I Know First Developed a Short-Term Algorithm to Predict Financial Markets with 42% Return in the Last Six Months (Press Release 7.28)

Press Release

FinTech company “I Know First” developed a short-term algorithm to predict financial markets with 42% return in the last six months.

I Know First

FOR IMMEDIATE RELEASE:

Tel Aviv, Israel, July 28th, 2016– FinTech company “I Know First” developed a short-term algorithm to predict financial markets with 42% return in the last six months.

 

I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, adaptable, self-learning algorithm. The company’s algorithm predicts over 3,000 securities (and growing) with capabilities to discover patterns in large sets of historical stock market data.

“I Know First” developed a new short-term algorithm to predict financial markets specifically for short spans of time, periods of up to one week. The short term signals of I Know First’s proprietary algorithm can be successfully utilized besides their application for better timing of the mid and long term investments. A variety of rules based on those can be developed for more frequent trades execution and rebalancing.

According to Dmitry Neginsky, a research analyst for I Know First, “A high predictability level and signal strength are key factors for the most intuitive approach of selecting the highest ranked stocks. However, there can be several ways of integrating a trend or mean reversion logic into the selection process as well.”

On the S&P 500 stocks universe, the short-term model has generated an alpha of up to 34% in comparison to the S&P 500 benchmark index, keeping the beta below 1.0 since the launch of the model in January 2016. The overall return in the period January 7th 2016 – July 15th 2016 ranges between 19.8% and 42.6% while the S&P 500 increased by 8.6%.

Press Release 7.28

The algorithm was developed by I Know First co-founder and CTO Dr. Lipa Roitman. Dr. Roitman holds a Ph.D. from the Weizmann Institute of Science and has over 20 years of experience in the artificial intelligence field. Dr. Roitman leads I Know First’s Research & Development team to further develop and enhance the algorithm.

CEO Yaron Golgher describes the algorithm as “An advanced short term algorithm that is designed for family offices, wealth management firms, as well as for hedge funds.”

For more information, visit I Know First.

CONTACT:

Email Address: [email protected]

http://Iknowfirst.com