TEMA1 - Exercício 11

Prévia do material em texto

01_EX11
		CARTEIRA 1					CARTEIRA 2
	Data	ItauUnibanco	Bradesco	Banco do Brasil	CARTEIRA 1		Braskem	Vale	Pão de Açucar	CARTEIRA 2
	2001.01	0.86%	-7.43%	32.66%	8.70%		12.50%	18.14%	-0.20%	10.15%
	2001.02	-8.23%	-8.86%	-6.30%	-7.80%		-4.97%	-3.92%	-4.39%	-4.43%
	2001.03	-1.41%	-1.40%	0.55%	-0.75%		-4.00%	1.02%	-1.48%	-1.49%
	2001.04	5.40%	6.32%	18.98%	10.24%		-3.33%	-2.02%	-6.32%	-3.89%
	2001.05	7.96%	-1.15%	-9.25%	-0.81%		-8.81%	6.70%	-0.16%	-0.76%
	2001.06	5.81%	-1.36%	22.29%	8.91%		9.17%	2.42%	-11.58%	0.00%
	2001.07	-3.48%	-2.60%	-8.02%	-4.70%		-6.10%	-0.38%	-11.82%	-6.10%
	2001.08	-9.39%	-4.22%	2.60%	-3.67%		-15.67%	-2.84%	2.06%	-5.48%
	2001.09	-3.11%	-4.85%	-17.63%	-8.53%		-21.23%	-1.56%	-32.83%	-18.54%
	2001.10	0.98%	-5.10%	4.34%	0.07%		10.14%	4.93%	18.50%	11.19%
	2001.11	1.22%	11.67%	18.31%	10.40%		12.63%	2.50%	12.94%	9.36%
	2001.12	3.14%	17.20%	16.25%	12.20%		11.42%	5.05%	11.21%	9.23%
	2002.01	-3.65%	-4.18%	-15.01%	-7.62%		20.17%	0.38%	5.07%	8.54%
	2002.02	18.07%	13.47%	18.44%	16.66%		-4.22%	19.39%	7.48%	7.55%
	2002.03	-6.09%	-0.42%	11.54%	1.67%		-0.76%	1.89%	-7.37%	-2.08%
	2002.04	1.13%	4.69%	16.29%	7.37%		0.38%	1.42%	7.29%	3.03%
	2002.05	-7.36%	-9.19%	-2.89%	-6.48%		-15.77%	18.00%	-3.45%	-0.41%
	2002.06	-7.78%	-14.79%	-31.98%	-18.19%		-9.72%	2.25%	-4.90%	-4.12%
	2002.07	-23.39%	-14.09%	-3.25%	-13.58%		-7.69%	6.82%	-16.83%	-5.90%
	2002.08	21.13%	8.76%	31.33%	20.41%		-12.50%	-9.64%	11.79%	-3.45%
	2002.09	-19.40%	-19.39%	-26.54%	-21.78%		-25.40%	15.59%	0.11%	-3.24%
	2002.10	36.09%	17.82%	21.37%	25.09%		-5.53%	10.74%	22.34%	9.18%
	2002.11	-5.22%	6.27%	4.02%	1.69%		-11.71%	7.22%	0.87%	-1.21%
	2002.12	12.53%	20.16%	-2.97%	9.91%		12.24%	2.90%	-6.03%	3.04%
	2003.01	-8.33%	-12.78%	-1.84%	-7.65%		-16.36%	-5.93%	-8.81%	-10.37%
	2003.02	1.68%	2.28%	3.82%	2.59%		-10.27%	7.44%	-10.87%	-4.56%
	2003.03	18.71%	10.64%	9.69%	13.01%		29.07%	-12.50%	-3.61%	4.32%
	2003.04	5.03%	4.58%	20.61%	10.07%		57.67%	-8.19%	2.08%	17.19%
	2003.05	3.70%	0.54%	20.47%	8.24%		7.14%	6.12%	3.05%	5.44%
	2003.06	-4.68%	-8.30%	-14.44%	-9.14%		3.83%	-3.46%	-1.10%	-0.24%
	2003.07	11.88%	7.98%	8.48%	9.44%		14.50%	22.50%	24.17%	20.39%
