Megacap Stocks Based on Stock Prediction Algorithm: Returns up to 31.01% in 3 Months
Megacap Stocks
This stock market forecast includes the best Megacap Stocks determined by the algorithm with a market capitalization of more than $100 billion.
- Top 10 Mega Cap stocks for the long position
- Top 10 Mega Cap stocks for the short position
Package Name: Mega Cap Forecast
Recommended Positions: Long
Forecast Length: 3 Months (7/19/24 – 10/20/24)
I Know First Average: 10.85%
Several predictions in this 3 Months forecast saw significant returns. The algorithm has correctly predicted 8 out of 10 stock movements. The highest trade return came from SHOP, at 31.01%. Other notable stocks were BX and TSM with a return of 26.35% and 16.82%. The package had an overall average return of 10.85%, providing investors with a premium of 5.08% over the S&P 500’s return of 5.77% 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.