Best Canadian Stocks Based on Machine Learning: Returns up to 20.98% 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 (7/10/2020 – 7/18/2020)
I Know First Average: 6.33%
Best Canadian Stocks
Best Canadian Stocks chart

The algorithm correctly predicted 8 out 10 of the suggested trades in the Package for this 7 Days forecast. The greatest return came from WFT.TO at 20.98%. Other notable stocks were IFP.TO and CFP.TO with a return of 16.77% and 15.75%. The package had an overall average return of 6.33%, providing investors with a 2.77% premium over the TSX’s return of 3.56% 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.