Algo Trading Based on Big Data: Returns up to 14.1% in 14 Days

Algo Trading

This Algo Trading is designed for investors and analysts who need predictions of the best utilities stocks to buy for the whole Industry . It includes 10 stocks with bullish and bearish signals and indicates the best utilities stocks to buy:

  • Top 10 Utilities stocks for the long position
  • Top 10 Utilities stocks for the short position

Package Name: Utilities Stocks
Recommended Positions: Long
Forecast Length: 14 Days (1/27/2020 – 2/10/2020)
I Know First Average: 2.33%
Algo Trading
Algo Trading chart

During the 14 Days forecasted period several picks in the Utilities Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The greatest return came from TERP at 14.1%. NEE and CWT also performed well for this time horizon with returns of 3.04% and 2.65%, respectively. With these notable trade returns, the package itself registered an average return of 2.33% compared to the S&P 500’s return of 1.72% for the same period.

Algorithmic traders utilize 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 subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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