Best Canadian Stocks Based on Big Data Analytics : Returns up to 12.84% in 7 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 & Short
Forecast Length: 7 Days (05/12/2019 – 05/19/2019)
I Know First Average: 2.34% (Long) & 2.49% (Short)
Best Canadian Stocks

During the 7 Days forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from CFP.TO which registered a return of 12.43%. For the long positions the largest growth was registered by AC.TO with a return of 12.84%, during the same period. The package itself, had an overall average return of 2.34%, in the long position, providing a premium of 3.10% over the TSX’s return of -0.76%. With regards to the short position, the package had an overall average return of 2.49%, providing investors with a premium of 1.85% over TSX’s return of 0.64%. The I Know First’s Stock Market Algorithm accurately forecasted 7 out of 10 stocks, for the long position, and 7 out of 10 stocks, for the short position for this 7 Days forecasted period.

Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Its mainline operates a fleet of approximately 170 aircraft, including Airbus narrow-body aircraft, over 70 Boeing and Airbus wide-body aircraft, and approximately Embraer 190 regional jets. Air Canada rouge operates a fleet of approximately 50 aircraft comprising over 20 Airbus A319 aircraft, five Airbus A321 aircraft and approximately 20 Boeing 767-300 aircraft. Through the 28-member airline network, it offers flights to approximately 1,300 destinations in over 190 countries. Air Canada Altitude recognizes and rewards Aeroplan loyalty program members with a range of travel privileges and benefits corresponding to their travel activity, such as priority check-in, complimentary checked baggage and upgrades to business class.

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

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.