Automotive Stocks Based on Genetic Algorithms: Returns up to 23.6% in 14 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: 14 Days (11/10/23 – 11/24/23)
I Know First Average: 8.72%
Automotive Stocks
Automotive Stocks chart

The algorithm correctly predicted 10 out of 10 the suggested trades in the Automotive Stock Forecast Package for this 14 Days forecast. The greatest return came from MPAA at 23.6%. GT and KWR saw outstanding returns of 13.71% and 10.82%. The package itself saw an overall return of 8.72%, providing investors with a 3.84% premium above the S&P 500’s return of 4.88% 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.