Best Canadian Stocks Based on Big Data Analytics : Returns up to 12.92% in 3 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: 3 Days (06/02/2019 – 06/05/2019)
I Know First Average: 5.11% (Long) & 2.54% (Short)
Best Canadian Stocks

During the 3 Days forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from ECA.TO which registered a return of 5.75%. For the long positions the largest growth was registered by ELD.TO with a return of 12.92%, during the same period. The package itself, had an overall average return of 5.11%, in the long position, providing a premium of 2.42% over the TSX’s return of 2.69%. With regards to the short position, the package had an overall average return of 2.54%, providing investors with a premium of 1.45% over TSX’s return of 1.09%. The I Know First’s Stock Market Algorithm accurately forecasted 10 out of 10 stocks, for the long position, and 8 out of 10 stocks, for the short position for this 3 Days forecasted period.

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil. The Greece segment includes the Stratoni mine, the Olympias, Skouries, Perama Hill and Sapes projects, and exploration activities in Greece. The Romania segment includes the Certej project and exploration activities in Romania. The Other segment includes operations of the Company’s corporate office and exploration activities in other countries. The Company has operations and ongoing exploration and development projects in Turkey, Greece, Brazil and Romania. Its Operating gold mines include the Kisladag and Efemcukuru mines in Turkey.

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.