South African Stocks Based on Predictive Analytics: Returns up to 48.09% in 14 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: 14 Days (8/29/22 – 9/12/22)
I Know First Average: 5.56%
South African Stocks
South African Stocks chart

There were many high-performing trades and the algorithm correctly predicted 6 out of 10 trades. The highest trade return came from MSMJ.J, at 48.09%. RMHJ.J and TKGJ.J also performed well for this time horizon with returns of 9.39% and 8.28%, respectively. The package had an overall average return of 5.56%, providing investors with a 6.13% premium over the JSE Africa’s return of -0.57% during the period.

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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.