As of March 15, 2018, I Know First finished the implementation and the training period of its AI-based ranking and forecasting model for the main equities listed on the Hong Kong Stock Exchange (HKEX), specifically a selection of 640 stocks. On this date, I Know First published the first Hong Kong stock forecast for the subscribed investors in the local Hong Kong market, as the timing of the data feed and the forecast generation was adjusted to the respective time zone.
According to our forecast evaluation results, the predictions generated returns greatly surpassing that of the benchmark we have utilized, namely, the sample of equally-weighted 640 stocks from the Stock Exchange of Hong Kong held by I Know First, including all 50 constituents of Hang Seng Index.
For each covered stock the forecasts are generated daily for 6 main time horizons, expressed in calendar days/months/years: 3 days, 7 days, 14 days, 1 month, 3 months and 1 year.
The daily updated forecast consists of two numbers: the signal which indicates the predicted direction and strength of the stock’s movement in the respective time frame, and the predictability which indicates how predictable the algorithm considers the stock’s movements to be.
Currently, I Know First’s AI-based forecasting system covers 640 main equities listed on the Hong Kong Stock Exchange, which we have used as the benchmark below.
AI Added Value to the Investors
The predictive AI system can be used by investors/traders to make smarter investment decisions by:
Identifying promising opportunities in the Hong Kong stock
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This Best Chinese Stocks article was written by Erica McGillicuddy, Analyst at I Know First.
