European Stock Market: Up To 46.84% Return In 7 Days
European Stock Market
This forecast is part of the “By Region” package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:
- Top ten European stocks picks to long
- Top ten European stocks picks to short
Package Name: “By region” Package – European Forecast
Forecast Length: 7 Days (8/27/2015 – 9/3/2015)
I Know First Average: 7.16%
The top performing stock from the 7 days “By region” Package (Europe) forecast from 8/27/2015 was MTL. It had an outstanding return of 46.84% during the predicted time horizon. Other stocks with notable returns were DTE.DE and IWRD.AS. They had noteworthy returns of 6.31% and 5.16% respectively in just 7 days, as 9 of the 10 stocks increased in accordance with the algorithm’s prediction. The I Know First average return from the forecast was 7.16%, which offered a clear advantage to investors over the S&P 500 return of 0.55% during the same time period.
Mechel OAO (MTL), together with its subsidiaries, engages in mining and steel businesses in the Russian Federation, the Commonwealth of Independent States, Europe, Asia, the Middle East, and internationally. The Russian miner has signed a debt-restructuring deal worth $1.4 billion and 33.7 billion roubles ($506.38 million) with its largest creditor, Gazprombank, the company said last Monday. “The loan agreements set the grace period on the body of the loan until April 2017 with repayment to be made in monthly instalments until April 2020,” Mechel said in a statement.
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 algorithmic traders.
