Stay Ahead Of The Curve: AI Weekly Apple Stock Prediction: Keep Investing and Winning with Apple - Stock Could Hit $325 The recent surge in Apple’s stock is because it remains a very profitable hardware company and has a fast-growing Services business segment company.Quarterly revenue from the Services segment is now $12.51 billion. This is 3.4x higher than Q1 2013’s revenue of $3.69 billion. My fearless forecast is that Apple will end its FY 2020 with $50 billion in annual revenue from Services. As of September 2019, Apple touts 450 million paying subscribers to its various services. More importantly, I really like the 30% cut that Apple gets from iOS in-app purchases. Since 2008, iOS app developers’ cumulative earnings from Apple’s app store is $155 billion. Apple said 25% of that ($38.75 billion) came from 2019. You should add more AAPL shares because this company makes more than $11.6 billion in annual commissions from iOS in-app purchases. More than 80% of that $11.6 billion is from 30% cut from iOS gamers’ spending.



Read more. Finance Magnates Feature: Cracking the Secrets of Big Data - AI and Its Use for FinTech As FinTech advances, more creative and ground-breaking innovations will continue to generate exciting trends in the market. While the spectrum of innovations is broad, one of the main developments that have captured the most attention is Artificial Intelligence (AI). There are many elements of AI in the use of the financial industry.



Case Study: I Know First

I Know First uses AI technology to create algorithmic forecasting solutions for capital markets to discover the most favorable investment opportunities. The underlying technology of this algorithm is based on AI and machine learning by initiating daily market predictions for stocks, ETFs, interest rates, currencies, and world indices for all time horizons. I Know First is an innovative and fast-growing FinTech company that reflects how AI has opened up markets in the banking, hedge fund, and financial institution sectors. Read more. Futures Feature: Wealth-tech Company Developed a New AI-Powered Predictive Model Identifying the Best Stock Market Opportunities Before Opening The evaluation report published by I Know First is based on analysis of the algorithm’s past performance and covers the time period from 19 June 2019 to December 8, 2019. This period falls into one of the roughest times of 2019, which itself could be characterized as one of the most unpredictable years in US market history. The VIX volatility index demonstrated significant decline overall since the start of the year, but the new thing spotted by traders this year is that in May and August-October months when the index showed significant jumps the correlation between VIX and S&P 500 index actually increased.



Within this context the published report demonstrates how forecasts that survived the Global Model filtering method, can be successfully applied to generate higher returns with better accuracy over time. While the Daily Forecast model achieved positive returns for all time horizons with consistent positive effect of signal-based filtering, the Global Model improved performance even further. Trading recommendations provided after the Global Model filtering proved to be more accurate, with average hit ratio that ranges from 59% to peaking 75% on 3-months horizon. In addition, the data shows that the Global Model is more efficient in generating returns, with the average return for each time horizon consistently higher from both the average return obtained with the Daily Model, and the S&P 500 average return during the intervals when the forecasts were active. The highest average return achieved by the Global Model was 6.86%, for the 90- days’ time horizon. The average returns for different time horizons were lower but positive and above S&P 500’s returns over the respective periods. Read more. Best Brazilian Stocks: Daily Forecast and Global Model Performance Evaluation Report In this stock market forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for Brazilian Bovespa component stocks which were daily sent to our customers. Our analysis covers the time period from 19 June, 2019, to December 26, 2019.



Evaluation highlights: Stock market forecasts that were generated by both the Daily and Global models achieved positive returns that outperformed the Ibovespa index.

Except in a few cases, signal filtering proved again to have a strong effect on returns. Top 5 filtering achieved returns of up to 12.01% and outperformed the Ibovespa index by a significantly high margin.

The Global model effect was observed only for long time horizons, where it achieved impressive returns and exceptional accuracy: for the 30 and 90 days, average returns were 10.56% and 20.25% respectively, while hit ratios were 71% and 90%.

Read more. Bayesian Neural Networks: Bayes' Theorem Applied to Deep Learning



From the founding of the company I Know First has used probabilistic approach to forecasting. In Bayesian terms the historical data represents our prior knowledge of the market behavior with each variable (asset) having its own statistical properties which vary with time. Each asset interacts with other assets in a complex way. Through machine learning multiple competing models of such interactions are created. Each model has a certain view of the markets based on what it has learned from past history. Combining that view with the present values of the market gives a conditional distribution of future values. Together these independent competing models create a “cloud” of predictions, with measurable statistical parameters.



The end result is a signal that is a weighted average of such predictions according to each past performance (~predictability). After each trading day, new data is added to the data set and is learned, resulting in the updated view of the markets. Thus, each new forecast is based on the latest updated model of the market (Bayesian posterior). Read more.

Want to learn more? 6 Practical Applications of AI: Banking & Finance Risk Assessment

5 Most Lucrative Israel FinTech Firms

i24 News Featured Video: Stock Predictions Using Artificial Intelligence