View full page at forexfactory.com

 

This Japanese Robot Calls the Market Better Than a Human

From bloomberg.com

On the 10th day of every month, Junsuke Senoguchi has just one thing on his mind -- the closing level of the Nikkei 225 Stock Average. That’s because Senoguchi, an unassuming man in his late 40s, has built a machine that’s been predicting the direction of Japanese shares, and once a month he gets a progress report on its success. The model makes a simple call -- whether the equity index will be higher or lower after 30 days -- and over almost four years it’s been right 68 percent of the time. “I’m so happy” when it works, said Senoguchi, a senior equity strategist at Mitsubishi UFJ Morgan Stanley Securities Co. in ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News