Israeli Stocks Based on Algo Trading: Returns up to 23.02% in 14 Days
Israeli Stocks
This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full Israeli stocks forecast includes daily predictions for a total of 40 stocks with bullish and bearish signals:
- Top 20 Israeli stocks for the long position
- Top 20 Israeli stocks for the short position
Package Name: By Country – Israeli Stocks
Recommended Positions: Long
Forecast Length: 14 Days (8/3/2020 – 8/17/2020)
I Know First Average: 6.16%
Several predictions in this 14 Days forecast saw significant returns. The algorithm had correctly predicted 17 out 20 stock movements. MGDL.TA was our best stock pick this week a return of 23.02%. Further notable returns came from IDIN.TA and BCOM.TA at 17.54% and 15.02%, respectively. The package had an overall average return of 6.16%, providing investors with a 0.75% premium over the TASE index return of 5.41% during the 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 20 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.