Financial Stocks Based on Genetic Algorithms: Returns up to 66.26% in 1 Year

Financial Stocks

This forecast is designed for investors and analysts who need predictions of Bank Stocks (see Bank Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best financial stocks to trade:

    • Top 10 Bank stocks for the long position
    • Top 10 Bank stocks for the short position

Bank Stock Forecast
Package Name: Bank Stocks
Recommended Positions: Long
Forecast Length: 1 Year (06/29/2018 – 07/02/2019)
I Know First Average: 13.41%
Financial Stocks

The algorithm correctly predicted 7 out 10 of the suggested trades in the Bank Stocks Package for this 1 Year forecast. OFG was the highest-earning trade with a return of 66.26% in 1 Year. Additional high returns came from WRLD and MMC, at 48.05% and 24.52% respectively. The package had an overall average return of 13.41%, providing investors with a 3.96% premium over the S&P 500’s return of 9.45% during the period.

OFG Bancorp (OFG), a financial holding company, provides various banking and financial services primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury.

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.