Saudi Arabian Stocks Based on Machine Learning: Returns up to 15.63% in 14 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: 14 Days (8/23/24 – 9/6/24)
I Know First Average: 1.97%
During the 14 Days forecasted period several picks saw significant returns. The algorithm has correctly predicted 7 out of 10 returns. The top-performing prediction in this forecast was 2160.SE, which registered a return of 15.63%. Additional high returns came from 2040.SE and 4150.SE, at 7.14% and 0.97% respectively. The package had an overall average return of 1.97%, providing investors with a 2.75% premium over the TDW Main’s return of -0.78% 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.