I Know First Weekly Review Algorithmic Performance: November 8th, 2020

I Know First
Weekly Newsletter | November 8th, 2020

Good morning, I Know First universe.
We’re happy to share our best article and stock prediction of the week:
  • Top Trade Ideas – Best Stocks Under 10 Based on Algorithmic Trading: Returns up to 106.98% in 3 Days
New President, New Opportunities: AI algorithm is identifying 20 Stocks to Buy after the Election results

Need To Know First!

  • Best Stocks Under 5 Based on Algorithmic Trading: Returns up to 141.73% in 7 Days
  • Best Dividend Stocks Based on Predictive Analytics: Returns up to 20.66% in 14 Days
  • Top Stock Picks Based on Pattern Recognition: Returns up to 49.56% in 1 Month
  • Stocks Under 10 Based on Deep-Learning: Returns up to 250.89% in 3 Months
  • Top Biotech Stocks Based on Genetic Algorithms: Returns up to 546.24% in 1 Year
  • Align Technology (ALGN) Stock is up 60.66% since July 31, 2020, as its demand will continue to increase due to its products and how they are reacting to the pandemic.
  • Qualcomm (QCOM) Stock returns up to 57.48% since July 29, 2020, as demand for smartphones will increase after this COVID-19 pandemic gets a government-approved vaccine.
  • Google (GOOGL) Stock is up 29.36% since June 15, 2020, as the growing socio-political headwind of Facebook will benefit the search and mobile advertising businesses of Google.

Weekly Winning Forecasts

3 Days
Stocks Under $10: 20.57% Average
Options Forecast: 106.98% Yield
Implied Volatility: 120.99% Return
7 Days
Stocks Under $5: 141.7% Return
Stocks Under $10: 54.01% Yield
Options Predictions: 14.18% Average
14 Days
Stock Market Outlook: 56.52% Yield
Best Dividend: 9.8% Average
Best S&P 500: 42.27% Return
1 Month
Top Stock Picks: 14.43% Average
Undervalued Stocks: 151.11% Yield
Stocks Under $10: 237.82% Return
3 Months
Stocks Under $10: 47.32% Average
Consumer Staples: 107.64% Yield
Best Hedge Fund: 156.16% Return
1 Year
Algo Trading: 113.59% Average
Biotech Stocks: 546.24% Return
Top S&P 500 Stocks: 172.36% Yield
☆ 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

I Know First To Democratize AI-Driven Stock Predictions For All

The landscape of investment is a diverse one, with all sorts of actors in the play – from individual investors to pension funds and other institutional investors. What unites them, among other things, is the apparent appetite that they have for AI technology, which has recently been shaking up the financial sector. There are those, however, who seek to level the playing field; these include I Know First, an Israel-based AI stock predictions company. With AI having so much to offer to investors, it is up to companies like I Know First to democratize AI for all.

The company has trained a deep learning stock prediction algorithm on a dataset covering 15 years of trading. Its proprietary AI looks at the market from a holistic perspective, looking for trends and patterns in the fresh market data. It models and predicts the price dynamics for more than 10,500 assets, including ETFs, stocks, currency pairs, and interest rates. Drawing upon genetic programming, it goes through a learning cycle on every iteration; in other words, it keeps tracks of its own successes and failures and re-configures its models to reflect the current state of the market. This feature allows it to adapt to new situations, making sure it will not be completely dumbfounded by a pattern it had never encountered before.

Read more.

Algorithmic Trading: I Know First Strategy Tutorial

Trading stocks can be a challenge without the appropriate knowledge for doing so. The I Know First algorithmic trading model follows the same path, requiring knowledge of it for those who want to use it. To help traders and investors, I Know First made a strategy tutorial to help to decide their investment strategies. Along with a video, I Know First made available a strategy guide. Divided into three parts, the algorithmic trading strategy has a detailed explanation of how the trading model works and how it can help investors and traders to profit.

