Aplicação da Teoria Pós-Moderna de Risco na avaliação do desempenho das ações listadas no IBRX100 a partir do Ibovespa como Benchmark.

Abstract

This research consists of a study of the foundation data of the monthly returns of the component stocks of the portfolio IBRX100 MB & FBOVESPA. The overall objective of the research was to assess whether in relation to the BOVESPA Index in the period 2009 - 2013, the component stocks of IBRX100 obtained better or worse outcomes, according to the possible use of postmodern theory of risk in performance analysis. Regarding methodology, we conducted a descriptive-explanatory study on ends; and documentary and, as to the means, it is also characterized by the sample space of the shares in the portfolio of IBRX100 MB & FBOVESPA; and data processing is performed in the study of quantitative. The results obtained in this research show that the actions listed in IBRX100 obtained in the period 2009 - 2013, exceeding the benchmark represented by the average monthly return of the theoretical portfolio of the IBOVESPA Index results, since the study proved the superiority of semidesvios Upside in relation Downside to semidesvios, both grounded in postmodern theory of risk measurement.