South African Stocks Based on Algorithmic Trading: Returns up to 14.09% in 7 Days

South African Stocks

This South African Stocks 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: 7 Days (8/25/2019 – 9/1/2019)
I Know First Average: 3.66%
South African Stocks
South African Stocks chart

During the 7 Days forecasted period several picks in the Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The highest trade return came from IPLJ.J, at 14.09%. IMPJ.J and CMLJ.J followed with returns of 14.04% and 6.54% for the 7 Days period. The package had an overall average return of 3.66%, providing investors with a 1.32% premium over the JSE Africa’s return of 2.34% during the period.

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.