Brazil Stock Market Based on AI: Returns up to 34.05% in 1 Month

Brazil Stock Market

This Bovespa 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 20 stocks with bullish and bearish signals:

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


Package Name: Bovespa
Recommended Positions: Long
Forecast Length: 1 Month (9/21/2020 – 10/21/2020)
I Know First Average: 8.71%
Brazil Stock Market
Brazil Stock Market chart

For this 1 Month forecast the algorithm had successfully predicted 8 out of 10 movements. ETER3.SA was the top performing prediction with a return of 34.05%. CSNA3.SA, and LCAM3.SA had notable returns of 27.68% and 19.85%. The package had an overall average return of 8.71%, providing investors with a 6.41% premium over the Bovespa’s return of 2.3% during the period.

Eternit SA, formerly Industrias Eternit SA, is a Brazil-based company engaged in the manufacture and sale of construction materials made from fiber cement, cement, concrete, plaster, metal and plastic. The Company’s products include roof coverings and shapes made from fiber-cement and cement reinforced with synthetic fiber; metallic roof coverings; ceramic sanitary ware; wall panels; water tanks; water filters for pipes, and metallic shapes used in the construction of roofing and walls, among others. Additionally, the Company’s subsidiary Sama SA Mineracoes Associadas is engaged in the extraction and processing of chrysotile asbestos. As of December 31, 2011, the Company operated four plants located in the Brazilian states of Bahia, Goias, Parana and Rio de Janeiro, and had a number of subsidiaries, such as Engedis Distribuicao Ltda, Precon Goias Industrial Ltda and Wagner Ltda, among others. In February 2012, the Company entered in the segment of metal sanitary ware.

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.