Australian Stocks Based on Machine Learning: Returns up to 63.64% 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 & Short
Forecast Length: 3 Months (03/15/2019 – 06/16/2019)
I Know First Average: 10.71% (Long) & 10.75% (Short)
Australian Stocks

During the 3 Months forecast, the algorithm had predicted high returns for those seeking stock advice. The best performance in the short position came from SIV.AX which registered a return of 57.19%. For the long positions the largest growth was registered by CIA.AX with a return of 63.64%, during the same period. The package itself, had an overall average return of 10.71%, in the long position, providing a premium of 7.91% over the S&P ASX’s return of 2.80%. With regards to the short position, the package had an overall average return of 10.75%, providing investors with a premium of 4.90% over S&P ASXs return of 5.85%. The I Know First’s Stock Market Algorithm accurately forecasted 7 out of 10 stocks, for the long position, and 9 out of 10 stocks, for the short position for this 3 Months forecasted period.

Champion Iron Limited, formerly Mamba Minerals Limited, is engaged in the exploration and development of iron ore properties in Quebec, Canada. The Company’s projects include Consolidated Fire Lake North Project, Snelgrove Lake Project, Powderhorn Lake Project and Gullbridge Property. The Company owns interest in over 12 properties covering approximately 847.5 square kilometers located in the Fermont Iron Ore District of northeastern Quebec. The Snelgrove Lake Project is located in western Labrador and is approximately 55 kilometers southeast of the community of Schefferville, Quebec and approximately 200 kilometers north of Labrador City, Labrador. Powderhorn Lake Project consists of approximately 148 claims covering an area of over 37 square kilometers situated in the Buchans-Robert’s Arm Belt in Central Newfoundland. Gullbridge Property consists of approximately 179 claims covering over 45 square kilometers situated in the Buchans Robert’s Arm Belt in Central Newfoundland.

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

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.