Canadian Stocks Based on Artificial Intelligence: Returns up to 13.86% in 14 Days
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 & Short
Forecast Length: 14 Days (7/30/2019 – 8/13/2019)
I Know First Average: 4.6% (Long) & 9.05% (Short)
During the 14 Days forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from ECA.TO which registered a return of 8.49%. For the long positions the largest growth was registered by DGC.TO with a return of 13.86%, during the same period. The package itself, had an overall average return of 4.6%, in the long position, providing a premium of 7.73% over the SP500’s return of -3.13%. With regards to the short position, the package had an overall average return of 9.05%, providing investors with a premium of 9.91% over S&P500’s return of -0.86%. The I Know First’s Stock Market Algorithm accurately forecasted 9 out of 10 stocks, for the long position, and 9 out of 10 stocks, for the short position for this 14 Days forecasted period.
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
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.