Brazil Stock Market Based on Deep Learning: Returns up to 281.86% in 3 Months
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 Months (7/29/24 – 10/29/24)
I Know First Average: 31.91%
I Know First’s State of the Art Algorithm accurately forecasted 7 out of 10 trades in this Bovespa Package for the 3 Months time period. The greatest return came from L1MN34.SA at 281.86%. Further notable returns came from PHMO34.SA and BLAK34.SA at 18.01% and 17.04%, respectively. The package had an overall average return of 31.91%, providing investors with a 29.37% premium over the Bovespa’s return of 2.54% 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.