South African Stocks Based on Stock Market Algorithm: Returns up to 320.68% in 1 Year

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: 1 Year (10/23/2018 – 10/23/2019)
I Know First Average: 49.45%
South African Stocks
South African Stocks chart

This By Country – South African Stocks Package forecast had correctly predicted 8 out of 10 stock movements. The top performing prediction from this package was IMPJ.J with a return of 320.68%. AMSJ.J and FFAJ.J followed with returns of 129.63% and 24.04% for the 1 Year period. The package had an overall average return of 49.45%, providing investors with a 43.00% premium over the JSE Africa’s return of 6.45% during the period.

Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. The Company’s segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other. The Company, through its subsidiaries, holds various mining and exploration activities. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). The Company also holds interest in Two Rivers Platinum Proprietary Limited (Two Rivers) and Mimosa Investments Limited (Mimosa). The Company’s operations in South Africa include Impala, Marula and Two Rivers. The Company’s operations in Zimbabwe include Zimplats and Mimosa.

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.