In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for short-term and long-term ETFs which is sent to our customers on a daily basis. Our analysis covers the time period from 1 January 2019 to 19 August 2019. We will start with an introduction to our asset picking and benchmarking methods and then apply it to the ETFs universe as covered by the I Know First’s “Top ETFs Forecast” package. We will then compare returns based on our algorithm with the S&P500 performance over the same period. Below we present our key takeaways:
ETFs Highlights:
The best returns were obtained in the 1 month time horizon, with the best performance being a return of 2.69% for the top 5 predictability and signal filtered assets during this time-horizon.
The top 5 predictability and signal filtered assets beat the benchmark in all time horizons, with the best outperformance being for the 2 weeks time horizon, where the top 5 assets beat the benchmark by over 87%.
In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for short-term and long-term stocks from the London Stock Exchange which is sent to our customers on a daily basis. Our analysis covers the time period from 1 January 2019 to 30 June 2019. We will start with an introduction to our asset picking and benchmarking methods and then apply it to the UK stock universe as covered by the I Know First’s “UK Stocks” package. We will then compare returns based on our algorithm with the benchmark performance over the same period.
UK Stocks Highlights:
The best returns were obtained in the 3 months time horizon, with the best performance being a return of 4.65% for the top 10 predictability and signal filtered assets during this time-horizon.
The top 5 predictability and signal filtered assets beat the benchmark in all time horizons, with the best outperformance being for the 3 day time horizon, where the top 5 assets beat the benchmark by over 265%.
In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for Bitcoin currency pairs with time horizons ranging from 3 days to 3 months, which were delivered daily to our clients. Our analysis covers the time period from 1 January 2019 to 25 June 2019. Below, we present our key takeaways from applying our algorithm to determine the predicted direction in the given time horizon for Bitcoin currency pairs:
Bitcoin Currency Pairs Highlights:
The best returns were obtained in the 1-month and 3-months time horizons, providing an average return of 77.68% in the 3-months time horizon.
The best hit ratios were similarly obtained for the 1-month and 3-months time horizons, with the best hit ratio being 93% for the 3-months time horizon.
In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for the currency market with short term time horizons ranging from 1 to 6 days, which were delivered daily to our institutional clients. Our analysis covers the time period from 28 March 2019 to 9 June 2019. Below, we present our key takeaways from applying signal and volatility filters to pick the best performing currency pairs:
Currencies Highlights:
Top 5 currency pairs without volatility adjusted had better returns in the 1- and 2-day time horizons, providing an average return of 0.19% in the 1 day horizon which outperformed the benchmark by 1800%.
Top 5 currency pairs with volatility adjusted outperformed the benchmark in all time horizons, providing the highest return of 0.19% in 6 days.
[Image Source: businesswire.com] Westlake has seen a sharp rise of its stock in the recent few weeks, as it has received growing attention from investors and traders. As of Q3 2018 Robotti Robert has 5.73% invested in the company. Another 55,056 shares of Westlake Chemical Partners are owned by Contradictory Investment Management. Many more institutional clients hold large sums of stocks. WLK pays a dividend of 7.19%, which is very high compared to the industry average. It pays out 97.7% of its earning to its stockholders. On February 19 WLK is expected to report its quarterly earnings. Analysts expect earnings per share of $0.38, which is $0.08 down to prior year. The main reason for the latest rise in the stock, is that the stock declined over the last few months and many investors regarded this a good chance to buy stocks.
WLK saw a rise of 22.53% over a period of 14 days. The stock rose mainly due to the low valuation of the company. The stock rose constantly during the beginning of the 14-day period.
The chart below shows the forecast of I Know First and the top 10 stock picks published on December 25, I Know First has issued 14 days bullish forecast for WLK with the signal of 2.29 and the predictability of 0.48.
Current I Know First subscribers received this bullish forecast for WLK on December 25th.
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.
About
Westlake Chemical Corporation, incorporated on September 3, 1991, is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two segments: Olefins and Vinyls. The Company is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products.
Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
The goal of this analysis is to demonstrate the out-performance of the Top S&P 500 Stocks 'I Know First' picked over the S&P 500 index. The analysis shows that for all the different time horizons, using 'I Know First’s' indicators to pick stocks out-performs the market. As a result, you can clearly see the effect of using the 'I Know First' signal and predictability indicators to get better hit ratios and returns for your portfolio.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
