Algorithmic Trading Strategy Based on Data Mining: Returns up to 33.31% in 1 Month

Algorithmic Trading Strategy

Best South African Stocks: This South African Stock forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top 10 South African stocks for the long position
  • Top 10 South African stocks for the short position

Package Name: By Country – South African Stocks
Recommended Positions: Long
Forecast Length: 1 Month (02/07/2018 – 03/07/2018)
I Know First Average: 9.87%
Algorithmic Trading Strategy

8 out of 10 stock prices in this forecast for the By Country – South African Stocks Package moved as predicted by the algorithm. MSMJ.J was our best stock pick this week a return of 33.31%. TFGJ.J and SHPJ.J followed with returns of 28.10% and 17.74% for the 1 Month period. The package saw an overall yield of 9.87% versus the S&P 500’s return of 1.17% implying a market premium of 8.70%.

Massmart Holdings Limited is a distributor of consumer goods. The Company is a retailer of general merchandise, liquor, home improvements and building supplies, and the food wholesaler in Africa. The Company operates through four Divisions: Massdiscounters, Masswarehouse, Massbuild and Masscash. The Massdiscounters division is a general merchandise discounter and food retailer. The Masswarehouse division is engaged in warehouse club trading in food, general merchandise and liquor. The Massbuild division is a home improvement retailer and building materials supplier. The Masscash division is a food wholesaler, retailer and buying association. Its divisions operate in over two principal geographic areas, which include South Africa and the rest of Africa. Its subsidiaries include Massbuild Proprietary Limited, Masscash Proprietary Limited, Massmart International Holdings Limited, Massmart Management & Finance Company Proprietary Limited and Masstores Proprietary Limited, among others.

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.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.