	2003.08	6.24%	3.56%	11.58%	7.13%		41.36%	9.63%	7.34%	19.44%
	2003.09	-7.30%	-6.67%	3.90%	-3.36%		17.36%	5.60%	-8.55%	4.80%
	2003.10	13.05%	7.98%	17.50%	12.84%		12.68%	12.36%	8.22%	11.09%
	2003.11	5.55%	22.44%	30.32%	19.43%		17.63%	-0.77%	13.13%	9.99%
	2003.12	15.83%	14.15%	-2.04%	9.31%		42.08%	31.40%	7.48%	26.99%
	2004.01	-0.76%	-7.71%	-15.00%	-7.82%		0.37%	-7.96%	-4.30%	-3.96%
	2004.02	0.72%	1.16%	8.86%	3.58%		14.75%	8.01%	-0.62%	7.38%
	2004.03	-3.38%	-7.20%	7.53%	-1.02%		-2.60%	-5.34%	-9.34%	-5.76%
	2004.04	-13.79%	-13.80%	-17.96%	-15.18%		-22.67%	-17.18%	-16.80%	-18.88%
	2004.05	12.51%	8.16%	8.90%	9.86%		-20.00%	20.57%	-5.98%	-1.81%
	2004.06	10.00%	6.75%	8.17%	8.31%		21.77%	-7.39%	11.79%	8.72%
	2004.07	-2.03%	1.62%	2.37%	0.65%		8.32%	12.65%	10.18%	10.38%
	2004.08	6.15%	0.12%	8.25%	4.84%		38.56%	2.50%	5.20%	15.42%
	2004.09	6.96%	2.71%	3.92%	4.53%		12.26%	14.64%	-4.96%	7.32%
	2004.10	9.03%	19.72%	12.34%	13.70%		10.29%	-2.90%	17.48%	8.29%
	2004.11	2.36%	4.81%	12.50%	6.56%		12.76%	9.18%	-1.91%	6.68%
	2004.12	14.10%	20.11%	3.15%	12.45%		13.18%	13.36%	3.00%	9.85%
	2005.01	-2.54%	-5.18%	-4.92%	-4.22%		-11.38%	4.95%	-15.28%	-7.24%
	2005.02	15.82%	30.67%	1.14%	15.88%		12.21%	14.21%	5.84%	10.75%
	2005.03	-2.60%	-4.89%	-4.52%	-4.00%		-17.34%	-6.08%	-8.28%	-10.56%
	2005.04	1.65%	-4.10%	-1.18%	-1.21%		-9.26%	-18.15%	-10.27%	-12.56%
	2005.05	-4.04%	9.13%	4.96%	3.35%		-6.53%	2.12%	2.26%	-0.72%
	2005.06	1.94%	14.51%	3.09%	6.51%		-14.85%	-0.93%	-8.14%	-7.97%
	2005.07	4.45%	-3.83%	-1.11%	-0.16%		16.62%	13.26%	11.85%	13.91%
	2005.08	10.02%	16.08%	14.02%	13.37%		2.76%	3.33%	7.63%	4.57%
	2005.09	8.06%	16.30%	24.39%	16.25%		-1.88%	22.07%	13.48%	11.22%
	2005.10	1.28%	2.95%	-4.61%	-0.13%		-15.62%	-4.22%	-4.67%	-8.17%
	2005.11	3.92%	18.28%	-5.31%	5.63%		2.58%	2.72%	16.54%	7.28%
	2005.12	1.21%	4.57%	7.65%	4.48%		-4.52%	-0.21%	8.16%	1.14%
	2006.01	19.41%	26.82%	26.90%	24.37%		-6.76%	18.52%	8.43%	6.73%
	2006.02	2.26%	-1.51%	4.70%	1.82%		7.17%	-7.72%	7.94%	2.46%
	2006.03	-5.69%	-12.64%	0.93%	-5.80%		-11.62%	1.10%	0.47%	-3.35%
	2006.04	2.85%	2.32%	11.15%	5.44%		-7.89%	2.49%	-10.12%	-5.18%
	2006.05	-8.02%	-2.19%	-7.34%	-5.85%		-3.95%	-1.51%	-6.44%	-3.97%
