Best ETF To Buy Based on Algo Trading: Returns up to 7.48% in 3 Days

Best ETF To Buy

This Best ETF To Buy forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the top ETFs by screening our database daily using our advanced algorithm. The full ETFs Package includes a daily forecast for a total of 20 ETFs with bullish and bearish signals:

  • Top 10 ETFs for the long position
  • Top 10 ETFs for the short position

Package Name: ETFs Forecast
Recommended Positions: Long
Forecast Length: 3 Days (8/12/22 – 8/16/22)
I Know First Average: 3.3%
Best ETF To Buy
Best ETF To Buy chart

Several predictions in this 3 Days forecast saw significant returns. The algorithm has correctly predicted 8 out of 10 stock movements. The top-performing prediction in this forecast was TQQQ, which registered a return of 7.48%. Further notable returns came from FAS and XRT at 6.93% and 5.87%, respectively. The ETFs Forecast package had an overall average return of 3.3%, providing investors with a premium of 0.97% over the S&P 500’s return of 2.33%.

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.