time to come, writes Matthew Lynn.", "A stock market versus a market of stocks The latest issue of Hulbert On Markets One of the longest-lived debates on Wall Street is between those who think it\u2019s a \u201cstock market\u201d and those who consider it to be a \u201cmarket of stocks.\u201d Mark Hulbert discusses who\u2019s winning this debate right now, and what it means for your investments.", "Apple\u2019s app stores are knocked out of commission iTunes store is temporarily out of commission.", "Apple\u2019s App Stores Out of Order", "Ericsson to cut 2,200 jobs Telecom-equipment giant Ericsson AB said Wednesday it will shed 2,200 jobs, the latest move by Chief Executive Hans Vestberg to transition the company from a hardware provider into a global leader in mobile-network software.", "Apple's stock falls behind AT&T since Dow changes announced NEW YORK (MarketWatch) -- The curse of new Dow Jones Industrial Average components may be taking a bite out of Apple Inc.'s shares , as they have fallen behind AT&T since it was announced that the technology giant will replace the telecom company within the blue-chip index . Apple's stock dropped 1.8% on Wednesday to close at a one-month low. It has now lost 3.4% since Friday, the day S&P S&P Dow Jones Indices said Apple would join the Dow after the March 18 close. Meanwhile, AT&T's stock has lost just 2.6% this week. The last three stocks to be booted from the Dow have outperformed their respective replacements since those changes went into effect. Separately, Apple's stock now suffered the biggest two-session drop--3.9%--since it fell 4.6% in the two days ending Sept. 25, when reports of bending iPhones made the rounds.", "Drug dealer in China says he only did it to buy an Apple Watch The high price tag of the Apple Wat

Predict whether the return of IVV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for IVV starting 2015-03-12 was +1.86%, which classifies as 'positive'.


REZ over past 60 days: cumulative return +21.2%, annualized vol 16.3%. Market regime: sideways.

Question:
Asset: REZ
Historical prices (past 60 trading days): start=40.78, end=49.42, cumulative_return=+21.2%, annualized_volatility=16.3%
Macro context: {'fed_funds_rate': 0.37, 'cpi_yoy': 239.557, 'unemployment': 4.8, 'gdp_growth_qoq': 19062.709, 't10y2y_spread': 1.05, 't10y3m_spread': 1.53, 'breakeven_10y': 1.59, 'hy_oas': 6.53, 'ig_oas': 1.56, 'ted_spread': 0.39, 'mortgage_30y': 3.61, 'vix': 14.56999969482422}
Market regime: sideways

Predict whether the return of REZ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for REZ starting 2016-05-10 was -4.36%, which classifies as 'negative'.


EFA over past 60 days: cumulative return +0.6%, annualized vol 16.0%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=54.34, end=54.69, cumulative_return=+0.6%, annualized_volatility=16.0%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 260.319, 'unemployment': 6.9, 'gdp_growth_qoq': 20791.917, 't10y2y_spread': 0.62, 't10y3m_spread': 0.67, 'breakeven_10y': 1.71, 'hy_oas': 4.91, 'ig_oas': 1.32, 'ted_spread': 0.1, 'mortgage_30y': 2.81, 'vix': 29.18000030517578}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-10-19] Is Groupon's Stock Attractive At $21? We believe there may be better places for your money than Groupon’s stock (NASDAQ: GRPN) after it has climbed 70% off the March bottom. Groupon’s stock has rallied from $12 to $21 off the recent bottom compared to the S&P which moved 55%. The primary reason for the high recovery was the Fed’s multi-billion dollar stimulus package announced on March 23rd which lifted market sentiments. The stock saw a further recovery post Q2 2020 results as the revenue and earnings beat market estimates. The company has seen a fall in revenue over recent years, while its P/S multiple has also dropped. We believe the stock is likely to see negligible upside after the recent rally and the potential weakness from a recession driven by the Covid outbreak. Our dashboard What Factors Drove -79% Change in Groupon Stock between 2017 and now? has the underlying numbers. Some of the fall over the last two years is justified by the roughly 22% fall seen in Groupon’s revenues from 2017 to 2019, which in turn led to a -23% fall in revenue per share (RPS) during this period as the number of shares outstanding saw an increase of 1%. Further, its Net Income has fallen from $14 Bil in 2017 to $-22 Bil in 2019. Groupon’s P/S multiple changed from 1x in 2017 to 0.6x in 2019. The company’s P/S is now 0.3x as the pandemic has adversely affected the industry. Effect of Coronavirus The global spread of coronavirus has led to lockdown in various cities across the globe, which has affected industrial and economic activity. Due to the stay-at-home orders there is reduced discretionary spending which has adversely affected consumption as consumers focus on essentials. In addition, there have likely been supply disruptions in China and elsewhere from the global Coronavirus crisis. This could be seen in Groupon’s Q2 2020 results as revenue fell to $395 million, down by 26% y-o-y. Meanwhile earnings were recorded at $-2.53 for Q2 2020 compared to $-1.42 in the same period of the previous year. The actual recovery and its timing hinge on the broader containment of the coronavirus spread. Our dashboard Trends In U.S. Covid-19 Cases provides an overview of how the pandemic has been spreading in the U.S. and contrasts with trends in Brazil and Russia. Following the Fed stimulus — which set a floor on fear — the market has been willing to “look through” the current weak period and take a longer-term view. With investors focusing their attention on 2021 results, the valuations become important in finding value. Though market sentiment can be fickle, and evidence of an uptick in new cases could spook investors once again. What if you’re looking for a more balanced portfolio instead? Here’s a high quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. See

Predict whether the return of EFA over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for EFA starting 2020-10-20 was +7.45%, which classifies as 'positive'.


VEA over past 60 days: cumulative return -4.1%, annualized vol 18.3%. Market regime: sideways.

Question:
Asset: VEA
Historical prices (past 60 trading days): start=26.11, end=25.04, cumulative_return=-4.1%, annualized_volatility=18.3%
Macro context: {'fed_funds_rate': 0.41, 'cpi_yoy': 240.222, 'unemployment': 4.9, 'gdp_growth_qoq': 19062.709, 't10y2y_spread': 0.85, 't10y3m_spread': 1.19, 'breakeven_10y': 1.34, 'hy_oas': 6.57, 'ig_oas': 1.64, 'ted_spread': 0.36, 'mortgage_30y': 3.56, 'vix': 23.850000381469727}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-06-27] ["FedEx, Oracle, Adobe and Alcoa are part of Zacks Earnings Preview: For Immediate Release Chicago, IL -June 27, 2016 - Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes FedEx ( FDX ), Oracle ( ORCL ), Adobe ( ADBE ) and Alcoa ( AA ). To see more earnings analysis, visit https://at.zacks.com/?id=3207 . Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here . Q2 Earnings Season Gets Underway No one is expected to pay attention to earnings given the unexpected Brexit vote, but the Q2 earnings season has gotten underway, with results from 10 S&P 500 members already out. All of these early reporters, which includes major operators like FedEx ( FDX ), Oracle ( ORCL ) and Adobe ( ADBE ), have fiscal quarters ending in May, but get clubbed as part of the June quarter tally. We have another 11 index members with fiscal quarters ending in May on deck to report results this week. All in all, we will have seen Q2 results from almost two dozen S&P 500 members by the time Alcoa ( AA ) comes out with its results on July 11 th . We are about three weeks away from the reporting cycle really ramping up. Expectations for the Quarter Total earnings for the 10 index members that have reported results are up +4.1% on +4.2% higher revenues, with 60% beating EPS estimates and equal proportion coming ahead of top-line expectations. Comparison of the Q2 results thus far with prior periods offers a mixed picture. But it's likely too small a sample to draw any conclusions from in any case. For Q2 as a whole, total earnings for the S&P 500 are expected to be down -6.1% on -0.7% lower revenues, with growth in negative territory for 9 of the 16 Zacks sectors. As has been the pattern in other recent periods, the Energy sector remains the biggest drag on the aggregate growth picture, with total earnings for the sector expected to be down -78.9% on -27.1% lower revenues. Excluding the Energy sector, earnings for the rest of the index would be down -2.7%. Estimates for Q2 faithfully followed the well-trodden path of previous quarters. As negative as this revisions trend looks, it is nevertheless an improvement over what we had seen in the comparable period(s) in other recent quarters. The improved commodity-price backdrop and the reduced dollar drag are some of the explanations for this development. It will be interesting to see if this trend of decelerated negative revisions will continue this earnings season. But we will have to wait a few more weeks to get a better read on this development after companies start reporting June quarter results and guide towards Q3 estimates. Current estimates for Q3 are showing flat growth from the year-earlier level. Expectations Beyond Q2 Growth is expected to be negative in 2016 Q2 and flat in the following quarter. The only meaningful positive earnings growth this year is expected to come from the last quarter of the year, which is then expe

Predict whether the return of VEA over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for VEA starting 2016-06-28 was +6.12%, which classifies as 'positive'.


