Best Brazilian Stocks

This Best Brazilian Stocks forecast was generated by the I Know First Algorithm through its analysis of Brazil stock market data and is part of the By Country Package. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

• Top 10 Brazil stocks for the long position
• Top 10 Brazil stocks for the short position

Package Name: By Country – Brazilian Stocks
Recommended Positions: Long
Forecast Length: 7 Days (9/2/2020 – 9/9/2020)
I Know First Average: 3.13%

For this 7 Days forecast the algorithm had successfully predicted 8 out of 10 movements. The top-performing prediction in this forecast was UGP, which registered a return of 8.22%. Other notable stocks were GOL and CIG with a return of 7.78% and 3.86%. The package had an overall average return of 3.13%, providing investors with a 3.99% premium over the Bovespa’s return of -0.86% during the period.

Ultrapar Participações S.A., through its subsidiaries, engages in the liquefied petroleum gas (LPG) distribution, fuel distribution, and related businesses. It operates in five segments: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. The company distributes LPG to residential, commercial, and industrial consumers, as well as independent dealers through bottled and bulk sales channels. It is also involved in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants, as well as related activities through a network of approximately 7.1 thousand service stations. In addition, the company produces ethylene oxide and its derivatives, fatty alcohols and related by-products, and specialty chemicals, which are used in a range of industrial sectors, such as cosmetics, detergents, crop protection chemicals, polyester, packaging, oil, and coatings. Further, it stores and handles liquid bulk primarily comprising chemicals, corrosives, fuels, and vegetable oil. Additionally, the company engages in the retail trade of pharmaceutical, hygiene, beauty, and skincare products through its drugstore chain in the states of Amapá, Ceará, Maranhão, Pará, Paraiba, Pernambuco, Piauí, Rio Grande do Norte, and São Paulo. It has operations in Brazil, Mexico, the United Stated, Uruguay, Venezuela, and internationally. The company was founded in 1937 and is headquartered in Sao Paulo, Brazil.

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.