Best Automotive Stocks Based on Big Data Analytics: Returns up to 21.78% 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 (1/22/24 – 2/22/24)
I Know First Average: 6.63%
Best Automotive Stocks
Best Automotive Stocks chart

In this 1 Month forecast for the Automotive Stock Forecast Package, there were many high performing trades and the algorithm correctly predicted 8 out of 10 trades. The highest trade return came from MOD, at 21.78%. Additional high returns came from IR and GM, at 15.1% and 10.79% respectively. The Automotive Stock Forecast package had an overall average return of 6.63%, providing investors with a premium of 1.52% over the S&P 500’s return of 5.11%.

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.