Medical Stocks Based on Data Mining: Returns up to 13.59% in 3 Days
Medical Stocks
The Medicine Stocks Package is designed for investors and analysts who need predictions for the best stocks to buy in the Medicine Industry. It includes 20 medical stocks with bullish and bearish signals and indicates the best medicine stocks to trade:
- Top 10 Medicine stocks for the long position
- Top 10 Medicine stocks for the short position
Package Name: Medicine Stocks
Recommended Positions: Long
Forecast Length: 3 Days (9/11/2020 – 9/15/2020)
I Know First Average: 4.21%
Several predictions in this 3 Days forecast saw significant returns. The algorithm had correctly predicted 8 out 10 stock movements. INSM was the top performing prediction with a return of 13.59%. Further notable returns came from IMGN and XOMA at 10.46% and 7.45%, respectively. The package saw an overall yield of 4.21% versus the S&P 500’s return of 1.86% implying a market premium of 2.35%.
Insmed Incorporated, incorporated on March 21, 2013, is a biopharmaceutical company. The Company operates through development and commercialization of therapies for patients with rare diseases segment. The Company’s lead product candidate is ARIKAYCE, or liposomal amikacin for inhalation (LAI). Its earlier-stage pipeline includes preclinical compounds that the Company is evaluating in multiple rare diseases of unmet medical need, including methicillin-resistant staph aureus (MRSA) and nontuberculous mycobacteria (NTM). Its earlier clinical-stage pipeline includes INS1007 and INS1009.
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.