ETF Forecast Based on Machine Learning: Returns up to 15.74% in 7 Days

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: 7 Days (7/16/2020 – 7/23/2020)
I Know First Average: 3.41%
ETF Forecast
ETF Forecast chart

For this 7 Days forecast the algorithm had successfully predicted 8 out of 10 movements. The prediction with the highest return was SLV, at 15.74%. OIH, and TAN had notable returns of 5.85% and 5.29%. The package had an overall average return of 3.41%, providing investors with a premium of 3.13% over the S&P 500’s return of 0.28% during the same 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

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.