MeshRanks Update: More analysts were evaluated
The dataset in the Meshranks tool has been expanded to now include financial analysts from Arabic TradingView alongside existing TickerChart. Meshranks shows that financial analysts for the Saudi stock market achieved an average accuracy rate of only 45% in their predictions, which significantly underperforms the 60-65% accuracy typically observed from professional analysts in developed markets.
Top overall analysts
The latest dataset reinforces concerns about analyst reliability in Saudi markets. Analysis of prediction outcomes reveals three top performers:
samer-2030: Highest success rate across all sectors, and
Ahmed Fahmy: Strong consistent performance, although it varies by sector/
Top analysts by sector
The data shows clear specialization patterns that merit attention from investors:
samer-2030 shows high accuracy rates in the following sectors: Energy, IT, and Consumer Goods.
Ahmed Fahmy outperforms all analysts in the following sectors: Retail and Telecommunications.
Retail investors should consider sector-specific analyst performance, rather than following experts primarily based on reputation or twitter popularity!
The MeshRanks tool remains accessible for free, and I will continue to refine it as I expand the dataset:
https://mealkhowaiter.shinyapps.io/MeshRanks/