Algo Trading Based on Data Mining: Returns up to 8.78% in 7 Days

Algo Trading

Algo Trading: This Utilities Stocks forecast 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: 7 Days (11/15/22 – 11/22/22)
I Know First Average: 4.33%
Algo Trading
Algo Trading chart

During the 7 Days forecasted period several picks in the Utilities Stocks Package saw significant returns. The algorithm has correctly predicted 10 out of 10 returns. The greatest return came from CDZI at 8.78%. PNW and OGS saw outstanding returns of 7.04% and 6.97%. The package itself saw an overall return of 4.33%, providing investors with a 3.16% premium above the S&P 500’s return of 1.17% for the same time 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.