Stock Market Predictions Based On Algorithmic Analysis: Up To 27.90% Return In 7 Days

Stock Market Predictions Based On Algorithmic Analysis

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

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

Package Name: Risk-Conscious
Forecast Length: 7 Days (8/27/2015 – 9/3/2015)
I Know First Average: 6.58%

Stock Market Predictions Based On Algorithmic Analysis

I Know First’s 7-day forecast from the Risk-Conscious package had 7 of the 10 stocks increase in accordance with the algorithm’s prediction. FCX performed extremely well, returning 27.90% during the time horizon as the algorithm indicated. Likewise, CHK and SHLD were also included in the top 10 picks of the Agrressive Stocks forecast and had strong returns of 17.35% and 13.08% over 7 days. The average return of 6.58% during the forecasted time horizon outperformed the S&P 500 return of 0.55% during the same time.

Freeport-McMoRan, which is often just called Freeport, is one of the largest producers of copper and gold in the world. Activist shareholder recently purchased a large amount of stock in the company and called for corporate changes, believing that the company is currently undervalued. Freeport has since hired JPMorgan Chase & Co to help it explore options, including asset sales and cost cuts. The stock is down nearly 60% for the year, but Icahn’s investment and the call for change helped the stock price rebound.

Algorithmic traders utilise 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.