Best Short Term Stocks Based on Self-Learning Algorithms: Up to 24.56% Return in 7 Days

Best Short Term Stocks

This forecast is part of the “Risk-Conscious” package, as one of I Know First’s quantitative investment solutions. We determine our aggressive stock picks by screening our database daily for higher volatility stocks that present more opportunities, but are also more risky. The full Risk-Conscious Package includes a daily forecast for a total of 40 stocks with four main categories:

  • top ten aggressive stocks picks that best fit for long position
  • top ten aggressive stocks picks that best fit for short position
  • top ten conservative stocks picks that best fit for long position
  • top ten conservative stocks picks that best fit for short position

Package Name: Risk-Conscious
Forecast Length: 7 days (09/06/2015 – 10/06/2015)
I Know First Average: 15.71%
Best Short Term Stocks

In the I Know First’s 7-day forecast from the Risk-Conscious package ten out of the ten stocks increase in accordance with the algorithm’s prediction. ATI performed well, returning 24.56% during the time horizon as the algorithm indicated. Likewise, CLF and BGC were also included in the top 10 picks of the Aggressive Stocks forecast and had strong returns of 23.01% and 21.04% over 7 days. The average return of 15.71% during the forecasted time horizon outperformed the S&P 500 return of 5.93% during the same time.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Company’s standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate.  Despite having a strong week, Allegheny has struggled quite a bit recently, by dropping 26% in September. The reason for Allegheny decline, is that they’ve in spending mode, during a time where there has a global oversupply of steel crimping prices across the industry.

Algorithmic traders utilise 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 algorithmic traders.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. Get today’s forecast