I Know First was featured on MarketWatch. This article refers Israeli News 13 TV Channel challenge: « Identifying the top Stocks to Buy Using AI » in which I Know First participated. The experiment was conducted during late August – early September 2019. This period was hardly predictable because of the US China tensions.

This MarketWatch article tells about the experiment, the Israeli News 13 TV Channel reporter structured two investment portfolios from the 20 top US stocks forecast generated by the algorithm. The first portfolio was built for passive investment which kept the same structure throughout the test. The second one was used for active investment. That is to say, it was daily managed for buy and sell orders using daily AI market forecasts. 

After two weeks, the passive and the active investment portfolios widely beat the benchmark S&P 500 Index which gained 1,37%. Indeed their growths were respectively 3.88% and 8.18%. Tal Mofkadi, PhD at Interdisciplinary Center of Herzliya who monitored the whole process qualified the performances “magnificent”.

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I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, self-learning algorithm. Thus, the company’s algorithm predicts over 10,500 securities (and growing). Thus, it has capabilities to discover patterns in large sets of historical stock market data.

The underlying technology of the algorithm based itself on Artificial Intelligence. It also based itself on machine learning and incorporating elements of artificial neural networks and genetic algorithms. Moreover, the algorithm generates daily market predictions for stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium and long-term time horizons.