Australian Stocks Based on Pattern Recognition: Returns up to 38.31% 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 (6/3/24 – 9/3/24)
I Know First Average: 12.65%
I Know First’s State of the Art Algorithm accurately forecasted 8 out of 10 trades in this By Country – Australian Stocks Package for the 3 Months time period. The top performing prediction from this package was CDA.AX with a return of 38.31%. PNI.AX and HUB.AX also performed well for this time horizon with returns of 30.27% and 29.45%, respectively. The package had an overall average return of 12.65%, providing investors with a 8.24% premium over the S&P ASX’s return of 4.41% 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.