Stock Forecast Based On a Predictive Algorithm (2024)

I Know First Review

The stocks selected here are the top performing stocks from I Know First:Basic IndustryStocks for the last monthfound under the articletitled “StockPicking”. This forecast is part of the Top 10 Stocks package, as one of I Know First’s quantitative investment solutions. The “I Know First Average” return for the long position was 36.15% over the 1-month period outperforming the S&P 500’s 7.65% return by a wide margin.

Learn how to read the predictions:Instructions

Learn how to strategize with the forecast:Algorithmic Trading Strategies

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

Signal : 7.23

Predictability : 0.46

Return : 52.35%

Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, gold, silver, and cobs. Brazil licensing body says VALE request but progressing.Environmental licenses needed to maintain 100 million tonnes of annual iron ore production at Brazilian miner Vale SA are delayed but progressing.The last Thursday , VALE said that it is awaiting licences for 88 projects , which if not approved could result in the company being forced to cut half its production in the state of Minas Gerais. What’s more, The iron ore miners have also recuperated their losses. VALE has outperformed with a YTD gain of 25%, that explains why there was a growth of 52.35%

Signal : 7.19

Predictability : 0.4

Return : 10.50%

TransDigm Group Incorporated, through its subsidiaries, designs, produces and supplies aircraft components in the United States. In trading on March 17th, shares of TDG crossed above their 200 days moving-average of $224.58 ,changing hands as high as $230.00 per share. TDR shares are currently trading up about 3.2% on the day.

Signal : 6.49

Predictability : 0.37

Return : 106.73%

Companhia Siderúrgica Nacional produces steel. The company operates through five segments including steel, mining, cement, logistics, and energy. The company primarily produces carbon steel and various steel products for the distribution, packaging, automotive and construction industries. Brazilian industrial Stocks surged the last Thursday. The share of Brazil’s industrial stocks was surging this past Thursday as investors speculated.

Signal : 5.98

Predictability : 0.25

Return : 45.89%

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. About the new TELSA model , there is the most amazing thing about ‘Bioweapon Defense Mode”. In fact , this turns cabin air filtration up to 11, according to Telsa. The company will unveil its much-anticipated Model 3 mass-market vehicle in Los Angeles at the end of the March. Investors and fans are ecstatic to receive the new model 3.

Signal : 5.89

Predictability : 0.43

Return : 12.09%

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line and x-ray stand-alone metrology systems. On the 1st of march, NVMI (nova Measuring Instruments ) announced the availability of its annual report on form 20-F through its website.

Signal : 4.65

Predictability : 0.12

Return : 24.29%

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. For a challenge , engineers of the group wanted to load up the minivan with the latest technology and entertainment features that add weight. Fiat Chrysler achieved the weight loss by using more aluminium in key places. At 4.315 pounds , the model ‘new Pacifica” is now 250 pounds lighter than the outgoing Chrysler Town & country for example.

Signal : 4.59

Predictability : 0.24

Return : 6.74%

AAM is a leading, global Tier-One automotive supplier of driveline and drivetrain systems and related components for light trucks, SUVs, passenger cars, crossover vehicles and commercial vehicles. The company which is traded as AXL , on NYSE , will participate in the Bank of America Merrill lynch 2016 in New York the next March, 23rd 2016.

Signal : 4.56%

Predictability : 0.47

Return : 105.87%

United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). USS which is the largest steelmaker in the US will idle plants in three difference states , Ohio , Texas and Alabama as it continues to cut costs amid a global glut that has driven down prices. Indeed , the cuts come after the steelmaker posted a $1.5 billion loss for 2015 , compared with a $102 million profit in 2014.

Signal : 4.38

Predictability : 0.43

Return : 45.63%

Gerdau S.A. produces and commercializes steel products worldwide. It operates through Brazil, North America, Latin America, Special Steel, and Iron Ore segments. On March , 16th , Brazilian Steel producer Gerdau. CGB reported weak results for fourth quarter 2015 , incurring an adjusted net loss of 12.3 million as against earnings of 37.7 million in the year-ago quarter.The loss is explained by the higher cost of sales , selling expenses and financial expenses.

Signal : 4.15

Predictability : 0.44

Return : 16.54%

BorgWarner Inc. develops, manufactures, and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company has a market cap of $7.5 billion. So, BWA fell by 2.9% to close at $34.32 per share as of March ,8th 2016. Currently , BWA is trading 5.9% above its 20-day moving average .

