Brazil Stock Market Based on Big Data: Returns up to 209.74% in 1 Year
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 Year (11/19/23 – 11/19/24)
I Know First Average: 60.04%
I Know First’s State of the Art Algorithm accurately forecasted 8 out of 10 trades in this Bovespa Package for the 1 Year time period. The top-performing prediction in this forecast was S1PO34.SA, which registered a return of 209.74%. Further notable returns came from NFLX34.SA and AVGO34.SA at 121.49% and 101.82%, respectively. The package had an overall average return of 60.04%, providing investors with a 57.30% premium over the Bovespa’s return of 2.74% 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.