Even human fund managers run hot and cold. "Investing" in the stock market is not much different from gambling at a casino, just more respectable. (And for every investing strategy out there I am sure there's a gambling system that some poor schlub will bet his last dollar on)
One way to gauge the ability of an AI stock picker would be to track its performance against an Exchange Traded Fund in that sector. ETFs are like mutual funds in that they are a basket of securities, but they trade like individual stocks.
Tracking to an ETF would provide a gauge that would show how AI stock picks do against the broader market.
Even human fund managers run hot and cold. "Investing" in the stock market is not much different from gambling at a casino, just more respectable. (And for every investing strategy out there I am sure there's a gambling system that some poor schlub will bet his last dollar on)
One way to gauge the ability of an AI stock picker would be to track its performance against an Exchange Traded Fund in that sector. ETFs are like mutual funds in that they are a basket of securities, but they trade like individual stocks.
Tracking to an ETF would provide a gauge that would show how AI stock picks do against the broader market.
https://www.investopedia.com/terms/e/etf.asp