Brazil Stock Market Based on Machine Learning: Returns up to 74.19% 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 (8/23/24 – 11/23/24)
I Know First Average: 22.27%
The algorithm correctly predicted 7 out of 10 the suggested trades in the Bovespa Package for this 3 Months forecast. TSLA34.SA was the top performing prediction with a return of 74.19%. Further notable returns came from L1MN34.SA and NFLX34.SA at 35.54% and 35.38%, respectively. The package had an overall average return of 22.27%, providing investors with a 26.74% premium over the Bovespa’s return of -4.47% 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.