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Serhii Bond's Avatar
published in Blogs
Apr 27, 2023

AI trading Robot Pair Trader (TA), generated 18% for TMO over the past 3 months.

Over the past few years, artificial intelligence (AI) has become increasingly popular in the world of finance. One area where it has particularly shown its prowess is in trading. AI-powered trading robots have become a valuable tool for investors and traders looking to make more informed decisions and increase their returns. One such AI trading robot that has been generating impressive returns for its clients is the Pair Trader.

The Pair Trader is a sophisticated algorithmic trading system that uses AI to identify profitable trades in the stock market. Its recent success in generating 18% for TMO over the past 3 months is a testament to its effectiveness. The Pair Trader's strategy involves identifying pairs of stocks that are highly correlated and then taking advantage of any divergence between them.

The Pair Trader has been particularly successful in the electric utilities, services, real estate, and precious metals sectors. These sectors are known for their stability and relatively predictable behavior, which makes them ideal for pair trading. The robot uses technical analysis (TA) to identify patterns and trends in the price movements of these stocks and then makes trading decisions based on this data.

The results speak for themselves. Over the past 3 months, TMO has seen an 18% return on investment from the Pair Trader's trading strategy. This is an impressive performance that has outperformed many other investment strategies in the same period.

The use of AI in trading is still a relatively new development, but it has already proven to be a powerful tool for investors and traders. The Pair Trader is just one example of how AI can be used to identify profitable trades in the stock market. As AI technology continues to evolve, we can expect to see more sophisticated and effective trading robots emerge, offering investors even greater returns on their investments.

In conclusion, the Pair Trader is an AI-powered trading robot that has been generating impressive returns for TMO in the electric utilities, services, real estate, and precious metals sectors. Its success over the past 3 months highlights the potential of AI in trading and is a clear indication of the benefits it can offer investors and traders.

 

Related Ticker: TMO

TMO sees its Stochastic Oscillator ascends from oversold territory

On May 22, 2023, the Stochastic Oscillator for TMO moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 54 instances where the indicator left the oversold zone. In of the 54 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TMO's RSI Oscillator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for TMO just turned positive on June 01, 2023. Looking at past instances where TMO's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TMO advanced for three days, in of 371 cases, the price rose further within the following month. The odds of a continued upward trend are .

TMO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 09, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TMO as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TMO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TMO entered a downward trend on June 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TMO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.704) is normal, around the industry mean (29.021). P/E Ratio (33.557) is within average values for comparable stocks, (142.763). Projected Growth (PEG Ratio) (3.795) is also within normal values, averaging (5.650). Dividend Yield (0.002) settles around the average of (0.019) among similar stocks. P/S Ratio (4.613) is also within normal values, averaging (53.807).

Notable companies

The most notable companies in this group are Abbott Laboratories (NYSE:ABT), Medtronic plc (NYSE:MDT), Intuitive Surgical (NASDAQ:ISRG), Boston Scientific Corp (NYSE:BSX), Edwards Lifesciences Corp (NYSE:EW), IQVIA Holdings (NYSE:IQV), Illumina (NASDAQ:ILMN), Align Technology (NASDAQ:ALGN), Exact Sciences Corp (NASDAQ:EXAS), Guardant Health (NASDAQ:GH).

Industry description

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

Market Cap

The average market capitalization across the Medical Specialties Industry is 6.36B. The market cap for tickers in the group ranges from 27 to 3.82T. MKYSF holds the highest valuation in this group at 3.82T. The lowest valued company is FOGCF at 27.

High and low price notable news

The average weekly price growth across all stocks in the Medical Specialties Industry was -0%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 24%. IRME experienced the highest price growth at 90%, while PFGTF experienced the biggest fall at -72%.

Volume

The average weekly volume growth across all stocks in the Medical Specialties Industry was -36%. For the same stocks of the Industry, the average monthly volume growth was -48% and the average quarterly volume growth was -96%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 69
Price Growth Rating: 50
SMR Rating: 83
Profit Risk Rating: 85
Seasonality Score: 13 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of analytical and environment monitoring instruments

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
168 Third Avenue
Phone
+1 781 622-1000
Employees
130000
Web
https://www.thermofisher.com
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TMO and

Correlation & Price change

A.I.dvisor indicates that over the last year, TMO has been closely correlated with DHR. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if TMO jumps, then DHR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TMO
1D Price
Change %
TMO100%
+0.57%
DHR - TMO
87%
Closely correlated
-0.04%
A - TMO
79%
Closely correlated
+0.96%
MTD - TMO
77%
Closely correlated
-0.23%
WAT - TMO
76%
Closely correlated
-0.22%
IQV - TMO
73%
Closely correlated
+0.19%
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