REZ over past 60 days: cumulative return +12.8%, annualized vol 16.6%. Market regime: sideways.

Question:
Asset: REZ
Historical prices (past 60 trading days): start=43.30, end=48.84, cumulative_return=+12.8%, annualized_volatility=16.6%
Macro context: {'fed_funds_rate': 0.37, 'cpi_yoy': 239.557, 'unemployment': 4.8, 'gdp_growth_qoq': 19062.709, 't10y2y_spread': 0.96, 't10y3m_spread': 1.47, 'breakeven_10y': 1.6, 'hy_oas': 6.3, 'ig_oas': 1.56, 'ted_spread': 0.35, 'mortgage_30y': 3.57, 'vix': 14.68000030517578}
Market regime: sideways

Predict whether the return of REZ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for REZ starting 2016-05-17 was -0.18%, which classifies as 'flat'.


ETH-USD over past 60 days: cumulative return +0.4%, annualized vol 92.9%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=122.03, end=122.57, cumulative_return=+0.4%, annualized_volatility=92.9%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 253.319, 'unemployment': 3.8, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.18, 't10y3m_spread': 0.25, 'breakeven_10y': 1.83, 'hy_oas': 4.17, 'ig_oas': 1.33, 'ted_spread': 0.31, 'mortgage_30y': 4.41, 'vix': 15.43000030517578}
Market regime: sideways

Predict whether the return of ETH-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for ETH-USD starting 2019-02-13 was +13.25%, which classifies as 'positive'.


IWM over past 60 days: cumulative return +9.8%, annualized vol 33.4%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=125.86, end=138.21, cumulative_return=+9.8%, annualized_volatility=33.4%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 258.352, 'unemployment': 10.2, 'gdp_growth_qoq': 20558.879, 't10y2y_spread': 0.43, 't10y3m_spread': 0.47, 'breakeven_10y': 1.49, 'hy_oas': 5.26, 'ig_oas': 1.39, 'ted_spread': 0.12, 'mortgage_30y': 3.01, 'vix': 26.07999992370605}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-07-23] ["Elon Musk doesn\u2019t want Tesla to be \u2018super profitable\u2019 as it soars toward a $300 billion valuation CEO says he wants to be \u2018slightly profitable\u2019 long-term while exaggerating timeline to full self-driving and counting on flagging solar business, but that doesn\u2019t stop the stock Tesla Inc. Chief Executive Elon Musk, who heads a company with a valuation approaching $300 billion, doesn\u2019t want his electric vehicle maker to be \u201csuper profitable.\u201d", "The Ariya is Nissan\u2019s new electric crossover SUV, and it will have some semiautonomous tech If it comes on the market in a timely fashion, it can offer some competition for the Tesla Model Y With 300 miles of driving range, it offers some competition to the Tesla Model Y and Toyota RAV4 Prime.", "Tesla Stock\u2019s Run-Up Isn\u2019t Over Yet. How to Play It With Less Risk. To manage risk without ceding exposure to higher highs, investors can consider a \u201cbull spread\u201d that positions them for continued advances without meaningful exposure to weakness in the stock.", "This index ETF is beating the S&P 500 by excluding \u2018losers\u2019 Eliminating weak companies has led to outperformance for the GraniteShares XOUT U.S. Large Cap ETF Eliminating weak companies has led to outperformance for the GraniteShares XOUT U.S. Large Cap ETF.", "Apple joins tech rivals with pledge to be 100% carbon neutral by 2030 Apple says it has improved technology to pull rare earth magnets from old iPhones and is backing a first-ever carbon-free aluminum smelting process for MacBooks Apple Inc. on Tuesday joined the ambitious aim of rival tech giants, believing it can reduce and offset emissions along its entire supply chain and in the production of its iPhones and other devices, all in less than 10 years.", "The doctor behind a cognitive test Trump took says \u2018it\u2019s supposed to be easy\u2019 The Montreal Cognitive Assessment, or MoCA, test discussed by President Trump and Chris Wallace is \u2018not an IQ test,\u2019 Dr. Ziad Nasreddine tells MarketWatch The Montreal Cognitive Assessment, or MoCA, test discussed by President Trump and Chris Wallace is \u2018not an IQ test,\u2019 Dr. Ziad Nasreddine tells MarketWatch", "Dow Inc., Travelers share losses lead Dow's nearly 150-point fall", "Hot Tech Stocks Show Signs of Cooling. Apple Could Be Next. With its stock up 33% year to date and sky-high Wall Street expectations for second quarter earnings, Apple could be the next disappointment.", "\u2018We want a stable dollar,\u2019 says U.S. Treasury Secretary Mnuchin: \u2018It is the reserve currency of the world and we\u2019re going to protect that\u2019 Treasury Secretary Steven Mnuchin says that a stable U.S. dollar is the goal of the Trump administration, while, separately, noting that some froth was percolating in the stock market that has surged since its coronavirus lows in late March", "Dow's 75-point fall led by losses in shares of Dow Inc., Travelers", "Dow, Nasda

Predict whether the return of IWM over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for IWM starting 2020-07-24 was +6.95%, which classifies as 'positive'.


STIP over past 60 days: cumulative return -2.5%, annualized vol 3.7%. Market regime: sideways.

Question:
Asset: STIP
Historical prices (past 60 trading days): start=89.27, end=87.08, cumulative_return=-2.5%, annualized_volatility=3.7%
Macro context: {'fed_funds_rate': 3.08, 'cpi_yoy': 296.349, 'unemployment': 3.5, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.4, 't10y3m_spread': 0.4, 'breakeven_10y': 2.19, 'hy_oas': 5.5, 'ig_oas': 1.68, 'ted_spread': 0.09, 'mortgage_30y': 6.7, 'vix': 31.84000015258789}
Market regime: sideways

Predict whether the return of STIP over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for STIP starting 2022-09-30 was +1.14%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return -57.5%, annualized vol 116.7%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=28.11, end=11.93, cumulative_return=-57.5%, annualized_volatility=116.7%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 298.832, 'unemployment': 3.5, 'gdp_growth_qoq': 22278.345, 't10y2y_spread': -0.68, 't10y3m_spread': -0.8, 'breakeven_10y': 2.15, 'hy_oas': 4.67, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.31, 'vix': 22.420000076293945}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-12-19]

Predict whether the return of SOL-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for SOL-USD starting 2022-12-20 was +31.89%, which classifies as 'positive'.


