Algorithms Accuracy Results
Click on the image below to see results of prediction for last 2 years
- In simple language, here’s how it works. Every week, on an average 3 out of 4 predictions meet target 100%.
- Target is defined as a price after x days to achieve y%
- For example, say AAPL trading today @ 100 and our prediction is it would reach 102 between now and before close of next 5 trading days.
- If it reaches even 101.99 during this period, we would say it was a failed prediction.
- If it reaches 102 on 6th trading day or later, we would say it was a failed prediction. In the chart above, the dark green represents 100 % successful predictions, lighter the shade of green means how close it came to target. Red means the price opened in other direction as of prediction and never came back, brown means that price kept on hovering around initial price.
The algorithm worked in all scenarios, like elections, unexpected events, war, bull/bear market. It was running every single day even when these Black Swan events happened
Chinese Markets Crash
First on the list, and coincidentally also the first event chronologically, would be the Chinese markets crash in January 2016. People around the world were happily welcoming the new year with open arms, but it was the exact opposite for investors who faced a dreadful start in the markets.
Britain’s decision to leave the European Union, more commonly known as Brexit, would definitely be one of the major events this year. On 23 June 2016, 51.9% of the Britains voted YES and led their country out of the 23 year old country union.
However the downward trend did not persist for long. Markets quickly rebounded as investors began pouring money into the US economy following Trump’s promises for large tax cuts and massive government expenditures. Within a day, the Dow Jones Index shot up by 257 points to 18,589 while the NASDAQ increased by 58 points to 5,258.
Federal Rate Hikes
On 14th December 2016, Janet Yellen the chairman of the U.S. Federal Reserve, announced the Federal rate hikes as expected by investors worldwide.