Australian Stocks Based on Stock Algorithm: Returns up to 27.78% in 7 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: 7 Days (1/31/21 – 2/7/21)
I Know First Average: 9.96%
Australian Stocks
Australian Stocks chart

In this 7 Days forecast for the By Country – Australian Stocks Package, there were many high performing trades and the algorithm correctly predicted 9 out 10 trades. The top-performing prediction in this forecast was PNI.AX, which registered a return of 27.78%. SPL.AX and SWM.AX followed with returns of 26.67% and 19.44% for the 7 Days period. The package had an overall average return of 9.96%, providing investors with a 6.44% premium over the S&P ASX’s return of 3.52% 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.