Brazil Stock Market Based on Stock Algorithm: Returns up to 33.53% in 14 Days

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: 14 Days (06/27/2019 – 07/11/2019)
I Know First Average: 11.03%
Brazil Stock Market

For this 14 Days forecast the algorithm had successfully predicted 10 out of 10 movements. The highest trade return came from ROMI3.SA, at 33.53%. The suggested trades for EVEN3.SA and KROT3.SA also had notable 14 Days yields of 17.79% and 11.40%, respectively. The package had an overall average return of 11.03%, providing investors with a 6.60% premium over the Bovespa’s return of 4.43% during the period.

Industrias Romi SA is a Brazil-based company engaged in the production, sale, import and export of machine tools and plastic processing machines. The Company’s product line includes metal cutting machines, metal removal equipments, conventional engine lathes and machining center, plastic injection molding machines, blow machines, rough, ductile and vermicular castings, among others. The Company’s main customers are from automotive, agricultural machinery, capital goods, consumer goods, tooling and hydraulic equipment sectors. It exports its products mainly to the United States, Latin America and Europe. The Company operates several industrial plants. The Company’s subsidiaries included Rominor Comercio, Empreendimentos e Participacoes SA, Romi Machine Tools Ltd, Interocean Comercio Importadora e Exportadora SA and Romi Europa GmbH, among others. On September 18, 2013, it sold certain assets of Romi Italia Srl to Scout One Srl, as well as Sandretto brand and intellectual property.

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.