Swing Trading Based on Algorithms: Up to 33.60% Return in One Month

Swing Trading

This Bank Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for a specific industry: Best Bank Stocks. It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:

  • Top 10 bank stocks for the long position
  • Top 10 bank stocks for the short position

Package Name: Bank Stocks
Recommended Positions: Long
Forecast Length: 1 Month (10/15/15 – 11/15/15)
I Know First Average: 13.39%

Swing Trading

The top 10 stocks for the long position were included in the 1 Month forecast from 10/15/2015 that was part of the Bank Stocks package. For the long position WisdomTree Investments  had the best performance during the predicted time horizon with an outstanding return of 33.60%. Other stocks with outstanding performance during the 1 Month time horizon was TREE and OSBC with a return of 25.74% and 18.78% respectively. The average returns for the long position was 13.39%, which out performed the S&P 500 return of 1.44% during the same time period.

WisdomTree Investments, Inc. (WETF) is an asset management company that focuses on exchange-traded funds (ETFs), they currently manage $61.7 billion (AUM). An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. ETF’s trade like normal equities on the stock exchange.
The Company has a portfolio of around six hedged equity ETFs. These ETFs provide exposure to a specified international equity market while hedging the currency exposure of that market relative to the United States dollar.

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.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.