	2006.06	4.34%	-8.55%	-11.07%	-5.09%		-5.88%	-0.80%	-11.28%	-5.99%
	2006.07	5.51%	6.73%	-0.16%	4.02%		-14.97%	-3.31%	-2.96%	-7.08%
	2006.08	-2.56%	-2.16%	0.07%	-1.55%		23.45%	-9.00%	-10.77%	1.23%
	2006.09	0.95%	3.51%	-1.04%	1.14%		-3.01%	1.85%	-2.95%	-1.37%
	2006.10	8.33%	5.99%	9.35%	7.89%		11.97%	16.87%	13.70%	14.18%
	2006.11	2.45%	6.99%	13.88%	7.77%		4.16%	10.29%	5.44%	6.63%
	2006.12	7.24%	9.19%	9.63%	8.69%		-4.94%	6.66%	11.10%	4.27%
	2007.01	1.45%	1.91%	8.59%	3.98%		3.53%	11.62%	-7.30%	2.62%
	2007.02	-7.25%	-8.48%	-0.97%	-5.57%		-11.27%	1.98%	-9.57%	-6.28%
	2007.03	0.61%	7.35%	-2.23%	1.91%		11.53%	5.23%	-4.53%	4.07%
	2007.04	8.80%	4.53%	4.36%	5.90%		14.07%	10.98%	6.67%	10.57%
	2007.05	7.90%	12.72%	14.21%	11.61%		-5.48%	3.60%	2.56%	0.23%
	2007.06	1.99%	0.25%	6.14%	2.79%		5.24%	-0.97%	14.59%	6.29%
	2007.07	0.55%	3.09%	6.13%	3.26%		0.06%	7.68%	-5.01%	0.91%
	2007.08	-0.07%	-1.48%	-4.60%	-2.05%		4.81%	4.50%	-11.71%	-0.80%
	2007.09	7.18%	6.34%	10.07%	7.86%		-4.59%	27.76%	-10.97%	4.07%
	2007.10	7.24%	7.26%	1.33%	5.28%		-5.56%	5.58%	-1.21%	-0.40%
	2007.11	0.39%	-1.74%	1.90%	0.19%		-3.43%	-3.54%	7.95%	0.33%
	2007.12	-8.06%	-7.01%	-3.97%	-6.35%		-8.57%	-5.41%	14.23%	0.08%
	2008.01	-13.10%	-14.79%	-3.78%	-10.56%		-9.72%	-12.61%	-4.72%	-9.02%
	2008.02	9.87%	10.51%	-3.17%	5.74%		10.31%	13.18%	12.31%	11.93%
	2008.03	-6.05%	-10.02%	-17.77%	-11.28%		8.40%	3.14%	-1.37%	3.39%
	2008.04	18.58%	15.59%	25.05%	19.74%		-3.89%	9.28%	5.58%	3.65%
	2008.05	6.42%	4.02%	13.47%	7.97%		-7.54%	-0.20%	3.09%	-1.55%
	2008.06	-19.22%	-13.94%	-19.21%	-17.46%		-3.63%	-12.38%	-12.40%	-9.47%
	2008.07	2.80%	0.04%	-4.02%	-0.39%		8.15%	-17.53%	4.37%	-1.67%
	2008.08	-7.73%	-8.56%	-4.72%	-7.00%		-15.36%	-8.17%	-4.72%	-9.42%
	2008.09	3.78%	0.49%	-3.68%	0.20%		-12.93%	-15.92%	-2.71%	-10.52%
	2008.10	-26.93%	-18.22%	-35.08%	-26.74%		-7.47%	-20.24%	1.48%	-8.74%
	2008.11	16.58%	-3.59%	-2.25%	3.58%		-33.48%	-3.03%	13.44%	-7.69%
	2008.12	-1.98%	-2.90%	3.76%	-0.37%		-11.34%	0.58%	-18.40%	-9.72%
	2009.01	-10.11%	-8.90%	-3.27%	-7.43%		2.88%	17.37%	-3.68%	5.53%
	2009.02	-5.00%	-0.48%	-0.26%	-1.91%		-5.78%	-5.02%	-3.58%	-4.79%
	2009.03	16.75%	6.99%	23.10%	15.61%		-10.59%	0.42%	7.61%	-0.86%
