The Accuracy of WalletInvestor’s Forecasts - Monthly Results

Dora_WalletInvestor

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Aug 17, 2020
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February 2021


February was easily one of Wall Street’s wildest months since March 2020. Stocks and cryptocurrencies hit record highs then plummeted under just a few days.
This month has been a rollercoaster for many people. In order to help investors develop their future trading strategy, we would like to show our reliability results of our AI-based forecast system. This time for the measurement, which lasted from 1st-28th February, the price change rates of 20 popular investment targets were under review, and the result was a success rate of 72.16% in terms of accuracy.

For more details, check out the Walletinvestor.com Magazine



Disclaimer:
This article cannot be considered financial advice. We do NOT provide financial advice. We are constantly developing our algorithm, but we cannot be held responsible for the accuracy of the data. Before you decide to rely on any information provided by us, we would like to inform you, that the cryptocurrency, stock, commodity, fund, and forex rates are influenced by many things, therefore, information herein should not be used to make financial decisions, as we cannot guarantee any profit and we cannot accept any liability for any losses or damages you may incur. Trading and investing carries a HIGH LEVEL OF RISK, you could lose some or all of your investment. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and the risks. You alone are responsible for your actions in any trading or investing activities.
 

Dora_WalletInvestor

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Aug 17, 2020
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We are pleased to share the results:
  • International Flavors & Fragrances, Inc. [IFF] 78,95%
  • Wayfair, Inc – Class A [W] 84,21%
  • Ford [F] 73,68%
  • Micron Technology, Inc. [MU] 68,42%
  • Churchill Capital IV [CCIV] 73,68%
  • Xpeng, Inc – ADR [XPEV] 63,18%
  • Snap, Inc – Class A [SNAP] 89,47%
  • Pfizer, Inc [PFE] 73,68%
  • Roku, Inc – Class A [ROKU] 52,63%
  • Salesforce.com, Inc [CRM] 73,68%
  • Exxon Mobil Corp. [XOM] 78,94%
  • Zynga, Inc – Class A [ZNGA] 68,42%
  • Intel Corporation [INTC] 78,95%
  • Baidu, Inc – ADR [BIDU] 68,42%
  • Ethereum [ETH] 64,29%
  • American Airlines Group, Inc [AAL] 78,95%
  • Netflix, Inc. [NFLX] 57,90%
  • First Majestic Silver Corp. [AG] 73,68%
  • Facebook, Inc – Class A [FB] 68,42%
  • Peloton Interactive, Inc – Class A [PTON] 73,68%
Based on the above, we can conclude that Walletinvestor.com had a success rate of 72,16% in terms of the accuracy of the price changes between the studied period of 1st-28th of February, 2021.
 

Dora_WalletInvestor

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Aug 17, 2020
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Naturally, outcomes depend on many things and various factors influence price changes, thus, we would like to share forecasts where the predicted price did not match the actual prices of that day. Our February counter-example is the Wells Fargo & Co. [WFC] stock price forecast with the 26.32% accuracy.
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
296
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March 2021


March saw the first major signs of a reopening combined with the distribution of $1.9 billion in stimulus. A lot of checks went into stocks and assets, affecting the market as a whole.

While many have already spent it, if you are still sitting on yours or just have some funds you would like to invest, you may want to consider using our AI based forecasts system. As a test of precision, we looked at the price movements of 20 well liked stocks between March 1 and 31 and compared them to our predictions, an experiment that yielded an accuracy rate of 69.14% for the month.
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
296
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We are pleased to share the results:

International Business Machines Corp. [IBM]91.31%
Tesla, Inc. [TSLA] 65.31%
Apple, Inc. [AAPL] 73.97%
Array Technologies, Inc. [ARRY] 73.91%
NIO, Inc. – ADR [NIO] 65.18%
Citigroup, Inc. [C] 73.91%
Peloton Interactive, Inc. – Class A [PTON] 65.22%
Boeing Co. [BA] 60.87%
fuboTV, Inc. [FUBO] 69.56%
Alibaba Group Holding Ltd – ADR [BABA] 60.81%
Microsoft Corporation [MSFT] 56.52%
Nikola Corporation [NKLA] 82.61%
Bilibili, Inc. – ADR [BILI] 65.22%
Plug Power, Inc. [PLUG] 69.69%
Power Corporation Of Canada [POW] 78.26%
Roku, Inc. – Class A [ROKU] 52.17%
Snowflake, Inc. – Class A [SNOW] 69.52%
Teladoc Health, Inc. [TDOC] 69.45%
Advanced Micro Devices Inc. [AMD] 61.01%
Bank Of America Corp. [BAC] 78.31%​
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
296
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Taking the average of these 20 results, we can conclude that our system was correct in 69.14% in terms of the accuracy for the previously discussed March period.

Unfortunately forecasts are not perfect, the change in the markets and other factors are bound to drive some stocks in a different direction than expected, which is exactly what happened with Shopify Inc. [SHOP] this month, leaving our accuracy at 30.44%.

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