Australian Stocks Based on Data Mining: Returns up to 18.03% in 14 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: 14 Days (12/21/20 – 1/4/21)
I Know First Average: 5.13%
Australian Stocks
Australian Stocks chart

During the 14 Days forecasted period several picks in the By Country – Australian Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. SWM.AX was the highest-earning trade with a return of 18.03% in 14 Days. Further notable returns came from PNI.AX and SYR.AX at 9.04% and 8.33%, respectively. The package had an overall average return of 5.13%, providing investors with a 4.70% premium over the S&P ASX’s return of 0.43% 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.