Bovespa Stocks Analysis: I Know First Evaluation Report

Executive Summary

In this Bovespa stocks analysis forecast evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for short-term and long-term stocks from the Bovespa Stock Exchange which is sent to our customers on a daily basis. Our analysis covers the time period from 1 January 2019 to 30 July 2019. We will start with an introduction to our asset picking and benchmarking methods and then apply it to the Bovespa stock universe as covered by the I Know First’s “Brazilian Stocks” package. We will then compare returns based on our algorithm with the benchmark performance over the same period.

Bovespa Stocks Analysis Highlights:

  • The best returns were obtained in the 3 months time horizon, with the best performance being a return of 4.71% for the top 10 predictability and signal filtered assets during this time-horizon.
  • All signals in the 3-month time horizon beat the benchmark, with the best outperformance being the top 10 assets which beat the benchmark by over 79%.
  • The best hit ratios were similarly obtained for the 3 months time horizon, with the best hit ratio being 60% for the top 10 predictability and signal filtered assets.

Read the full evaluation report

I Know First’s Brazilian Stock Market Track Record: Beating Bovespa

On August 1st 2017 I Know First finished the implementation and the training period of its AI-based ranking and forecasting system for the main equities listed on the Brazilian Stock Exchange Bovespa. On this date the first Brazilian stock forecast was published for the subscribed investors in the local market.