Spain Stocks Based on Data Mining: Returns up to 55.58% in 1 Month

Spain Stocks

This Spain stocks forecast 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 Spanish stocks with bullish and bearish signals:

  • Top 10 Spanish stocks for the long position
  • Top 10 Spanish stocks for the short position

Package Name: By Country – Spanish Stocks
Recommended Positions: Long
Forecast Length: 1 Month (10/23/2020 – 11/24/2020)
I Know First Average: 22.49%
Spain Stocks
Spain Stocks chart

During the 1 Month forecasted period several picks in the By Country – Spanish Stocks Package saw significant returns. The algorithm had correctly predicted 9 out 10 returns. The top performing prediction from this package was BBVA.MC with a return of 55.58%. SAN.MC, and AMA.MC had notable returns of 53.58% and 32.41%. The package had an overall average return of 22.49%, providing investors with a 2.68% premium over the IBEX 35 COMPOSITE’s return of 19.81% 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.