Canadian Stocks Prices Prediction

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: 3 Days (12/21/2018 – 12/24/2018)
I Know First Average: 0.99% (Long) & 3.68% (Short)

During the 3 Days forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from ECA.TO which registered a return of 8.00%. For the long positions the largest growth was registered by K.TO with a return of 7.60%, during the same period. The package itself, had an overall average return of 0.99%, in the long position, providing a premium of 5.70% over the SP500’s return of -4.71%. With regards to the short position, the package had an overall average return of 3.68%, providing investors with a premium of 8.39% over S&P500’s return of -4.71%. The I Know First’s Stock Market Algorithm accurately forecasted 5 out of 10 stocks, for the long position, and 9 out of 10 stocks, for the short position for this 3 Days forecasted period.

Encana Corporation, incorporated on January 1, 2006, is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America. The Company operates through three segments: Canadian Operations, USA Operations and Market optimization.

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.