Visa Expected To Surge In 2016

Visa Inc. (V) is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing, and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

I Know First wrote an article about  on October 7th, 2015, in accordance to the algorithmic signal. The article claimed that Visa had a  bullish signal because the company is currently working itself into mobile payments which are meant to increase revenue. The credit card company, in general, was supposed to receive a major boost. In 2015, Visa had set record-highs with a 20% return.

One of the strengths Visa had in 2015 was that, unlike a lot of companies, it didn’t suffer from the problems with the global economy. This was because the vast majority of the world will still use a credit card regardless of how poor the economy is. There was an increase of the volume of growth in every region of the world, particularly in Latin America. Overall payment transactions increased by 9 billion from the year to 89 billion in 2015.

Visa has a lot of opportunity for more growth this year. The company is working to set up operations in China, which is a surefire way to produce revenue. Mobile pay is expected to become more mainstream, which will help as well.  Gas prices will also  be incorporated into the year by year comparison.

Forecast

I Know First published a bullish forecast on Visa. The three-month and one-year forecasts for Vus are included. The 3 Month period has a signal of 39.32and predictability of 0.26 and for the 1 Year period has a signal of 72.06 and a higher predictability of 0.43 for the same time horizon.

Previously I Know First’s Algorithm predicted the performance of Visa for the period of 8^th of September to the 8^th of December. As we can see in the 3-month predictions IKF had a positive one. The stock went up 14.71% during this period. The overall package performed well, bringing returns to investors taking evenly investments in each of the positions recommended by the algorithm and managed to get 15.74% return in 3 months. If we compare it to the S&P500 performance of 7.41% the I Know First Average performed much better.