Stock Valuation Based on Deep Learning: Returns up to 11.53% in 3 Months
Stock Valuation
Stock Valuation: This Utilities Stocks forecast is designed for investors and analysts who need predictions of the best utilities stocks to buy for the whole Industry. It includes 10 stocks with bullish and bearish signals and indicates the best utilities stocks to buy:
- Top 10 Utilities stocks for the long position
- Top 10 Utilities stocks for the short position
Package Name: Utilities Stocks
Recommended Positions: Long
Forecast Length: 3 Months (5/6/24 – 8/6/24)
I Know First Average: 3.98%
Several predictions in this 3 Months forecast saw significant returns. The algorithm has correctly predicted 8 out of 10 stock movements. The top performing prediction from this package was AWK with a return of 11.53%. PEG and AEP saw outstanding returns of 11.31% and 10.94%. This algorithmic forecast package presented an overall return of 3.98% versus the S&P 500’s performance of 2.19% providing a market premium of 1.79%.
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.