Bitcoin Forecast Performance Evaluation by I Know First – November 2019
Executive Summary
In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for Bitcoin currency pairs with time horizons ranging from 3 days to 3 months, which were delivered daily to our clients. Our analysis covers the time period from 1 January 2019 to 31 October 2019. Below, we present our key takeaways from applying our algorithm to determine the predicted direction in the given time horizon for Bitcoin currency pairs:
Bitcoin Currency Pairs Highlights:
- The best returns were obtained in the 1-month and 3-months time horizons, providing an average return of 53.83% in the 3-months time horizon.
- The best hit ratios were similarly obtained for the 1-month and 3-months time horizons, with the best hit ratio being 76% for the 3-months time horizon.
