The article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.
Summary:
The COVID-19 pandemic has been changing people’s eating habits, 43% customers are consuming more healthy food.
Many healthy food producers’ stocks benefitted from this trend in the food industry, for example, United Natural Foods more than tripled its stock price in 3 months, outperforming the index PBJ.
I Know First’s predictive AI is able to identify the next winner in the industry and help you win.
In this stock market forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for short positions for S&P 500 stocks which were daily sent to our customers. Our analysis covers the time period from January 1st, 2020, to March 25th, 2020. The report also demonstrates the performance since Coronavirus started affecting global economy (February 22nd). Below, we present our key takeaways of our stock market predictions.
Chart 1: Average returns for S&P 500 stocks to short forecasts for time horizons spanning from 3 days to 1 month against SPY (short position) since January 1st, 2020.
Chart 2: Hit Ratio for S&P 500 stocks to short forecasts for time horizons spanning from 3 days to 1 month since January 1st, 2020.
Chart 3: Average returns for S&P 500 stocks to short forecasts for time horizons spanning from 3 days to 1 month against SPY (short position) since February 22nd, 2020.
Chart 4: Hit Ratio for S&P 500 stocks to short forecasts for time horizons spanning from 3 days to 1 month since February 22nd, 2020.
S&P 500 Stocks to Short Evaluation Highlights:
Stock market forecasts for short positions that were generated achieved positive returns and outperformed SPY (short position) on both periods analyzed.
Signal filtering has a positive effect on returns for 3-,7- and 14 days time horizons.
I Know First algorithm performed impressive accuracy achieving hit ratios higher than 60% on every time horizon and reaching up to 98% on 14 days’ time frame over coronavirus times.
Press Release: CEO and Co-Founder Yaron Golgher Gives Lecture at The Academic College of Tel Aviv-Yaffo
Press Release: Tel Aviv District, December 20th, 2018 – I Know First CEO and Co-Founder Yaron Golgher Lectured at The Academic College of Tel Aviv-Yaffo
On Thursday, December 20, 2018, CEO and Co-Founder Yaron Golgher gave a lecture at The Academic College of Tel Aviv-Yaffo for students interested in finance, AI future and innovation.
The Academic College of Tel Aviv-Yaffo (MTA) is a pioneering non-for-profit and fully accredited public institution. We are dedicated to providing our community with academic opportunities that advance positive social change and sustainable economic security for the nation of Israel through the practice of new academia — experiential learning, applied research, and social commitment.
At first, Mr. Golgher presented the company I Know First and the way it works. The main topic was about predictions for 2019 for stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium- and long-term time horizons and the future of AI-based algorithmic forecasting, artificial intelligence, machine learning, and incorporates elements of artificial neural networks and genetic algorithms. During the session, students were interested in process of investing in the stock market. Mr. Golgher described how utilizing artificial intelligence could unveil undervalued investment opportunities.
The article was written by David Shabotinsky, a Financial Analyst at I Know First, and enrolled at an undergraduate Finance program at the Interdisciplinary Center, Herzliya.
Arbitrage Trading
“All things excellent are as difficult as they are rare.”-Benjamin Graham, The Intelligent Investor
Free lunch, or riskless profit. The idea seems theoretically impossible, as any intro economics course will explain that free lunch is impossible. This article will come to explain; why seemingly riskless strategies should incorporate AI based algorithms.
Summary:
Arbitrage opportunities are hard to locate but knowing which types exist can help investors watch for them
Hedge Funds today too many errors for the high costs that accompany them
I Know First Algorithm’s competitive advantages and usage in the market can subsitute/assist hedge funds
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
