Algorithmic Trading Based on Big Data Analytics: Returns up to 8.41% in 7 Days

Algorithmic Trading

This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 Italian stocks with bullish and bearish signals:

  • Top 10 Italian stocks for the long position
  • Top 10 Italian stocks for the short position

Package Name: By Country – Italian Stocks
Recommended Positions: Long
Forecast Length: 7 Days (04/07/2019 – 04/15/2019)
I Know First Average: 2.60%
Algorithmic Trading

During the 7 Days forecasted period several picks in the By Country – Italian Stocks Package saw significant returns. The algorithm had correctly predicted 10 out 10 returns. The prediction with the highest return was UBI.MI, at 8.41%. Further notable returns came from BRBI.MI and FCHA.MI at 4.48% and 4.17%, respectively. The package had an overall average return of 2.60%, providing investors with a 1.99% premium over the FTSE MIB’s return of 0.61% during the period.

Unione di Banche Italiane SpA is an Italy-based holding company engaged in the governance, control, coordination and support of Unione di Banche Italiane Group. Its activities are divided into three business segments. The Banking sector comprises of nine network banks of the Group, including IW Bank SpA, Banque de Depots et de Gestione SA and UBI International SA. The Non-banking financial sector includes Centrobanca SpA, Ubi Leasing SpA, Ubi Factor SpA, Ubi Pramerica SGR SpA, Banca 24-7 SpA, Silf SpA, Prestitalia SpA, Ubi Fiduciaria SpA and UBI Gestioni Fiduciarie SIM SpA. The Corporate Centre segment comprises UBI Banca Scpa and Ubi Sistemi e Servizi Scpa, among others. Is is engaged in the corporate banking, consumer credit, asset management, factoring, leasing, bancassurance sectors, among others. It operates through Banca Marche, Banca Etruria, CariChieti, Nuova Banca delle Marche Spa, Nuova Cassa di Risparmio di Chieti SpA and Nuova Banca dell Etruria e del Lazio SpA.

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.