European ETF Based on Deep Learning: Returns up to 44.89% in 1 Year
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: 1 Year (9/1/23 – 9/2/24)
I Know First Average: 19.28%
9 out of 10 stock prices in this forecast for the European ETFs Forecast Package moved as predicted by the algorithm. XS2L.MI was the top performing prediction with a return of 44.89%. The suggested trades for ITWN.MI and CN1.MI also had notable 1 Year yields of 31.03% and 25.3%, respectively. The package had an overall average return of 19.28%, providing investors with a 8.59% premium over the Euronext 100 return of 10.69% 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.