Best Automotive Stocks Based on Algorithmic Trading: Returns up to 37.21% 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 (1/26/24 – 2/27/24)
I Know First Average: 6.14%
I Know First’s State of the Art Algorithm accurately forecasted 7 out of 10 trades in this Automotive Stock Forecast Package for the 1 Month time period. MOD was the top performing prediction with a return of 37.21%. Other notable stocks were IR and WNC with a return of 14.04% and 9.25%. The overall average return in this Automotive Stock Forecast package was 6.14%, providing investors with a 2.38% premium over the S&P 500’s return of 3.76% 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.