Australian Stocks Based on Big Data: Returns up to 31.39% in 3 Months
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 Months (6/10/24 – 9/10/24)
I Know First Average: 11.47%
The algorithm correctly predicted 9 out of 10 the suggested trades in the By Country – Australian Stocks Package for this 3 Months forecast. The prediction with the highest return was CDA.AX, at 31.39%. Other notable stocks were HUB.AX and PME.AX with a return of 27.61% and 26.11%. The package had an overall average return of 11.47%, providing investors with a 10.19% premium over the S&P ASX’s return of 1.28% during the period.
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.