ETF Forecast Based on Algorithmic Trading: Returns up to 22.1% in 3 Days

April 26, 2020

ETF Forecast

This ETF 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 ETFs 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: 3 Days (4/22/2020 – 4/25/2020)
I Know First Average: 7.94%
ETF Forecast
ETF Forecast chart

9 out of 10 stock prices in this forecast for the ETFs Forecast Package moved as predicted by the algorithm. NUGT was the top performing prediction with a return of 22.1%. The suggested trades for TQQQ and GDXJ also had notable 3 Days yields of 13.36% and 12.04%, respectively. The package had an overall average return of 7.94%, providing investors with a 4.28% premium over the S&P 500’s return of 3.66% during the period.

The investment fund, (NUGT), seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index.

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.

ETF's Forecast