XLV over past 60 days: cumulative return +4.5%, annualized vol 14.1%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=60.01, end=62.72, cumulative_return=+4.5%, annualized_volatility=14.1%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 240.101, 'unemployment': 4.8, 'gdp_growth_qoq': 19197.938, 't10y2y_spread': 0.8, 't10y3m_spread': 1.17, 'breakeven_10y': 1.45, 'hy_oas': 5.58, 'ig_oas': 1.52, 'ted_spread': 0.37, 'mortgage_30y': 3.41, 'vix': 13.039999961853027}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-07-13] ["SAP-APWorks Team Up to Accelerate Industrial 3D Printing Taking another step in its 3D printing initiative, German software solutions corporation SAP SESAP inked a co-innovation agreement with APWorks, to accelerate the adoption and standardization of industrial 3D printing. This follows a promising collaboration with UPS in May, which aimed to establish a U.S. wide on-demand 3D printing network, by integrating SAP's extended supply chain solutions with UPS's additive industrial manufacturing and logistics network. SAP's deal with UPS aimed to provide access to on-demand manufacturing to companies, thus streamlining their supply chains, enhancing cost efficiency and reducing time-to-market. The APWorks Deal APWorks, a subsidiary of Airbus Defense and Space GmbH, and SAP intend to work toward facilitating the adoption and standardization of industrial 3D printing for the aerospace and defense industry. APWorks will leverage SAP's 3D printing services network to facilitate the development of a bionics network that will connect experts to end users. Using SAP's technology, APWorks will manufacture 3D printed components, enhance fuel efficiency and reduce CO2 emissions, along with managing spare part orders in real time. This will help it deliver qualified products on time for safety-critical applications in industries like aerospace and defense. In essence, SAP will be working with APWorks to manage orders better as they manufacture 3D printed components to deliver to industries where safety and quality is critical. Evolution of 3D Printing 3D printing has evolved past simple industrial prototyping and is fast racing toward manufacturing industries which use multiple materials like metals, plastics, and ceramics in 3D printing. This technology is on its way to revolutionize traditional manufacturing and redefine conventional notions of the industrial supply chain. It makes great sense for industries such as aerospace, where 3D printing will allow users to print the parts they need, thus ensuring the removal of several costs associated with traditional manufacturing. SAP's Initiatives SAP's collaborations corroborate the shift in manufacturing supply chain that 3D printing is enabling. In fact, SAP recently said that it intends to rationalize the supply chain in terms of collaborating and delivering certification cloud services for industrial 3D printing, using their own SAP HANA Cloud Platform. They also plan to create an on-demand 3D printing manufacturing network. This is in line with SAP's plans with APWorks, which will offer manufacturing and logistical cost savings while eliminating supply chain issues. SAP AG ADR Price SAP AG ADR Price | SAP AG ADR Quote However, SAP's prospects in the near term look gloomy as it contends with headwinds like stiff competition in the IT services industry, persistent weakness in multiple end-markets like Latin America and Brazil, and escalating research and development expenses. SAP currently has a Zacks Rank

Predict whether the return of XLV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for XLV starting 2016-07-14 was +0.86%, which classifies as 'flat'.


IVV over past 60 days: cumulative return +7.6%, annualized vol 17.2%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=286.82, end=308.69, cumulative_return=+7.6%, annualized_volatility=17.2%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 259.997, 'unemployment': 7.8, 'gdp_growth_qoq': 20558.879, 't10y2y_spread': 0.54, 't10y3m_spread': 0.56, 'breakeven_10y': 1.65, 'hy_oas': 5.21, 'ig_oas': 1.37, 'ted_spread': 0.14, 'mortgage_30y': 2.86, 'vix': 26.8700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-09-11] Ambarella Stock Could See Further Downside Ambarella Incorporated stock (NASDAQ: AMBA) is down 22% since the beginning of this year, but at the current price of $47 per share, we believe that Ambarella stock has a significant downside. Why is that? Our belief stems from the fact that Ambarella’s stock has risen almost 35% from the low seen in early 2019. Our dashboard What Factors Drove 34% Change In Ambarella Inc. Stock Between 2018 And Now? provides the key numbers behind our thinking, and we explain more below. Ambarella is a semiconductor design company, manufacturing processors used across a variety of applications such as video compression, image processing, and computer vision. The stock rise over the past 2 years came despite a 22% drop in Ambarella’s revenues, which combined with a roughly unchanged outstanding share count, led to a 22% fall in revenue per share (RPS) from 2018 to 2020. However, Ambarella’s P/S ratio rose from about 3.9x at the end of 2018 to 8.7x at the end of 2019, but has dropped to 6.8x now. This fall came due to a drop in the company’s profitability, with EPS falling from $0.57 in 2018 to -$1.35 in 2020, on the back of falling revenues and gross margins. Also, given the volatility of the current situation, there is further possible downside for Ambarella’s multiple when compared to levels seen in the past years – P/S of 5.9x at the start of 2018, and 3.9x as recently as early 2019. So what’s the likely trigger and timing to this downside? The global spread of coronavirus, and the resulting lockdowns and quarantine has led to a drop in demand for computing devices. Further, the rise in competitors in the video compression and computer vision markets has led to a drop in selling prices, weighing down company revenue. Ambarella’s revenue for Q2 2021 came in at $50.1 million vs $56.4 million for the same period last year, and with expenses not dropping at the same rate, EPS came in at -$0.43 vs -$0.31. We expect this revenue drop to continue in the medium term. We believe Ambarella’s Q3 results in December will confirm this and will also likely accompany a lower 2021 guidance. Regardless, if there isn’t clear evidence of containment of the virus anytime soon, we believe the stock will see its P/S multiple decline from the current level of 6.8x to around 6x, which combined with a slight reduction in revenues and margins could result in the stock price shrinking to as low as $40. Want a more balanced portfolio instead? Here’s a top quality portfolio to outperform the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk. It has outperformed the broader market year after year, consistently. See all Trefis Price Estimates and Download Trefis Data here What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams The views and opinions expre

Predict whether the return of IVV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for IVV starting 2020-09-14 was +3.87%, which classifies as 'positive'.


EEM over past 60 days: cumulative return +13.9%, annualized vol 32.4%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=31.65, end=36.05, cumulative_return=+13.9%, annualized_volatility=32.4%
Macro context: {'fed_funds_rate': 0.07, 'cpi_yoy': 257.042, 'unemployment': 11.0, 'gdp_growth_qoq': 19077.992, 't10y2y_spread': 0.66, 't10y3m_spread': 0.71, 'breakeven_10y': 1.28, 'hy_oas': 5.51, 'ig_oas': 1.56, 'ted_spread': 0.14, 'mortgage_30y': 3.18, 'vix': 25.809999465942383}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-06-08] ["UBS Maintains Buy on Adobe, Raises Price Target to $450", "UBS Maintains Buy on Adobe, Raises Price Target to $450", "3 Top E-Commerce Stocks to Watch in June Many e-commerce businesses have seen tailwinds this year as conditions created by the novel coronavirus pandemic resulted in stores closing and spending migrating to digital channels. With many brick-and-mortar businesses beginning to reopen in conjunction with coronavirus restrictions being eased, June could provide valuable data about what the future of retail looks like. Investors interested in e-commerce stocks should keep an eye on Shopify (NYSE: SHOP), Baozun (NASDAQ: BZUN), and Adobe Systems (NASDAQ: ADBE) this month. Image source: Getty Images. 1. Shopify Shopify provides software that allows businesses to easily create and manage online-retail websites, and it's one of the e-commerce space's hottest stocks. Shares are crushing the market in 2020, climbing roughly 89.5% year to date after rallying 187% in 2019. SHOP data by YCharts. Shopify has posted torrid growth as it's brought more large companies on board its platform and become solidified as the category-leading e-commerce services provider for small-and-medium-size enterprises. The company saw heightened merchant-customer additions and shopper engagement as the novel coronavirus began disrupting brick-and-mortar retail operations in mid-March. Shopify stock hit a lifetime high in May, but shares have actually pulled back over the last couple of weeks despite the S&P 500 index climbing roughly 8% across the same stretch. The e-commerce company's valuation is currently down roughly 13% from the lifetime high it hit in May. With brick-and-mortar retail businesses beginning to reopen in the U.S. and other territories, Shopify's coronavirus-related momentum could be tested in June. Despite the potential for near-term volatility, the company's long-term growth outlook remains promising. E-commerce will only become more important for businesses, and pullback on the stock could present an entry point for long-term investors. 2. Baozun Baozun is sometimes referred to as \"the Shopify of China\" because it also provides website-creation tools and other e-commerce services. However, most of Baozun's customers are large companies, and its core business hinges on providing services for Western brands aiming to expand their presence in China's fast-growing e-commerce market. The stock is up roughly 4% year to date following Baozun's first-quarter earnings beat and encouraging Q2 guidance it published on June 2. Even with shares now in positive territory across 2020's trading, they're still down roughly 48% from their lifetime high two years ago due to slowing growth and tensions between the U.S. and China. Baozun is seeing business pick back up as the Chinese economy recovers from coronavirus-related conditions, but the country's increasingly fraught relationship with the U.S. could create obstacles to a sustained stock rebound. Phase on

Predict whether the return of EEM over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for EEM starting 2020-06-09 was +7.05%, which classifies as 'positive'.


