Best Automotive Stocks Based on Algo Trading: Returns up to 22.93% in 1 Month

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: 1 Month (4/24/2020 – 5/25/2020)
I Know First Average: 12.72%
Best Automotive Stocks
Best Automotive Stocks chart

This Automotive Stock Forecast Package forecast had correctly predicted 10 out of 10 stock movements. The top performing prediction from this package was SPAR with a return of 22.93%. WNC and MTOR followed with returns of 20.46% and 19.91% for the 1 Month period. The Automotive Stock Forecast package had an overall average return of 12.72%, providing investors with a premium of 7.09% over the S&P 500’s return of 5.63%.

Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Emergency Response Vehicles, Fleet Vehicles and Services, and Specialty Chassis and Vehicles.

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.