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: 1 Month (9/18/2020 – 10/19/2020)
I Know First Average: 7.98%

During the 1 Month forecasted period several picks in the By Country – Australian Stocks Package saw significant returns. The algorithm had correctly predicted 8 out 10 returns. The greatest return came from MOC.AX at 26.51%. NXT.AX and BLD.AX also performed well for this time horizon with returns of 18.62% and 14.66%, respectively. The package had an overall average return of 7.98%, providing investors with a 1.94% premium over the S&P ASX’s return of 6.04% during the period.

Mortgage Choice Limited is engaged in mortgage broking. The Company’s mortgage broking activity involves the provision of assistance in determining the borrowing capacities of prospective borrowers; the assessment, at the request of those borrowers, of a range of home loans or other products, and the submission of applications on behalf of prospective borrowers. The Company’s product segments include Mortgage Choice franchised mortgage broking (MOC), Help Me Choose health fund and mortgage comparison Website (HMC), and Mortgage Choice Financial Planning (MCFP). MCFP includes revenue from wealth products, including investment advice, as well as all risk insurance products. The Company primarily writes home loans in Australia. Its brokers also help customers to source credit cards, car loans, commercial loans, asset finance, deposit bonds, and risk and general insurances. Its national network of mortgage brokers has access to a panel of over 20 lenders offering a range of loans.

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.