Automotive Stocks Based on Data Mining: Returns up to 65.74% in 1 Month
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: 1 Month (7/17/22 – 8/17/22)
I Know First Average: 28.54%
The algorithm correctly predicted 9 out of 10 the suggested trades in the Automotive Stock Forecast Package for this 1 Month forecast. RMBL was the top performing prediction with a return of 65.74%. Further notable returns came from MOD and KWR at 52.26% and 44.6%, respectively. With these notable trade returns, the package itself registered an average return of 28.54% compared to the S&P 500’s return of 10.64% 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.