Brazilian Stock Market Forecast Based on Machine Learning: Returns up to 7.20% in 7 Days

Brazilian Stock Market 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: 7 Days (11/20/2018 – 11/27/2018)
I Know First Average: 1.97%
Brazilian Stock Market Forecast

7 out of 10 stock prices in this forecast for the Bovespa Package moved as predicted by the algorithm. BTOW3.SA was our best stock pick this week a return of 7.20%. EQTL3.SA and ELET6.SA followed with returns of 4.48% and 4.18% for the 7 Days period. The package saw an overall yield of 1.97% versus the S&P 500’s return of -0.32% implying a market premium of 2.29%.

B2W – Companhia Digital engages in the e-commerce business through a digital platform in Brazil. It offers various categories of products and services under the Americanas.com, Submarino, Shoptime, and Sou Barato brands through a network of Internet, telesales, catalogs, TV, and kiosk distribution channels.

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.