I came across a fascinating little tool today. It’s a machine learning program designed to forecast returns in stocks.
It’s called the Trefis AI Engine and it draws from 8 years of past stock returns.
Given the intense interest in stock of AMC Entertainment Holdings, Inc., I had to see what the oracle would say.
AMC is up 34% in the last month. Based on past scenarios, what does the next month have in store?
The machine learning engine predicts a 20% return over the next month in this scenario.
Machine learning is a series of algorithms that can be used to identify patterns and make predictions. It powers Google search, Netflix recommendations, and even self driving cars.
Will the genie be right? I honestly don’t know. But I find the tool an interesting thing to play with.
Type in some scenarios of your own and let me know what you find in the comments at the very bottom of the page!
Kudos to Forbes for the tip.
More on AMC:
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