BIL over past 60 days: cumulative return +0.3%, annualized vol 0.2%. Market regime: sideways.

Question:
Asset: BIL
Historical prices (past 60 trading days): start=76.82, end=77.06, cumulative_return=+0.3%, annualized_volatility=0.2%
Macro context: {'fed_funds_rate': 2.13, 'cpi_yoy': 256.43, 'unemployment': 3.5, 'gdp_growth_qoq': 20843.322, 't10y2y_spread': 0.0, 't10y3m_spread': -0.49, 'breakeven_10y': 1.55, 'hy_oas': 4.13, 'ig_oas': 1.26, 'ted_spread': 0.19, 'mortgage_30y': 3.58, 'vix': 18.979999542236328}
Market regime: sideways

Predict whether the return of BIL over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for BIL starting 2019-09-02 was +0.13%, which classifies as 'flat'.


BIL over past 60 days: cumulative return -0.0%, annualized vol 0.3%. Market regime: sideways.

Question:
Asset: BIL
Historical prices (past 60 trading days): start=74.05, end=74.03, cumulative_return=-0.0%, annualized_volatility=0.3%
Macro context: {'fed_funds_rate': 0.38, 'cpi_yoy': 237.652, 'unemployment': 4.8, 'gdp_growth_qoq': 19001.69, 't10y2y_spread': 1.19, 't10y3m_spread': 1.76, 'breakeven_10y': 1.35, 'hy_oas': 7.87, 'ig_oas': 1.96, 'ted_spread': 0.32, 'mortgage_30y': 3.81, 'vix': 22.34000015258789}
Market regime: sideways

Predict whether the return of BIL over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for BIL starting 2016-01-25 was +0.00%, which classifies as 'flat'.


INDS over past 60 days: cumulative return -2.5%, annualized vol 22.0%. Market regime: sideways.

Question:
Asset: INDS
Historical prices (past 60 trading days): start=31.34, end=30.56, cumulative_return=-2.5%, annualized_volatility=22.0%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 262.687, 'unemployment': 6.4, 'gdp_growth_qoq': 21082.134, 't10y2y_spread': 0.9, 't10y3m_spread': 0.95, 'breakeven_10y': 2.06, 'hy_oas': 3.8, 'ig_oas': 1.04, 'ted_spread': 0.14, 'mortgage_30y': 2.71, 'vix': 25.06999969482422}
Market regime: sideways

Predict whether the return of INDS over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for INDS starting 2021-01-07 was +8.63%, which classifies as 'positive'.


BIL over past 60 days: cumulative return +0.0%, annualized vol 0.3%. Market regime: sideways.

Question:
Asset: BIL
Historical prices (past 60 trading days): start=74.08, end=74.10, cumulative_return=+0.0%, annualized_volatility=0.3%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 240.545, 'unemployment': 4.9, 'gdp_growth_qoq': 19197.938, 't10y2y_spread': 0.81, 't10y3m_spread': 1.25, 'breakeven_10y': 1.48, 'hy_oas': 5.14, 'ig_oas': 1.4, 'ted_spread': 0.53, 'mortgage_30y': 3.43, 'vix': 12.380000114440918}
Market regime: sideways

Predict whether the return of BIL over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for BIL starting 2016-08-24 was +0.00%, which classifies as 'flat'.


MTUM over past 60 days: cumulative return +10.7%, annualized vol 8.6%. Market regime: sideways.

Question:
Asset: MTUM
Historical prices (past 60 trading days): start=87.92, end=97.29, cumulative_return=+10.7%, annualized_volatility=8.6%
Macro context: {'fed_funds_rate': 1.42, 'cpi_yoy': 248.859, 'unemployment': 4.0, 'gdp_growth_qoq': 20044.077, 't10y2y_spread': 0.53, 't10y3m_spread': 1.04, 'breakeven_10y': 2.02, 'hy_oas': 3.35, 'ig_oas': 0.97, 'ted_spread': 0.28, 'mortgage_30y': 3.95, 'vix': 9.729999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2018-01-08] ["Activist shareholders want Apple to help kids kick iPhone addictions Jana, teachers group push for better corporate responsibility The iPhone has made Apple Inc. and Wall Street hundreds of billions of dollars. Now some big shareholders are asking at what cost, in an unusual campaign to make the company more socially responsible.", "Consumer Tech To Hit Record $351 Billion In 2018: CES The semi-annual industry report, released shortly before the start of the Consumer Electronics Show (CES) here, includes for the first time a projection for consumer spending on music and video-streaming services, which it says will account for $19.5 billion.", "Whirlpool appliances to communicate with Apple Watch in early 2018 Whirlpool Corp. said Monday it will activate Apple Watch functionality for its home appliances in early 2018. Consumers will be able to remotely communicate with ovens, washers and dryers via Apple Inc.'s Apple Watch, with the roll out to more than 20 Whirlpool brand appliances. \"Bringing intuitive technology and functionality to the appliance category that helps take the friction out of household chores is chief among our goals as we innovate for the smart home,\" said Brett Dibkey, vice president of brand strategy. \"Our consumers are sophisticated and expect their appliances to work smarter, not harder.\" Separately, Whirlpool said it was collaborating with Honeywell International Inc. , to allow consumers to connect smart appliances from Whirlpool to Honeywell's thermostats. Whirlpool's stock was still inactive in premarket trade, while Apple shares eased 0.1%. Over the past three months, Whirlpool's stock has dropped 7.1%, Apple shares have climbed 12.7%, Honeywell shares have tacked on 8.3% and the Dow Jones Industrial Average has rallied 11.1%.", "U.S. consumer electronics sales expected to reach record $351B in 2018 with help from streaming services The U.S. consumer technology industry is expected to reach record sales of $351 billion in 2018, up 3.9% from 2017, according to the Consumer Technology Association. This year's sales got a boost from the addition of on-demand video services like Netflix Inc. , Hulu and Sling TV, and on-demand audio services like Spotify, Pandora and Apple Music . The CTA included these services for the first time in order \"to better capture the full expanse of the ever-evolving and expanding consumer technology market.\" Without these services, 2018 growth would only be 2.2%. Some of the technologies expected to drive sales this year are smart speakers, with sales expected to grow 60% this year, smart home items like smart locks and doorbells, expected to grow 41%, and virtual reality headsets and eyewear, expected to be up 25%. The top five \"mature\" technologies, including smartphones, laptops and TVs are expected to make up 51% of revenue for the year. The Consumer Electronics Show will be Jan. 9 through Jan. 12.", "6 ways to make smartphones more humane \u2014 and less addictive 39% of millennia

Predict whether the return of MTUM over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for MTUM starting 2018-01-09 was -5.09%, which classifies as 'negative'.


VNQ over past 60 days: cumulative return -7.1%, annualized vol 17.7%. Market regime: sideways.

Question:
Asset: VNQ
Historical prices (past 60 trading days): start=52.95, end=49.17, cumulative_return=-7.1%, annualized_volatility=17.7%
Macro context: {'fed_funds_rate': 0.37, 'cpi_yoy': 237.652, 'unemployment': 4.8, 'gdp_growth_qoq': 19001.69, 't10y2y_spread': 1.16, 't10y3m_spread': 1.75, 'breakeven_10y': 1.32, 'hy_oas': 8.17, 'ig_oas': 1.98, 'ted_spread': 0.36, 'mortgage_30y': 3.92, 'vix': 27.59000015258789}
Market regime: sideways

Predict whether the return of VNQ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for VNQ starting 2016-01-21 was +1.47%, which classifies as 'positive'.


