Best Biotech Stocks Based on Algorithmic Trading: Returns up to 46.49% in 7 Days

Best Biotech Stocks

The BioTech Stocks Package is designed for investors and analysts who need predictions of the best stocks to buy for the whole Biotechnology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to trade:

  • Top 10 Biotech stocks for the long position
  • Top 10 Biotech stocks for the short position

BioTech Stocks
Package Name: Biotech Stocks Forecast
Recommended Positions: Long
Forecast Length: 7 Days (7/12/2020 – 7/20/2020)
I Know First Average: 12.0%
Best Biotech Stocks
Best Biotech Stocks chart

During the 7 Days forecasted period several picks in the Biotech Stocks Forecast Package saw significant returns. The algorithm had correctly predicted 8 out 10 returns. The top performing prediction from this package was NVAX with a return of 46.49%. Further notable returns came from DVAX and OPK at 35.1% and 22.89%, respectively. The package saw an overall yield of 12.0% versus the S&P 500’s return of 2.1% implying a market premium of 9.90%.

Novavax, Inc. (NVAX) is a clinical stage biotechnology company. The Company creates novel vaccines to address a broad range of infectious diseases worldwide using proprietary virus-like particle (VLP) technology.

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.