I Know First Weekly Review Algorithmic Performance: February 25th, 2021

I Know First
Weekly Newsletter | February 25th, 2021

Good morning, I Know First universe.
We’re happy to share our best article and stock prediction of the week:
  • Top Trade IdeasTop Stocks to Buy Based on Pattern Recognition: Returns up to 362.61% in 1 Month
  • Top Featured Article – OCGN Stock Forecast: COVID-19 Vaccine Enables 1007% Surge to Continue in 2021
Top 10 Stock Picks to Buy Today Based on AI Algorithm + Top 10 Stocks For March 2021

Need To Know First!

  • Options Outlook Based on Genetic Algorithms: Returns up to 72.04% in 3 Days
  • Stock Market Forecast Based on Pattern Recognition: Returns up to 81.46% in 7 Days
  • Stock Market Forecast Based on Predictive Analytics: Returns up to 209.05% in 14 Days
  • Top Stocks to Buy Based on Pattern Recognition: Returns up to 362.61% in 1 Month
  • Best Stocks To Buy Based on Big Data Analytics: Returns up to 54.85% in 3 Months
  • Top Stocks to Buy Based on a Self-learning Algorithm: Returns up to 1044.71% in 1 Year
  • Riot Blockchain (RIOT) Stock returns up to 406.97% since December 24, 2020, following the recent purchase of new equipment will increase the company’s Bitcoin mining hash rate capacity.
  • Novavax (NVAX) Stock returns up to 123.02% since December 8, 2020, as investors believe Novavax is a major competitor for the vaccine from covid-19.
  • Applied Material’s (AMAT) Stock returns up to 93.90% since July 16, 2020, as operating costs are rising due to growth in research and development expenses for future growth.

Weekly Winning Forecasts

3 Days
Options Outlook: 17.48% Average
Momentum Stocks: 72.04% Yield
Insider Trades: 44.74% Return

7 Days
Low P/E Stocks: 25.14% Average
Options Outlook: 110.78% Return
Insider Trades: 65.54% Yield
14 Days
Options Outlook: 57.89% Average
Aggressive Stocks: 213.8% Return
Low P/E Stocks: 209.05% Yield
1 Month
Aggressive Stocks: 362.61% Yield
Implied Volatility: 66.37% Average
Low P/E Stocks: 270.31% Return

3 Months
Implied Volatility: 1300.32% Return
Insider Trades: 1088.83% Yield
Top 10 Stocks: 37.33% Average
1 Year
Aggressive Stocks: 1044.71% Yield
Low P/E Stocks: 1124.3% Return
Insider Trades: 132.8% Average
☆ Top 10 Stocks to Buy Today: Predicting This Week’s Winning Stocks By Using Deep-Learning ☆

Snippets From Our Top Blog Posts For The Week:

Stay Ahead Of The Curve: AI Weekly

Stock Market Prediction: Are Markets As Chaotic As We Think?

The rise of machine learning and the omnipresent AIs poses quite a variety of questions for humanity as it enters the era when everything around has the word “smart” in its name. There are also dozens and dozens of pragmatic things to consider. One of them is the way the AI technology is transforming the financial sector, and here, one of the most difficult, yet most alluring challenges for machine learning is this: can AI be used for stock market prediction with an efficiency that would leave the conventional investment strategies behind? Can AIs beat the stock market?

Wrapping our argument up, and commending the points made in the original article on deep learning and stock price slippage, we can go for an interesting thought experiment and question the very foundation of the issue at hand. That is, do we really want an algorithm, no matter how advanced, to do our finances, or is there a case to be made for human decision-making bolstered by AI capabilities?

Read more.

In the News: AI-Powered Stock Market Predictions Report by i24 News TV Channel

In mid-November 2019 I Know First, a Tel Aviv-based AI stock forecasting company let i24 News TV channel into its offices to shoot a story for the broadcast and cover the latest developments on the proprietary AI algorithm that generates stock market predictions developed by the company. The main subjects of the discussion were the concepts and mechanics behind the predictive algorithm and its application in real-life scenarios, enriched by the recent performance evaluation results. Ben Rubin also discussed how the accuracy of the algorithm is compared against human financial advisers in terms of market forecasting accuracy – hit ratio.

Yaron Golgher, CEO of I Know First, provided significant insights into the current company’s advancements in its technology and future prospects for upcoming products for a wide range of potential clients.

Read more.

