Best Bank Stocks Based on Data Mining: Returns up to 24.15% in 3 Months
Best Bank Stocks
This forecast is designed for investors and analysts who need predictions of Bank Stocks (see Bank Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:
- Top 10 Bank stocks for the long position
- Top 10 Bank stocks for the short position
Package Name: Bank Stock Forecast
Recommended Positions: Long
Forecast Length: 3 Months (6/3/24 – 9/3/24)
I Know First Average: 9.24%
For this 3 Months forecast the algorithm has successfully predicted 10 out of 10 movements. The top performing prediction from this package was JLL with a return of 24.15%. The suggested trades for RM and EVR also had notable 3 Months yields of 18.4% and 17.04%, respectively. The package’s overall average return was 9.24%, providing investors with a 4.48% premium over the S&P 500’s return of 4.76% 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.