South African Stocks Based on Machine Learning: Returns up to 11.86% 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 (5/14/21 – 5/18/21)
I Know First Average: 3.48%
South African Stocks
South African Stocks chart

During the 3 Days forecasted period several picks saw significant returns. The algorithm had correctly predicted 8 out of 10 returns. The top-performing prediction in this forecast was GFIJ.J, which registered a return of 11.86%. MSMJ.J and LHCJ.J saw outstanding returns of 11.44% and 5.88%. The package had an overall average return of 3.48%, providing investors with a 1.84% premium over the JSE Africa’s return of 1.64% 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.