ETF Industries Forecast Based on Deep Learning: Returns up to 32.28% in 3 Months
ETF Industries Forecast
This ETF Industries Forecast forecast is part of the ETF Industries Package, as one of I Know First’s quantitative investment solutions. Industry sector ETFs invest in the stocks and securities of specific industry sectors, such as energy, biotechnology, or chemicals. 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: ETF Industries Forecast
Recommended Positions: Long
Forecast Length: 3 Months (6/24/24 – 9/24/24)
I Know First Average: 12.16%
The algorithm correctly predicted 9 out of 10 the suggested trades in the ETF Industries Forecast Package for this 3 Months forecast. The top-performing prediction in this forecast was XTL, which registered a return of 32.28%. Additional high returns came from XHB and RWR, at 19.74% and 15.79% respectively. This algorithmic forecast package presented an overall return of 12.16% versus the S&P 500’s performance of 4.91% providing a market premium of 7.25%.
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.