Best Canadian Stocks Based on Big Data Analytics: Returns up to 18.52% 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 top Canadian 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 (6/20/21 – 6/28/21)
I Know First Average: 3.44%
Best Canadian Stocks
Best Canadian Stocks chart

The algorithm correctly predicted 6 out 10 of the suggested trades in the By Country – Canadian Stock Package for this 7 Days forecast. The top performing prediction from this package was BBDb.TO with a return of 18.52%. The suggested trades for NVA.TO and PD.TO also had notable 7 Days yields of 13.41% and 7.15%, respectively. The package had an overall average return of 3.44%, providing investors with a 2.71% premium over the TSX’s return of 0.73% 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.