Insurance Stocks Based on Algo Trading: Returns up to 7.35% in 7 Days

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

insurance
Package Name: Insurance Companies Forecast
Recommended Positions: Long
Forecast Length: 7 Days (10/18/2020 – 10/25/2020)
I Know First Average: 3.65%
Insurance Stocks
Insurance Stocks chart

In this 7 Days forecast for the Insurance Companies Forecast Package, there were many high performing trades and the algorithm correctly predicted 9 out 10 trades. The greatest return came from UNM at 7.35%. AIG and AGO saw outstanding returns of 6.9% and 6.06%. The package had an overall average return of 3.65%, providing investors with a 4.18% premium over the S&P 500’s return of -0.53% during the period.

Unum Group (UNM), together with its subsidiaries, provides group and individual disability insurance products and services primarily in the United States and the United Kingdom. The company operates through three segments: Unum US, Unum UK, and Colonial Life. It provides group long-term and short-term disability, group life, and accidental death and dismemberment; supplemental and voluntary products, such as individual disability and voluntary benefits products; and accident, sickness, disability, life, and cancer and critical illness products. The company also offers group pension, individual life, corporate-owned life insurance, reinsurance pools, management operations, and other product lines. In addition, it provides a portfolio of other insurance products, including life insurance, employer- and employee-paid group benefits, and other related services. The company markets its products primarily to employers for the benefit of employees. It sells its products through field sales personnel, independent brokers, and consultants, as well as independent contractor agency sales force. Unum Group (UNM) was founded in 1848 and is based in Chattanooga, Tennessee.

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.