Stock Market Forecast Based on a Self-learning Algorithm: Returns up to 25.24% in 14 Days
Stock Market Forecast
Stock Market Forecast: The Fundamental Package includes our algorithmic forecasts for stocks screened by fundamental criteria. Our algorithms help you find the best opportunities for both long and short positions for the stocks within each fundamental screen. The stocks are selected according to five basic valuation categories:
- P/E (price to earnings ratio)
- PEG (price/earnings to growth ratio)
- price-to-book ratio
- price-to-sales ratio
- short ratio
Package Name: Fundamental – Low P/E Stocks
Recommended Positions: Short
Forecast Length: 14 Days (8/25/24 – 9/8/24)
I Know First Average: 12.97%
10 out of 10 top stock picks from the algorithm decreased as predicted for this 14 Days forecasting period. BLNK saw monumental price change of 25.24% in just 14 Days. ALXO and BTAI also had excellent performances with returns of 20.08% and 19.53% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period. The package had an overall average return of 12.97%, providing investors with a premium of 16.98% over the S&P 500’s return of -4.01% during the same 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.