By using this model, I Know First’s algorithm consistently beat the S&P 500’s returns in time horizons less than 14 days covering the period from October 9, 2018, to July 19th, 2020. Over a year-long time horizon, our highest signals tended to have the largest returns. Our top-5 signals outperformed the S&P 500 constantly. Our algorithm tended to perform better with a focus on long positions. However, both longs and shorts were extremely effective in short term time horizons. It is important to note that every signal group across every time horizon gave a hit ratio of over 53%, showing consistent and reliable accuracy.

Read more.

ON Stock Prediction: Limited Performance Improvement is Overweighted by Low Margin Issue

On Semiconductor (ON) released the Q3 financial results on November 1st. In the recent quarter, ON achieved $1.32 billion in revenue, in line with the guidance and Non-GAAP EPS of $0.27. However, this earnings call failed to boost the ON stock forecast. In the conference call with Deutsche Bank analyst, ON’s CEO Keith saw this end market as the biggest driver and expected the revenue will go up on a quarter-over-quarter basis in the fourth quarter.

I issued a 12-month price target of $27.5, which is in line with analysts’ average price prediction. I also remain a positive prospect to the ON stock forecast on a longer horizon. ON’s first-move position in high growth potential markets including 5G infrastructure, clean energy, and electric vehicle is still valuable for shareholders. If the company could improve its cost structure and move towards management’s financial indicators guidance, the company will be able to generate strong cash flow in the future.

Read more.

Trading Fast And Slow

When it comes to trading fast, high-frequency trading, as you can tell by the name, is pretty much the definition of it. For the traders, this means accumulating small, even minuscule, margins into large gains, and for the trading platform, this means an infusion of liquidity. The latter often allows HF-traders to save on drag-down expenses like fees or commissions.

Alternatively, you can rely on the so-called position trading. Here, what you are looking for is not a temporary fluctuation, but rather a trend in the movement of a specific stock. The latter is, once again, mainly identified by means of technical analysis. Instead of exiting quickly, a position trader holds the stock for a few months to make the most out of the trend before the tide changes. Thus, as far as speculative trading goes, as opposed to long-term investment, this approach is one of the slowest ones.

With advanced statistical programming at their core, artificial intelligence algorithms excel at working with large datasets and picking up trends and patterns. This makes them a perfect fit for technical analysis and the trading strategies that are based on it. The AI also draws on chaos theory to account for market volatility. It delivers its forecasts for time horizons ranging from 3 to 365 days, covering short, medium, and long-term perspectives. This leaves intraday trading outside the current range of its possibilities but is useful for everyone on the slower side of things.

Read More.

The Man, The Machine, The Legend: AI In Hedge Fund Management

As the world embraces the power of artificial intelligence and machine learning, whole industries are transformed to reflect this new reality. In other words, the age of robots is upon us, and there is no turning back. Is there a future for the human in trading, or will high-paid hedge fund managers find themselves in the ranks of those whose jobs fell prey to the machines?

This synergetic approach seems to offer the best of both worlds. On the one hand, machines bring in the capacity to process huge troves of data in the blink of an eye. Sometimes, they can also offer moves that no human would ever think of, as with the game of Go. Finally, they can help automate some routine tasks, giving humans more time to do the work that really matters. On the other hand, human managers offer an approach rooted in broad experience and theoretical knowledge as opposed to statistical methods, as sophisticated as those could be.

If you are looking for an AI-based solution that would bolster your own investment decision-making capability, look no further than the proprietary AI developed and trained on a dataset covering 15 years of trading by the Israeli-based I Know First company. Its design includes elements of Deep Learning, while also drawing upon genetic algorithms technology. What this means is that the algorithm is aware of its own successes and failures, re-calculating its models and beefing up its accuracy with each running cycle.

Read More.

Want to learn more?

Letter from the CEO

Dear clients,

The S&P 500 had its best election week since the Great Depression. Over the last week, we have been witnessed a relatively rare phenomenon in the capital market. As of the end of Thursday (5/11), the S&P 500 had risen 4 days in a row, with at least three of them rising more than 1% per day. So we looked at the past: what happened after such an unusual sequence of days?

In the last 55 years, there have been 22 incidents in which the S&P 500 index has risen four days in a row. After five trading days from the end of the event, the market rose by 17 of them (77%) and on average the market rose by another 1.03%.

