ETF To Buy Based on a Self-learning Algorithm: Returns up to 14.74% in 1 Month

ETF To Buy

This ETF To Buy 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: 1 Month (4/23/23 – 5/23/23)
I Know First Average: 2.42%
ETF To Buy
ETF To Buy chart

The algorithm correctly predicted 8 out of 10 the suggested trades in the ETFs Forecast Package for this 1 Month forecast. The top performing prediction from this package was TQQQ with a return of 14.74%. Further notable returns came from QQQ and XLK at 5.29% and 5.2%, respectively. The package saw an overall yield of 2.42% versus the S&P 500’s return of 0.29% implying a market premium of 2.13%.

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.