BlackBerry Stock Forecast: An Algorithmic Analysis

BlackBerry Stock Forecast

I Know First supplies financial services, mainly through stock forecasts via their predictive algorithm. The algorithm incorporates a 15-year database, and utilizes it to predict the flow of money across 2000 markets. The self-learning algorithm uses artificial intelligence, predictive models based on artificial neural networks, and genetic algorithms to predict money movements within various markets.

The algorithm produces a forecast with a signal and a predictability indicator. The signal is the number in the middle of the box. The predictability is the number at the bottom of the box. At the top, a specific asset is identified. This format is consistent across all predictions. The middle number is indicative of strength and direction, not a price target. The bottom number, the predictability, signifies a confidence level.

I Know First recently published a bullish article on Seeking Alpha about BlackBerry. Having explained how I Know First’s algorithm works, it is worthwhile to see if the algorithm agrees with the bullish fundamental analysis of the company. The one-month and three-month forecasts for the stock are included.

blackberry stock forecast

BlackBerry is bullish according to the algorithm for both time horizons. The signal strength for the three-month time horizon is not as strong as that for the 1-month time horizon. The predictabilities are very impressive, indicating that the algorithm has had success predicting the movement of the stock price in the past.

This algorithmic analysis is in accordance with the fundamental analysis of the company, as it will shift its focus away from its devices. Instead, it will work to implement its software in other devices while taking advantage of the growing Internet of Things market, where its security features and current role in the market set the company up well to be a major player.