ETF To Buy Based on Big Data: Returns up to 13.8% in 14 Days
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: 14 Days (12/2/2020 – 12/16/2020)
I Know First Average: 6.62%
The algorithm correctly predicted 10 out 10 of the suggested trades in the ETFs Forecast Package for this 14 Days forecast. The greatest return came from OIH at 13.8%. XOP and XME followed with returns of 13.46% and 8.51% for the 14 Days period. This algorithmic forecast package presented an overall return of 6.62% versus S&P 500’s performance of 1.06% providing a market premium of 5.56%.
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.