ETF Industries Forecast Based on Stock Prediction Algorithm: Returns up to 13.45% in 1 Month
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: 1 Month (8/19/24 – 9/19/24)
I Know First Average: 6.19%
Several predictions in this 1 Month forecast saw significant returns. The algorithm has correctly predicted 10 out of 10 stock movements. The greatest return came from XHB at 13.45%. KRE and RWR had notable returns of 7.31% and 7.16%. The package had an overall average return of 6.19%, providing investors with a 3.32% premium over the S&P 500’s return of 2.87% during the 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.