Brazil Stock Market Based on Machine Learning: Returns up to 170.36% 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 (5/19/2019 – 5/20/2020)
I Know First Average: 29.36%
Brazil Stock Market
Brazil Stock Market chart

For this 1 Year forecast the algorithm had successfully predicted 6 out of 10 movements. MGLU3.SA was the top performing prediction with a return of 170.36%. Other notable stocks were AAPL34.SA and PRIO3.SA with a return of 136.56% and 40.5%. The package had an overall average return of 29.36%, providing investors with a 39.00% premium over the Bovespa’s return of -9.64% during the period.

Magazine Luiza SA is a Brazil-based company principally engaged in the retail sector. The Company’s activities are divided into four segments: Retail, through physical stores and E-commerce sells various consumer goods, including home appliances, electronics, furniture, cosmetics, baby care accessories, toys and sport articles, among others; Financial operations, involved in credit granting through Luizacred; Insurance, offering insurance and extended product’s warranty through Luizaseg; and Consotrium management, providing customers access to its so-called letters of credit through Consorcio Luiza. The Company operates over 760 stores and eight distribution centers, which are located in the South, Southeast, Midwest and Northeast regions of Brazil.

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.