Shanghai Stocks Based on Big Data: Returns up to 61.92% in 3 Months

September 9, 2020

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: 3 Months (6/7/2020 – 9/8/2020)
I Know First Average: 28.11%
Shanghai Stocks
Shanghai Stocks chart

The algorithm correctly predicted 9 out 10 of the suggested trades in the Shanghai Stock Forecast Package for this 3 Months forecast. The top performing prediction from this package was 600196.SS with a return of 61.92%. 600660.SS and 600887.SS also performed well for this time horizon with returns of 43.71% and 40.03%, respectively. The package had an overall average return of 28.11%, providing investors with a 14.95% premium over the SHANGHAI SE’s return of 13.16% during the period.

analystsSellHoldBuyRevenue (MM, CNY)201718.5K201824.9K201928.6K2020(E)32.7KEPS (CNY)20171.27020181.07020191.3002020(E)1.376Price To Earnings (TTM)38.99Price To Sales (TTM)4.31Price To Book (MRQ)4.13Price To Cash Flow (TTM)–Total Debt To Equity (MRQ)74.38LT Debt To Equity (MRQ)34.90Return on Investment (TTM)7.60Return on Equity (TTM)4.98

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.

Shanghai Stock Forecast