Insurance Stocks Based on Algo Trading: Returns up to 15.95% in 1 Month
Insurance Stocks
The Insurance Companies Package is designed for investors and analysts who need stock advice for the best-performing stocks in the Insurance Company Industry. It includes 20 stocks with bullish and bearish signals and indicates the best insurance companies’ stocks to trade:
- Top 10 Insurance Company stocks for the long position
- Top 10 Insurance Company stocks for the short position
Package Name: Insurance Companies Forecast
Recommended Positions: Long
Forecast Length: 1 Month (10/1/23 – 11/1/23)
I Know First Average: 2.49%
The algorithm correctly predicted 7 out of 10 the suggested trades in the Insurance Companies Forecast Package for this 1 Month forecast. AIZ was the top performing prediction with a return of 15.95%. ACGL and CB also performed well for this time horizon with returns of 12.91% and 5.83%, respectively. The package had an overall average return of 2.49%, providing investors with a premium of 3.66% over the S&P 500’s return of -1.17% during the same period.
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
How to interpret this diagram
Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.