Stocks To Short Using Algorithmic Trading: Up To 44.47% Return In 3 Months

Stocks To Short Using Algorithmic Trading

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: 3 Month (5/22/2015 – 8/22/2015)
I Know First Average: 27.24% (Short)

Get the “Top 10 Stocks”-Package

Stocks To Short Using Algorithmic Trading

All the 10 stocks included in the Top 10 Stocks forecast from 05/22/15 decreased in accordance with the algorithm’s prediction for the 3 month time horizon. The top performing stock was Petróleo Brasileiro S.A (PBR) with immense return of 44.47%. Devon Energy Corporation, (DVN) and Guangshen Railway Co. Ltd. (GSH) also posted outstanding returns of 38.91% and 34.62% 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 -7.51% by 34.75% during the predicted time horizon.

Headquartered in Rio de Janeiro, Brazil, Petróleo Brasileiro S.A is a multinational energy firm operating mostly in Latin America. The state run company recently released its  second-quarter report. The company announced a profit of $171 million, reflecting a steep fall from $2,225 million in the year-earlier quarter. Moreover, Petrobras’ net operating revenues of $26,021 million were also well below the year-earlier level of $36,910 million.  The company’s poor performance can be mostly caused by the poor performance in crude oil sales.

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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