Análise da ação ordinária do Banco do Brasil sob a perspectiva do risco sistemático.

Abstract

The aim of this paper is to analyze the Bank of Brazil common stock through systematic risk perspective. For this purpose, the daily records of return on banking sector stocks was analyzed, between January 5, 2016 to April 2, 2019, in order to verify the beta coefficient, used for measuring the assets systematic risk. The beta coefficient of Bank of Brazil common stock was compared with the others banking sector stocks, for evaluate the systematic risk. The results show that the banking sector stocks follow the market fluctuations, once the beta coefficients are nearly equal 1, however, the Bank of Brazil stock isn’t. The beta coefficient of Bank of Brazil stock continues with an equivalent proportion, but, noticeably in less degree. Therefore, was verified that the Bank of Brazil has a bigger systematic risk compared with the banking sector stocks. This study collaborates, fundamentally, for the understanding of the systematic risk degree of a financing institution incorporated as a semi-public corporation, with the State is the majority shareholder, like the Bank of Brazil.