	2009.04	18.57%	17.29%	9.43%	15.10%		28.27%	18.11%	13.20%	19.86%
	2009.05	4.98%	8.09%	15.11%	9.39%		16.05%	5.38%	8.56%	9.99%
	2009.06	-2.47%	-2.03%	0.97%	-1.18%		0.28%	-9.26%	0.66%	-2.77%
	2009.07	8.08%	3.50%	11.61%	7.73%		15.74%	7.39%	13.39%	12.17%
	2009.08	5.35%	1.88%	11.49%	6.24%		25.87%	-1.00%	7.33%	10.73%
	2009.09	11.67%	16.20%	20.14%	16.00%		7.65%	12.30%	8.44%	9.46%
	2009.10	-6.13%	-3.97%	-9.67%	-6.59%		3.91%	9.95%	6.60%	6.82%
	2009.11	13.32%	4.09%	9.97%	9.13%		-1.54%	9.42%	3.88%	3.92%
	2009.12	1.98%	4.78%	-3.27%	1.17%		22.22%	0.98%	17.58%	13.59%
	2010.01	-6.16%	-5.70%	-5.39%	-5.75%		-5.82%	-1.19%	-2.72%	-3.25%
	2010.02	2.11%	-0.41%	7.62%	3.10%		-3.62%	3.15%	-2.92%	-1.13%
	2010.03	6.88%	2.52%	0.96%	3.45%		2.43%	13.28%	-3.47%	4.08%
	2010.04	-3.30%	-1.25%	0.47%	-1.36%		-3.97%	-6.43%	1.03%	-3.12%
	2010.05	-7.93%	-4.79%	-12.10%	-8.27%		-14.16%	-5.84%	-1.51%	-7.17%
	2010.06	-6.31%	-4.71%	-5.12%	-5.38%		16.13%	-12.70%	7.68%	3.70%
	2010.07	21.86%	21.97%	23.89%	22.58%		5.43%	11.23%	-8.57%	2.69%
	2010.08	-3.82%	-4.29%	-6.12%	-4.74%		17.18%	-3.44%	7.65%	7.13%
	2010.09	7.04%	9.25%	13.70%	10.00%		10.98%	11.56%	-5.74%	5.60%
	2010.10	2.58%	1.72%	3.02%	2.44%		1.51%	3.56%	14.14%	6.40%
	2010.11	-5.39%	-3.31%	-0.22%	-2.97%		4.30%	-0.07%	6.61%	3.61%
	2010.12	1.41%	-0.99%	-3.75%	-1.11%		11.98%	3.30%	-2.28%	4.34%
	2011.01	-10.04%	-5.01%	-5.28%	-6.78%		2.95%	3.72%	-9.41%	-0.92%
	2011.02	4.00%	4.49%	1.04%	3.18%		-3.29%	-1.37%	-1.56%	-2.07%
	2011.03	6.26%	9.82%	0.20%	5.43%		6.71%	-5.24%	8.61%	3.36%
	2011.04	-4.60%	-4.91%	-1.90%	-3.80%		5.82%	-1.76%	5.05%	3.04%
	2011.05-3.36%	-0.89%	-2.68%	-2.31%		11.93%	-2.97%	-9.58%	-0.21%
	2011.06	1.74%	2.69%	0.78%	1.73%		-9.76%	-1.51%	14.14%	0.96%
	2011.07	-13.72%	-6.68%	-6.11%	-8.83%		-17.50%	1.39%	-7.90%	-8.00%
	2011.08	-7.28%	-5.27%	2.50%	-3.35%		2.77%	-8.77%	-2.80%	-2.93%
	2011.09	0.74%	-2.95%	-5.99%	-2.74%		-22.86%	-4.80%	-11.89%	-13.18%
	2011.10	12.71%	9.05%	4.27%	8.68%		4.94%	4.93%	15.26%	8.37%
	2011.11	-2.50%	-0.54%	-6.09%	-3.04%		-8.56%	-4.71%	1.14%	-4.05%
	2011.12	7.49%	4.21%	-0.89%	3.60%		-8.51%	-5.28%	1.28%	-4.17%
	2012.01	3.36%	2.63%	14.73%	6.91%		22.19%	13.31%	8.96%	14.82%
	2012.02	4.82%	2.95%	2.26%	3.34%		-0.38%	-2.57%	9.04%	2.03%