ACWI over past 60 days: cumulative return +3.6%, annualized vol 15.9%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=47.00, end=48.68, cumulative_return=+3.6%, annualized_volatility=15.9%
Macro context: {'fed_funds_rate': 0.12, 'cpi_yoy': 235.342, 'unemployment': 5.5, 'gdp_growth_qoq': 18666.621, 't10y2y_spread': 1.36, 't10y3m_spread': 2.01, 'breakeven_10y': 1.68, 'hy_oas': 4.69, 'ig_oas': 1.43, 'ted_spread': 0.25, 'mortgage_30y': 3.69, 'vix': 14.6899995803833}
Market regime: sideways
Recent filing/news:
[Kaggle 2015-02-13] ["London wants a piece of New York\u2019s startups U.K. led startup funding in Europe last month, raising $294 million The U.K. government launched a new initiative called HQUK this week to try and lure foreign businesses to the British isles.", "Goldman traded its reputation for quick profits It was once known as an investment bank but now it\u2019s a hedge fund It was once known as an investment bank but now it\u2019s a hedge fund, says David Weidner.", "Apple price target raised to $135 at BMO Capital Markets", "Apple price target raised to $150 at UBS", "Apple developing 'mega-ecosystem' as target raised to $150 NEW YORK (MarketWatch) - Apple Inc.'s price target was raised to $150 at UBS and to $135 at BMO Capital Markets on Friday, as analysts continue to grow more bullish on the iPhone maker's product line. On Thursday, Apple's stock closed at a record split-adjusted high of $126.46, valuing the company at more than $736 billion, the highest valuation of any U.S. company in history. UBS analyst Steven Milunovich, who rates Apple a buy, said Apple is creating a \"mega-ecosystem\" that is quickly turning the company into a platform, rather than just a device, company. \"Apple the platform company may take it to $1 trillion,\" he said. At $150, UBS is one of the most bullish brokerages on Apple's stock, behind just Cantor Fitzgerald, which has a $160 target on Apple. Meanwhile, BMO analyst Keith Bachman, who has an outperform rating on the stock, said he thinks Apple is adding \"far more users than are leaving the brand\" and that its fiscal 2015 iPhone unit forecast may be conservative. Shares of Apple edged 0.4% higher to $126.98 in premarket trade. To get to a $1 trillion market valuation, shares of Apple will have to reach $172.", "Apple\u2019s expanding \u2018Appleverse\u2019 will lure you in Apple creating mega-ecosystem as target raised to $150 at UBS Apple wants iOS to permeate all aspects of consumers\u2019 lives, more than it already does.", "Lovelorn single people should move to these cities Some singletons this Valentine\u2019s Day may be looking for love in all the wrong places (or cities).", "Week in Review: Musk, Holocaust Chic and Homer go into \u2018insane mode\u2019 Marek Fuchs reviews the top events of the week, including news from Elon Musk, Holocaust Chic and Homer Simpson.", "American Express: After Costco, the Deluge", "10 biggest financial-market events this week Rising oil prices, energy stocks, Greece and Ukraine led the news Rising oil prices, energy stocks, Greece and Ukraine led the news.", "Groupon rallies as Zynga sinks; Tesla struggles Apple shrugs off analysts\u2019 price target hikes Groupon, Zynga, Tesla, and Apple are among notable movers in Friday\u2019s session.", "David Tepper's Appaloosa slashes equity holdings; closes Apple, Facebook positions NEW YORK (MarketWatch) -- David Tepper's hedge fund Appaloosa Management disclosed that the value of its equity holdings were reduced by 40% late last year, accor

Predict whether the return of ACWI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for ACWI starting 2015-02-17 was +0.41%, which classifies as 'flat'.


LINK-USD over past 60 days: cumulative return -29.2%, annualized vol 106.1%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=26.87, end=19.03, cumulative_return=-29.2%, annualized_volatility=106.1%
Macro context: {'fed_funds_rate': 0.1, 'cpi_yoy': 271.903, 'unemployment': 5.4, 'gdp_growth_qoq': 21617.828, 't10y2y_spread': 1.06, 't10y3m_spread': 1.21, 'breakeven_10y': 2.41, 'hy_oas': 3.26, 'ig_oas': 0.92, 'ted_spread': 0.08, 'mortgage_30y': 2.78, 'vix': 18.309999465942383}
Market regime: sideways

Predict whether the return of LINK-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for LINK-USD starting 2021-07-29 was +39.90%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return -9.4%, annualized vol 58.0%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.30, end=0.27, cumulative_return=-9.4%, annualized_volatility=58.0%
Macro context: {'fed_funds_rate': 1.82, 'cpi_yoy': 257.155, 'unemployment': 3.6, 'gdp_growth_qoq': 20985.448, 't10y2y_spread': 0.14, 't10y3m_spread': -0.01, 'breakeven_10y': 1.52, 'hy_oas': 4.26, 'ig_oas': 1.25, 'ted_spread': 0.34, 'mortgage_30y': 3.57, 'vix': 17.56999969482422}
Market regime: sideways

Predict whether the return of XRP-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for XRP-USD starting 2019-10-11 was +7.95%, which classifies as 'positive'.


^VIX over past 60 days: cumulative return +33.4%, annualized vol 152.0%. Market regime: sideways.

Question:
Asset: ^VIX
Historical prices (past 60 trading days): start=13.97, end=18.64, cumulative_return=+33.4%, annualized_volatility=152.0%
Macro context: {'fed_funds_rate': 1.82, 'cpi_yoy': 257.155, 'unemployment': 3.6, 'gdp_growth_qoq': 20985.448, 't10y2y_spread': 0.12, 't10y3m_spread': -0.1, 'breakeven_10y': 1.49, 'hy_oas': 4.32, 'ig_oas': 1.25, 'ted_spread': 0.32, 'mortgage_30y': 3.65, 'vix': 18.63999938964844}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-10-09] ["Monness Crespi Hardt becomes latest to slash its Netflix price target on competition concerns Monness Crespi Hardt became the latest house to slash its stock price target for Netflix Inc. on Wednesday, when it shaved $100 off its target to lower it to $340. Analyst Brian White reiterated his buy rating on the stock in a note to clients ahead of the streaming company's third-quarter earnings next week. \"In light of the weakening macro environment since Netflix last provided guidance, combined with more details last month from Apple around its planned launch of Apple TV+ and incremental data points around increasingly fierce competition for content, we are adjusting our estimates for Netflix accordingly and lowering our 12-month price target to $340 from $440,\" White wrote. Evercore analyst Vijay Jayant slashed his Netflix price target to $300 from $380 on Monday, also citing concerns about coming competition from providers including Disney . Netflix shares were up 0.4% premarket but have fallen 24% in the last 12 months, while the S&P 500 has gained 0.4%.", "Apple blasted by China\u2019s state media for \u2018unwise and reckless decision\u2019 to allow apps that help Hong Kong protesters A separate newspaper identified the app as HKmap.live Apple accused of offering a mobile app that \u201cclaims to provide transportation information for the convenience of the public,\u201d but instead identifies police locations, the China paper says.", "China Trade Speed Bumps May Keep Haunting Investors U.S. stock futures are climbing on hopes that China may be ready to agree a partial trade deal, in a week that has whipsawed investors around over worries that talks between the two countries face big headwinds.", "Tech investors need to brace for this pivotal $160 billion \u2018gut punch\u2019 in December, says analyst Dan Ives Critical information for the U.S. trading day Our call of the day warns investors to mark their calendar for a \u201cpivotal $160 billion\u201d crucial moment ahead for the tech space.", "Apple Stock Is Beating the Market. Analyst Expects More Gains. Canaccord cited the success of the iPhone 11 and growth in the services business. The launch of Apple TV+ in November could give the stock an extra push.", "The Dow Is Up 146 Points Because Hopes Are Up for a China Trade Deal Stocks are holding onto gains approaching midday Wednesday. Investors are still hanging onto hope that there could be some progress on trade when the U.S. and China resume tariff talks tomorrow.", "Netflix Stock Could Take a Hit From Rising Content Costs, Analyst Says Rosenblatt Securities says Netflix stock is not attractive even after its big decline in recent months.", "Google is working on 5G version of smartphone: report Alphabet Inc.\u2019s Google will probably join the 5G fray in 2020, leaving Apple Inc. as the last major vendor to announce its plans Alphabet Inc. is working on a 5G-version of its Pixel 4 smartphone, but don\u2019t expect a sneak peek next we

Predict whether the return of ^VIX over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for ^VIX starting 2019-10-10 was -31.30%, which classifies as 'negative'.


