I Know First Weekly Review Algorithmic Performance: July 20th, 2020
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Investment Selection Using AI Predictive Algorithm
July 20, 2020
NOW Stock Forecast: Long-term Bullish Outlook For The Fast-growing Company
The article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.Summary:
- The cloud service company ServiceNow achieved 34% revenue growth in Q1 2020 and forecasts a 30% growth in Q2.
- Zoom adopted the Now platform and customer service management system to launch new services and improve customer support.
- I have a bullish outlook for NOW during the rest of 2020.
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Subscribe to receive exclusive PREMIUM content HereACLS Stock: Axcelsis Deserves A Price Target of $33
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.Summary
- Axcelsis Technologies, Inc. is an under-the-radar important player in the $415.1 billion semiconductor industry.
- Axcelsis supplies ion implanters and other processing equipment to semiconductor products manufacturers. This niche role helped Axcelsis achieved a 11.45% 5-year revenue CAGR.
- The stock of Axcelsis has 3-month price return of +34.87%. I’m still endorsing it as a buy. My 1-year price target for this stock is $33.
- Axcelsis has been profitable for the last five years. Its total cash is $174.7 million. This is much higher than Axcelsis’ total debt of $54.1 million.
- Monthly technical indicators and moving averages are saying ACLS is still a buy.
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Subscribe to receive exclusive PREMIUM content HereBest Tech Stocks Performance Report By I Know First Evaluation
Executive Summary
The purpose of this report is to present the results of live forecast performance evaluation for I Know First AI Algorithm, specifically for Big Tech Stocks. The following results were observed when signal and predictability filters were applied to pick the best-performing stocks out of the most predictable ones. The period under evaluation is from 21st November 2018 to 26th January 2020. The corresponding returns distribution of stock filters for Big Tech stock universe are shown below:
Big Tech Stock Package Highlights:
- Both Top 10 and Top 5 signals surpass the 24% mark in the one-year time horizon
- There is a clear increasing trend for returns improvement with the time horizon increase for both Top 10 and Top 5 stocks
- Both Top 10 and Top 5 stocks consistently out-perform the benchmark
The above results were obtained based on forecasts’ evaluation over the specific time period using a consecutive filtering approach – by predictability, then by signal, to give an overview of the forecasting capabilities of the algorithm for the specific stock universe.
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Deep Learning Algorithms: The Future of Financial Investment?
The article was written by Harry Chiang, a Financial Analyst at I Know First.Deep Learning & Finance
Summary:
- What is Deep Learning?
- Deep Learning Applications Today
- Deep Learning & Financial Markets
- I Know First's Role in the Machine-Learning World
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AI Hedge Fund: Artificial Intelligence Taking over Hedge Fund Markets
The article was written by Blair Goldenberg, a Financial Analyst at I Know First, and enrolled in a Masters of Finance at Colorado State University.Hedge Funds Using Artificial Intelligence
Artificial Intelligence Taking Over Hedge Fund Markets
Summary
- Artificial Intelligence and Hedge Funds
- Issues With Quantitative Hedge Funds
- Renaissance Technologies Medallion Fund
- I Know First and Hedge Funds
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AAPL Stock Forecast: Advances Ahead of Earnings Release
This article was written by Talia Shakhnovsky, a Financial Analyst at I Know First.
“The combination of negative investor sentiment, the potential for a services acceleration in June, and a low bar for September guidance keep us positively biased into earnings.”
- Morgan Stanley equity analyst Katy Huberty
I Know First Evaluation Report For The Tech Giants Stocks Package
Executive Summary
The purpose of this report is to present the results of live forecast performance evaluation for I Know First AI Algorithm, specifically for Tech Giants Stocks. The following results were observed when signal and predictability filters were applied in order to pick the best performing stocks out of the most predictable ones. The period under evaluation is from 1st January 2019 to 21st July 2019. The corresponding returns distribution of stock filters for Tech Giants stock universe are below:
Tech Giants Stock Package Highlights:
- The highest return of 3.00% came from stocks with Top 10 Signals on 1-month investment horizon
- There is a clear increasing trend for returns improvement with the time horizon increase for both Top 10 and Top 5 stocks
- Top 10 stocks consistently out-perform the benchmark
The above results were obtained based on forecasts’ evaluation over the specific time period using consecutive filtering approach – by predictability, then by signal, to give an overview of the forecasting capabilities of the algorithm for specific stock universe.
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