Best Canadian Stocks Based on Big Data Analytics: Returns up to 65.59% in 1 Year
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: 1 Year (10/15/23 – 10/15/24)
I Know First Average: 30.95%
9 out of 10 stock prices in this forecast moved as predicted by the algorithm. The greatest return came from CIGI.TO at 65.59%. Other notable stocks were SHOP.TO and CSH_u.TO with a return of 60.41% and 47.62%. The package had an overall average return of 30.95%, providing investors with a 5.38% premium over the TSX’s return of 25.57% 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.