Best ETF To Buy Based on Predictive Analytics : Returns up to 34.43% in 1 Month

Best ETF To Buy

This forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the top 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: 1 Month (8/4/2019 – 9/4/2019)
I Know First Average: 5.53%
Best ETF To Buy
Best ETF To Buy chart

The algorithm correctly predicted 7 out 10 of the suggested trades in the ETFs Forecast Package for this 1 Month forecast. The top performing prediction from this package was NUGT with a return of 34.43%. GDX and GDXJ also performed well for this time horizon with returns of 11.45% and 8.39%, respectively. The overall average return in this ETFs Forecast package was 5.53%, providing investors with a 5.33% premium over the S&P 500’s return of 0.2% during the same period.

The investment fund, (NUGT), seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index.

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.