Brazil Stock Market Based on Deep Learning: Returns up to 50.97% 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 (5/2/24 – 6/2/24)
I Know First Average: 13.57%
Brazil Stock Market
Brazil Stock Market chart

The algorithm correctly predicted 8 out of 10 the suggested trades in the Bovespa Package for this 1 Month forecast. The top-performing prediction in this forecast was FSLR34.SA, which registered a return of 50.97%. CBAV3.SA and NEXT34.SA saw outstanding returns of 37.72% and 20.21%. The package had an overall average return of 13.57%, providing investors with a 16.61% premium over the Bovespa’s return of -3.04% 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.