Best ETF To Buy Based on Deep Learning: Returns up to 17.15% in 1 Month
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: 1 Month (1/19/24 – 2/20/24)
I Know First Average: 5.84%
10 out of 10 stock prices in this forecast for the ETFs Forecast Package moved as predicted by the algorithm. The top performing prediction from this package was FAS with a return of 17.15%. Additional high returns came from TQQQ and SSO, at 8.77% and 7.94% respectively. This algorithmic forecast package presented an overall return of 5.84% versus the S&P 500’s performance of 4.07% providing a market premium of 1.77%.
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.