Best Robinhood Stocks Based on Algo Trading: Returns up to 55.7% in 3 Months
Best Robinhood Stocks
This forecast is part of the Robinhood Trades Package, one of I Know First’s algorithmic trading tools. The full investment universe includes the most traded stocks by Robinhood stock trading platform users. Based on it, I Know First AI Algorithm identifies the most promising stocks and produces forecasts that include:
- Top 10 stocks from Robinhood Trades for the long position
- Top 10 stocks from Robinhood Trades for the short position
Package Name: Robinhood Trades
Recommended Positions: Long
Forecast Length: 3 Months (7/9/24 – 10/9/24)
I Know First Average: 6.01%
Several predictions in this 3 Months forecast saw significant returns. The algorithm has correctly predicted 6 out of 10 stock movements. The prediction with the highest return was PLTR, at 55.7%. GE and CCL saw outstanding returns of 15.75% and 15.03%. The Robinhood Trades package had an overall average return of 6.01%, providing investors with a premium of 2.08% over the S&P 500’s return of 3.93%.
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.