Best Canadian Stocks Based on Big Data Analytics: Returns up to 11.11% in 14 Days

Best Canadian Stocks

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

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

Package Name: By Country – Canadian Stocks
Recommended Positions: Long
Forecast Length: 14 Days (09/18/2018 – 10/02/2018)
I Know First Average: 3.05%
Best Canadian Stocks

The algorithm correctly predicted 6 out 10 of the suggested trades in the By Country – Canadian Stocks Package for this 14 Days forecast. ABX.TO was the highest-earning trade with a return of 11.11% in 14 Days. Additional high returns came from LAC.TO and EFN.TO, at 10.94% and 10.43% respectively. The package had an overall average return of 3.05%, providing investors with a 1.85% premium over the S&P 500’s return of 1.20% during the period.

Barrick Gold Corporation (ABX.TO) engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.

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.