	2012.03	-3.96%	2.57%	-5.13%	-2.17%		-7.25%	-1.49%	9.30%	0.18%
	2012.04	-14.08%	-5.14%	-9.13%	-9.45%		-3.13%	1.80%	2.22%	0.29%
	2012.05	-2.28%	-3.65%	-14.94%	-6.96%		-16.04%	-11.76%	-13.67%	-13.83%
	2012.06	-3.40%	1.07%	-0.91%	-1.08%		18.93%	6.76%	4.87%	10.19%
	2012.07	14.84%	4.92%	11.62%	10.46%		-7.40%	-7.43%	4.37%	-3.48%
	2012.08	-1.48%	3.47%	6.90%	2.96%		3.31%	-9.07%	2.41%	-1.12%
	2012.09	-3.46%	-1.44%	8.21%	1.10%		11.48%	8.02%	6.03%	8.51%
	2012.10	-2.86%	0.22%	-12.62%	-5.09%		-5.96%	5.93%	2.93%	0.97%
	2012.11	8.27%	21.48%	1.62%	10.46%		2.68%	0.40%	-2.24%	0.28%
	2012.12	4.89%	6.18%	18.36%	9.81%		-7.11%	12.45%	-0.55%	1.60%
	2013.01	2.92%	4.33%	-4.69%	0.85%		17.27%	-4.78%	3.76%	5.41%
	2013.02	2.14%	-0.24%	7.95%	3.29%		-2.86%	-6.11%	5.64%	-1.11%
	2013.03	3.79%	10.00%	6.27%	6.69%		-6.38%	-7.67%	7.67%	-2.13%
	2013.04	-6.49%	-1.54%	-8.45%	-5.49%		27.47%	0.76%	4.39%	10.87%
	2013.05	5.99%	3.12%	1.45%	3.52%		-3.97%	-11.09%	-6.22%	-7.09%
	2013.06	-11.16%	-13.70%	-11.81%	-12.23%		-1.44%	-4.43%	-4.04%	-3.30%
	2013.07	1.34%	1.04%	2.44%	1.61%		6.74%	6.60%	1.60%	4.98%
	2013.08	0.54%	2.33%	5.28%	2.72%		-0.17%	10.96%	-3.30%	2.50%
	2013.09	8.54%	9.21%	13.60%	10.45%		1.14%	0.12%	3.36%	1.54%
	2013.10	10.03%	4.17%	15.09%	9.76%		12.00%	6.55%	10.13%	9.56%
	2013.11	-4.70%	-4.38%	-13.32%	-7.47%		4.63%	0.34%	-2.25%	0.90%
	2013.12	-4.22%	-5.89%	-3.89%	-4.67%		0.96%	-0.45%	-3.40%	-0.96%
	2014.01	-3.37%	-10.12%	-14.39%	-9.29%		-11.52%	-7.45%	-10.97%	-9.98%
	2014.02	4.95%	2.33%	-0.28%	2.34%		-13.08%	-0.15%	5.88%	-2.45%
	2014.03	8.60%	15.38%	11.95%	11.98%		10.15%	-4.79%	0.87%	2.08%
	2014.04	8.60%	1.96%	2.68%	4.41%		-11.19%	-3.80%	6.35%	-2.88%
	2014.05	-5.12%	-6.64%	-2.40%	-4.72%		-3.81%	-3.40%	-3.38%	-3.53%
	2014.06	0.81%	1.48%	10.48%	4.26%		-3.76%	2.96%	1.17%	0.12%
	2014.07	9.84%	9.80%	11.55%	10.40%		-0.43%	11.32%	6.32%	5.74%
	2014.08	16.12%	13.17%	26.56%	18.62%		8.70%	-10.54%	4.17%	0.78%
	2014.09	-16.05%	-12.50%	-26.93%	-18.49%		6.23%	-7.80%	-6.21%	-2.59%
	2014.10	8.55%	4.29%	9.60%	7.48%		11.91%	-3.39%	-2.76%	1.92%
	2014.11	5.08%	4.66%	7.17%	5.63%		6.18%	-6.80%	4.57%	1.31%
	2014.12	-10.33%	-8.48%	-18.72%	-12.51%		-9.09%	-5.97%	-9.10%	-8.05%
