Saudi Arabian Stocks Based on Data Mining: Returns up to 17.98% in 7 Days

Saudi Arabian Stocks

This Saudi Arabian Stocks forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top 10 Saudi Arabian Stocks for the long position
  • Top 10 Saudi Arabian Stocks for the short position

Package Name: By Country – Saudi Arabian Stocks
Recommended Positions: Long
Forecast Length: 7 Days (4/2/23 – 4/9/23)
I Know First Average: 5.43%
Saudi Arabian Stocks
Saudi Arabian Stocks chart

There were many high performing trades and the algorithm correctly predicted 9 out of 10 trades. The top-performing prediction in this forecast was 2370.SE, which registered a return of 17.98%. 1201.SE and 4080.SE had notable returns of 8.76% and 7.5%. The package had an overall average return of 5.43%, providing investors with a 2.45% premium over the TDW Main’s return of 2.98% 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.