Brazil Stocks Based on Algorithmic Trading: Returns up to 10.05% in 7 Days

Brazil Stocks

This Brazil 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 Brazil stocks with bullish and bearish signals:

  • Top 10 Brazil stocks for the long position
  • Top 10 Brazil stocks for the short position


Package Name: By Country – Brazilian Stocks
Recommended Positions: Long
Forecast Length: 7 Days (10/18/2019 – 10/26/2019)
I Know First Average: 5.85%
Brazil Stocks
Brazil Stocks chart

Several predictions in this 7 Days forecast saw significant returns. The algorithm had correctly predicted 10 out 10 stock movements. The prediction with the highest return was ITUB, at 10.05%. PBR and SBS also performed well for this time horizon with returns of 9.84% and 7.55%, respectively. The package had an overall average return of 5.85%, providing investors with a 3.61% premium over the Bovespa’s return of 2.24% during the period.

Itaú Unibanco Holding S.A. provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, as well as credit cards. The company also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services, as well as private banking services. In addition, it offers property, casualty, and life insurance products, as well as reinsurance products; pension plans; and consumer finance credit, as well as capitalization, leasing, and brokerage services. Itaú Unibanco Holding S.A. has 4,891 branches and client service branches; 94 digital branches; and 2 6,412 automated teller machines. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. Itaú Unibanco Holding S.A. was founded in 1944 and is headquartered in São Paulo, 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.