Turkish Stocks Based on Artificial Intelligence: Returns up to 21.48% in 7 Days

Turkish 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 Turkish stocks with bullish and bearish signals:

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

Package Name: By Country – Turkish Stocks
Recommended Positions: Long
Forecast Length: 7 Days (06/12/2019 – 06/19/2019)
I Know First Average: 3.17%
Turkish Stocks

For this 7 Days forecast the algorithm had successfully predicted 6 out of 10 movements. The highest trade return came from PARSN.IS, at 21.48%. The suggested trades for IDGYO.IS and DOBUR.IS also had notable 7 Days yields of 15.96% and 4.72%, respectively. The package had an overall average return of 3.17%, providing investors with a 1.64% premium over the XU 100 return of 1.53% during the period.

Parsan Makina Parcalari Sanayii AS is a Turkey-based forging and machining company. For the automotive industry, the Company offers rear axle shafts, front axle beams and assemblies, steering knuckles, tie rod arms, hub forgings, gear and transmission shafts, universal joint and flange forgings, engine parts and other products. It also provides components and assemblies for the defense, aerospace and railway industries. Parsan’s production facility has forging, heat treatment, magnetic crack inspection, axle shaft, front axle assembly and sand blasting units. The Company’s products are primarily exported to Germany, the Republic of South Africa, Belgium, Russia, Spain, Hungary, Italy, Czech Republic, Austria, Norway, the Netherlands and Egypt. The Company is a subsidiary of Celik Holding AS.

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.