Automotive Stocks Based on Genetic Algorithms: Returns up to 43.55% in 3 Months

September 20, 2023

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: 3 Months (6/19/23 – 9/19/23)
I Know First Average: 2.63%
Automotive Stocks
Automotive Stocks chart

I Know First’s State of the Art Algorithm accurately forecasted 6 out of 10 trades in this Automotive Stock Forecast Package for the 3 Months time period. The top performing prediction from this package was MOD with a return of 43.55%. The suggested trades for NKLA and AN also had notable 3 Months yields of 30.25% and 4.2%, respectively. The package had an overall average return of 2.63%, providing investors with a 1.85% premium over the S&P 500’s return of 0.78% during the 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.

Automotive Stock Forecast