Black Box Trading: Return Up to 32.62% in 1 Month

Black Box Trading

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 1 month (12/27/2015 – 01/27/2016)
I Know First Average: 17.55%

Black Box Trading

The algorithm correctly predicted 9 out of 10 stocks in the short position for the Top 10 Stocks forecast from December 27th, 2015. For the 1-month time horizon, WFT was the top performing stock bringing a return of 32.62%. Stocks AA and CHK followed WFT with individual returns of 31.23% and 26.29%. I Know First investors who invested evenhandedly in this package saw an average return of 17.55% in 1 month, compared to the S&P 500’s -8.64% return for the same time period.

Weatherford International plc (WFT) is an international provider of equipment used for the drilling, evaluating, completing, producing and intervening of oil and natural gas wells. Oil prices have dropped dramatically in recent months, taking a devastating toll on gas and oil production companies. Analysts are noting that the health of companies like Weatherford Int’l will rely on a sustainable rally in oil prices.

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.