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 (5/9/21 – 6/9/21)
I Know First Average: 4.87%

During the 1 Month forecasted period several picks in the By Country – South African Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. BVTJ.J was the highest-earning trade with a return of 15.13% in 1 Month. Additional high returns came from CPIJ.J and MTNJ.J, at 11.33% and 9.88% respectively. The package had an overall average return of 4.87%, providing investors with a 6.09% premium over the JSE Africa’s return of -1.22% during the period.

The Bidvest Group Limited is a services, trading and distribution company. The Company operates in the areas of consumer and industrial products, electrical products, financial services, fishing and materials handling, freight management, outsourced hard and soft services, travel and aviation services and automotive retailing. Its segments include Bidvest South Africa, Bidvest Namibia and Bidvest Corporate. The Bidvest South Africa segment operates in divisions, including automotive, commercial products, electrical, financial services, freight, office and print, and services. The Bidvest Namibia segment operates under two holding companies: Bidvest Namibia Fisheries Holdings, which is focused on the fishing industry, and Bidvest Namibia Commercial Holdings, which offers freight, logistics, marine services and material handling; food and distribution, and commercial and industrial services. The Bidvest Corporate segment operates under properties, and corporate and investments divisions.

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.