FinBrain Technologies periodically posts the prediction performance results for S&P500, NASDAQ, NYSE, DOW30, Commodities, Foreign Currencies, Cryptocurrencies and ETFs. Our AI algorithms collect and analyze vast amounts of pricing, technical and market data for more than 6000 financial assets on a daily basis. Deep Neural Networks developed by FinBrain Technologies extracts the underlying characteristics of the stock price movements.
FinBrain provides 10-day ahead future price predictions, predictability indicators, historical financial data, news, company financials for all assets listed under the available markets. Our Top Long Portfolio consists of Top 10 stocks that are expected to gain the most value for the given time period. In this post, we are going to evaluate the prediction performances of Top S&P500 Long Portfolios for the 3-day, 5-day and 10-day prediction horizons.
Top Long Portfolio – 3-Day Horizon
The Top Long Portfolio that spans 22-Jul-2019 – 24-Jul-2019 Period has achieved 80% prediction accuracy, with an average return of 1.20%. The maximum gain was achieved by BIIB as 4.31% over a 3-day period. BIIB – Biogen Inc. is a Biotech stock listed under NASDAQ Index. Biogen Inc. is an American multinational biotechnology company based in Cambridge, Massachusetts, specializing in the discovery, development, and delivery of therapies for the treatment of neurodegenerative, hematologic, and autoimmune diseases to patients worldwide.
Top Long Portfolio – 5-Day Horizon
The 5-day Top Long Portfolio that spans 22-Jul-2019 – 26-Jul-2019 Period has also achieved 80% prediction accuracy, with an average return of 1.76%. The maximum gain was yielded by NFLX as 6.56%. Netflix’s stock has crashed by 11% on Jul, 18 after the earnings report. The company’s subscriber growth lagged behind the expectations and competition from Apple, HBO, and Disney is increasing dramatically. Despite the challenges Netflix faces, FinBrain’s algorithms predicted that the NFLX stock would gain some of the losses made on Thursday, back. FinBrain’s expected 5-day change for NFLX stock was 9.04% and the stock has gained 6.56% during that period.
Netflix, Inc. is an Internet subscription service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD.
Top Long Portfolio – 10-Day Horizon
The 10-day Top Long Portfolio has achieved 80% prediction accuracy, with a maximum return of 7.77% and an average return of 2.23% between 22-Jul-2019 – 02-Aug-2019 Period. CCI- Crown Castle International Corp stock was predicted to gain 8.85% value during the 10-day period, and the stock has returned a great 7.77% return.
Crown Castle is America’s largest provider of shared communications infrastructure, with more than 40,000 cell towers and approximately 70,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market.
FinBrain’s Alpha Generation Capability under Changing Market Conditions
Stock markets have plunged after FED Chairman Jerome Powell’s speech about the interest rates on July, 31 and US President Donald Trump’s announcements about more tariffs on Chinese imports on Aug, 1. Despite the negative outlook and major losses on the stock market, FinBrain’s algorithms have performed remarkably well in predicting the stock prices. Our algorithms have generated alpha even under the the volatile market conditions.
Our algorithms incorporate data collection, analysis, Deep Neural Networks and market predictability strategies in such a way that ensures alpha generation even under the most volatile conditions. You can read more about our predictability determination strategy on this article.
We definitely recommend you to subscribe to our S&P500, NASDAQ, NYSE, DOW30, Commodities, Foreign Currencies, Cryptocurrencies and ETFs prediction packages to achieve high returns and minimize losses under different market conditions. Our services ensure the best performance for our traders and help them generate alpha even under the times of high volatility.
We wish you a successful trading week.