Keep Calm & Trust Your Data: AI And Stock Market Irrationality

One of the most common themes you find in many mythologies across the globe is that of order and chaos. Interestingly, a similar theme of rationality versus irrationality can be noted in the modern debate on what makes the stock markets behave the way they do. Here, rationality is one of the assumptions at the core of the Efficient Market Hypothesis (EMH). The key idea of the EMH is that the stock prices fully reflect all the information available to the investors, and all investors are fully rational in their decision-making. There are various implications and consequences here, all stretching beyond the scope of this article and over the horizon, but what matters for now is this idea of investors as cool-headed number-crunching returns generators.

In this day and age, artificial intelligence is one of the buzzwords you hear almost every day. Behind it is a technology that, at least when it comes to its certain subsets, seeks to approximate human cognition through complex statistical mathematics. This, of course, has its own downsides but also opens new opportunities.

Let us take market bubbles, for example – the scenarios in which the price of a stock surges for no specific reason other than investors getting carried away with this particular financial instrument. This is a simplification, of course, but human emotion and psychology is a very important factor in the formation of a bubble. AI algorithms, with their complete lack of emotion, can be quite good at identifying those. For example, an AI trained by an Israel-based company called I Know First has successfully anticipated the Apple bubble of 2012. Using historical data as well as the latest market updates, the AI estimated the point of equilibrium for the stock and warned the company’s clients when the price began to dangerously overshoot it.

Read more.

OCGN Stock Forecast: COVID-19 Vaccine Enables 1007% Surge to Continue in 2021

Ocugen, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of transformative therapies to cure blindness diseases and co-developing Bharat Biotech’s Covaxin vaccine candidate for COVID-19 in the US market. Much of Ocugen’s expected growth prospects now hinge on its ability to obtain emergency use approval of Covaxin in the United States. Thus, investors must be prepared for volatility in Ocugen’s stock price as it moves towards clinical trials. Since December 2020, the company’s share has grown by 1007%.

I take the buy-side on OCGN’s stock because stock holds buy signals from short and long-term moving averages giving a positive forecast. OCGN shares are up more than 1007% since December of 2020. Cooperation with Bharat Biotech provides Ocugen with great opportunities in large deliveries, successful testing of vaccines, and competitiveness with other players, that SWOT analysis shows.

Read More.

MVIS Stock Forecast: LiDAR Sensors Mark The Future

MicroVision, Inc. (NASDAQ: MVIS) is an American company that develops laser scanning technology for projection, 3D sensing, and image capture. This technology allows them to create high-resolution miniature projection displays and LiDAR sensors. In 2020 the stock price rose in total by 556.1% in comparison to a 2.57% rise of the S&P500. The stock continues it sour in 2021 as it already rose by 267.1% against a 4.67% rise of the S&P 500.

As the company nears to completion of the next stage of development of its long-range lidar sensors, along with the company’s potential strategic transaction, it’s reasonable to expect high growth in sales and revenue. In accordance with the growth in revenue, I expect the stock price to increase as well. My estimate of the stock target price ranges of $30-$40 which makes it a 50-100% difference from the current price.

Read More.

Want to learn more?

Letter from the CEO

Dear clients,

In the last months, we saw something peculiar in the stock market. Since the end of 2020, Russell 2000 and Nasdaq are outperforming S&P 500. As we can see here, Nasdaq and Russell are increasing their value in a higher percentage than the S&P 500, even though both of the performances are correlated. For I Know First, this means great opportunities for investments.

Talking about Russell 2000, our AI predicted correctly 9 out of 10 stock prices in a 14 days timeframe. While the package average, 34.75%, was 12 times higher than the S&P 500, the algorithm forecasted the 102.78% return from ZON. Good performances were also seen in different time horizons. In a 1-month package, we saw outstanding returns of 92.16% and 62.4% from REI and SIFY respectively, while the pack average was 42.29%, providing investors with a 38.62% premium over the S&P 500’s return of 3.67% during the same period. But it was in the 3 months time horizon the most significant return. The AI predicted the 319.89% return from LXRX, while the package average was an incredible 106.42%!

And it was not only in Russell 2000 that our algorithm identified investment opportunities. Nasdaq stocks were predicted correctly in our 1-month timeframe Tech Stocks Package. SIFY gave investors a 75.62% return, while the package average was 20.07%, almost five times higher than the S&P 500 in the same period. In our Tech Giants Stocks package, good investments were also shown. The greatest return came from TDC at 69.38%, while AMAT and NVDA saw outstanding returns of 16.93% and 15.81%. Our AI predicted correctly the stock movement for all 10 stocks in the package.

In other news, Bitcoin is still increasing its value. This week, its market cap surpassed 1 trillion dollars for the first time ever. Along with Bitcoin, other cryptocurrencies increased their values recently. For a 7 days timeframe, our cryptocurrencies package profit amid this increase, giving our clients an incredible hit-ratio of 100%! The same hit-ratio was seen in a longer time horizon, from our 1-month package. This package also gave the investors a 597.84% return that invested in BNB/USD.

