Stock Market Indices Forecast Based on Data Mining: Returns up to 2.64% in 3 Days

Stock Market Indices Forecast

This stock market forecast is part of the World Indices Package, as one of I Know First’s quantitative investment solutions. We determine our world indices forecast by screening our database daily using our advanced algorithm. The full World Indices Package includes a daily forecast for a total of 20 indices with bullish and bearish signals:

  • Top 10 World Indices for the long position
  • Top 10 World Indices for the short position

Indices Forecast
Package Name: Indices Forecast
Recommended Positions: Long
Forecast Length: 3 Days (8/16/2020 – 8/19/2020)
I Know First Average: 0.25%
Stock Market Indices Forecast
Stock Market Indices Forecast chart

For this 3 Days forecast the algorithm had successfully predicted the changes in 7 out of 10 indices. ^NIFTYFIN was our best stock pick this week a return of 2.64%. Other notable stocks were ^EGX30 and ^ATG with a return of 1.97% and 1.88%. The package saw an overall yield of 0.25% versus the S&P 500’s return of 0.06% implying a market premium of 0.19%.

The NIFTY 50 is the flagship index on the NSE, computed using a float-adjusted, market capitalization weighted methodology. The Index tracks the behavior of a portfolio of blue chip companies, the largest and most liquid Indian securities domiciled in India and listed on the NSE.

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.