Australian Stocks Based on Machine Learning: Returns up to 32.58% 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 (12/23/20 – 1/6/21)
I Know First Average: 8.63%
In this 14 Days forecast for the By Country – Australian Stocks Package, there were many high performing trades and the algorithm correctly predicted 7 out 10 trades. The highest trade return came from SYR.AX, at 32.58%. The suggested trades for SWM.AX and PNI.AX also had notable 14 Days yields of 15.52% and 10.92%, respectively. The package had an overall average return of 8.63%, providing investors with a 8.11% premium over the S&P ASX’s return of 0.52% 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.