Best Basic Materials Stocks Based on Algorithmic Trading: Returns up to 48.12% in 3 Months

Best Basic Materials Stocks

This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy based on artificial intelligence:

  • Top 10 Basic Industry stocks for the long position
  • Top 10 Basic Industry stocks for the short position

Stock Market Prediction Algorithm
Package Name: Basic Industry Stocks
Recommended Positions: Long & Short
Forecast Length: 3 Months (03/10/2019 – 06/11/2019)
I Know First Average: 8.65% (Long) & 16.66% (Short)
Best Basic Materials Stocks

During the 3 Months forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from HOV which registered a return of 48.12%. For the long positions the largest growth was registered by SID with a return of 30.08%, during the same period. The package itself, had an overall average return of 8.65%, in the long position, providing a premium of 3.45% over the SP500’s return of 5.20%. With regards to the short position, the package had an overall average return of 16.66%, providing investors with a premium of 11.46% over S&P500’s return of 5.20%. The I Know First’s Stock Market Algorithm accurately forecasted 8 out of 10 stocks, for the long position, and 10 out of 10 stocks, for the short position for this 3 Months forecasted period.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 219 communities in 34 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

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

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.

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