Shanghai Stocks Based on Algo Trading: Returns up to 11.48% in 1 Month

Shanghai Stocks

This forecast for Shanghai Stocks 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 Shanghai stocks for the long position
  • Top 10 Shanghai stocks for the short position

Package Name: Shanghai Stock Forecast
Recommended Positions: Long
Forecast Length: 1 Month (4/14/24 – 5/14/24)
I Know First Average: 5.57%
Shanghai Stocks
Shanghai Stocks chart

For this 1 Month forecast the algorithm has successfully predicted 9 out of 10 movements. 601633.SS was the top performing prediction with a return of 11.48%. 600809.SS and 600346.SS had notable returns of 9.61% and 8.68%. The package had an overall average return of 5.57%, providing investors with a 1.39% premium over the SHANGHAI SE’s return of 4.18% 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.