Shanghai Stocks Based on Deep-Learning: Returns up to 54.21% 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 (9/8/24 – 10/8/24)
I Know First Average: 33.55%
Several predictions in this 1 Month forecast saw significant returns. The algorithm has correctly predicted 10 out of 10 stock movements. 600340.SS was our best stock pick with a return of 54.21%. 600770.SS and 600172.SS had notable returns of 50.86% and 38.58%. The package had an overall average return of 33.55%, providing investors with a 7.37% premium over the SHANGHAI SE’s return of 26.18% 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.