Bovespa Stock Forecast Based on Machine Learning: Returns up to 21.49% in 3 Months

Bovespa Stock Forecast

This Bovespa Stock forecast was generated by the I Know First Algorithm through its analysis of 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 (01/17/2018 – 04/17/2018)
I Know First Average: 6.87%
Stocks Under 10 Dollars

In this 3 Months forecast for the Bovespa Package, there were many high performing trades and the algorithm correctly predicted 7 out 10 trades. The top-performing prediction in this forecast was RENT3.SA, which registered a return of 21.49%. Other notable stocks were PETR4.SA and GOAU4.SA with a return of 19.15% and 17.39%. The package had an overall average return of 6.87%, providing investors with a premium of 9.39% over the S&P 500’s return of -2.52% during the same period.

Localiza Rent a Car SA (Localiza) is a Brazil-based company primarily involved in the car and fleet rental. The Company divides its business into three sectors: Car Rental division, which is responsible for car rental through its own agencies; Fleet Rental division, which is engaged in rental of fleet vehicles to corporations for long-term periods, and Franchising division, which is active in the administration and granting of franchise rights to use the Company’s brand, including the transfer of knowledge necessary for the operation of the business. Through its subsidiary Prime Prestadora de Servicos SA, the Company is also involved in the intermediation in the sale of cars previously used in its rental operations. As of December 31, 2011, the Company’s network, including domestic and foreign franchisees, comprised 449 branches in 314 cities in Brazil and 47 branches in 27 cities in seven other countries of South America.

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.

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Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.