Best Canadian Stocks Based on Algo Trading: Returns up to 12.49% in 7 days

Best Canadian Stocks

This Canadian Stocks forecast is part of the By Country Package, as one of I Know First’s systematic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

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

Package Name: By Country – Canadian Stocks
Recommended Positions: Long
Forecast Length: 7 days (7/14/2019 – 7/22/2019)
I Know First Average: 3.56%
Best Canadian Stocks
Best Canadian Stocks chart

During the 7 days forecasted period several picks in the By Country – Canadian Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. DGC.TO was the top performing prediction with a return of 12.49%. The suggested trades for ELD.TO and EDV.TO also had notable 7 days yields of 12.06% and 8.58%, respectively. The package had an overall average return of 3.56%, providing investors with a 3.37% premium over the TSX’s return of 0.19% 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.