Quantitative Finance Using Neural Networks: Up to 17.85% in 7 Days

Quantitative Finance Using Neural Networks

This forecast is part of the “Risk-Conscious” package, as one of I Know First’s quantitative investment solutions. We determine our aggressive stock picks by screening our database daily for higher volatility stocks that present more opportunities, but are also more risky. The full Risk-Conscious Package includes a daily forecast for a total of 40 stocks with four main categories:

  • top ten aggressive stocks picks that best fit for long position
  • top ten aggressive stocks picks that best fit for short position
  • top ten conservative stocks picks that best fit for long position
  • top ten conservative stocks picks that best fit for short position

Package Name: Risk-Conscious
Recommended Positions: Long
Forecast Length: 7 Days (8/24/2015 – 8/31/2015)
I Know First Average: 5.86%

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Quantitative Finance Using Neural Networks

The top 10 stocks for the long position were included in the Risk-Conscious forecast from 08/24/15 that was part of the Risk-Conscious Package. For the long position ANF had the best performance during the predicted time horizon with a remarkable return of 17.85% . Other stocks with quite impressive performances during the time horizon were SRPT and CHK with returns of 8.36% and 7.57%.

Abercrombie & Fitch (ANF) is an American clothing retailer which focuses on casual wear. The company, who are based in New Albany, Ohio, has over 400 locations in the United States alone. Furthermore, the company is a world renowned brand as has several flagship stores world wide in cities such as London, Paris and Tokyo. The clothing firm  was upgraded to “sector perform” from “underperform” at RBC Capital on Friday morning. Moreover, the company’s sister brand Hollister reported “faster-than-expected, improving” fundamentals for the second quarter of 2015 that indicate Abercrombie & Fitch’s new strategy of moving away from sexual marketing and toward a more inclusive brand is yielding results for Hollister, the firm noted.

Algorithmic traders utilise these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First algorithmic traders.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.