Systematic Trading Using Short Term Data Analysis : Up To 18.09% Return In 3 Days

Systematic Trading

This forecast is part of the “Stocks Under 5 Dollars” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks pick to long
  • top ten stocks pick to short

Package Name: Stocks Under 5 Dollars
Recommended Positions: Long
Forecast Length: 3 Days (02/12/2016 -02/15/2016)
I Know First Average: 4.52%

Systematic Trading

In this Systematic Trading forecast 6/10 stocks were correctly predicted by the algorithm. The stocks under 5$ forecast had a fantastic return despite the bearish market trend going on right now and also outperformed the S&P500 of 1.95%. The short period of three days was sufficient for stocks like CDE and FBP to bring returns of 18.09% and 10.96%.

Coeur Mining, Inc. (CDE) stock rose 33.20% in the 3-day time horizon in accordance with the algorithm’s bullish forecast from February 11th. This outstanding growth for the company occurred despite the loss revealed in the 4Q earnings report on February 10th. Coeur Mining, Inc. suffered a small slump around this time, likely due to the earnings report, but has continued an upward trend that began mid-January reaching a market cap of $601.8 million on February 12th.

Coeur Mining reported 4Q15 revenues of $164.32 million, up 1.14% from the previous quarter, while earnings were -$303.00 million, down 2,030.94% from Q3. The company’s change in cash flow was approximately the same as the change in earnings for the quarter. Despite losses from Q3, the company reported revenue growth (%YOY) of 16.91% and earnings growth (%YOY) of 71.92% in the earnings report that was released on February 10th.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. 

Get today’s forecast and Top stock picks.