All these increases did not go unnoticed by our algorithm. The I Know First artificial intelligence covers over 10,000 global assets of various types in the capital market, embracing such an amount of information that helps us get a top view of the investment world. That is a different angle that focuses us on different geographical areas that are potential for investment, general market trends, different trends, and specific sectors.

In addition, the algorithm is designed to locate specific opportunities in these sectors. With the election of Joe Biden as President of the United States, certain sectors are expected to stand out. Of them, we can highlight the alternative energy, infrastructure, agricultural products for export, companies with an affinity for China, the cannabis industry, and more.

Based on all this information, which stocks outperformed this week? ACB and CRON, both from the Cannabis sector, increased 105% and 25% in just 3 days respectively. CYH, OGI, and SUP saw an increase of 35%, 25%, and 19%, respectively, in the same time period. Also, our Stocks Under 10 Dollars Package got an impressive return. For the 3 months period, the package averaged a 47.32% return, more than 15 times over the S&P 500 in the same timetable.

Additionally, the Stocks Under 5 Dollars Package got a return up to 141.73% in the 7 days period. 8 out of 10 stock prices in this forecast for the package moved as predicted by the algorithm, with ACB having the highest return. OGI and WPX had notable returns of 37.5% and 10.63%, respectively.

If there is a sector that is standing out and does not appear on the website, you can request it at [email protected]. If you do not have a specific preference, you can choose packages that contain stocks from the entire American market such as the Top 20.
With the new president, new opportunities arise. Of course, the I Know First algorithm is already identifying the best opportunities for this moment.

Warmest Regards

Yaron Golgher, Co-Founder and CEO

Q&A With I Know First
Q. What is the forecast date?
A. The forecast date is the date the algorithm released this set of predictions.

Q. What is the time horizon?
A. The time horizon is the suggested period of time to hold the suggested stocks. When we calculate the forecast performance, we do so from the forecast date through the end of the time horizon.

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 the general indicators 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. What is the accuracy (checks and x marks)?
A. If the algorithm correctly predicts the direction of a stock’s movement, a checkmark is placed next to the stock’s return and if the algorithm is incorrect in its prediction, an x mark is placed next to the stock’s return.

Q. What is the return?
A. The return is the percentage movement of each stock multiplied by 1 if the algorithm suggested a long position or multiplied by negative 1 if the algorithm suggested a short position. In other words, if the algorithm correctly predicts the direction of the stock, the return is the positive percentage change of the stock, and if the algorithm incorrectly predicts the direction of the stock, the return is the negative percentage change of the stock. The return is the last end of the day price at the target date of the forecast VS the price when the forecast was sent (the end of the day price of the previous day).

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Commodities, Gold & Currencies

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Returns up to 49.6% in 1 Year

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61.54% Hit Ratio in 7 Days
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63.46% Hit Ratio in 1 Month
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Weekly Apple Stock Update

This week’s Apple Stock News discusses the possible announcement of three new MacBooks powered with the ARM processor according to GSM Arena. The models would be one new MacBook Air and two Pro models coming in 13-inch and 16-inch flavors.

A new report of PatentlyApple says that Apple was granted by the United States Patent and Trademark Office more than 60 new Patents covering various Systems. The patents cover a wide range of areas, such as shortwave infrared light, an essential component of next-generation Touch ID and Head-Mounted Device systems, and/or glasses. Also, there is one patent that covered a lot of territories which included the understanding of gestures via special algorithms that could also understand which limbs the device is being worn on.

According to MacRumors, Apple’s unreleased MagSafe Duo Charger has passed Korea’s National Radio Research Agency compliance test, a possible indication that the wireless charging pad is almost ready for shipment. Apple hasn’t provided specific availability or price details for the charging pad.

Additionally, the Bank of Ireland has announced support for Apple Pay. Despite Apple Pay coming to Ireland in 2017, one of the nation’s largest banks has only now announced support alongside a newly updated Bank of Ireland iOS app.

According to Apple Insider, Apple Pay will soon be supported in Israel. Following recent months of negotiations, Isracard has become the first Israeli financial company to announce support for Apple Pay, following eight months of disagreements over Apple’s commission. Both Isracard and Apple have yet to confirm the support.

Read more.

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