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Online Investors Show Accuracy in Stock Forecasts

Strategic Insights

— 1 min read

In the third week of January, over 25,000 online investors visited the Investors Forecast web site, making stock forecasts for Friday, January 29th. The forecasts demonstrated remarkable accuracy, with 8 out of 20 high-profile stocks yielding predictions within 97% or more of the actual closing prices. Notably, Intel stock, which experienced a 9% weekly move, was forecast to close at $142.23 on January 22nd, just 0.09% shy of its actual closing price on January 29th. The site continues to provide 20 week-forward collective stock forecasts, available in graph form, and displays a real-time indicator of online investor sentiment, the I4C Ratio.

Key Takeaways:

  • Over 25,000 online investors visited the Investors Forecast web site during the third week of January, contributing to the collective stock forecasts.
  • 8 out of 20 high-profile stocks were forecast with accuracy within 97% or more, with the most accurate forecasts being KO (98.5%), MRK (98.2%), and AAPL (97.9%).
  • Intel stock was forecast to close at $142.23 on January 22nd, just 0.09% away from its actual closing price on January 29th, which was $140.9375.
  • The Investors Forecast web site provides 20 week-forward collective stock forecasts, displayed in graph form.
  • The site also features a real-time indicator of online investor sentiment, the I4C Ratio, which showed a reading of +2.57 on February 1st, indicating a bullish trend for the next two weeks.
  • The Chicago Tribune Business News is currently sponsoring the Investors Forecast web site.

Statistics:

  • 25,000+ online investors visited the Investors Forecast web site during the third week of January.
  • 8 forecasts were accurate to within 97% or more among the 20 high-profile stocks.
  • Intel stock experienced a 9% weekly move from $128.875 to $140.9375 on January 29th.
  • The I4C Ratio reading on February 1st was +2.57, indicating a bullish trend for the next two weeks.
  • The forecasts demonstrated remarkable accuracy, with 97.9% accuracy for AAPL and 98.5% accuracy for KO.

Sources:

  • Business Wire, February 1, 1999
  • Investors Forecast web site, http://www.investorsforecast.com
  • Chicago Tribune Business News, current sponsor of the Investors Forecast web site.

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