Talking about cryptocurrencies, we must highlight the notable returns from RIOT and MARA. Our algorithm identified the potential in advance and provided an excellent return to our clients. In our Options package, we saw RIOT and MARA giving a 58.08% and a 24.55% yield respectively. In another package, the Low P/E Stocks, both stocks returned highly: 209.05% from RIOT and 89.82% from MARA.

All these opportunities were identified previously from our algorithm and gave investors a huge potential to boost their portfolios. You can check here for today’s forecast or click here to receive daily predictions from cryptocurrencies.

Warmest Regards

Yaron Golgher, Co-Founder and CEO
Q&A With I Know First
I Know First’s Daily Market Forecasts And How to Interpret the Numbers
Q. What are the Top 10 stock predictions?
A. The Top 10 stock predictions are the stocks that are poised to grow the most (have the strongest positive signals).

Q. What is the S&P 500 stock prediction and why do you include it?
A. The S&P 500 is the major US index and is a general indicator for the direction of the US stock market. If the algorithm predicts that the S&P 500 will go up, then it is a good sign that the stock market will generally increase. It helps in decision making. It is generally preferable to go long the Top 10 stocks when the S&P 500 has a positive prediction and to go short the 10 stocks on the bottom of the table when the S&P 500 has a negative prediction.

Q. How should I use the S&P 500 forecast?
A. The S&P 500 is a great representation of the general US stock market. If the algorithm predicts that the S&P 500 will go up, then it is a good sign that the stock market will generally increase. If the predictability for the S&P 500 is relatively weak, then it is important to be cautious, as the algorithm is unconfident about the direction of the stock market.

Q. Which time horizons should I follow?
A. The longer-term forecasts (1-month and 3-month) tend to have higher predictabilities as the algorithm can more easily spot long-term trends. We suggest following these two-time horizons the most closely, but the more reactionary shorter-term horizons are helpful in understanding the short-term volatility of the market. Perhaps if you see that a stock with a strong, positive 3-month prediction has a negative short-term forecast, it is a good idea to wait until the stock decreases in value before buying it.

Q. How should I use the predictabilities and signals?
A. It is recommended that investors consider both the signal strength and predictability, as a highly predictable stock that barely moves and an unpredictable stock that is projected to move drastically both make unattractive investments.
Get Access to the Latest Heatmap + Daily Market Forecasts!

Commodities, Gold & Currencies

Gold Price Forecast:
Returns up to 52.07% in 1 Year

February 21 | Read More

Commodity Outlook:
Returns up to 6.02% in 3 Days

February 21 | Read More

Exchange Rate Forecast:
70.59% Hit Ratio in 14 Days

February 21 | Read More
Gold Outlook:
Returns up to 1.22% in 3 Days
February 21 |
Read More

Currency Forecast:
73.08% Hit Ratio in 3 Months
February 18 |
Read More

Commodity Price Forecast:
Returns up 9.5% in 7 Days
February 21 |
Read More
Find The Latest Top Commodities and Currency Pairs With AI Insight

Weekly Apple Stock Update

This week’s Apple Stock News discusses the 6G era. Apple is placing a job posting for research engineers working on the next generation of high-speed mobile data. Industry researchers expect 6G to arrive by about 2030, but there is evidence that Apple wants to get involved in the very early stages of new technology development.

Additionally, Google has added the Apple TV app to get Apple TV Plus service – to a Chromecast device. The Apple TV app is also available on Sony and TCL smart TVs with a Google TV interface. According to Google, access will be expanded to more Android TV devices in the next few months. In the US, Google TV users can view Apple TV Plus originals in personalized recommendations and search results.

Moreover, Apple is seeking to participate in a new scheme to increase exports of computer products from India, part of what government and industry sources say are plans to bring iPad production to that South Asian country. Apple is lobbying for an enormous budget spending of Rs 20,000 crore before this plan is finalized, as India does not yet have the scale or supply chain to manufacture IT products and competes with duty-free imports of technology products. India has emerged as one of the company’s key growth drivers as Apple’s market share in India rose from 2% in December 2019 to 4% in the quarter ending December 2020.

Finally, Apple is testing a new iPhone software that will allow users to unlock iPhone with a masked Apple Watch in new test software for Apple Watch and iPhone. Currently, Apple users need to either enter a passcode or slide the mask down to unlock their iPhone using FaceID. In the fixes, which are planned to be released in spring 2021, when the user is wearing a mask, the Apple Watch Face ID will work the same as without the mask. This is similar to how this feature works on a Mac, which can be unlocked automatically if you wear your Apple Watch nearby.

Read more.
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