European ETFs Based on Data Mining: Returns up to 5.97% in 1 Month
European ETFs
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 ETFs 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 Month (10/6/24 – 11/6/24)
I Know First Average: 1.0%
For this 1 Month forecast the algorithm has successfully predicted 6 out of 10 movements. The top-performing prediction in this forecast was XLPE.MI, which registered a return of 5.97%. Further notable returns came from USEUWH.MI and SPXH.MI at 3.56% and 3.32%, respectively. The package had an overall average return of 1.0%, providing investors with a 3.58% premium over the Euronext 100 return of -2.58% 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.