Best Hong Kong Stocks Based on Stock Algorithm: Returns up to 18.41% in 1 Month

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: 1 Month (12/28/2018 – 01/28/2019)
I Know First Average: 5.68%
Best Hong Kong Stocks

During the 1 Month forecasted period several picks in the By Country – Hong Kong Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The prediction with the highest return was 1169.HK, at 18.41%. Further notable returns came from 1918.HK and 2382.HK at 15.98% and 12.99%, respectively. The By Country – Hong Kong Stocks package had an overall average return of 5.68%, providing investors with a premium of -0.55% over the S&P 500’s return of 6.23%.

Haier Electronics Group Company Limited is an investment holding company principally engaged in manufacturing and sale of home electric appliances. Along with subsidiaries, the Company operates its business through four segments. The Channel Services Business segment sells and distributes home appliances and other products. In addition, it is also involved in the provision of after-sale and other value-added consumer services. The Washing Machine Business segment is engaged in the manufacture and sales of washing machines, including front-loading washing machines, top-loading washing machines, and condensation dryers, among others. The Water Heater Business segment is engaged in the manufacturing and sale of water heaters, including electric, gas, solar energy and heat pump water heaters. The Logistics Business segment provides logistics services through Gooday Logistics.

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.