The evaluation report published by I Know First on September 29th, 2020 announced that their algorithm achieved a hit ratio up to 100% resulting from their 1-year long forecasts. According to the data collected, during the period between June 1st, 2019 till September 13th, 2020 the company’s AI algorithm was able to produce predictions with accuracy no less than 62% for time horizons ranging from 3-days to 1-year. This period of COVID-19 was characterized by strong negative market signals, causing strong fluctuations and magnified overall volatility around March 2020 when S&P 500 index dropped by some 16%. This process included predictions for time horizons from 3 days to 1 year.

Overview

I Know First is An AI WealthTech company that provides state of the art self-learning, AI based algorithmic forecasting solutions for the capital markets to uncover the best investment opportunities.

The company provides daily investment forecasts for 10,500 assets: stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium and long term time horizons based on an advanced, self-learning algorithm.

The stock market forecast is delivered in an easy heatmap format, which includes two numerical indicators, signal, and predictability. The signal is an indication of the strength and the direction at which the asset price is expected to move – it can be positive or negative. The predictability indicates the historical correlation between the signal values and the actual asset price movements providing a signal’s reliability measure. The algorithm generates predictions for six-time horizons, which gives the customers the option to make long or short term investments.

The company’s report studied forecasts for the period from June 1st, 2019 till September 13th, 2020. This COVID-19 period although was harsh for stock market, yet I Know First’s forecast was still able to support robust and accurate trading results. Specifically, I Know First highly precise AI-driven Apple stock forecast delivered their customers highly accurate long and short stock signals allowing investors to open and realize their positions on this company with significantly less risk. It is to be noted that the market volatility affected returns across all the US economy sectors, and the above mentioned algorithm’s hit ratio also slightly decreased in comparison to I Know First previous report conducted for the period from January 2019 to March 2020. However, as it could have been expected one can also note that the decline was very slight and may also be affected that the comparable period of the previous report ended exactly in March may distort the comparison interpretation.

The major highlights are that algorithm has shown top-notch performance in its 2-weeks and 1-year stock market forecasts, reaching an accuracy rate of 78% and 100%, respectively, which means all the significant predictions’ majority for AAPL stock price movements were correct for both short and long term investment horizons. The performance for the rest of the forecasting horizons was always above 62%. The precision rates fluctuated slightly, but on average longer time horizons seemed to demonstrate higher accuracy rates. These rates were significantly higher than regular human-made predictions, in particular within such dynamic market context. The following table shows how accurate the algorithm was able to pick up on market fluctuations and supply its customers with accurate predictions.

Hi Ratio Per Time Horizon:

3 Days 1 Week 2 Weeks 1 Month 3 Months 1 Year
AAPL 62% 66% 78% 74% 73% 100%

Even the forecasts for the shortest time horizon have demonstrated an accuracy rate well above other machine learning forecast averages of 50%. What is more interesting, that these results are consistent in terms of hit ratio for also for Tesla Stock Predictions and for other top traded companies in the US market.

The I Know First AI-Powered Stock Market Forecasting Algorithm

I Know First was recognized by Geneva WealthTech Forum as one of the top fintech companies for successfully utilizing a proprietary developed an AI algorithm that provides AI stock trading forecasts for over 10,500 assets, including its daily S&P 500 forecast, forex forecasts and gold price predictio

The algorithm uses past data from up to 15 years ago and combines it with fresh market data to produce an accurate stock market predictions for its customers. By that way, I Know First algorithm represents a comprehensive approach to the market. I Know First algorithm gathers all the information that occurs within global and local markets, enabling it to put into consideration the smallest events that may have a large impact on the stock performance. Therefore, it ensures that its models accurately reflect the statistical patterns of the markets.

Moreover, the algorithm elaborates on its previous mistakes and failures and proceeds with several model reconfigurations when necessary. This ensures high algorithm’s adaptability to constantly changing market conditions reflected in the daily market data, such as COVID-19 crisis. The fact that I Know First eliminates any potential human bias in the system, helps their stock market outlook to be purely objective and statistically based.

By TS Newswire

TS Newswire is a PR DIstribution Agency.

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