Bank Stocks Based on Data Mining: Returns up to 17.84% in 14 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
Package Name: Bank Stock Forecast
Recommended Positions: Long
Forecast Length: 14 Days (11/1/24 – 11/15/24)
I Know First Average: 7.42%
I Know First’s State of the Art Algorithm accurately forecasted 9 out of 10 trades in this Bank Stock Forecast Package for the 14 Days time period. The highest trade return came from SYF, at 17.84%. Additional high returns came from COF and OMF, at 13.73% and 11.72% respectively. The package had an overall average return of 7.42%, providing investors with a 4.53% premium over the S&P 500’s return of 2.89% 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.