Mexican Stocks Based on Pattern Recognition: Returns up to 12.12% in 7 Days
Mexican Stocks
This Mexican stocks forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:
- Top 10 Mexican stocks for the long position
- Top 10 Mexican stocks for the short position
Package Name: By Country – Mexican Stocks
Recommended Positions: Long
Forecast Length: 7 Days (8/9/2020 – 8/16/2020)
I Know First Average: 4.74%
8 out of 10 stock prices in this forecast for the By Country – Mexican Stocks Package moved as predicted by the algorithm. The highest trade return came from ASURB.MX, at 12.12%. GAPB.MX and GCARSOA1.MX also performed well for this time horizon with returns of 11.93% and 7.11%, respectively. The package had an overall average return of 4.74%, providing investors with a 2.28% premium over the S&P BMV IPC’s return of 2.46% 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 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.