Best Brazilian Stocks

This Brazil Stock 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 the best 20 Brazilian 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 (9/8/2020 – 9/15/2020)
I Know First Average: 2.06%

Several predictions in this 7 Days forecast saw significant returns. The algorithm had correctly predicted 6 out 10 stock movements. The greatest return came from SID at 12.86%. Further notable returns came from BRFS and GGB at 8.73% and 7.71%, respectively. The package had an overall average return of 2.06%, providing investors with a 2.99% premium over the Bovespa’s return of -0.93% during the period.

Companhia Siderúrgica Nacional ADR  (SID)  operates as an integrated steel producer primarily in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. The company primarily produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries.

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.