Are Forecasts like the one on WalletInvestor any good at actual predictions?

[zanetti_ro]

https://walletinvestor.com/forecast

While I'd be very interested to know what their algorythm is for making these forecasts, at the same time they can't possibly hope to predict anything in the real sense. Thoughts?

[vibingpositively]

Forecasts are guesses by definition as the dictionary says they are predictions in the future. I don't know about you but that feels like a physic to me, and I don't trust physics, no reason I should trust this "forecast" either.

[topesis]

That is why they call it forecast, what I am interested is if they can be right 65% of their picks than I am Ok, even with the improvement in technology sometimes weather forecast still get it wrong but if they can be right 6 or 7 out of 10 then that is a great performance