Canadian Stocks

This Canadian Stocks forecast is part of the By Country Package, as one of I Know First’s systematic trading tools. The full forecast includes daily predictions for a total of 20 top Canadian stocks with bullish and bearish signals:

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

Package Name: By Country – Canadian Stocks
Recommended Positions: Long
Forecast Length: 1 Year (5/31/20 – 6/1/21)
I Know First Average: 116.4%

The algorithm correctly predicted 10 out 10 of the suggested trades in the By Country – Canadian Stocks Package for this 1 Year forecast. FM.TO was our best stock pick this week a return of 270.01%. IFP.TO, and BB.TO had notable returns of 254.74% and 117.5%. The package had an overall average return of 116.4%, providing investors with a 84.92% premium over the TSX’s return of 31.48% during the period.

First Quantum Minerals Ltd. (FM:TO) explores for, mines, and produces copper cathode, copper in concentrate, and gold. The Company also produces sulfuric acid.

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.