Defensive Stocks Based on Machine Learning: Returns up to 7.65% in 1 Month
Defensive Stocks
This Conservative Stock forecast is part of the Risk-Conscious Package, as one of I Know First’s quantitative investment solutions. We determine our best defensive stocks by screening our database daily for lower volatility stocks that are less risky. The full Risk-Conscious Package includes a daily forecast for a total of 40 stocks divided into four main categories:
- Top 10 Conservative stocks for the long position
- Top 10 Conservative stocks for the short position
- Top 10 Aggressive stocks for the long position
- Top 10 Aggressive stocks for the short position
Package Name: Conservative Stock Forecast
Recommended Positions: Short
Forecast Length: 1 Month (4/21/22 – 5/21/22)
I Know First Average: 3.44%
8 out of 10 top stock picks from the algorithm decreased as predicted for this 1 Month forecasting period. ELC saw monumental price change of 7.65% in just 1 Month. EAI, and EMP also had excellent performances with returns of 7.32% and 7.26% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period. 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.