Australian Stocks Based on Algorithmic Trading: Returns up to 11.91% in 3 Days

Australian Stocks

Best Australian Stocks: This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top 10 Australian stocks for the long position
  • Top 10 Australian stocks for the short position

Package Name: By Country – Australian Stocks
Recommended Positions: Long
Forecast Length: 3 Days (12/27/2019 – 12/30/2019)
I Know First Average: 2.52%
Australian Stocks
Australian Stocks chart

The algorithm correctly predicted 6 out 10 of the suggested trades in the By Country – Australian Stocks Package for this 3 Days forecast. The highest trade return came from SDA.AX, at 11.91%. SYR.AX, and SLR.AX had notable returns of 11.91% and 7.69%. The package had an overall average return of 2.52%, providing investors with a 2.13% premium over the S&P ASX’s return of 0.39% during the period.

Speedcast International Limited is an Australia-based satellite services provider. The Company offers a range of products and services, such as network service, value added services, equipment sales and wholesale Voice over Internet Protocol (VoIP). Network service includes design, deployment, operation and maintenance of networks, including installation and configuration of equipment. Value added services include user applications (voice, video conferencing and video surveillance), network optimization (firewalls, filtering, data compression) and networking monitoring and management. The Company sells equipment directly to customers, including the very small aperture terminal (VSAT) that sends and receives transmitted data, modems, router and other types of equipment related to the provisioning of value-added services. The Company sells wholesale VoIP to telecom customers through the sale of voice minutes on a wholesale basis, which are then resold to the end user.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.