This algorithmic article was written by Yutong Li – Analyst at I Know First, Master's candidate at Brandeis University.
Highlights:
The global algorithmic trading market has risen tremendously these years, and algorithmic trading has dominated more than 80% of the stock market nowadays
Benefits of algorithmic trading today include the elevated speed of execution, reduction in transaction time, lower risk of errors, free of human bias, etc.
The total algorithmic trading market is projected to touch $18.8 billion by 2024
The concept of short selling is often seen as something immoral or alarming to many traders. Traders often assume that because mutual funds and financial planners go long, it is more correct to do. When you short sell you are actually borrowing a stock at a fee, and selling it on the market. At some point the trader “covers” his sale by repurchasing the stock at the current market price, and returning the shares to the lender. If the price is lower the short seller makes a profit, else he makes a loss.
“Eighty percent of daily volume in the U.S. is done by machines” - Guy De Blonay, fund manager at Jupiter Asset Management
Summary:
New long-term strategies are being built around algorithmic trading and machine trading is now slowly eating further into long term investments.
The volume of trades in the USA done by machines can be up to 80% according to recent claims.
Blackrock are set to give a number of their financial analysts the boot in favour of a more updated trading strategy that draws on machines and Artificial Intelligence.
I Know First’s state of the art algorithm, uses Artificial Intelligence and self-learning capabilities to predict asset price movements in the market today.
I Know First CEO Yaron Golgher chairs a panel on “Algo Trading & Prediction Tools 2019“
The iFXO EXPO ASIA the largest business to business financial exposition of its kind was held on the 22nd to 24th January. The exposition brought together a collective of the world’s brightest minds gathered in one place to discuss the hottest industry topics. The panelists consisted of many CEO and industry experts to explore the future solutions of the financial industry. I Know First CEO Yaron Golgher was asked to chair a panel on “Algo Trading & Prediction Tools 2019” pictured above, in the iFX EXPO ASIA.
The above poster are the members of the panel that presented at iFX EXPO. The topic of discussion was focused around the record trading volumes of July 2018 and what the catalysts may be for setting new records in trading volume in 2019 and beyond. In particular a focus on what are key determinant factors to look for driving the crypto market higher or lower in the short term i.e.1 to 6 months and 2. the mid term as in next 6-12 months.
The panel was led by Benoît Brookens III the CEO and Founder of Accrue, a very large database and machine intelligence company that is building the Almanac™ for global event analytics across industries. He is affectionally known as Dr. Big Data and notably participated in the World’s First Data Scientist Summit in 2011.
The exhibition was well attended attracting over 35,000 attendees from across the globe, connecting businesses worldwide. With well over 1,500 different companies choosing to exhibit at this event. I Know First attended as past of the crypto and FinTech track and helped those attending discover more about the rapidly shifting digital asset marketplace. I Know First CEO Yaron Golgher was able to provide a detailed in depth insight into the use of modern prediction tools available to investors.
I Know First at the iFXExpo Asia-Hong Kong! Looking forward to talk at the fintech panel titled:”algo trading and prediction tools. Feel free to ping me if you'd like to meet and learn more about @i_Know_First AI Based predictive solutions #ifxexpopic.twitter.com/mtBds9pNjM
AMC Entertainment Holdings, Inc. (AMC), through its subsidiaries, operates as a theatrical exhibition company in the United States and internationally. It owns, operates, or has interests in theatres. As of June 30, 2016, the company owned, operated, or had interests in 386 theatres with 5,334 screens primarily in the United States. Now, counts more than 1,000 theatres and 11,000 screens across the globe. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. (AMC) operates as a subsidiary of Wanda America Investment Holding Co. Ltd.
Source: Bloomberg
On July 19th I Know First AI Algorithm issued a bullish 3 months forecast for AMC Entertainment stock with predictability indicator of 0.24 and signal indicator of 9.79. In a good agreement with the forecast the AMC stock is up 40.98% just in 3 months. Below we provide the I Know First heatmap that was send to our clients July 19th:
The results were quite positive in this year for the Company. On May 3 2018, Board Of Directors announced a dividend for the quarter ended March 31 2018. The amount of the dividend in this second quarter was arounr $25,7 milion. On July 24 2018 Board of Directors announced that its has declared a dividend for the quarter ended June 30, 2018, of $0.20 per share on shares of Class A and Class B common stock, its eighteenth consecutive. In addition, AMC Entertainment Holdings Inc in September 2018 said it bought back 24 million shares from its top investor, the Chinese Dalian Wanda Group and issued $600 million worth of convertible notes to private equity firm Silver Lake. Earlier in September, Reuters reported Wanda was exploring a deal to cut its stake in AMC. After the transaction, Wanda now owns about 38% of AMC shares (its previous majority stake 60%). As part of the deal, Silver Lake will get a seat on AMC’s board. Wanda acquired a majority stake in AMC in 2012 for $2.6 billion, in what was then the largest overseas acquisition by a privately held Chinese company and Wanda’s first foray into the United States. In 2017, Chinese regulators told banks to stop providing funding to companies such as Wanda, HNA Group Co Ltd and Anbang Insurance Group Co Ltd for overseas acquisitions, amid concerns over financial overstretching.
Chart shows rising trend.
As Loyalty Program, AMC announced that AMC Stubs A-List, With more than 400,000 members, has achieved 80% of the Company’s one-year membership goal and 40% two-year membership goal in just 14 weeks. Adam Aron, AMC CEO and President, said, “While we do not plan to issue A-List enrollment statistics on a weekly basis, our hitting more than 400,000 enrolled members only three months and a week after launching the program is an enormous milestone”.
Current I Know First subscribers received this bullish forecast on July 19
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.
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.
