Australian Stock Picks Based on Artificial Intelligence: Returns up to 14.71% in 3 Days

Australian Stock Picks

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 Days (12/21/2018 – 12/25/2018)
I Know First Average: 1.57%
Australian Stock Picks

In this 3 Days forecast for the By Country – Australian Stocks Package, there were many high performing trades and the algorithm correctly predicted 6 out 10 trades. The top-performing prediction in this forecast was SIV.AX, which registered a return of 14.71%. Other notable stocks were AKP.AX and OGC.AX with a return of 7.40% and 5.29%. The package had an overall average return of 1.57%, providing investors with a premium of 6.28% over the S&P 500’s return of -4.71% during the same period.

Silver Chef Limited is a commercial equipment rental and financing company. The Company provides flexible equipment funding solutions to small and medium sized businesses. The Company operates through two segments, which include Silver Chef (Hospitality) and GoGetta. Silver Chef (Hospitality) provides commercial equipment rental and financing solutions to small and medium sized businesses in the hospitality industry. Silver Chef (Hospitality) caters to Hospitality business, including coffee shops, takeaway stores, independently owned restaurants and franchises, and operates in Australia, New Zealand and Canada. GoGetta provides commercial equipment rental and financing solutions to small and medium sized businesses in industries other than the hospitality industry. GoGetta provides flexible funding solutions to a range of industry sectors, including transport, light commercial vehicle and light construction sectors. GoGetta operates in Australia.

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.