Automotive Stocks Based on Stock Algorithm: Returns up to 17.32% 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 (9/4/2019 – 9/18/2019)
I Know First Average: 7.83%
Automotive Stocks
Automotive Stocks chart

For this 14 Days forecast the algorithm had successfully predicted 10 out of 10 movements. The greatest return came from ALV at 17.32%. SPAR and WNC also performed well for this time horizon with returns of 14.18% and 10.94%, respectively. The Automotive Stock Forecast package had an overall average return of 7.83%, providing investors with a premium of 4.37% over the S&P 500’s return of 3.46%.

Autoliv, Inc. (ALV), through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. It operates through two segments, Passive Safety and Electronics. The company offers a range of products, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, and whiplash protection systems, child seats; and automotive radars, night driving assists, camera-based vision systems, brake controls, positioning systems, electronic control units, and other active safety systems, as well as passive safety electronic products, such as restraint electronics and crash sensors. It primarily serves car manufacturers. The company was founded in 1953 and is headquartered in Stockholm, Sweden.

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.