Commodities Forecast: I Know First Commodities Coverage Update
Summary
- I Know First updated the commodity package which covers 44 commodity indices now.
- The best performers are the ^BCOMKw (up 40.46% over 7-days) and Nickel (up 196.43% over 1-year).
- I Know First continues to perfect the AI algorithm and provides Commodity services to both institutional and private customers.
- I Know First provides an investment strategy for institutional investors that generated a return of 100.18% and exceeded the S&P 500 return by 88.86%.
The algorithm of I Know First tracks and provides forecasting for a broad range of commodity indices to help our clients construct an effective portfolio based on their preferences and investment periods from 3-day to 1-year horizons. Currently, we have updated the commodity forecast package which covers now 44 commodity indices.
The Commodity Package is one of I Know First’s quantitative investment solutions. The commodity forecast is determined by screening the database daily using the advanced algorithm.
New Commodities Forecast Performance
In this 7 Days forecast for the Commodities Package, there were many high-performing trades and the algorithm correctly predicted 10 out of 10 trades. The top-performing prediction from this package was ^BCOMKW with a return of 40.46%. Further notable returns came from ^BCOMCO and ^BCOMCO2 at 30.91% and 27.77%, respectively. The package had an overall average return of 23.98% during the period.
Commodities Forecast Performance Before Updating
How to interpret these diagrams:
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
I Know First tracks and predicts many different commodities in the figure above we can see an example of how I Know First predicted commodities with strong long signals for the one-year period from 7th March 2021 to 7th March 2022. The algorithm correctly predicted 30 out of 32 trades with an accuracy of 94% and provided an average return of 44.66%. A particular notable result is that of the Nickel with the return of 196.43% in accordance with the I Know First bullish outlook back in March 2021.
The Structure of the Updated Package
I Know First currently generates daily predictions for over 10,500 investments, 89% of the MSCI All Country World Index, and is continuing to expand its coverage. Over the past year following requests from our clients I Know First has expanded its coverage of commodity indexes. As a result, the full list of the different commodity indices that I Know First provides coverage for as part of its daily market forecast:
| Ticker | Index |
| ^BCOMAL | Bloomberg Aluminum Subindex |
| ^BCOMBO | Bloomberg Soybean Oil Subindex |
| ^BCOMCC | Bloomberg Cocoa Subindex |
| ^BCOMCL | Bloomberg WTI Crude Oil Subindex |
| ^BCOMCL1 | Bloomberg WTI Crude Oil Subindex 1 M |
| ^BCOMCL1T | Bloomberg WTI Crude Oil Subindex 1 M |
| ^BCOMCL2 | Bloomberg WTI Crude Oil Subindex 2 M |
| ^BCOMCL2T | Bloomberg WTI Crude Oil Subindex 2 M |
| ^BCOMCL3 | Bloomberg WTI Crude Oil Subindex 3 M |
| ^BCOMCL3T | Bloomberg WTI Crude Oil Subindex 3 M |
| ^BCOMCL6 | Bloomberg WTI Crude Oil Subindex 6 M |
| ^BCOMCL6T | Bloomberg WTI Crude Oil Subindex 6 M |
| ^BCOMCN | Bloomberg Corn Subindex |
| ^BCOMCN2 | Bloomberg Corn Subindex 2 Month Forw |
| ^BCOMCO | Bloomberg Brent Crude Subindex |
| ^BCOMCO1 | Bloomberg Brent Crude Subindex 1 Mon |
| ^BCOMCO1T | Bloomberg Brent Crude Subindex 1 Mon |
| ^BCOMCO2 | Bloomberg Brent Crude Subindex 2 Mon |
| ^BCOMCO2T | Bloomberg Brent Crude Subindex 2 Mon |
| ^BCOMCO3 | Bloomberg Brent Crude Subindex 3 Mon |
| ^BCOMCO3T | Bloomberg Brent Crude Subindex 3 Mon |
| ^BCOMCO6 | Bloomberg Brent Crude Subindex 6 Mon |
| ^BCOMCO6T | Bloomberg Brent Crude Subindex 6 Mon |
| ^BCOMCOT | Bloomberg Brent Crude Subindex Total |
| ^BCOMF1 | Bloomberg Commodity Index 1 Month Fo |
| ^BCOMFC | Bloomberg Feeder Cattle Subindex |
| ^BCOMHG1T | Bloomberg Copper Subindex 1 Month Fo |
| ^BCOMHO | Bloomberg Heating Oil Subindex |
| ^BCOMKC | Bloomberg Coffee Subindex |
| ^BCOMKW | Bloomberg Kansas Wheat Subindex |
| ^BCOMLH | Bloomberg Lean Hogs Subindex |
| ^BCOMNG | Bloomberg Natural Gas Subindex |
| ^BCOMNG2 | Bloomberg Natural Gas Subindex 2 Mon |
| ^BCOMNG2T | Bloomberg Natural Gas Subindex 2 Mon |
| ^BCOMNG3 | Bloomberg Natural Gas Subindex 3 Mon |
| ^BCOMNG3T | Bloomberg Natural Gas Subindex 3 Mon |
| ^BCOMNI | Bloomberg Nickel Subindex |
| ^BCOMRBTR | Bloomberg Unleaded Gasoline Subindex |
| ^BCOMSB | Bloomberg Sugar Subindex |
| ^BCOMZS | Bloomberg Zinc Subindex |
| ^URAXPD | World Uranium$ |
| ^XNG | NATURAL GAS |
| ^XOI | OIL INDEX |
| ^CEX | S&P CHEMICALS |
I Know First Commodities Portfolio
I Know First uses algorithmic outputs from the Commodity package to provide an investment strategy for institutional investors.
The investment strategy that was recommended to institutional investors by I Know First accumulated a return of 100.18% that exceeded the S&P 500 return by 88.86%.