	2015.01	-4.87%	-2.34%	-13.08%	-6.76%		-28.86%	-15.06%	-9.66%	-17.86%
	2015.02	13.74%	11.98%	15.24%	13.66%		2.81%	14.19%	9.03%	8.68%
	2015.03	-3.22%	-3.12%	-1.87%	-2.74%		-14.06%	-15.58%	-1.44%	-10.36%
	2015.04	9.17%	-0.24%	16.19%	8.37%		20.61%	30.44%	7.35%	19.47%
	2015.05	-10.87%	-12.73%	-12.98%	-12.19%		2.94%	-11.48%	-15.89%	-8.14%
	2015.06	-0.28%	7.53%	8.13%	5.13%		5.01%	-8.78%	-14.42%	-6.06%
	2015.07	-3.27%	-1.08%	-9.18%	-4.51%		-7.93%	-2.30%	2.53%	-2.56%
	2015.08	-10.57%	-8.94%	-18.52%	-12.68%		12.20%	0.28%	-15.33%	-0.95%
	2015.09	-0.09%	-6.09%	-13.34%	-6.51%		18.48%	-7.48%	-20.77%	-3.26%
	2015.10	-0.09%	-0.69%	5.07%	1.43%		30.65%	4.96%	0.85%	12.16%
	2015.11	5.05%	2.55%	2.95%	3.51%		20.39%	-22.80%	-3.14%	-1.85%
	2015.12	-4.52%	-11.20%	-8.09%	-7.93%		5.34%	-1.06%	-14.57%	-3.43%
	2016.01	-5.19%	-4.36%	-6.04%	-5.19%		-13.11%	-25.40%	-8.67%	-15.73%
	2016.02	4.64%	18.89%	-2.24%	7.10%		6.25%	21.50%	8.76%	12.17%
	2016.03	22.95%	29.36%	47.54%	33.28%		-8.20%	28.28%	19.89%	13.32%
	2016.04	5.37%	2.78%	11.84%	6.66%		10.89%	29.97%	1.56%	14.14%
	2016.05	-11.58%	-12.69%	-24.92%	-16.40%		-14.46%	-27.78%	-20.08%	-20.77%
	2016.06	4.36%	11.01%	5.18%	6.85%		-9.33%	14.42%	15.48%	6.85%
	2016.07	11.57%	8.21%	22.53%	14.10%		-2.63%	13.71%	5.05%	5.38%
	2016.08	7.34%	-0.32%	10.95%	5.99%		30.04%	-8.43%	2.63%	8.08%
	2016.09	-0.88%	-2.52%	-1.22%	-1.54%		4.15%	5.14%	5.44%	4.91%
	2016.10	18.97%	14.29%	28.46%	20.58%		18.34%	23.98%	14.88%	19.06%
	2016.11	-7.72%	-8.11%	-2.32%	-6.05%		-2.72%	27.08%	-10.49%	4.62%
	2016.12	-2.96%	1.02%	-1.14%	-1.03%		24.55%	-7.94%	0.27%	5.63%
	2017.01	10.06%	10.36%	10.75%	10.39%		-4.99%	25.31%	5.83%	8.72%
	2017.02	9.61%	1.58%	6.40%	5.86%		-0.65%	1.68%	-0.85%	0.06%
	2017.03	-5.29%	-1.72%	2.32%	-1.56%		-1.79%	-8.95%	4.61%	-2.05%
	2017.04	3.63%	1.61%	-2.72%	0.84%		7.53%	-4.71%	19.38%	7.40%
	2017.05	-9.42%	-8.54%	-13.13%	-10.36%		-2.96%	-1.09%	-3.86%	-2.64%
	2017.06	3.42%	2.10%	-5.16%	0.12%		3.23%	6.74%	-5.55%	1.47%
	2017.07	1.59%	9.99%	7.09%	6.23%		9.09%	7.93%	11.28%	9.44%
	2017.08	9.25%	7.03%	7.68%	7.99%		2.14%	12.08%	-0.70%	4.51%
	2017.09	7.47%	3.62%	13.94%	8.34%		11.34%	-9.15%	4.18%	2.12%
	2017.10	-2.97%	-1.81%	-1.32%	-2.03%		23.40%	0.72%	1.60%	8.57%
