Australian Stocks Based on Stock Algorithm: Returns up to 49.15% 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 (7/21/24 – 10/21/24)
I Know First Average: 12.8%
The algorithm correctly predicted 8 out of 10 the suggested trades in the By Country – Australian Stocks Package for this 3 Months forecast. PME.AX was the top performing prediction with a return of 49.15%. The suggested trades for CDA.AX and LYC.AX also had notable 3 Months yields of 32.72% and 27.38%, respectively. The package had an overall average return of 12.8%, providing investors with a 7.99% premium over the S&P ASX’s return of 4.81% 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.