Stock Market Forecast Based on Algo Trading: Returns up to 9.71% in 3 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 – High P/E Stocks
Recommended Positions: Long
Forecast Length: 3 Days (10/28/24 – 10/31/24)
I Know First Average: 1.53%
The algorithm correctly predicted 7 out of 10 the suggested trades in the Fundamental – High P/E Stocks Package for this 3 Days forecast. UPWK was our best stock pick with a return of 9.71%. HUT and MSTR also performed well for this time horizon with returns of 5.97% and 4.34%, respectively. This algorithmic forecast package presented an overall return of 1.53% versus the S&P 500’s performance of -1.77% providing a market premium of 3.30%.
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.