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

What is the best algorithm for stock prediction? ›

In particular, the LSTM algorithm (Long Short- Term Memory) confirms the stability and efficiency in short-term stock price forecasting.

What is the most accurate stock prediction model? ›

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.

Can I use AI to predict stock market? ›

Stock markets have always been hard to predict, but the best the AI can do is to create a model to predict prices with some degree of legitimacy. Then there are applications like the use of AI-Bots, which are known to use algorithms that can consistently beat the market returns.

Are stock prices determined by an algorithm? ›

To put it simply, the price of a stock is determined by supply and demand. If more people want the stock than the number of shares available, the price goes up. Conversely, when lots of people are looking to sell their shares, the price of the stock falls.

Which algorithm is best for prediction? ›

11 Most popular data prediction algorithms that help for decision-making
  • Linear Regression: ...
  • Polynomial Regression: ...
  • Decision Tree: ...
  • ARIMA: ...
  • XGBoost: ...
  • Gradient Boosting: ...
  • K-Nearest Neighbors (KNN): ...
  • Support Vector Machines (SVM):
Feb 18, 2023

Can ChatGPT predict the stock market? ›

While ChatGPT is a powerful tool for general- purpose language-based tasks, it is not explicitly trained to predict stock returns. In addition to evaluating ChatGPT, we also assess the capabilities of other prominent natural language processing models.

What is the most accurate prediction model? ›

Gradient Boosted Model

These models allow certain businesses to predict possible search engine results. The gradient boosted approach expresses data sets better than other techniques; hence, it is the best technique for overall data accuracy.

What is the best indicator to predict stocks? ›

Seven of the best indicators for day trading are:
  • On-balance volume (OBV)
  • Accumulation/distribution (A/D) line.
  • Average directional index.
  • Aroon oscillator.
  • Moving average convergence divergence (MACD)
  • Relative strength index (RSI)
  • Stochastic oscillator.

How to predict which stock will go up? ›

This method of predicting future price of a stock is based on a basic formula. The formula is shown above (P/E x EPS = Price). According to this formula, if we can accurately predict a stock's future P/E and EPS, we will know its accurate future price.

Is it illegal to use AI to trade stocks? ›

Algorithmic trading is now legal; it's just that investment firms and stock market traders are responsible for ensuring that AI is used and following the compliance rules and regulations.

Is there an AI bot that predicts stocks? ›

Tickeron. Another top option for an AI stock trading bot is Tickeron, which is an advanced platform that offers a wide range of AI trading options. The platform's AI Robots enables you to view bought and sold trades with potential profit and stop loss in real-time.

What is the best stock predictor website? ›

  1. 13 Best Stock Analysis Websites. 🔥 Seeking Alpha is one of the most rated stock analysis app. ...
  2. Seeking Alpha. Seeking Alpha is one of the most popular stock analysis sites with over 20 million monthly visitors. ...
  3. Morningstar. ...
  4. TradingView. ...
  5. TipRanks. ...
  6. Zacks Investment Research. ...
  7. 6. Yahoo Finance. ...
  8. Finviz.
Jan 17, 2024

Do stock trading algorithms work? ›

While it provides advantages, such as faster execution time and reduced costs, algorithmic trading can also exacerbate the market's negative tendencies by causing flash crashes and immediate loss of liquidity.

What is the success rate of algorithmic trading? ›

The success rate of algo trading is 97% Once you set the desired trade parameters, the program will do all the work. Bots monitor your trades to ensure you don't reach a loss point, leading to a success rate of up to 97 percent.

Can anyone predict stock prices? ›

The stock market is a complex and constantly changing system , making it difficult to accurately predict its movements . While there are mathematical models and algorithms that attempt to forecast stock prices , they are not foolproof and have limitations .

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.

Which regression is best for stock prediction? ›

Linear regression is the analysis of two separate variables to define a single relationship and is a useful measure for technical and quantitative analysis in financial markets. Plotting stock prices along a normal distribution—bell curve—can allow traders to see when a stock is overbought or oversold.

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