South African Stocks Based on Machine Learning: Returns up to 29.36% in 1 Month

South African Stocks

This South African Stocks 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 (10/9/2020 – 11/10/2020)
I Know First Average: 11.34%
South African Stocks
South African Stocks chart

I Know First’s State of the Art Algorithm accurately forecasted 9 out of 10 trades in this By Country – South African Package for the 1 Month time period. The prediction with the highest return was CPIJ.J, at 29.36%. MSMJ.J and PSGJ.J followed with returns of 22.29% and 18.95% for the 1 Month period. The package had an overall average return of 11.34%, providing investors with a 5.63% premium over the JSE Africa’s return of 5.71% 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.