Automotive Stocks Based on Big Data Analytics: Returns up to 32.14% in 7 Days
Automotive Stocks
This Automotive Stocks forecast is designed for investors and analysts who need predictions of the best-performing stocks in the automotive industry (see Automotive Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best auto stocks to trade:
- Top 10 Automotive stocks for the long position
- Top 10 Automotive stocks for the short position
Package Name: Automotive Stock Forecast
Recommended Positions: Long
Forecast Length: 7 Days (9/24/24 – 10/1/24)
I Know First Average: 5.25%
This Automotive Stock Forecast Package forecast has correctly predicted 8 out of 10 stock movements. NIO was the top performing prediction with a return of 32.14%. Other notable stocks were MPAA and BWA with a return of 12.76% and 3.32%. The package had an overall average return of 5.25%, providing investors with a premium of 5.42% over the S&P 500’s return of -0.17% during 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.