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Diversificao de Investimentos
Esta planilha financeira ir ajudar voc:
1. Saber como medir o potencial de diversificao de uma carteira de investimentos.
2. Entender como uma diversificao melhor ajuda a diminuir o risc o de uma carteira.
3. Quanto mais ativos, melhores tende a ser a reduo de risco.

Crditos: Planilha Financeira desenvolvida por Henrique Carvalho

HC Investimentos

Clique Aqui!

stimentos.
ma carteira.

HC Investimentos

31.57%

Potencial de Diversificao =>


Estatsticas
Risco
Mdia Risco

Ms
Jul-94
Aug-94
Sep-94
Oct-94
Nov-94
Dec-94
Jan-95
Feb-95
Mar-95
Apr-95
May-95
Jun-95
Jul-95
Aug-95
Sep-95
Oct-95
Nov-95
Dec-95
Jan-96
Feb-96
Mar-96
Apr-96
May-96
Jun-96
Jul-96
Aug-96
Sep-96
Oct-96
Nov-96
Dec-96
Jan-97
Feb-97
Mar-97
Apr-97
May-97
Jun-97
Jul-97
Aug-97
Sep-97
Oct-97
Nov-97
Dec-97
Jan-98

Carteira

IBOV

19.54%
28.55%

32.68%

Alocao >
Carteira
7.18%
13.94%
0.12%
-7.83%
-1.82%
-3.85%
-6.65%
-9.03%
-3.26%
17.57%
-1.77%
-1.18%
5.17%
7.34%
5.13%
-6.63%
3.83%
-0.85%
12.15%
-2.03%
0.12%
2.72%
6.79%
3.55%
1.06%
1.56%
1.97%
1.04%
1.44%
3.61%
8.14%
6.32%
1.77%
6.39%
8.48%
6.66%
1.70%
-10.24%
6.90%
-14.05%
2.97%
5.36%
-2.54%

60%
IBOV
15.96%
26.85%
2.90%
-12.51%
-2.96%
-6.49%
-10.77%
-15.81%
-8.92%
28.02%
-2.44%
-3.15%
7.61%
11.17%
8.34%
-11.60%
6.06%
-1.82%
19.83%
-3.76%
-0.06%
4.22%
10.92%
5.52%
1.31%
2.22%
2.99%
1.34%
2.03%
5.61%
13.14%
10.19%
2.45%
10.37%
13.64%
10.78%
2.43%
-17.58%
11.20%
-23.83%
4.54%
8.54%
-4.67%

Reduo de Risco (Risco Efetivo / Risco Ponde

DLAR
22.37%

Desvio-Padro Anualizado
Mdia Ponderada do Risco dos Investimentos

40%
DLAR
-6.00%
-5.43%
-4.05%
-0.82%
-0.12%
0.12%
-0.47%
1.13%
5.23%
1.90%
-0.77%
1.77%
1.52%
1.60%
0.32%
0.83%
0.49%
0.61%
0.63%
0.57%
0.39%
0.46%
0.59%
0.60%
0.68%
0.56%
0.45%
0.60%
0.55%
0.60%
0.64%
0.52%
0.74%
0.42%
0.74%
0.49%
0.60%
0.76%
0.44%
0.61%
0.61%
0.59%
0.65%

<= Altere a Alocao para ver como o risco da

Feb-98
Mar-98
Apr-98
May-98
Jun-98
Jul-98
Aug-98
Sep-98
Oct-98
Nov-98
Dec-98
Jan-99
Feb-99
Mar-99
Apr-99
May-99
Jun-99
Jul-99
Aug-99
Sep-99
Oct-99
Nov-99
Dec-99
Jan-00
Feb-00
Mar-00
Apr-00
May-00
Jun-00
Jul-00
Aug-00
Sep-00
Oct-00
Nov-00
Dec-00
Jan-01
Feb-01
Mar-01
Apr-01
May-01
Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02

