Top Robinhood Stocks Based on Big Data Analytics: Returns up to 48.83% in 3 Months

Top Robinhood Stocks

This forecast is part of the Robinhood Trades Package, one of I Know First’s algorithmic trading tools. The full investment universe includes the most traded stocks by Robinhood stock trading platform users. Based on it, I Know First AI Algorithm identifies the most promising stocks and produces forecasts that include:

  • Top 10 stocks from Robinhood Trades for the long position
  • Top 10 stocks from Robinhood Trades for the short position

Robinhood Trades Forecast
Package Name: Robinhood Trades
Recommended Positions: Long
Forecast Length: 3 Months (9/9/2020 – 12/9/2020)
I Know First Average: 27.52%
Top Robinhood Stocks
Top Robinhood Stocks chart

For this 3 Months forecast the algorithm had successfully predicted 9 out of 10 movements. The top performing prediction from this package was SQ with a return of 48.83%. Other notable stocks were MFA and GM with a return of 40.36% and 37.21%. The package itself saw an overall return of 27.52%, providing investors with a 17.29% premium above the S&P 500’s return of 10.23% for the same time period.

Square, Inc. (SQ) develops and provides payment processing, point-of-sale (POS), financial, and marketing services worldwide. It provides Square Register, a POS software application for iOS and Android, which enables sellers across a range of business types to itemize products or services for faster checkout; Square Analytics that shows its sellers how their businesses are performing; Instant Deposit service that sends funds from a sale immediately to a seller’s bank account; and Square Reader for magnetic stripe cards, EMV chip cards, and NFC, which connects wirelessly to mobile devices. The company also offers Square Stand that transforms an iPad into a POS terminal; Square Invoices and Square Online Store for processing payments; Square Cash, a peer-to-peer payments service; and Square Appointments, a POS services. In addition, its products include gift cards, employee management, payroll, and other software and data services. Further, the company provides Square Capital, a financial service product, which provides merchant cash advances to pre-qualified sellers; Square Customer Engagement, a marketing service product; and Caviar, a food delivery service. The company’s customers include retail, services, food, and leisure industries. It serves sellers of various sizes, ranging from a single vendor at a farmers’ market to multinational businesses. Square, Inc. (SQ) was founded in 2009 and is headquartered in San Francisco, California.

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. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

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