Stock Forecast Based On Data Mining Algorithms: Up To 20.85% Return In 14 Days
Stock Forecast Based On Data Mining Algorithms
This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:
- top ten stocks picks to long
- top ten stocks picks to short
- S&P 500 forecast
Package Name: Top 10 Stocks
Forecast Length: 14 Days (9/2/2015 – 9/16/2015)
I Know First Average: 7.56%
Eight of the ten stocks included in the Top 10 Stocks forecast from 9/2/15 increased in accordance with the algorithm’s prediction for the 14 days time horizon. The top performing stock was ZNH with massive return of 20.85%. MDVN and ALNY also posted outstanding returns of 14.46% and 10.06% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have beaten the S&P 500 average of 3.36% as the I Know First average return was 7.56% during the predicted time horizon.
China Southern Airlines (ZNH) specializes in air transportation services. Based in Gangzhou, the company operates the largest fleet and the most developed route network of any airline company in China. The company’s organic performance has been pretty strong this year, with sustainable growth over last year. However, the stock had become overvalued along with much of the Chinese market. The stock crashed during the flash crash a few weeks ago, when the algorithm correctly identified the stock as being undervalued. Since that time, the stock price has increased over 20%.
Algorithmic traders utilise 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 algorithmic traders.