XLV over past 60 days: cumulative return +9.5%, annualized vol 11.7%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=81.28, end=88.97, cumulative_return=+9.5%, annualized_volatility=11.7%
Macro context: {'fed_funds_rate': 1.56, 'cpi_yoy': 258.63, 'unemployment': 3.6, 'gdp_growth_qoq': 20985.448, 't10y2y_spread': 0.17, 't10y3m_spread': 0.19, 'breakeven_10y': 1.61, 'hy_oas': 4.02, 'ig_oas': 1.11, 'ted_spread': 0.35, 'mortgage_30y': 3.68, 'vix': 12.619999885559082}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-11-29] ["Amazon's International Segment Expected To Grow The Slowest Over Coming Years Amazon (NASDAQ:AMZN) makes money through its consumer ventures (online and offline retail sales, search advertising, content streaming etc) and cloud services (rental of compute, storage etc) and competes with industry leaders in the retail as well as technology industry including Walmart, Facebook, Google, Microsoft, IBM, eBay and Oracle. Trefis highlights trends in Amazon\u2019s Revenues over recent years along with our forecast for 2019 and 2020 in an interactive dashboard. While the technology giant did well to surpass Q3 earnings expectations, we believe that its growth rate over coming years will be dragged down by sub-par growth internationally. While growth from India and Japan are guided to be weaker for the current quarter due to country-specific events, we expect headwinds to Amazon\u2019s international growth to extend over several quarters \u2013 making its international segment the slowest growing division in the near future. A Quick Look at Amazon\u2019s Revenues Amazon has 3 Operating Segments Amazon North America: Segment revenues are derived from the sale of consumer products and subscriptions across North America. Amazon International: Segment revenues are derived from the sale of consumer products and subscriptions globally, excluding North America. Amazon Web Services (AWS): Segment revenues are derived from the sale of compute, storage, database, and other enterprise service offerings. Amazon\u2019s revenue grew 71.3% over 2016 to 2018 to $233 billion and is expected to increase 50% to nearly $350 billion by 2020. (1) Amazon North America Division revenues have grown $61.6 billion over 2016-18, and we expect it to growth $69 billion over the next two years thanks to same-day shipping and frictionless payments. This represents an increase in Amazon\u2019s North America revenues by nearly 50% between 2018 and 2020. (2) Amazon International Division revenues have grown $21.9 billion over 2016-18 and we expect these revenues to grow by $29 billion over the next two years due to the growing trend of digitization in International markets. However, this represents an effective growth of 44% in the division\u2019s revenues through 2020 \u2013 a figure which pales in comparison to the expected 50%-growth for the much bigger North America division over the same period. (3) Amazon Web Services Division revenue growth of $19 billion over the next two years is likely to be driven by AWS\u2019s leadership position in public cloud and AWS\u2019s initiatives to expand into the private cloud. This represents a strong 75% growth in the segment\u2019s revenues over 2018-20. What\u2019s behind Trefis? See How It\u2019s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams More Trefis Research Like our charts? Explore example interactive dashboards and create your own. The views and opinions expressed herein are the vi

Predict whether the return of XLV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for XLV starting 2019-12-02 was +4.21%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return -14.0%, annualized vol 64.7%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=312.47, end=268.82, cumulative_return=-14.0%, annualized_volatility=64.7%
Macro context: {'fed_funds_rate': 1.58, 'cpi_yoy': 294.913, 'unemployment': 3.5, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.22, 't10y3m_spread': 0.49, 'breakeven_10y': 2.39, 'hy_oas': 5.1, 'ig_oas': 1.54, 'ted_spread': 0.09, 'mortgage_30y': 5.51, 'vix': 24.5}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-07-19]

Predict whether the return of BNB-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for BNB-USD starting 2022-07-20 was +27.15%, which classifies as 'positive'.


XLY over past 60 days: cumulative return +2.8%, annualized vol 14.3%. Market regime: sideways.

Question:
Asset: XLY
Historical prices (past 60 trading days): start=85.49, end=87.87, cumulative_return=+2.8%, annualized_volatility=14.3%
Macro context: {'fed_funds_rate': 0.1, 'cpi_yoy': 271.903, 'unemployment': 5.4, 'gdp_growth_qoq': 21617.828, 't10y2y_spread': 1.05, 't10y3m_spread': 1.2, 'breakeven_10y': 2.38, 'hy_oas': 3.27, 'ig_oas': 0.92, 'ted_spread': 0.08, 'mortgage_30y': 2.78, 'vix': 19.36000061035156}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-07-27] ["Advanced Micro Devices Q2 21 Earnings Conference Call At 5:00 PM ET (RTTNews) - Advanced Micro Devices Inc. (AMD) will host a conference call at 5:00 PM ET on July 27, 2021, to discuss Q2 21 earnings results. Advanced Micro Devices is scheduled to report results on Tuesday, July 27, after market close. To access the live webcast, log on to http://ir.amd.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Advanced Micro Devices (AMD) Q2 2021 Earnings Call Transcript Image source: The Motley Fool. Advanced Micro Devices (NASDAQ: AMD) Q2 2021 Earnings Call Jul 27, 2021, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, and welcome to the AMD second-quarter 2021earnings conference call [Operator instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Laura Graves, corporate vice president of investor relations. Laura, please go ahead. Laura Graves -- Corporate Vice President of Investor Relations Thank you, and welcome to AMD's second-quarter 2021 financial results conference call. By now, we hope you have had the opportunity to review a copy of our earnings press release and slides. If you have not reviewed these documents yet, they can be found on the Investor Relations page of amd.com. Participants on today's conference call are Dr. Lisa Su, our president and chief executive officer; and Devinder Kumar, our executive vice president, chief financial officer, and treasurer. This is a live call and will be replayed via webcast on our website. Before we begin, I would like to note that Saeid Moshkelani, senior vice president and general manager of our client business; and Ruth Cotter, senior vice president of worldwide marketing, human resources, investor relations and strategy, will attend the Jefferies semiconductor and hardware summit on Tuesday, August 31. Devinder Kumar will attend the Deutsche Bank technology conference on Friday, September 10. 10 stocks we like better than Advanced Micro Devices When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Advanced Micro Devices wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 And our third-quarter 2021 quiet time is expected to begin at the close of business on Friday, September 10. Today's discussion contains forward-looking statements based on current beliefs, assumptions and expectations, speak only as of today and as such, involve risks and uncertainties that could cause actual results to differ materially from our current expectations. We refer to the cautionary statemen

Predict whether the return of XLY over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for XLY starting 2021-07-28 was -1.08%, which classifies as 'negative'.


EEM over past 60 days: cumulative return -6.3%, annualized vol 17.8%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=48.10, end=45.09, cumulative_return=-6.3%, annualized_volatility=17.8%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 273.91, 'unemployment': 4.7, 'gdp_growth_qoq': 21617.828, 't10y2y_spread': 1.23, 't10y3m_spread': 1.5, 'breakeven_10y': 2.38, 'hy_oas': 3.13, 'ig_oas': 0.87, 'ted_spread': 0.09, 'mortgage_30y': 2.88, 'vix': 23.25}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-09-28] ["Logitech's MX Keys Mini is a compact keyboard for minimalists Logitech has unveiled the MX Keys Mini, a compact keyboard for minimalists who don't want mechanical switches.", "Ableton Live 11.1 beta available now with Apple M1 support Ableton Live 11.1 beta available now with Apple M1 support, a new pitch shifting device and more.", "How to Buy Used and Refurbished Cameras and Lenses \"But it's so expensive,\" is what everyone says when a new camera or lens goes on sale. And so I'd like to welcome you to the world of photography that Leica camera users have known about for years. There is a massive benefit to the used and refurbished market for this reason. Don't want to pay $3,000 for that new Sony lens? Do you think that the Canon R5 is way too much money? Well, hyper-focusing on the original price point, I think, is sometimes excessive. It gets in the way of you getting tha", "United States Natural Language Processing Market Report 2021 Featuring Google, IBM, Microsoft, Intel, Apple, AWS, Facebook, Inbenta Technologies, Veritone, SAS Institute Dublin, Sept. 28, 2021 (GLOBE NEWSWIRE) -- The \"United States Natural Language Processing Market, By Component (Solution and Services), By Deployment (On-Premise, Cloud), By Organization Size (SME's Vs Large Enterprises), By Type, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2026\" report has been added to ResearchAndMarkets.com's offering. United States natural language processing market is expected to grow at an impressive rate over the forecast period Growing", "1Password can now randomly generate email addresses for logins The Masked Email feature allows you to create unique email addresses for your logins.", "1Password can now randomly generate email addresses for logins Since 2019, Sign in with Apple has allowed iPhone and Mac users to protect their privacy by allowing them to generate random email addresses when they need to access a new website, service or app. It\u2019s one of those small features that can have an outsized impact, and now something similar is coming to 1Password. Like its Apple counterpart, the tool allows you to create unique email addresses for your logins.", "Highnote emerges from stealth with $54M and a plan to take on Marqeta in the world of card issuing as a service Fintech startups have thrown a curve ball into the world of financial services, by building more flexible, cheaper and user-friendly tools to businesses and consumers, who in turn are walking away from older incumbents and taking their custom to newer providers. In the latest development, a startup called Highnote is launching with ambitions to make waves in the world of card issuing, by making it easy for any company of any size to provide virtual payment cards to their customers. Founded by PayPal alums, the company is exiting stealth mode today and also announcing $54 million in funding to take its first steps.", "IIROC Trading Resumption - STUV Trading resumes in:", "Wit

Predict whether the return of EEM over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for EEM starting 2021-09-29 was +3.38%, which classifies as 'positive'.


