Brazil Stock Market Based on Big Data: Returns up to 21.02% 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 (10/23/24 – 10/30/24)
I Know First Average: 2.71%
Several predictions in this 7 Days forecast saw significant returns. The algorithm has correctly predicted 8 out of 10 stock movements. The highest trade return came from RCSL4.SA, at 21.02%. The suggested trades for AALL34.SA and NOKI34.SA also had notable 7 Days yields of 7.58% and 4.02%, respectively. The package had an overall average return of 2.71%, providing investors with a 2.18% premium over the Bovespa’s return of 0.53% 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.