South African Stocks Based on Algorithmic Trading: Returns up to 73.84% in 1 Year

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 Year (5/9/21 – 5/10/22)
I Know First Average: 23.01%
South African Stocks
South African Stocks chart

This By Country – South African Shares Package forecast had correctly predicted 7 out of 10 stock movements. The highest trade return came from MTNJ.J, at 73.84%. Other notable stocks were INLJ.J and SOLJ.J with a return of 55.37% and 51.29%. The package had an overall average return of 23.01%, providing investors with a 25.28% premium over the JSE Africa’s return of -2.27% 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.