Stock Forecasting Based on Machine Learning: Return up to 67.86% in 7 Days

Stock Forecasting

This forecast is part of the “Risk-Conscious” package, as one of I Know First’s quantitative investment solutions. We determine our aggressive stocks and conservative stock picks by screening our database daily for higher volatility stocks that present more opportunities but are also riskier. The full Risk-Conscious Package includes a daily forecast for a total of 40 stocks with four main categories:

  • top ten aggressive stocks pick that best fit for long position
  • top ten aggressive stocks pick that best fit for short position
  • top ten conservative stocks pick that best fit for long position
  • top ten conservative stocks pick that best fit for short position

Package Name: Risk-Conscious
Forecast Length: 7 days (03/01/2016 – 03/08/2016)
I Know First Average: 26.66%

Stock Forecasting

I Know First’s algorithm correctly predicted 10 out of the 10 stocks to increase in the long position on the 7-day time period starting on March 1st. The top stock for this forecast was ARCW, with a 67.86% return. Other top returners for this package were PES and BONT  with returns of 49.64% and 36.84% for the week. The overall return on this package was an impressive 26.66% compared to the S&P 500’s mere 2.43% return for the same period.

ARC Group Worldwide (ARCW) is a leading global advanced manufacturing and 3D printing service provider. The company manufactures and sells precision components, tooling products, flanges, fittings, and wireless equipment in the United States and internationally. The company’s earning report for Q2 was released in mid-February revealing a slight increase in revenue and narrowing of operating margins, but overall sustainability.

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 algorithmic traders.

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Please, note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.