Brazil Stock Market: Daily Forecast Evaluation Report

Executive Summary

In this stock market forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for Brazilian stocks for long and short positions (20 stocks) which were sent daily to our customers. Our analysis covers the period from January 1st, 2018, to June 30th, 2020.

Brazil stock market
Chart 1: Performance comparison for Top 20, Top 10 and Top 5 long position signals by Daily Model vs Bovespa Index for short term horizons since January 1st, 2018 until June 30th, 2020
Brazil stock market
Chart 2: Performance comparison for Top 20, Top 10 and Top 5 long position signals by Daily Model vs Bovespa Index for long term horizons since January 1st, 2018 until June 30th, 2020
Brazil stock market
Chart 3: Performance comparison for Top 20, Top 10 and Top 5 long and short position signals by Daily Model vs Bovespa Index for short term horizons since January 1st, 2018 until June 30th, 2020
Brazil stock market
Chart 4: Performance comparison for Top 20, Top 10 and Top 5 long and short position signals by Daily Model vs Bovespa Index for long term horizons since January 1st, 2018 until June 30th, 2020

Brazilian Stocks Highlights

  • The Top 20, Top 10, and Top 5 signal groups generated by I Know First consistently outperformed Bovespa Index for almost all time horizons.
  • The Top 5 signal group outperformed the Bovespa by 16.23% using the 1 year time horizon.
  • All hit ratios for 7 day time horizon or longer are above 50%.
  • Using only long positions, every signal group for every time horizon outperformed Bovespa.
  • For long positions only, the top 5 signals with a 1 year time horizon outperformed the Bovespa Index by 21.07%.
  • Long position hit ratios for all time horizons longer than 3 days are above 50% and all 1 year forecast hit ratios are above 70%

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Brazil Stock Market – Ideal Place for a Bounce-Back After the Severe Hurt of Coronavirus

motek 1The article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.

Summary:

  • Goldman Sachs reports that Wall Street is bullish on Brazilian stocks and projects the index to reach 90,000, 9% above current level.
  • The macroeconomy of the country was significantly hurt by the pandemic and political issues with sectors performing differently.
  • I Know First is accurately generating daily forecasts on Brazil market with stock picks outperforming the market index.

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Wealth Creation Investing Highlights Successful Brazilian Stocks Picking by I Know First

wealth ccreat

I Know First was featured by Wealth Creation Investing in the most recent article published on their website. This article refers the algorithmic performance report that investigate the latest performance of I Know First forecasts for Brazilian stock market which was booming over the last years. The report mentioned

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Best Brazilian Stocks: Daily Forecast and Global Model Performance Evaluation Report

Best Brazilian Stocks Evaluation Highlights:

  • Stock market forecasts that were generated by both the Daily and Global models achieved positive returns that outperformed the Ibovespa index.
  • Except in a few cases, signal filtering proved again to have a strong effect on returns. Top 5 filtering achieved returns of up to 12.01% and outperformed the Ibovespa index by a significantly high margin.
  • The Global model effect was observed only long time horizons, where it achieved impressive returns and exceptional accuracy: For the 30 and 90 days, average returns were 10.56% and 20.25% respectively, while hit- ratios were 71% and 90%.

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Quick Win by the Algorithm: CBD Shows Growth Despite Troubled Economy

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Algorithmic Forecast Performance: Analysis of Brazilian stocks with high rates of return

Algorithmic Performance: Analysis of Brazilian stocks with high rates of return

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