Brazil Stock Market Based on AI: Returns up to 7.64% in 7 Days

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: 7 Days (10/8/21 – 10/16/21)
I Know First Average: 3.86%
Brazil Stock Market
Brazil Stock Market chart

I Know First’s State of the Art Algorithm accurately forecasted 9 out of 10 trades in this Bovespa Package for the 7 Days time period. The highest trade return came from LCAM3.SA, at 7.64%. COGN3.SA, and YDUQ3.SA had notable returns of 6.87% and 5.31%. The package had an overall average return of 3.86%, providing investors with a 0.19% premium over the Bovespa’s return of 3.67% during the period.

Companhia de Locacao das Americas is a Brazil-based company mainly involved in the leasing of motor vehicles. The Company is primarily active in the leasing of domestic and imported vehicles, with or without drivers. The Company’s portfolio includes motorcycles, passenger cars and trucks, among others. Through its subsidiaries, the Company operates in a number of Brazilian states. The Company’s principal operating units are located in cities of Sao Paulo, Belo Horizonte, Rio de Janeiro, Curitiba, Vitoria, Salvador, Fortaleza, Porto Alegre, Curitiba, Cuiaba, Brasilia, Belem and Manaus. As of December 31, 2011, the Company’s fleet consisted of 27,262 cars. As of December 31, 2011, the Company had two subsidiaries: Agile Car Ltda and Locarvel Locadora de Veiculos Ltda.

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.