Consumer Stocks – AI-Powered Stock Algorithm Improves Accuracy to 70% Amid COVID-19
Executive Summary
In this stock market forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for the top consumer stocks for long and short positions which were sent daily to our customers. Our analysis covers the time period from January 1st, 2020 until March 30th, 2021.
Consumer Stocks Evaluation Report Highlights:
- The most impressive outperformance over S&P 500 index comes from the Top 5 signal group on the 1-week time horizon with more than 542.86% higher return.
- All the signal groups generated by I Know First outperformed S&P 500 index in all of the time horizons except the 1-year time horizon.
- The Top 20, Top 10, and 5 signal group generated by I Know First succeeded in outperforming S&P 500 Index on almost every horizon.
- Stock predictions’ hit ratio reaches 70% amid the COVID-19 pandemic. This is an improvement from 65% in our previous evaluation report.