SOYB over past 60 days: cumulative return +17.5%, annualized vol 16.6%. Market regime: sideways.

Question:
Asset: SOYB
Historical prices (past 60 trading days): start=21.72, end=25.52, cumulative_return=+17.5%, annualized_volatility=16.6%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 284.5, 'unemployment': 3.9, 'gdp_growth_qoq': 21932.71, 't10y2y_spread': 0.63, 't10y3m_spread': 1.62, 'breakeven_10y': 2.38, 'hy_oas': 3.51, 'ig_oas': 1.08, 'ted_spread': 0.09, 'mortgage_30y': 3.55, 'vix': 24.350000381469727}
Market regime: sideways

Predict whether the return of SOYB over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for SOYB starting 2022-02-04 was +5.47%, which classifies as 'positive'.


XLRE over past 60 days: cumulative return -12.5%, annualized vol 35.0%. Market regime: sideways.

Question:
Asset: XLRE
Historical prices (past 60 trading days): start=31.58, end=27.63, cumulative_return=-12.5%, annualized_volatility=35.0%
Macro context: {'fed_funds_rate': 0.05, 'cpi_yoy': 256.032, 'unemployment': 14.8, 'gdp_growth_qoq': 19077.992, 't10y2y_spread': 0.5, 't10y3m_spread': 0.55, 'breakeven_10y': 1.19, 'hy_oas': 8.17, 'ig_oas': 2.34, 'ted_spread': 0.9852, 'mortgage_30y': 3.33, 'vix': 43.34999847412109}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-04-08] ["iPhone Maker Foxconn To Produce Ventilators In US", "Hearing Piper Sandler Raised Apple Price Target From $260 To $300; Unconfirmed", "JP Morgan Maintains Overweight on Apple, Lowers Price Target to $335", "10 Biggest Price Target Changes For Wednesday", "Shares of several technology companies are trading higher amid overall market strength on optimism that US coronavirus cases could soon leveling off. NOTE: Some names in the sector have potentially benefited from recent work-at-home trends.", "Watching Apple Shares; Hearing Traders Circulating Word Of Earlier Article From China Publication Suggesting Apple Cut Orders From China Suppliers", "Global Payments Firm Papaya Global Publishes International COVID-19 Crisis Guides For Employers", "The Show Must Go On \u2013 Event Industry Rising To The Challenge Of COVID-19", "Netflix, YouTube, Disney+: Which Video Streaming Platform Do Teens Watch The Most?", "Disney Shares Climb 7% As Video On Demand Service Crosses 50M Subscribers", "Netflix, YouTube, Disney+: Which Video Streaming Platform Do Teens Watch The Most?", "The Show Must Go On \u2013 Event Industry Rising To The Challenge Of COVID-19", "Global Payments Firm Papaya Global Publishes International COVID-19 Crisis Guides For Employers", "Watching Apple Shares; Hearing Traders Circulating Word Of Earlier Article From China Publication Suggesting Apple Cut Orders From China Suppliers", "Shares of several technology companies are trading higher amid overall market strength on optimism that US coronavirus cases could soon leveling off. NOTE: Some names in the sector have potentially benefited from recent work-at-home trends.", "10 Biggest Price Target Changes For Wednesday", "JP Morgan Maintains Overweight on Apple, Lowers Price Target to $335", "Hearing Piper Sandler Raised Apple Price Target From $260 To $300; Unconfirmed", "iPhone Maker Foxconn To Produce Ventilators In US", "Disney Shares Climb 7% As Video On Demand Service Crosses 50M Subscribers", "Netflix, YouTube, Disney+: Which Video Streaming Platform Do Teens Watch The Most?", "The Show Must Go On \u2013 Event Industry Rising To The Challenge Of COVID-19", "Global Payments Firm Papaya Global Publishes International COVID-19 Crisis Guides For Employers", "Watching Apple Shares; Hearing Traders Circulating Word Of Earlier Article From China Publication Suggesting Apple Cut Orders From China Suppliers", "Shares of several technology companies are trading higher amid overall market strength on optimism that US coronavirus cases could soon leveling off. NOTE: Some names in the sector have potentially benefited from recent work-at-home trends.", "10 Biggest Price Target Changes For Wednesday", "JP Morgan Maintains Overweight on Apple, Lowers Price Target to $335", "Hearing Piper Sandler Raised Apple Price Target From $260 To $300; Unconfirmed", "iPhone Maker Foxconn To Produce Ventilators In US", "Mercedes-Benz GLS-Class: New full-size luxury SUV fits the bill A review of the all-new 2020 SUV

Predict whether the return of XLRE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for XLRE starting 2020-04-09 was -6.14%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return -14.5%, annualized vol 75.5%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1549.30, end=1324.39, cumulative_return=-14.5%, annualized_volatility=75.5%
Macro context: {'fed_funds_rate': 2.33, 'cpi_yoy': 296.349, 'unemployment': 3.5, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.39, 't10y3m_spread': 0.22, 'breakeven_10y': 2.4, 'hy_oas': 4.88, 'ig_oas': 1.47, 'ted_spread': 0.09, 'mortgage_30y': 6.02, 'vix': 27.15999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-09-20]

Predict whether the return of ETH-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for ETH-USD starting 2022-09-21 was +3.38%, which classifies as 'positive'.


LINK-USD over past 60 days: cumulative return +42.0%, annualized vol 114.5%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=1.68, end=2.38, cumulative_return=+42.0%, annualized_volatility=114.5%
Macro context: {'fed_funds_rate': 2.12, 'cpi_yoy': 256.036, 'unemployment': 3.6, 'gdp_growth_qoq': 20843.322, 't10y2y_spread': 0.07, 't10y3m_spread': -0.35, 'breakeven_10y': 1.61, 'hy_oas': 4.4, 'ig_oas': 1.27, 'ted_spread': 0.22, 'mortgage_30y': 3.6, 'vix': 21.09000015258789}
Market regime: sideways

Predict whether the return of LINK-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for LINK-USD starting 2019-08-13 was -23.14%, which classifies as 'negative'.


TLH over past 60 days: cumulative return +5.3%, annualized vol 8.0%. Market regime: sideways.

Question:
Asset: TLH
Historical prices (past 60 trading days): start=105.98, end=111.55, cumulative_return=+5.3%, annualized_volatility=8.0%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 240.101, 'unemployment': 4.8, 'gdp_growth_qoq': 19197.938, 't10y2y_spread': 0.85, 't10y3m_spread': 1.21, 'breakeven_10y': 1.45, 'hy_oas': 5.44, 'ig_oas': 1.5, 'ted_spread': 0.37, 'mortgage_30y': 3.42, 'vix': 12.81999969482422}
Market regime: sideways

Predict whether the return of TLH over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for TLH starting 2016-07-15 was +0.72%, which classifies as 'flat'.


