Stock Forecasting Based on Big Data: Returns up to 38.77% in 7 Days

Stock Forecasting

Stock Forecasting: This algorithmic forecast is for stocks with recently reported insiders’ transactions. An “insider” is any person who possesses at least one of the following:

  • access to valuable non-public information about a corporation (for example a company’s directors and high-level executives)
  • ownership of more than 10% of the company’s equity

insider trading
Package Name: Insider Trades
Recommended Positions: Long
Forecast Length: 7 Days (6/12/24 – 6/19/24)
I Know First Average: 4.98%
Stock Forecasting
Stock Forecasting chart

During the 7 Days forecasted period several picks in the Insider Trades Package saw significant returns. The algorithm has correctly predicted 7 out of 10 returns. BITF was our best stock pick with a return of 38.77%. BOOT and WIT followed with returns of 5.42% and 3.23% for the 7 Days period. The Insider Trades package had an overall average return of 4.98%, providing investors with a premium of 2.90% over the S&P 500’s return of 2.08%.

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.