South African Stocks Based on Big Data Analytics : Returns up to 7.19% in 7 Days

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: 7 Days (11/13/2019 – 11/20/2019)
I Know First Average: 1.83%
South African Stocks
South African Stocks chart

In this 7 Days forecast for the Package, there were many high performing trades and the algorithm correctly predicted 7 out 10 trades. The greatest return came from REMJ.J at 7.19%. The suggested trades for AMSJ.J and DSYJ.J also had notable 7 Days yields of 5.52% and 3.81%, respectively. The package had an overall average return of 1.83%, providing investors with a 0.21% premium over the JSE Africa’s return of 1.62% 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.