Australian Stocks Based on Stock Algorithm: Returns up to 52.63% 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 (9/1/21 – 12/1/21)
I Know First Average: 13.39%
Australian Stocks
Australian Stocks chart

During the 3 Months forecasted period several picks in the By Country – Australian Stocks Package saw significant returns. The algorithm had correctly predicted 7 out of 10 returns. The prediction with the highest return was MLX.AX, at 52.63%. LYC.AX, and PPS.AX had notable returns of 32.41% and 20.42%. The package had an overall average return of 13.39%, providing investors with a 16.78% premium over the S&P ASX’s return of -3.39% during the period.

Metals X Limited is a diversified resource company engaged in developing and exploring for minerals and metals in Australia. The Company produces tin, copper and nickel. Metals X is 100% owner of the Nifty Copper Operations (Nifty), located in the East Pilbara region of Western Australia. Nifty comprises an historical open pit oxide mine and an underground sulphide mine. The Company is a significant tin producer through its 50% ownership of the Bluestone Mines Tasmania Joint Venture. The key assets of the joint venture are the Renison Tin Mine, a 700,000 ton per annum tin concentrator plant, and the Renison Expansion Project. The Company’s nickel division consists of its 100% ownership of nickel assets in the Central Musgrave Project (CMP) located in the Central Musgrave Ranges. The CMP project encompasses 1,957 square kilometers of prospective exploration tenure that includes the Wingellina nickel deposit, the Claude Hills nickel deposit, and the Mt Davies exploration prospects.

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.