Canadian Stocks Based on Deep Learning: Returns up to 12.33% in 3 Days
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
Forecast Length: 3 Days (01/13/2019 – 01/16/2019)
I Know First Average: 2.03%
Several predictions in this short-term 3 Days forecast saw significant returns. The algorithm had correctly predicted 8 out 10 stock movements. FM.TO was the top performing prediction with a return of 12.33%. ARX.TO and ECA.TO saw outstanding returns of 3.16% and 1.79%. With these notable trade returns, the package itself registered an average return of 2.03% compared to the S&P 500’s return of 0.76% for the same period.
First Quantum Minerals Ltd. (FM:TO) explores for, mines, and produces copper cathode, copper in concentrate, and gold. The Company also produces sulfuric acid.
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.