ETF Forecast Based on Algo Trading: Returns up to 9.22% in 7 Days

ETF Forecast

This forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the top ETFs by screening our database daily using our advanced algorithm. The full ETFs Package includes a daily forecast for a total of 20 ETF with bullish and bearish signals:

  • Top 10 ETFs for the long position
  • Top 10 ETFs for the short position

Package Name: ETFs Forecast
Recommended Positions: Long
Forecast Length: 7 Days (10/20/2019 – 10/28/2019)
I Know First Average: 2.71%
ETF Forecast
ETF Forecast chart

During the 7 Days forecasted period several picks in the ETFs Forecast Package saw significant returns. The algorithm had correctly predicted 10 out 10 returns. The highest trade return came from TQQQ, at 9.22%. Further notable returns came from SSO and QQQ at 3.6% and 3.07%, respectively. The package’s overall average return was 2.71%, providing investors with a 0.93% premium over the S&P 500’s return of 1.78% during the same period.

The ProShares UltraPro QQQ provides 3x leveraged exposure to a modified market-cap-weighted index tracking 100 of the largest nonfinancial firms listed on NASDAQ.

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.