The stock list is generated on the 1 Jan 2022. These stocks have liquidity of more than USD100K per day. The returns after holding periods of 1 month, 3 months, 6 months and YTD are in the last 4 columns of the table. The mean (average) return for the entire universe is at the bottom of the table.
The list beats the mean return for the entire universe for all holding periods. As YTD 2022 is a brutal year, the AI wasn't exactly spared either - with a return of -9.6% vs the universe mean at -17.8%. Beating the average return by 8% is a mean feat in the Finance World. But the man in the street would scoff and say "AI doesn't work". Yeah, he is right. This AI is built to pick stocks. Perhaps another AI can be built to say "Should I pick stocks today?". This means that the AI can tell whether the stock market is going up or down the next period (be it day, month, quarter or year). Yep, that is the holy grail. The person who builds that will be richer than Bill Gates, Jeff Bezos, Elon Musk, Jack Ma and the Sultan of Brunei all added up together. Yes, we did try to do that.
The next post would analyze the 1 Feb 2022 list and do a post-mortem.
