Best South African Stocks Based on Artificial Intelligence: Returns up to 7.55% in 1 Month

Best South African Stocks

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 (04/12/2019 – 05/13/2019)
I Know First Average: 0.98%
Best South African Stocks

For this 1 Month forecast the algorithm had successfully predicted 6 out of 10 movements. The highest trade return came from TFGJ.J, at 7.55%. The suggested trades for BVTJ.J and WHLJ.J also had notable 1 Month yields of 3.83% and 2.90%, respectively. The package had an overall average return of 0.98%, providing investors with a 4.10% premium over the JSE Africa’s return of -3.12% during the period.

Foschini Group Limited is an investment holding company. The Company’s segments include Retail trading divisions, which consists of the @home division, Exact, The FIX division, the Foschini division, the Jewelry division, the Markham division and the Sports division, retail clothing, jewelry, cosmetics, cellphones and homeware

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.