Stock Market Forecast Based On Machine Learning: Up To 19.04% Return In 3 Days
Stock Market Forecast Based On Machine Learning
This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:
- top ten stocks picks to long
- top ten stocks picks to short
- S&P 500 forecast
Package Name: Top 10 Stocks
Forecast Length: 3 Days (8/21/2015 – 8/24/2015)
I Know First Average: 7.50% (Short)
Get the “Top 10 Stocks”-Package
9 of the 10 stocks included in the Top 10 Stocks forecast from 08/21/15 decreased in accordance with the algorithm’s prediction for the 3 days time horizon. The top performing stock was China Eastern Airlines (CEA) with immense return of 19.04%. American Airlines Group (AAL) and AEGON N.V (AEG) also posted outstanding returns of 13.58% and 10.86% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of -7% by 7.50% during the predicted time horizon.
China Eastern Airlines, one of the Top 3 Chinese airlines companies, have seen its stocks decreasing during the past few days because of the devaluation of the yuan. In fact, the gains generated from lower oil prices and from air-travel boom could be slashed by the weakness of its currency. The company hold a huge amount of debt in dollars – more than 97.4% was in dollars in 2014. So they are afraid of a currency war.
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.
