European ETF Based on Machine Learning: Returns up to 3.95% 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 & Short
Forecast Length: 3 Days (9/23/2020 – 9/26/2020)
I Know First Average: 1.95% (Long) & 10.49% (Short)
European ETF
European ETF chart
European ETF chart
During the 3 Days forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from LEMU.MI which registered a return of 1.57%. For the long positions the largest growth was registered by SCOP.MI with a return of 3.95%, during the same period. The package itself, had an overall average return of 1.95%, in the long position, providing a premium of 2.47% over the Euronext’s return of -0.52%. With regards to the short position, the package had an overall average return of 10.49%, providing investors with a premium of 11.06% over Euronext’s return of -0.57%. The I Know First’s Stock Market Algorithm accurately forecasted 10 out of 10 stocks, for the long position, and 10 out of 10 stocks, for the short position for this 3 Days forecasted 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.