ETF To Buy Based on Deep Learning: Returns up to 95.98% in 3 Months
ETF To Buy
This forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the ETF to buy 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: 3 Months (6/5/2019 – 9/5/2019)
I Know First Average: 16.53%
During the 3 Months forecasted period several picks in the ETFs Forecast Package saw significant returns. The algorithm had correctly predicted 9 out 10 returns. NUGT was the top performing prediction with a return of 95.98%. Additional high returns came from TQQQ and FAS, at 27.08% and 13.32% respectively. The package itself saw an overall return of 16.53%, providing investors with a 10.37% premium above the S&P 500’s return of 6.16% for the same time period.
The investment fund, (NUGT), seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index.
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.
