Brazil Stock Market Based on Algorithmic Trading: Returns up to 8.83% in 3 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: 3 Days (11/5/21 – 11/9/21)
I Know First Average: 3.06%
Brazil Stock Market
Brazil Stock Market chart

7 out of 10 stock prices in this forecast for the Bovespa Package moved as predicted by the algorithm. LAME4.SA was the highest-earning trade with a return of 8.83% in 3 Days. Additional high returns came from LAME3.SA and OIBR3.SA, at 8.51% and 6.0% respectively. The package had an overall average return of 3.06%, providing investors with a 0.72% premium over the Bovespa’s return of 2.34% during the period.

Lojas Americanas SA is a Brazil-based company primarily involved in the operation of department stores. The Company’s activities are divided into two business segments: Traditional stores and E-commerce. The Traditional stores division focuses on managing department stores under the Lojas Americanas and Express brand names. The E-commerce division includes retailing of various goods through Internet digital platforms, television and catalog commerce, as well as mobile applications. The Company operates over 1000 department stores across Brazilian territory and also a number distribution centers. The Company’s subsidiaries include BWU Comercio e Entretenimento SA, B2W – Companhia Digital and Louise Holdings Ltd, among others. It is controlled by S-Velame Administracao de Recursos e Participacoes SA.

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.