I Know First Evaluation Report of UK Stocks Package

Executive Summary

In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for short-term and long-term stocks from the London Stock Exchange which is sent to our customers on a daily basis. Our analysis covers the time period from 1 January 2019 to 30 June 2019. We will start with an introduction to our asset picking and benchmarking methods and then apply it to the UK stock universe as covered by the I Know First’s “UK Stocks” package. We will then compare returns based on our algorithm with the benchmark performance over the same period. 

UK Stocks Highlights:

  • The best returns were obtained in the 3 months time horizon, with the best performance being a return of 4.65% for the top 10 predictability and signal filtered assets during this time-horizon.
  • The top 5 predictability and signal filtered assets beat the benchmark in all time horizons, with the best outperformance being for the 3 day time horizon, where the top 5 assets beat the benchmark by over 265%.

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I Know First Evaluation Report For Bitcoin Forecasting Performance

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 25 June 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 77.68% 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 93% for the 3-months time horizon.

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I Know First Evaluation Report for Short-Term Currencies – June

Executive Summary

In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for the currency market with short term time horizons ranging from 1 to 6 days, which were delivered daily to our institutional clients. Our analysis covers the time period from 28 March 2019 to 9 June 2019. Below, we present our key takeaways from applying signal and volatility filters to pick the best performing currency pairs:

Currencies Highlights:

  • Top 5 currency pairs without volatility adjusted had better returns in the 1- and 2-day time horizons, providing an average return of 0.19% in the 1 day horizon which outperformed the benchmark by 1800%.
  • Top 5 currency pairs with volatility adjusted outperformed the benchmark in all time horizons, providing the highest return of 0.19% in 6 days.

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Winning WLK Stock Forecast: Westlake Chemical Partners Returns 22.53% in 14 Days

 

[Image Source: businesswire.com]
Westlake has seen a sharp rise of its stock in the recent few weeks, as it has received growing attention from investors and traders. As of Q3 2018 Robotti Robert has 5.73% invested in the company. Another 55,056 shares of Westlake Chemical Partners are owned by Contradictory Investment Management. Many more institutional clients hold large sums of stocks. WLK pays a dividend of 7.19%, which is very high compared to the industry average. It pays out 97.7% of its earning to its stockholders. On February 19 WLK is expected to report its quarterly earnings. Analysts expect earnings per share of $0.38, which is $0.08 down to prior year. The main reason for the latest rise in the stock, is that the stock declined over the last few months and many investors regarded this a good chance to buy stocks.

WLK saw a rise of 22.53% over a period of 14 days. The stock rose mainly due to the low valuation of the company. The stock rose constantly during the beginning of the 14-day period.

The chart below shows the forecast of I Know First and the top 10 stock picks published on December 25, I Know First has issued 14 days bullish forecast for WLK with the signal of 2.29 and the predictability of 0.48.

Current I Know First subscribers received this bullish forecast for WLK on December 25th.

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How to interpret this diagram

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.

About

Westlake Chemical Corporation, incorporated on September 3, 1991, is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two segments: Olefins and Vinyls. The Company is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

Disclaimer

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

I Know First Live forecast evaluation: Our Top S&P 500 Stocks Outperformed The Market from 2015 until 2018

The goal of this analysis is to demonstrate the out-performance of the Top S&P 500 Stocks 'I Know First' picked over the S&P 500 index. The analysis shows that for all the different time horizons, using 'I Know First’s' indicators to pick stocks out-performs the market. As a result, you can clearly see the effect of using the 'I Know First' signal and predictability indicators to get better hit ratios and returns for your portfolio.

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Bayesian Inference and I Know First’s Application

 

 

This article was written by Kwon Sok Oh, a Financial Analyst at I Know First.

 

 

Summary

  1. Introduction of Bayesian Inference and BAC Example
  2. Prior Distribution: Concepts and BAC Example
  3. Likelihood Function: Concepts and BAC Example
  4. Posterior Distribution: Concepts and BAC Example
  5. Posterior Predictive Distribution: Concepts and BAC Example
  6. Conclusion of Discussion and BAC Example
  7. I Know First and Bayesian Neural Networks

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TRIP Stock Forecast: A Light of Dawn or a Flash in the Pan

 

The article was written by Amber Zhou, a Financial Analyst at I Know First.

TRIP Stock Forecast

"The travel category is indeed enormous and outpacing other consumer spending worldwide, and TripAdvisor not only inspires travel, but also causes more travel – in particular by encouraging travelers to take longer trips by showing them how much more there is to see and do." – Charlie Ballard, director of strategic insights, TripAdvisor

Highlights:

  • Solid start of 2018 – a cheerful bottom-out
  • Rapidly scaling non-hotel segment from supply acquisition initiatives
  • Concerns remain on the shrinking hotel segment
  • Current I Know First Algorithm bullish forecast for TRIP

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