Best Canadian Stocks Based on Stock Algorithm: Returns up to 10.55% 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 (06/09/2019 – 06/16/2019)
I Know First Average: 4.36% (Long) & 3.16% (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 PEY.TO which registered a return of 10.55%. For the long positions the largest growth was registered by DOO.TO with a return of 9.43%, during the same period. The package itself, had an overall average return of 4.36%, in the long position, providing a premium of 3.89% over the TSX’s return of 0.47%. With regards to the short position, the package had an overall average return of 3.16%, providing investors with a premium of 2.72% over TSX’s return of 0.44%. The I Know First’s Stock Market Algorithm accurately forecasted 9 out of 10 stocks, for the long position, and 8 out of 10 stocks, for the short position for this 7 Days forecasted period.

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta. It operates in over three areas, such as the Greater Sundance, Northern Area and Brazeau River areas of Alberta. The Greater Sundance area is located approximately 50 kilometers west of Edson, Alberta, from Township 50-56 and Range 19-24 west of the fifth meridian. The Northern Area includes producing properties in regions, including Smoky, Kakwa, Chime, Kiskiu, Chicken and Cutbank and it covers Townships 57-64 and Ranges 2-7 west of the sixth meridian. The Brazeau River area is located over 180 kilometers southwest of Edmonton, Alberta, from Township 41-44 and Range 12-13 west of the fifth meridian.

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.