Stock Forecast Based On a Predictive Algorithm (2024)

FAQs

How accurate are stock prediction algorithms? ›

Thus, if making a stock price forecast by the simplest method that today's price will be equal to yesterday's price (i.e., there is no change in stock price), then the degree of error is 7%. Thus, the baseline value of forecast accuracy is 93%. If the model's accuracy level is below 93%, the model is not efficient.

Which algorithm is best for stock prediction? ›

LSTM (Long Short-term Memory) is one of the extremely powerful algorithms for time series. It can catch historical trend patterns & predict future values with high accuracy.

What is the most accurate stock predictor? ›

1. AltIndex – Overall Most Accurate Stock Predictor with Claimed 72% Win Rate. From our research, AltIndex is the most accurate stock predictor to consider today. Unlike other predictor services, AltIndex doesn't rely on manual research or analysis.

Is stock market prediction a time sensitive prediction answer? ›

Stock market prediction is indeed time-sensitive as it aims to anticipate short-term or long-term price movements to make informed investment decisions. Therefore, the statement “Stock Market Prediction is a time-sensitive prediction” is True.

Can you trust stock predictions? ›

While there is no guarantee, the changes in ratings on a company may indicate the direction of their buying patterns. If they start "initial coverage," it may mean that they are considering adding the stock to their portfolios or have already started accumulating the stock.

Can AI really predict stock market? ›

AI-based high-frequency trading (HFT) emerges as the undisputed champion for accurately predicting stock prices.

Do stock trading algorithms work? ›

A trading algorithm can solve the problem by buying shares and instantly checking if the purchase has had any impact on the market price. It can significantly reduce both the number of transactions needed to complete the trade and also the time taken to complete the trade.

Which algorithm is best for prediction? ›

Logistic regression is a popular algorithm for predicting a binary outcome, such as “yes” or “no,” based on previous data set observations.

Which method is best for stock market prediction? ›

Alongside the patterns, techniques are used such as the exponential moving average (EMA), oscillators, support and resistance levels or momentum and volume indicators. Candle stick patterns, believed to have been first developed by Japanese rice merchants, are nowadays widely used by technical analysts.

Can you really predict the stock market? ›

Key Takeaways. Predicting the market is challenging because the future is inherently unpredictable. Short-term traders are typically better served by waiting for confirmation that a reversal is at hand, rather than trying to predict a reversal will happen in the future.

Which indicator has highest accuracy in stock market? ›

Which indicator has the highest accuracy? The Moving Average Convergence Divergence (MACD) indicator is often considered one of the most accurate technical indicators. That is because it uses a combination of moving averages to spot potential buy and sell signals.

Who is the most accurate stock picker? ›

Moby stands out as the top stock picking service for its reliable data & tools, user-friendly app, high-caliber team of analysts, and market beating performance of stock picks. Whether you're a busy professional or a dedicated investor, Moby helps you make informed decisions quickly and efficiently.

What are the disadvantages of stock prediction? ›

Stock market forecasting is challenging due to the volatility and uncertainty of stock prices, making it difficult to predict accurately. Traditional methods like ARIMA models struggle with non-linearity and dynamic price changes, relying heavily on historical data.

How do you predict if a stock will fall? ›

Some of the common indicators that predict stock prices include Moving Averages, Relative Strength Index (RSI), Bollinger Bands, and MACD (Moving Average Convergence Divergence). These indicators help traders and investors gauge trends, momentum, and potential reversal points in stock prices.

How often are stock forecasts correct? ›

Are Price Targets Accurate? Despite the best efforts of analysts, a price target is a guess with the variance in analyst projections linked to their estimates of future performance. Studies have found that, historically, the overall accuracy rate is around 30% for price targets with 12-18 month horizons.

How accurate is algorithmic trading? ›

Another reason why advisors use algorithmic trading is an increased level of accuracy. Algorithmic trading eliminates human error, as long as the rules for the algorithm are absolute, with no room for interpretation.

How successful are trading algorithms? ›

How effective is algorithmic trading? Algorithmic trading is inherently more effective than discretionary trading in almost any dimension worth analyzing. It not only consistently outperforms compared to manual trading, but it also has lower execution costs.

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