Brazil Stock Market Based on Big Data Analytics: Returns up to 89.51% 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 (5/21/23 – 6/21/23)
I Know First Average: 27.57%
Brazil Stock Market
Brazil Stock Market chart

The algorithm correctly predicted 10 out of 10 the suggested trades in the Bovespa Package for this 1 Month forecast. The top performing prediction from this package was LIGT3.SA with a return of 89.51%. YDUQ3.SA and TPIS3.SA also performed well for this time horizon with returns of 55.11% and 40.06%, respectively. The package had an overall average return of 27.57%, providing investors with a 18.83% premium over the Bovespa’s return of 8.74% 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.