European ETFs Based on Genetic Algorithms: Returns up to 6.47% in 7 Days

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: 7 Days (8/29/23 – 9/5/23)
I Know First Average: 2.35%
European ETFs
European ETFs chart

10 out of 10 stock prices in this forecast for the European ETFs Forecast Package moved as predicted by the algorithm. CNHI.MI was the top performing prediction with a return of 6.47%. LCOP.MI and EUS3.MI also performed well for this time horizon with returns of 4.25% and 3.01%, respectively. The package had an overall average return of 2.35%, providing investors with a 2.67% premium over the Euronext 100 return of -0.32% 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.