	2017.11	-1.82%	-7.27%	-12.51%	-7.20%		-13.29%	9.47%	-8.14%	-3.99%
	2017.12	3.58%	8.17%	6.60%	6.12%		-2.87%	15.79%	13.23%	8.72%
	Retorno médio	1.78%	1.87%	2.63%	2.09%		2.00%	2.08%	0.89%	1.66%
	Risco	8.86%	9.00%	12.20%	9.06%		13.51%	10.60%	9.19%	7.93%
	Coef. de variação	4.97	4.82	4.65	4.33		6.76	5.10	10.29	4.79
	Correlação	0.80	0.68	0.71			0.18	0.31	0.30
	Questão 11- a)		CARTEIRA 1				CARTEIRA 2
		Ativo	ItauUnibanco	Bradesco	Banco do Brasil	CARTEIRA	Braskem	Vale	Pão de Açucar	CARTEIRA
		Coefic. de variação	4.97	4.82	4.65	4.33	6.76	5.10	10.29	4.79
	Questão 11-b)	Considerando a diversificação, a cateira 2 apresentou melhores índices, se comparados com a carteira 1. Isso porque a diversificação se dá pela menor correlação entre os ativos (dentro de cada carteira), indicando menores riscos - quanto mais baixa for a correlação, menor tende ser o risco. A carteira 1 apresentou o menor coeficiente de variação (4,33), que representa também uma medida de risco (quanto menor for, melhor), em comparação com a carteira 2 (4,79), porém sua correlação entre os ativos (dentro da carteira) é maior. Para diminuir o risco, considerando a diversificação, o importante é verificar correlação entre os ativos e ainda variar o peso dos ativos, objetivando maior eficiência.
	Questão 11-c)	As empresas atreladas a carteira 1 são todas do ramo bancário. Empiricamente, são empresas sólidas, estáveis, experientes, com capacidade de gerar receitas consistentes, além de que a recuperação em caso de crise, pode ser mais rápida do que outras indústrias, por possuir diversos mecanismos para mitigar estas situações. Os dados apontam que as ações do bancos foram mais rentáveis, porém, com baixa diversificação. Já na carteira 2, as ações escolhidas pertencem a diferentes setores (petroquímico, mineração e varejo), o que leva a uma diversificação dos ativos. Apesar de serem indústrias variadas, podendo possuir maior volatilidade, tendo exigências ambientais, maior competição, a diversificação de indústrias dentro de uma mesma carteira, pode fazer com que alcançe maior eficiência.
		Alunos: Érica Santos, Fernanda Lemos Kaus, Kamila Jankoski e Paulo Maidl.
image1.png