I Know First Algorithm Review: August 16th 2016

I Know First Algorithm Review

I Know First Algorithm Review

The stocks selected here are the top performing stocks from I Know First: Daily Market Forecast’s August 16th, 2016 stock forecast titled “Long-Term Stock Picks Based on Big Data: Earning up to 200.1% in 3 Months

This forecast is part of the “Small Caps Forecast” package, as one of I Know First’s quantitative investment solutions. The “I Know First Average” return was 46.82% over 3 Months versus the S&P 500’s return of 7.01% over the same time period.

Algorithm Review

Learn how to read the predictions: Instructions

Learn how to strategize with the forecast: Algorithmic Trading Strategies 

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

Coeur Mining, Inc (CDE)

cde

Signal: 267.75

Predictability: 0.44

Return: 85.97%

Coeur Mining, Inc. is a company that mines precious metals. It is the world’s largest primary silver producer and as well as a major producer of low-cost gold. Its main office is located in Coeur d’Alene, Idaho. The company had a signal strength of 267.75 and a predictability indicator of 0.44. As predicted by the I Know First algorithm, the stock price skyrocketed 85.97%. This increase is due to the soaring prices of silver and gold.

TransDigm Group Incorporated (TDG)  

tdgSignal: 246.99

Predictability: 0.51

Return: 14.62%

TransDigm Group Incorporated develops, distributes and manufactures commercial and military aerospace components such as mechanical actuators and ignition systems. The company had a signal strength of 246.99 and a predictability indicator of 0.51. In accordance with the algorithm’s prediction, the stock price increased 14.62%.

Dawson Geophysical Company (DWSN)

dwsnSignal: 242.15

Predictability: 0.57

Return: 25.56%

Dawson Geophysical Company provides onshore seismic data acquisition services in the continental United States and Canada. The company acquires and processes 2-D, 3-D, and multi-component seismic data for its clients, including oil and gas companies, and independent oil and gas operators, as well as providers of multi-client data libraries. The company had a signal strength of 242.15 and a predictability indicator of 0.57. The I Know First algorithm accurately predicted a positive return of 25.56%.

Gol Linhas Aéreas Inteligentes S.A (GOL)

golSignal: 205.05

Predictability: 0.5

Return: 134.53%

Gol Linhas Aéreas Inteligentes S.A. is the largest low-cost airline in South America and the second largest Brazilian airline company by market share and fleet size. The company had a signal strength of 205.05 and a predictability indicator of 0.5. As predicted by the I Know First algorithm, the stock price skyrocketed 134.53%. This can be attributed to the sale which looks imminent as Brazil lifts its restriction on foreign ownership.

Denbury Resources Inc (DNR)

dnrSignal: 197.71

Predictability: 0.52

Return: -19.74%

Founded in 1951, Denbury Resources Inc. is a company that engages in the exploration and production of natural gases and petroleum. The company had a signal strength of 197.71 and a predictability indicator of 0.52. The I Know First algorithm accurately predicted a negative return of -19.74%. The Company plans to issue its financial and operating results prior to the market opening.

Contango Oil & Gas Company (MCF)

mcfSignal: 170.29

Predictability: 0.51

Return: -19.92%

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the offshore shallow waters of the Gulf of Mexico and in the United States. The company had a signal strength of 170.29 and a predictability indicator of 0.51. The I Know First algorithm accurately predicted a negative return of -19.92%. This can be attributed to the agreement to acquire a stake in the Southern Delaware Basin (Texas). It said the acquisition would cost it $25 million, with initial payment being $10 million.

Medivation (MDVN)

mdvnSignal: 166.5

Predictability: 0.3

Return: 6.75%

Medivation is an American biopharmaceutical company focused on rapid development of novel therapies to treat serious diseases for which there are limited treatment options. The company had a signal strength of 166.5 and a predictability indicator of 0.3. In accordance with the algorithm’s prediction, the stock price increased 6.75%.

Clayton Williams Energy, Inc. (CWEI)

cweiSignal: 164.32

Predictability: 0.44

Return: 200.1%

Clayton Williams Energy, Inc., an independent oil and gas company, explores for, and develops and produces oil and natural gas primarily in Texas and New Mexico. CWEI has a signal strength of 164.32 and predictability of 0.44. I Know First’s algorithm accurately predicted an increase of 200.1%. This can be attributed to the fact that American oil producers reduced their Production Costs because of OPEC Glut Pressure.

Ceragon Networks Ltd. (CRNT)

crntSignal: 162.23

Predictability: 0.35

Return: 56.95%

Ceragon Networks Ltd. provides high-capacity microwave Ethernet and TDM wireless backhaul to wireless service providers as well as private businesses. CRNT has a signal strength of 162.23 and predictability of 0.35. I Know First’s algorithm accurately predicted an increase of 56.95%.

Keryx Biopharmaceuticals, Inc (KERX)

kerxSignal: 159.93

Predictability: 0.49

Return: –16.6%

Keryx Biopharmaceuticals, Inc., a biopharmaceutical company, focuses on providing therapies for patients with renal disease in the United States. The company had a signal strength of 159.93 and a predictability indicator of 0.49. KERX had a negative return of – 16.6%.


Business Disclosure: I Know First Research is the analytic branch of I Know First, a financial startup company that specializes in quantitatively predicting the stock market. We did not receive compensation for this article, and we have no business relationship with any company whose stock is mentioned in this article