European ETF Based on Data Mining: Returns up to 14.72% in 3 Days

European ETF

This 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 European ETF ETFs with bullish and bearish signals:

  • Top 10 European ETFs for the long position
  • Top 10 European ETFs for the short position

Package Name: European ETFs Forecast
Recommended Positions: Long
Forecast Length: 3 Days (12/31/2019 – 1/3/2020)
I Know First Average: 3.3%
European ETF
European ETF chart

For this 3 Days forecast the algorithm had successfully predicted 9 out of 10 movements. The prediction with the highest return was LLEA.MI, at 14.72%. LPLA.MI and LBUL.MI also performed well for this time horizon with returns of 6.32% and 4.85%, respectively. The package had an overall average return of 3.3%, providing investors with a 2.36% premium over the Euronext 100 return of 0.94% 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.