ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

AEM Forecasts a Highly Active 2024 Hurricane Season

By: via Business Wire

Significantly Increased Hurricane Activity Expected, with Elevated Risks for Gulf Coast and Atlantic Seaboard

AEM, the essential source for environmental insights, today released its 2024 Atlantic Hurricane Season Outlook, warning of a possible intense season ahead. The company's forecast predicts an 84% chance of above-normal activity, with 23 named storms, 11 hurricanes, and 6 major hurricanes expected—a significant increase from the 1991-2020 average.

AEM's outlook is based on a combination of advanced machine learning models and analog year analysis, considering key climate factors such as the expected development of La Niña conditions and warmer-than-average sea surface temperatures in the Atlantic. These conditions are expected to contribute to a more active hurricane season.

The forecast also includes a projected Accumulated Cyclone Energy (ACE) index of 215, with a range of 180-250. ACE is a measure of the overall intensity and duration of tropical storms and hurricanes during a given season. This prediction further underscores the potential for an exceptionally active season, as the average ACE value from 1950 to 2023 is 106.

"Our forecast paints a concerning picture for the 2024 Atlantic hurricane season," said Mark Hoekzema, Chief Meteorologist at AEM. "The confluence of La Niña and abnormally warm Atlantic waters creates a breeding ground for hurricane development. We are strongly urging residents in high-risk areas along the Gulf Coast and Atlantic Seaboard to stay vigilant and prepare accordingly."

According to AEM's analysis, several regions face a higher risk of impact from tropical systems this season. The Gulf Coast, particularly Texas and Louisiana, could see an increased likelihood of landfalling storms. Additionally, the Atlantic coast, especially the Southeast and Florida, may also be at elevated risk due to the projected steering patterns and warm ocean temperatures.

The company's forecast also draws comparisons to previous active hurricane seasons, such as 2005 and 2017, which saw 28 and 17 named storms, respectively. The 2005 season, which included Hurricane Katrina, saw an ACE value of 250, while the 2017 season, featuring Hurricanes Harvey, Irma, and Maria, recorded an ACE of 225.

The full hurricane forecast can be viewed on AEM's website via the webinar titled "Preparing for the 2024 Hurricane Season."

About AEM

AEM is combining global technology leaders to empower communities and organizations to survive and thrive in the face of escalating environmental risks. By deploying intelligent sensing networks, operating a secure and scalable data management infrastructure, and delivering high-value analytics through a suite of end-user applications, AEM serves as the essential source for environmental insights. These technologies enable positive outcomes, helping reduce environmental impact and creating a safer world. For more information, visit https://aem.eco/.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.