PMWeather|$75.0k Vol|
time12 days 6 hrs

Precipitation in NYC in March? - AI Odds Analysis

All Outcomes
Market Price
AI Fair Value
Value Edge
5-6"
YesNo
<2"
YesNo
3-4"
YesNo
2-3"
YesNo
4-5"
YesNo
>6"
YesNo
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AI Insights:

03.13 13:18 Updated
Fair Value Reasoning:
As of March 13th, nearly halfway through the month, the collapse in prices for low precipitation brackets (<2" and 2-3") implies that realized rainfall or near-term forecasts have made a 'dry month' outcome highly improbable. The historical average for Central Park in March is ~4.4 inches. Aligning with the market's strong preference for 4-5" (40c), fair value regresses to the mean. Given the potential accumulation over the remaining 17 days, the 4-5" bracket is the statistical favorite, followed by the adjacent 3-4" and 5-6" ranges.

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Precipitation in NYC in March? - AI Odds Analysis