The deep learning predictive AI algorithm developed by I Know First has shown an accuracy of up to 95% in its predictions for Facebook (FB).
“We provide AI-based forecasts for different time horizons. Machine learning algorithms do better on longer time horizons: the longer the time period, the greater the statistical significance and the greater the accuracy.” said I Know First CEO Yaron Golgher. “The algorithm is able to identify the trend, and to filter out the background noise. The longest forecast is for a year, but we also have a forecast for three month, and even for three days.“
“The accuracy varies for different assets. Some asset are more predictable, some less so. The customer is receiving forecasts on a daily basis along with the latest investment opportunities, and knows this predictability indicator in advance. For example, Facebook stock is more predictable than Snapchat. In general, a predictions success rate above 51% can allow one to make gains even on fully-automated short-term algorithmic trading as long as the portfolio is diversified enough,” CEO Golgher said.
Source: Marketwatch
