Shanghai Stocks Based on Data Mining: Returns up to 71.9% 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 (9/20/24 – 10/20/24)
I Know First Average: 25.48%
The algorithm correctly predicted 10 out of 10 the suggested trades in the Shanghai Stock Forecast Package for this 1 Month forecast. The top performing prediction from this package was 600770.SS with a return of 71.9%. The suggested trades for 600702.SS and 600340.SS also had notable 1 Month yields of 51.08% and 38.68%, respectively. The package had an overall average return of 25.48%, providing investors with a 6.27% premium over the SHANGHAI SE’s return of 19.21% 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.