Bank Stocks Based on a Self-learning Algorithm: Returns up to 15.38% in 7 Days

Bank Stocks

This forecast is designed for investors and analysts who need predictions of Bank Stocks (see Bank Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:

  • Top 10 Bank stocks for the long position
  • Top 10 Bank stocks for the short position

Bank Stock Forecast
Package Name: Bank Stock Forecast
Recommended Positions: Long
Forecast Length: 7 Days (12/2/2020 – 12/9/2020)
I Know First Average: 7.08%
Bank Stocks
Bank Stocks chart

Several predictions in this 7 Days forecast saw significant returns. The algorithm had correctly predicted 10 out 10 stock movements. ANH was the top performing prediction with a return of 15.38%. WMC, and WCC had notable returns of 12.26% and 9.27%. This algorithmic forecast package presented an overall return of 7.08% versus S&P 500’s performance of 0.28% providing a market premium of 6.80%.

Anworth Mortgage Asset Corporation operates as a real estate investment trust primarily in the United States. It invests in, finances, and manages leveraged portfolio of residential mortgage-backed securities that are guaranteed by Ginnie Mae, or by agencies or instrumentalities of the federal government, including Fannie Mae and Freddie Mac. The company also invests in non-agency mortgage investments that are guaranteed by a private institution, such as a commercial bank; and other mortgage-related investments consisting of mortgage derivative securities, mortgage warehouse participations, and subordinated interests, as well as in mortgage loans, other investments. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Anworth Mortgage Asset Corporation was founded in 1997 and is headquartered in Santa Monica, California.

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.