Buy and Hold Based on Machine Learning: Over 22% Return

Buy and Hold

In today’s post for buy and hold, our fundamental package is one which includes our algorithmic forecasts for stocks answering a number of fundamental criteria. The package includes forecasts with high and low of each of the four basic valuation indicators of quantitative trading based on a self-learning algorithm:

  • P/E (price to earnings ratio)
  • PEG (price/earnings to growth ratio)
  • price-to-book ratio
  • price-to-sales ratio

Our algorithms help you find best opportunities for both long and short positions in stocks within each fundamental screen.

fundamentalsPackage Name: Fundamental – High Price-to-Book Ratio Stocks
Forecast Length: 1 Month (8/19/16– 09/19/16)
I Know First Average: 10.39%

Buy and Hold

8 out of 10 stocks in the long position for this forecast increased as predicted by the algorithm. The highest returning stock was Accelerate Diagnostics, Inc. (AXDX) with an impressive growth of 22.89%. Medivation, Inc. (MDVN) and Clayton Williams Energy, Inc. (CWEI) followed closely returning 20.40% and 20.27%, respectively. The package’s overall growth was 10.39% compared to the S&P 500’s return of -2.19% for the same period. The market premium calculates to 12.58%.

Accelerate Diagnostics, Inc. (AXDX) is an in vitro diagnostic company founded in December 1982 and headquartered in Tuscon, Arizona.  The company develops and commercializes identification and antibiotic susceptibility instruments in the medical field.

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 algorithmic traders.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.