EWJ over past 60 days: cumulative return +3.5%, annualized vol 11.1%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=40.67, end=42.11, cumulative_return=+3.5%, annualized_volatility=11.1%
Macro context: {'fed_funds_rate': 0.66, 'cpi_yoy': 243.618, 'unemployment': 4.7, 'gdp_growth_qoq': 19398.343, 't10y2y_spread': 1.17, 't10y3m_spread': 1.88, 'breakeven_10y': 1.95, 'hy_oas': 4.02, 'ig_oas': 1.29, 'ted_spread': 0.51, 'mortgage_30y': 4.2, 'vix': 11.5600004196167}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-01-09] ["The Medicines Co LDL-Lowering Drug Positive in Phase II The Medicines CompanyMDCO announced positive top-line results from a Day 180 interim analysis of the ongoing ORION-1 phase II study on its pipeline candidate, Inclisiran (formerly PCSK9si), for the treatment of hypercholesterolemia. The Medicines Company is developing Inclisiran under a collaboration agreement with Alnylam Pharmaceuticals, Inc. ALNY , which was inked in early 2013. The Medicines Company is solely responsible for the development and commercialization of the candidate. The Medicines Company's three-month share price movement shows that the stock has outperformed the Zacks classified Medical - Biomedical and Genetics industry. Specifically, the company lost 1.7%, while the industry lost 3.7%. ORION-1 is a placebo-controlled, double-blinded, randomized, dose-finding phase II study. It compares and evaluates the effect of various doses of single or multiple subcutaneous injections of Inclisiran. The study was conducted in a total of 501 patients with atherosclerotic cardiovascular disease (ASCVD) or ASCVD-risk equivalents (hypercholesterolemia). Interim data demonstrated that Inclisiran led to a significant and durable reduction of LDL (low-density lipoprotein) cholesterol up to Day 210. Inclisiran was well tolerated throughout the study, with infrequent and mild or moderate injection site reactions. Data from the study will be presented at the annual meeting of the American College of Cardiology, scheduled to be held in Mar 2017. The company expects to move Inclisiran into phase III development (OROPN-4 study) after discussions with regulatory authorities. Meanwhile, the company announced the initiation of ORION-2 for evaluating the efficacy, safety and tolerability of Inclisiran in patients with homozygous familial hypercholesterolemia (HoFH). Moreover, the company commenced enrollment of ORION-1 patients in the phase II ORION-3 extension study, which will evaluate the efficacy, safety and tolerability of long-term dosing of Inclisiran. Note that, apart from Inclisiran, The Medicines Company has several interesting pipeline candidates targeting key focus areas. Three of these candidates - MDCO-216 (atherosclerotic plaque burden), ABP-700 (general anesthesia for surgical care) and Carbavance (treatment of hospitalized patients with serious gram-negative bacterial infections) - have blockbuster potential. The Medicines Company Price The Medicines Company Price | The Medicines Company Quote Zacks Rank & Other Key Picks The Medicines Company currently carries a Zacks Rank #2 (Buy). A couple of other favorably placed stocks in the health care sector include Orexigen Therapeutics, Inc. OREX and Arbutus Biopharma Corporation ABUS . Both the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Orexigen's loss estimates widened from $8.93 to $8.17 for 2016 and from $5.19 to $2.17 for 2017 over the last 60 days. The company pos

Predict whether the return of EWJ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for EWJ starting 2017-01-10 was +1.39%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return -31.5%, annualized vol 92.4%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=5.23, end=3.59, cumulative_return=-31.5%, annualized_volatility=92.4%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 260.911, 'unemployment': 6.7, 'gdp_growth_qoq': 20791.917, 't10y2y_spread': 0.79, 't10y3m_spread': 0.88, 'breakeven_10y': 1.76, 'hy_oas': 4.37, 'ig_oas': 1.19, 'ted_spread': 0.11, 'mortgage_30y': 2.78, 'vix': 24.799999237060547}
Market regime: sideways

Predict whether the return of AVAX-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for AVAX-USD starting 2020-11-11 was +7.09%, which classifies as 'positive'.


XLRE over past 60 days: cumulative return +6.1%, annualized vol 12.6%. Market regime: sideways.

Question:
Asset: XLRE
Historical prices (past 60 trading days): start=38.75, end=41.13, cumulative_return=+6.1%, annualized_volatility=12.6%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 273.91, 'unemployment': 4.7, 'gdp_growth_qoq': 21617.828, 't10y2y_spread': 1.16, 't10y3m_spread': 1.33, 'breakeven_10y': 2.36, 'hy_oas': 3.16, 'ig_oas': 0.92, 'ted_spread': 0.07, 'mortgage_30y': 2.87, 'vix': 18.13999938964844}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-09-07] ["3 Top Stocks to Buy in September It's been a topsy-turvy summer for investors, but things don't cool down just because fall is around the corner. September is often a sleepy period, but there are some interesting companies that are still expected to make waves this month. Adobe (NASDAQ: ADBE), fuboTV (NYSE: FUBO), and Walt Disney (NYSE: DIS) are three companies that have some potential catalysts kicking in this month. Let's take a closer look to see why they are some of the top stocks to buy in September. Image source: Getty Images. Adobe Earnings season has come and gone, but some companies like Adobe march to the beat of a different fiscal drummer. The desktop publishing giant reports fresh financials for its fiscal third quarter in two weeks. Adobe isn't just the company behind Photoshop and PDF files. Its Creative Cloud suite of digital publishing tools is the cloud-based standard for more than just creative types. Adobe is also also a major player in the booming e-signature market. This is also a far more consistent growth stock than you might think, with steady and growing subscription revenue now accounting for 92% of the top-line mix. It has rattled off six consecutive fiscal years of revenue growth of 15% or better. It's a strong bet to stretch that streak to seven after posting 26% and 23% top-line growth in its first two fiscal quarters. A master of the \"beat and raise\" game that is so rewarding to shareholders, it would be a shock if Adobe doesn't land ahead of Wall Street targets again in two weeks. It's also helping make its own luck on a per-share basis by perpetually buying back more shares than its prints out. Adobe's fiscal year-end share count has declined for five years. fuboTV The fastest-growing live TV streaming service has had a wild first year of trading. fuboTV stock has more than tripled since going public at $10 just 11 months ago, but it's trading for less than half of its late-December peak. The sports-heavy platform has seen its revenue accelerate throughout its brief tenure on the market, soaring 196% in its latest quarter. fuboTV isn't one of the handful of companies reporting financial results this month, but it is putting one important component of its master plan into action in September. Last week, fuboTV rolled real-time sporting event stats and free-to-play games out of beta, coinciding with the new round of South American Qatar World Cup 2022 qualifying matches. Subscribers can now opt to have their game screens resized to make room for its FanView stats. There are also predictive games that are free to play but with real cash prizes for the best prognosticators. With a small yet fast-growing sports-centric subscriber base of more than 680,000 premium accounts, all of this month's new toys are just the beginning. The real star will come later this year when fuboTV launches its own sportsbook through a dedicated smartphone app. fuboTV viewers already trust the platform for their programming and with thei

Predict whether the return of XLRE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for XLRE starting 2021-09-08 was -6.43%, which classifies as 'negative'.


AVAX-USD over past 60 days: cumulative return +67.5%, annualized vol 104.9%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=17.39, end=29.12, cumulative_return=+67.5%, annualized_volatility=104.9%
Macro context: {'fed_funds_rate': 2.33, 'cpi_yoy': 295.097, 'unemployment': 3.6, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.45, 't10y3m_spread': 0.13, 'breakeven_10y': 2.43, 'hy_oas': 4.33, 'ig_oas': 1.47, 'ted_spread': 0.09, 'mortgage_30y': 4.99, 'vix': 19.739999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-08-10]

Predict whether the return of AVAX-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for AVAX-USD starting 2022-08-11 was -32.39%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return +9.0%, annualized vol 91.4%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.08, end=0.09, cumulative_return=+9.0%, annualized_volatility=91.4%
Macro context: {'fed_funds_rate': 2.37, 'cpi_yoy': 255.213, 'unemployment': 3.6, 'gdp_growth_qoq': 20602.275, 't10y2y_spread': 0.27, 't10y3m_spread': -0.09, 'breakeven_10y': 1.68, 'hy_oas': 4.24, 'ig_oas': 1.32, 'ted_spread': 0.27, 'mortgage_30y': 3.82, 'vix': 15.81999969482422}
Market regime: sideways

Predict whether the return of ADA-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for ADA-USD starting 2019-06-14 was -15.55%, which classifies as 'negative'.