Robot analysts are better than humans at picking stocks, a new study found - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Robo-analysts seem to make better stock recommendations than human research analysts, according to a University of Indiana study.It found that portfolios based on the buy recommendations of robo-analysts outperformed those of human analysts, suggesting robo-analysts' buy recommendations are more profitable.

What's more, they found that robo-analysts collectively produce a more balanced distribution of buy, hold, and sell recommendations than do human analysts, and are less likely to rely on companies' periodic earnings reports when carrying out their analysis. For one thing, robo-analysts don't appear to outperform human analysts when it comes to the other side of the equation: sell recommendations. The Indiana study found "no evidence" to indicate that robo-analysts' sell recommendations are incrementally more profitable than those of human analysts.

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