Russia RTS Index (RTSI)

As Ukranian ex-president Yankovich was in the process of being exiled from Kiev, many investors were unsure of how these events would effect the market. This has been the biggest confrontation between the West and Russia since the fall of the Soviet Union. Market volatility has risen as tensions rise and as both sides continue to implement sanctions that have reprucussions on the global economy. On February 21st 2014, right before Yankovich was ousted, I Know First: Daily Market Forecast had a negative forecast for the Russia RTS Index (RTSI).  In accordance with the algorithm, the Russia RTS Index fell 8.11% in the 1-month time horizon.

The index had a short signal of -1.53 and a predicability of 0.26, which made this index the most bearish index from our World Indexes Forecast from this date and in this time frame. Another forecast that correctly predicted the market’s reaction to unrest in the region is the prediction for the USD/RUB which jumped 9.88% from December 19th’s currency forecast as investors moved their money to a safe haven with the dollar and away from the ruble. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
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