Best Automotive Stocks Based on Algo Trading: Returns up to 382.62% in 1 Year

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 Year (5/18/23 – 5/18/24)
I Know First Average: 51.55%
Best Automotive Stocks
Best Automotive Stocks chart

For this 1 Year forecast the algorithm has successfully predicted 8 out of 10 movements. MOD was our best stock pick with a return of 382.62%. Additional high returns came from IR and GPI, at 56.95% and 41.72% respectively. The package’s overall average return was 51.55%, providing investors with a 24.03% premium over the S&P 500’s return of 27.52% during the same 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.