Best ETF To Buy Based on a Self-learning Algorithm: Returns up to 178.21% in 1 Year
Best ETF To Buy
This Best ETF To Buy forecast is part of the ETFs Package, as one of I Know First’s quantitative investment solutions. We determine the top ETFs by screening our database daily using our advanced algorithm. The full ETFs Package includes a daily forecast for a total of 20 ETFs with bullish and bearish signals:
- Top 10 ETFs for the long position
- Top 10 ETFs for the short position
Package Name: ETFs Forecast
Recommended Positions: Long
Forecast Length: 1 Year (1/2/23 – 1/2/24)
I Know First Average: 38.83%
10 out of 10 stock prices in this forecast for the ETFs Forecast Package moved as predicted by the algorithm. The top performing prediction from this package was TQQQ with a return of 178.21%. Further notable returns came from XLK and VGT at 50.63% and 47.55%, respectively. The package saw an overall yield of 38.83% versus the S&P 500’s return of 23.53% implying a market premium of 15.30%.
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.