Best Automotive Stocks Based on Deep-Learning: Returns up to 43.97% 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 (10/21/22 – 11/4/22)
I Know First Average: 14.91%
The algorithm correctly predicted 10 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 MOD, which registered a return of 43.97%. Additional high returns came from IR and ALV, at 17.08% and 14.46% respectively. The package had an overall average return of 14.91%, providing investors with a premium of 12.05% over the S&P 500’s return of 2.86% 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.