European ETFs Based on Pattern Recognition: Returns up to 12.45% 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 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 (7/14/2020 – 7/21/2020)
I Know First Average: 3.69%
Several predictions in this 7 Days forecast saw significant returns. The algorithm had correctly predicted 8 out 10 stock movements. The prediction with the highest return was LLEA.MI, at 12.45%. XLDX.MI and LPET.MI saw outstanding returns of 5.72% and 5.55%. The package had an overall average return of 3.69%, providing investors with a 2.72% premium over the Euronext 100 return of 0.97% 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.