South African Stocks Based on Stock Prediction Algorithm: Returns up to 10.6% 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 (8/9/22 – 8/23/22)
I Know First Average: 1.43%
South African Stocks
South African Stocks chart

The algorithm correctly predicted 6 out of 10 of the suggested trades for this 14 Days forecast. The top-performing prediction in this forecast was MSMJ.J, which registered a return of 10.6%. Further notable returns came from TKGJ.J and ABGJ.J at 7.83% and 3.78%, respectively. The package had an overall average return of 1.43%, providing investors with a 2.13% premium over the JSE Africa’s return of -0.7% 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.