Brazil Stock Market Based on Algorithmic Trading: Returns up to 20.11% in 14 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: 14 Days (2/28/21 – 3/15/21)
I Know First Average: 8.08%
The algorithm correctly predicted 10 out of 10 of the suggested trades in the Bovespa Package for this 14 Days forecast. The greatest return came from EMBR3.SA at 20.11%. CSAN3.SA and GGBR4.SA followed with returns of 12.72% and 10.64% for the 14 Days period. The package had an overall average return of 8.08%, providing investors with a 3.70% premium over the Bovespa return of 4.38% 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.