I Know First would like to offer you a special discount on a bundle of our top 10 stocks picks, S&P 500 Forecasts, and top 10 ETFs. Press the button below to get market forecasts delivered to your inbox daily:
Apple (AAPL) doubled its stock price summer 2016 to winter 2018. Then, AAPL jumped 33.04% afterthis favorable prediction through incentivizing iPhone upgrades, new product development, and customer loyalty.
Applied Materials (AMAT) is up 28.88% over the past few months. We explained why you should invest in AMAT in this article from May 30th, which discusses the trade war with China and falling demand for memory chips.
Google (GOOGL) also looks promising. GOOGL is up 12.96% since this positive predictionfrom February 10th, which analyzes Google's reliance on advertising revenue and Google Fiber.
MarketWatch Press Release - I Know First AI Algorithm Shows 79% Precision for S&P 500
The I Know First predictive AI algorithm has been able to forecast the movement of the S&P 500 index (^GSPC) with an accuracy of up to 79%. Based on the data collected from January to mid-July 2019, the AI algorithm has been consistently delivering forecasts with a precision above 60% for all time horizons. These forecasts ranged from 3 days to 3 months, working as a source of trade ideas for short- and mid-term operations.
I Know First Democratizes AI-Driven Stock Prediction
While the landscape of investment is diverse, an appetite for AI technology is the new norm across the financial sector. A recent poll shows that more and more institutional investors are warming up to high-tech with 48% identifying emerging technology as the top growth enabler over the next five years, as opposed to 18% agreeing in 2017. Consumers are ready to embrace AI in financial services as well.
JPMorgan Chase, one of the world’s largest investment banks, is utilizing AI for stock predictions. JPMorgan Chase's random forest algorithm is reported to consistently deliver predictions with over 67% accuracy. Its exact precision varies for the time horizon; the accuracy is also different for bullish and bearish stock predictions.
Investment Strategies and AI: New Tools for Time-Proven Practices
Investors use a wide variety of strategies. One such strategy is value investing, popularized by the legendary Warren Buffett. Value investors find the stocks that are undervalued by the market. Over time, the stock price starts to rise to the company’s actual value, boosting investor profit. This approach to investment focuses on long-term investments. Buffett explains, “if you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” Value investors utilize tools like contrarian investment (investing in underdogs) and rely on fundamental analysis to assess the value of a company.
AI forecasts are a useful tool for many investment approaches. Data-driven insights on a company’s expected future performance can help value investors analyze long-term performance.
NVDA Stock Prediction: Taking Their Punches and Rolling Strongly Ahead
Nvidia (NVDA) arrives today as a dominant force within the industry of semiconductors. Founded in 1993 and based in Santa Clara (the heart of Silicon Valley), Nvidia designs graphics processing units (GPUs) for the gaming and professional markets. The firm powers the PC gaming market, has refined modern computer graphics, and is revolutionizing parallel computing and aiding advances in the next generation of artificial intelligence.
Nvidia either already provides or has plans to provide services to every major technological advancement including Artificial Intelligence, Self-Driving Cars, cloud gaming software, and blockchain technology. In short, the semiconductor industry is responsible for supplying the software and processing power for every major technology platform currently in existence as well as those that have yet to be commercialized. This second area, the one about Nvidia supplying the products that have yet to be fully created, is what makes the stock so enticing, and is exactly where investors should focus on when deciding whether to make a bullish bet on ‘The Green Team.’
In this forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for assets from the short term Options universe. Our analysis covers the time period from 1 January 2019 to 14 July 2019.
The top 5 signals had better returns in all time horizons than the Benchmark Index. The best return came from the forecast for a 14-day time horizon which produced a return of 2.18% which outperformed the benchmark by 59%. Furthermore, the top 10 signals also had better returns in all time horizons than the Benchmark Index. The best outperformance against the Benchmark came from the forecast for a 3-day time horizon with 31% and produced a return of 0.59%. The Top 5 options filtered by predictability and signal tend to yield significantly higher returns than any other asset subset with a higher hit ratio as well, improving investment accuracy.
Apple Inc. is going to publish its earnings this week. Check out our new AAPL stock website featuring our Evaluation Report for AAPL forecasts. The I Know First AI algorithm was able to predict the movement of AAPL stock with 83% accuracy over a month time horizon, and 96% accuracy over a three month time horizon! Our Evaluation Report for Options also highlights our algorithm's success - both the top 5 and top 10 signals outperformed the benchmark for all time horizons. Sign upfor our daily market forecasts - with our AI algorithm, you can beat the market too!
I would also like to invite you to join I Know First on our new telegram channel in order to get all our latest updates, every day.
Warmest Regards Yaron Golgher, Co-Founder and CEO
Commodities, Gold & Currencies
Golden Gold Forecast: Returns up to 16.47% in 1 Year July 25 | Read More
Commodities Price Predictions: Returns up to 12.89% in 1 Month July 28 | Read More
Gold & Silver Outlook: Returns up to 8.42% in 14 Days July 28 | Read More
Best Currency Based on Big Data: 69.23% Hit Ratio in 30 Days July 21 | Read More
Forex Forecast Based on AI: 66.67% Hit Ratio in 3 Days July 21 | Read More
Exchange Rate Forecast: 63.46% Hit Ratio in 14 Days July 24 | Read More
On last week’s Apple Stock News, we focused on Apple's competition with Spotify, new emoji release, and privacy discussion with federal lawmakers.
This week, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for Apple Inc stock.
Our AAPL predictions had 96% Hit Ratio for 3-months time period, allowing our clients to be able to invest their money with close to zero risk. Moreover, predictions have consistently been above 65% accuracy in times of volatility.
