Best ETF To Buy Based on Machine Learning: Returns up to 52.56% in 3 Months
Best ETF To Buy
This ETF forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the best ETF to buy 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 Months (11/17/2019 – 2/18/2020)
I Know First Average: 12.99%
In this 3 Months forecast for the ETFs Forecast Package, there were many high performing trades and the algorithm correctly predicted 10 out 10 trades. The top performing prediction from this package was TQQQ with a return of 52.56%. SSO and QQQ saw outstanding returns of 16.47% and 15.68%. The package itself saw an overall return of 12.99%, providing investors with a 4.98% premium above the S&P 500’s return of 8.01% for the same time period.
The ProShares UltraPro QQQ provides 3x leveraged exposure to a modified market-cap-weighted index tracking 100 of the largest nonfinancial firms listed on NASDAQ.
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.
