Wealth Creation Investing Highlights Successful Brazilian Stocks Picking by I Know First

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I Know First was featured by Wealth Creation Investing in the most recent article published on their website. This article refers the algorithmic performance report that investigate the latest performance of I Know First forecasts for Brazilian stock market which was booming over the last years. The report mentioned two models that were studied – Daily Forecast Model and Global Model. The results obtained our team suggest that the predictive power of the algorithm in terms of the hit ratios was extremely high coupled with the fact that the average returns were consistently out-performing the local Brazilian benchmark index – Ibovespa. As such, for the 90-days forecasting horizon the stock market prediction were provided with the average 90% hit ratio and the average return totaled to 20.25% over period from June 19, 2019 to December 26, 2019. The main result of this research is that Global Model performance data uncovered that more strict filtering method by predictability being applied for stock picking, actually, yields far better results than Daily Forecast Model for the same forecasting time horizons and allows to focus on long-term investment options for wide range of wealth managers and funds that are backed by the most predictable assets in the market.

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I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, self-learning algorithm. Thus, the company’s algorithm predicts over 10,500 securities (and growing). Thus, it has capabilities to discover patterns in large sets of historical stock market data.

The underlying technology of the algorithm based itself on Artificial Intelligence. It also based itself on machine learning and incorporating elements of artificial neural networks and genetic algorithms. Moreover, the algorithm generates daily market predictions for stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium and long-term time horizons.