Commodities Forecast: I Know First Commodities Coverage Update

Summary

  • I Know First updated the commodity package which covers 44 commodity indices now.
  • The best performers are the ^BCOMKw (up 40.46% over 7-days) and Nickel (up 196.43% over 1-year).
  • I Know First continues to perfect the AI algorithm and provides Commodity services to both institutional and private customers.
  • I Know First provides an investment strategy for institutional investors that generated a return of 100.18% and exceeded the S&P 500 return by 88.86%.

The algorithm of I Know First tracks and provides forecasting for a broad range of commodity indices to help our clients construct an effective portfolio based on their preferences and investment periods from 3-day to 1-year horizons. Currently, we have updated the commodity forecast package which covers now 44 commodity indices.

(Source: flickr.com)

The Commodity Package is one of I Know First’s quantitative investment solutions. The commodity forecast is determined by screening the database daily using the advanced algorithm.

New Commodities Forecast Performance

Commodity Price Forecast

In this 7 Days forecast for the Commodities Package, there were many high-performing trades and the algorithm correctly predicted 10 out of 10 trades. The top-performing prediction from this package was ^BCOMKW with a return of 40.46%. Further notable returns came from ^BCOMCO and ^BCOMCO2 at 30.91% and 27.77%, respectively. The package had an overall average return of 23.98% during the period.

Commodities Forecast Performance Before Updating

How to interpret these diagrams:

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

I Know First tracks and predicts many different commodities in the figure above we can see an example of how I Know First predicted commodities with strong long signals for the one-year period from 7th March 2021 to 7th March 2022. The algorithm correctly predicted 30 out of 32 trades with an accuracy of 94% and provided an average return of 44.66%. A particular notable result is that of the Nickel with the return of 196.43% in accordance with the I Know First bullish outlook back in March 2021.

The Structure of the Updated Package

I Know First currently generates daily predictions for over 10,500 investments, 89% of the MSCI All Country World Index, and is continuing to expand its coverage. Over the past year following requests from our clients I Know First has expanded its coverage of commodity indexes. As a result, the full list of the different commodity indices that I Know First provides coverage for as part of its daily market forecast:

TickerIndex
^BCOMALBloomberg Aluminum Subindex
^BCOMBOBloomberg Soybean Oil Subindex
^BCOMCCBloomberg Cocoa Subindex
^BCOMCLBloomberg WTI Crude Oil Subindex
^BCOMCL1Bloomberg WTI Crude Oil Subindex 1 M
^BCOMCL1TBloomberg WTI Crude Oil Subindex 1 M
^BCOMCL2Bloomberg WTI Crude Oil Subindex 2 M
^BCOMCL2TBloomberg WTI Crude Oil Subindex 2 M
^BCOMCL3Bloomberg WTI Crude Oil Subindex 3 M
^BCOMCL3TBloomberg WTI Crude Oil Subindex 3 M
^BCOMCL6Bloomberg WTI Crude Oil Subindex 6 M
^BCOMCL6TBloomberg WTI Crude Oil Subindex 6 M
^BCOMCNBloomberg Corn Subindex
^BCOMCN2Bloomberg Corn Subindex 2 Month Forw
^BCOMCOBloomberg Brent Crude Subindex
^BCOMCO1Bloomberg Brent Crude Subindex 1 Mon
^BCOMCO1TBloomberg Brent Crude Subindex 1 Mon
^BCOMCO2Bloomberg Brent Crude Subindex 2 Mon
^BCOMCO2TBloomberg Brent Crude Subindex 2 Mon
^BCOMCO3Bloomberg Brent Crude Subindex 3 Mon
^BCOMCO3TBloomberg Brent Crude Subindex 3 Mon
^BCOMCO6Bloomberg Brent Crude Subindex 6 Mon
^BCOMCO6TBloomberg Brent Crude Subindex 6 Mon
^BCOMCOTBloomberg Brent Crude Subindex Total
^BCOMF1Bloomberg Commodity Index 1 Month Fo
^BCOMFCBloomberg Feeder Cattle Subindex
^BCOMHG1TBloomberg Copper Subindex 1 Month Fo
^BCOMHOBloomberg Heating Oil Subindex
^BCOMKCBloomberg Coffee Subindex
^BCOMKWBloomberg Kansas Wheat Subindex
^BCOMLHBloomberg Lean Hogs Subindex
^BCOMNGBloomberg Natural Gas Subindex
^BCOMNG2Bloomberg Natural Gas Subindex 2 Mon
^BCOMNG2TBloomberg Natural Gas Subindex 2 Mon
^BCOMNG3Bloomberg Natural Gas Subindex 3 Mon
^BCOMNG3TBloomberg Natural Gas Subindex 3 Mon
^BCOMNIBloomberg Nickel Subindex
^BCOMRBTRBloomberg Unleaded Gasoline Subindex
^BCOMSBBloomberg Sugar Subindex
^BCOMZSBloomberg Zinc Subindex
^URAXPDWorld Uranium$
^XNGNATURAL GAS
^XOIOIL INDEX
^CEXS&P CHEMICALS

I Know First Commodities Portfolio

I Know First uses algorithmic outputs from the Commodity package to provide an investment strategy for institutional investors.

(The Investment Result for the period from February 2nd, 2021 to March 8th, 2022)

The investment strategy that was recommended to institutional investors by I Know First accumulated a return of 100.18% that exceeded the S&P 500 return by 88.86%.