Stock Research Using Machine Learning: Up To 13.41% Return In 14 Days
This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily predictions for a total of 20 stocks with bullish and bearish signals:
- top ten stocks picks to long
- top ten stocks picks to short
- S&P 500 forecast
Package Name: Top 10 Stocks
Forecast Length: 14 Days (8/25/2015 – 9/8/2015)
I Know First Average: 7.15%
All of the 10 stocks included in the Top 10 Stocks forecast from 8/25/15 increased accordance with the algorithm’s prediction for the 14 days time horizon. The top performing stock was MRO with massive return of 13.41%. ALNY and VRTX also posted outstanding returns of 12.88% and 11.60% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 4.02% by 3.13% during the predicted time horizon.
MRO is the share of Marathon Oil Corporation, an independent American energy company. Its business model is separate in three different segments : North America Exploration and Production, International Exploration and Production and Oil Sands Mining. Its stock movement is correlated with the movement of oil prices, as we see that during this time period MRO increased due to the rebound of oil prices. This rise can be explained by the recovery in equity markets and also by the unexpected decrease in U.S crude oil inventories.
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.