Best Automotive Stocks Based on Machine Learning: Returns up to 24.87% 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 (1/16/24 – 2/16/24)
I Know First Average: 8.42%
Best Automotive Stocks
Best Automotive Stocks chart

During the 1 Month forecasted period several picks in the Automotive Stock Forecast Package saw significant returns. The algorithm has correctly predicted 10 out of 10 returns. The prediction with the highest return was MOD, at 24.87%. Other notable stocks were IR and HOG with a return of 15.56% and 11.0%. The package had an overall average return of 8.42%, providing investors with a 3.78% premium over the S&P 500’s return of 4.64% during the 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.