Best Automotive Stocks Based on Algo Trading: Returns up to 13.33% in 3 Days

Best 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 Days (9/9/2020 – 9/12/2020)
I Know First Average: 2.14%
Best Automotive Stocks
Best Automotive Stocks chart

The algorithm correctly predicted 8 out 10 of the suggested trades in the Automotive Stock Forecast Package for this 3 Days forecast. NAV was the top performing prediction with a return of 13.33%. Further notable returns came from FCAU and GPC at 5.29% and 3.08%, respectively. The overall average return in this Automotive Stock Forecast package was 2.14%, providing investors with a 1.87% premium over the S&P 500’s return of 0.27% during the same period.

Navistar International Corporation  (NAV) is a US company that manufactures commercial trucks, buses, defense vehicles, and engines. Navistar consists of four operating segments: Truck, Parts, Financial Services, and Global Operations.  The company is headquartered in Lisle, Illinois.

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.