Best Hong Kong Stocks Based on Pattern Recognition: Returns up to 15.73% in 3 Days

Best Hong Kong Stocks

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 stocks with bullish and bearish signals:

  • Top 10 Hong Kong stocks for the long position
  • Top 10 Hong Kong stocks for the short position

Package Name: By Country – Hong Kong Stocks
Recommended Positions: Long
Forecast Length: 3 Days (11/27/2018 – 11/30/2018)
I Know First Average: 3.53%
Best Hong Kong Stocks

7 out of 10 stock prices in this forecast for the By Country – Hong Kong Stocks Package moved as predicted by the algorithm. 3333.HK was our best stock pick this week a return of 15.73%. 0059.HK and 0200.HK followed with returns of 12.37% and 6.37% for the 3 Days period. The package saw an overall yield of 3.53% versus the S&P 500’s return of 3.24% implying a market premium of 0.29%.

China Evergrande Group, formerly Evergrande Real Estate Group Limited, is principally engaged in property development. The Company operates its business through four segments: Property Development, Property Investment, Property Management and Other Businesses. The Other Businesses segment is engaged in property construction, the provision of hotel and other property development related services, insurance and fast consuming products business. Through its subsidiaries, the Company is also engaged in mineral water production and food production.

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.