Press Release: I Know First Algorithm Successfully Predicted Rise In AAPL Stock
Press Release
Press release: Tel Aviv, Israel, September 22nd, 2016– FinTech company “I Know First” had correctly forecasted an exceptional return for Apple Inc, beginning from May 15th, 2016.
I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, adaptable, self-learning algorithm. The company’s algorithm predicts over 3,000 securities, commodities, and currencies with capabilities to discover patterns in large sets of historical stock market data.
The I Know First research team had predicted back on May 15th, 2016, a long-term bullish stance on Apple Inc. They had strong conviction against the outside investor sentiment that poor quarterly earnings would translate into a negative outlook on AAPL. In collaboration with algorithm, along with a fundamental analysis, I Know First took a different stance. Since the article was written, AAPL shares have risen well over 26%, or $23.87 per share, and the algorithm continues to maintain a bullish stance on Apple Inc. For example, on August 16ht, 2016, I Know First had as well released a bullish article on Apple Inc., to go long before the release of the iPhone 7, contrary to other prominent investors beliefs. As a result, AAPL shares had indeed risen well over 6%.
Click here to read the full article and forecast provided by I Know First. Below describes the high return that AAPL had over the past few months.
The algorithm was developed by I Know First co-founder and CTO Dr. Lipa Roitman. Dr. Roitman holds a Ph.D. from the Weizmann Institute of Science and has over 20 years of experience in the artificial intelligence field. He is the head of I Know First’s Research & Development team to further develop and enhance the algorithm’s capabilities.
In a recent interview with co-founder Dr. Roitman on Euro Money, he explained that, “What is particular about our algorithm is that every forecast is accompanied by a number – we call it ‘predictability’ – that indicates the quality of the learning,” he says. “Then we sort the entire universe of forecasts and pick the most probable opportunities.”
For more information, visit I Know First.
CONTACT:
Ido Brana
I Know First
Phone Number: 972-54-4979706
Email Address: [email protected]
