Biotech Stocks Based on Deep Learning: Returns up to 66.83% in 3 Months

Biotech Stocks

The BioTech Stocks Package is designed for investors and analysts who need predictions of the best stocks to buy for the whole Biotechnology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best biotech stocks to trade:

  • Top 10 Biotech stocks for the long position
  • Top 10 Biotech stocks for the short position

BioTech Stocks
Package Name: Biotech Stocks Forecast
Recommended Positions: Long
Forecast Length: 3 Months (12/2/20 – 3/2/21)
I Know First Average: 19.87%
Biotech Stocks
Biotech Stocks chart

The algorithm correctly predicted 8 out of 10 of the suggested trades in the Package for this 3 Months forecast. The highest trade return came from NVAX, at 66.83%. Further notable returns came from DVAX and MYGN at 64.26% and 53.43%, respectively. The overall average return in this Biotech Stocks Forecast package was 19.87%, providing investors with a 14.20% premium over the S&P 500’s return of 5.67% during the same period.

Novavax, Inc. (NVAX) is a clinical stage biotechnology company. The Company creates novel vaccines to address a broad range of infectious diseases worldwide using proprietary virus-like particle (VLP) technology.

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.