Best Automotive Stocks Based on Algo Trading: Returns up to 32.12% in 3 Months

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 Months (2/2/24 – 5/3/24)
I Know First Average: 7.86%
Best Automotive Stocks
Best Automotive Stocks chart

During the 3 Months forecasted period several picks in the Automotive Stock Forecast Package saw significant returns. The algorithm has correctly predicted 9 out of 10 returns. MOD was our best stock pick with a return of 32.12%. Additional high returns came from GM and IR, at 14.92% and 13.25% respectively. The Automotive Stock Forecast package had an overall average return of 7.86%, providing investors with a premium of 3.34% over the S&P 500’s return of 4.52%.

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.