South African Stocks Based on Deep Learning: Returns up to 12.73% in 3 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: 3 Days (8/16/2020 – 8/19/2020)
I Know First Average: 0.34%
South African Stocks
South African Stocks chart

This By Country – South African Stocks Package forecast had correctly predicted 6 out of 10 stock movements. The top performing prediction from this package was BATJ.J with a return of 12.73%. Further notable returns came from BVTJ.J and DSYJ.J at 3.76% and 1.68%, respectively. The package had an overall average return of 0.34%, providing investors with a 1.47% premium over the JSE Africa’s return of -1.13% during the period.

Brait SE is a South Africa-based investment holding company focused on driving long-term growth and value creation in its investment portfolio of sizeable businesses operating in the consumer sector. The Company’s investment objective is to achieve long-term growth through majority or minority stakes in achievements across a portfolio of unlisted companies, while raising capital in an efficient manner. Brait SE invests in privately owned businesses. The Company invests in various sectors, including Consumer services-apparel retailer, Consumer services-fitness, Consumer goods-food products, Consumer goods-food retailers, Consumer goods-furnishings and Other. The Company’s subsidiaries include Brait Malta Limited and Brait Mauritius Limited.

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.