Best Automotive Stocks Based on Algorithmic Trading: Returns up to 14.17% in 14 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: 14 Days (11/3/21 – 11/17/21)
I Know First Average: 6.24%
Best Automotive Stocks
Best Automotive Stocks chart

The algorithm correctly predicted 9 out of 10 the suggested trades in the Automotive Stock Forecast Package for this 14 Days forecast. The top-performing prediction in this forecast was WNC, which registered a return of 14.17%. F and TTM followed with returns of 10.83% and 9.98% for the 14 Days period. With these notable trade returns, the package itself registered an average return of 6.24% compared to the S&P 500’s return of 1.25% for 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.