Stock Shorting Based On Artificial Intelligence: Up to 45.99% Return in 3 Months
Stock Shorting
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
- Top 10 tech stocks for the long position
- Top 10 tech stocks for the short position
Package Name: Tech Stocks
Forecast Length: 3 Months (5/22/15 – 8/22/15)
I Know First Average: 22.46% (Short)
The algorithm correctly predicted that 8 of the 10 stocks would decrease during the predicted time horizon of 3 months in the tech stocks package forecast from 05/22/2015. The most impressive prediction was for Micron Technology, Inc. (MU), which offered an amazing return of 45.99% during the predicted time horizon to investors who shorted this stock. Other impressive returns were 3D Systems Corporation (DDD) and Sierra Wireless, Inc. (SWIR) which fell 45.05% and 34.54%, respectively. The average return from this forecast for investors who equally shorted all 10 stocks was 22.46%, offering a premium to investors over the S&P 500 return of -7.51% during the predicted time horizon.
Share price of the DRAM manufacturing company Micron Technology, Inc. (MU) have continued to fall this year as analysts worry about a lull in the demand for PC’s. Adding to this worry is the suspected of oversupply of units in the market which will drive down the price of PC’s, something already predicted to be in low demand. Based on this bleak outlook, analysts have been downgrading the stock which has caused the share price to continue to free fall.
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 algorithmic traders.
How to interpret this diagram
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