5.48%
8.06%
-1.11%
-9.19%
-0.80%
6.60%
-23.27%
1.41%
4.39%
13.77%
-12.59%
37.90%
7.07%
5.38%
2.24%
0.14%
3.96%
-5.67%
3.54%
3.21%
3.85%
10.06%
11.65%
-2.17%
3.93%
0.07%
-6.33%
-1.80%
6.52%
-1.54%
4.35%
-4.46%
-2.58%
-5.32%
8.82%
9.81%
-4.54%
-3.21%
2.42%
2.13%
-1.30%
-1.13%
-2.01%
-8.43%
4.65%
5.64%
-0.61%
-1.81%
5.03%
-3.75%
-0.10%
1.67%
-2.92%

8.74%
13.02%
-2.25%
-15.68%
-1.71%
10.63%
-39.55%
1.85%
6.89%
22.50%
-21.40%
20.45%
9.04%
20.04%
6.11%
-2.30%
4.84%
-10.19%
1.18%
5.13%
5.35%
17.77%
24.05%
-4.11%
7.81%
0.91%
-12.81%
-3.74%
11.84%
-1.63%
5.42%
-8.17%
-6.66%
-10.63%
14.84%
15.81%
-10.08%
-9.14%
3.32%
-1.80%
-0.61%
-5.53%
-6.65%
-17.17%
6.85%
13.79%
4.47%
-5.83%
10.31%
-5.55%
-1.28%
-1.71%
-13.39%

0.60%
0.62%
0.61%
0.54%
0.56%
0.56%
1.16%
0.74%
0.64%
0.67%
0.62%
64.08%
4.11%
-16.60%
-3.56%
3.81%
2.64%
1.11%
7.08%
0.33%
1.60%
-1.51%
-6.95%
0.75%
-1.88%
-1.20%
3.40%
1.10%
-1.46%
-1.40%
2.74%
1.11%
3.54%
2.65%
-0.21%
0.80%
3.76%
5.69%
1.07%
8.02%
-2.33%
5.48%
4.95%
4.69%
1.34%
-6.59%
-8.24%
4.22%
-2.90%
-1.05%
1.67%
6.75%
12.78%

Jul-02
Aug-02
Sep-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06

0.80%
-0.93%
1.38%
8.18%
1.92%
3.20%
-2.96%
-3.20%
3.44%
1.30%
5.18%
-3.27%
4.08%
7.10%
2.73%
6.47%
8.65%
5.29%
-0.32%
-0.63%
1.00%
-6.37%
2.31%
4.65%
2.33%
0.03%
0.14%
-0.53%
3.65%
1.43%
-4.68%
8.88%
-2.16%
-6.01%
-1.13%
-1.26%
3.06%
4.17%
5.18%
-2.06%
2.59%
5.32%
6.71%
-1.10%
-0.33%
2.28%
-1.66%
-2.21%
0.95%
-2.06%
1.02%
4.06%
4.52%

-12.36%
6.35%
-16.95%
17.92%
3.35%
7.23%
-2.90%
-6.04%
9.66%
11.38%
6.89%
-3.35%
4.62%
11.81%
5.51%
12.32%
12.24%
10.17%
-1.73%
-0.44%
1.78%
-11.45%
-0.32%
8.21%
5.62%
2.09%
1.94%
-0.83%
9.01%
4.25%
-7.05%
15.56%
-5.43%
-6.64%
1.47%
-0.62%
3.96%
7.69%
12.62%
-4.40%
5.71%
4.82%
14.73%
0.59%
-1.71%
6.36%
-9.50%
0.27%
1.22%
-2.28%
0.60%
7.72%
6.80%

20.54%
-11.85%
28.87%
-6.42%
-0.23%
-2.84%
-3.04%
1.06%
-5.90%
-13.82%
2.62%
-3.16%
3.26%
0.03%
-1.45%
-2.30%
3.26%
-2.04%
1.79%
-0.92%
-0.18%
1.24%
6.26%
-0.69%
-2.60%
-3.07%
-2.56%
-0.07%
-4.40%
-2.79%
-1.12%
-1.14%
2.74%
-5.06%
-5.04%
-2.22%
1.71%
-1.12%
-5.99%
1.44%
-2.10%
6.06%
-5.33%
-3.63%
1.73%
-3.83%
10.11%
-5.92%
0.55%
-1.72%
1.66%
-1.44%
1.11%

Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11

3.10%
-0.02%
-1.29%
1.49%
3.81%
2.00%
2.38%
-1.24%
2.30%
3.89%
2.75%
-1.21%
0.56%
-4.38%
2.28%
-0.82%
5.38%
2.80%
-7.18%
-5.72%
-2.13%
0.23%
-10.68%
3.06%
1.63%
2.44%
-0.63%
3.24%
6.97%
3.73%
-2.38%
2.23%
2.19%
3.04%
-0.74%
5.51%
1.17%
0.28%
-0.35%
2.83%
-3.56%
-1.99%
-2.34%
5.50%
-2.13%
2.54%
1.24%
-2.18%
0.25%
-2.08%
0.44%
0.29%
-3.51%

6.06%
0.38%
-1.68%
4.36%
6.88%
6.77%
4.06%
-0.39%
0.84%
10.67%
8.02%
-3.54%
1.40%
-6.88%
6.72%
-3.97%
11.32%
6.96%
-10.44%
-8.48%
-6.43%
-11.03%
-24.80%
-1.77%
2.61%
4.66%
-2.84%
7.18%
15.55%
12.49%
-3.25%
6.41%
3.15%
8.90%
0.04%
8.93%
2.30%
-4.65%
1.68%
5.82%
-4.04%
-6.64%
-3.34%
10.80%
-3.51%
6.58%
1.79%
-4.20%
2.36%
-3.94%
1.22%
1.79%
-3.58%

-1.33%
-0.62%
-0.70%
-2.82%
-0.80%
-5.16%
-0.14%
-2.52%
4.50%
-6.27%
-5.16%
2.28%
-0.70%
-0.62%
-4.37%
3.91%
-3.54%
-3.43%
-2.30%
-1.59%
4.33%
17.13%
10.50%
10.30%
0.17%
-0.89%
2.69%
-2.66%
-5.91%
-9.42%
-1.08%
-4.05%
0.74%
-5.74%
-1.92%
0.37%
-0.53%
7.67%
-3.40%
-1.66%
-2.83%
4.98%
-0.84%
-2.46%
-0.07%
-3.52%
0.42%
0.86%
-2.91%
0.72%
-0.73%
-1.96%
-3.40%

May-11
Jun-11
Jul-11

-1.21%
-2.53%
-3.57%

-2.29%
-3.43%
-5.74%

0.42%
-1.19%
-0.31%

Reduo de Risco (Risco Efetivo / Risco Ponderado)

Desvio-Padro Anualizado

Mdia Ponderada do Risco dos Investimentos

<= Altere a Alocao para ver como o risco da carteira muda

D
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34.65%

Potencial de Diversificao =>


Estatsticas
Risco
Mdia Risco

Ms
Jul-94
Aug-94
Sep-94
Oct-94
Nov-94
Dec-94
Jan-95
Feb-95
Mar-95
Apr-95
May-95
Jun-95
Jul-95
Aug-95
Sep-95
Oct-95
Nov-95
Dec-95
Jan-96
Feb-96
Mar-96
Apr-96
May-96
Jun-96
Jul-96
Aug-96
Sep-96
Oct-96
Nov-96
Dec-96
Jan-97
Feb-97
Mar-97
Apr-97
May-97
Jun-97
Jul-97
Aug-97
Sep-97
Oct-97
Nov-97
Dec-97
Jan-98

Carteira

IBOV

18.61%
28.48%

32.68%

Alocao >
Carteira
5.35%
11.72%
-0.14%
-7.80%
-1.66%
-2.76%
-6.38%
-7.35%
-0.70%
14.46%
-1.92%
-0.46%
4.14%
6.47%
4.64%
-5.55%
3.69%
-0.47%
11.23%
-1.94%
0.21%
2.01%
5.69%
2.34%
1.37%
1.45%
1.17%
1.06%
0.92%
2.86%
5.10%
6.58%
0.98%
4.50%
7.56%
5.09%
0.30%
-8.27%
6.70%
-12.87%
1.14%
4.21%
-0.97%

50%
IBOV
15.96%
26.85%
2.90%
-12.51%
-2.96%
-6.49%
-10.77%
-15.81%
-8.92%
28.02%
-2.44%
-3.15%
7.61%
11.17%
8.34%
-11.60%
6.06%
-1.82%
19.83%
-3.76%
-0.06%
4.22%
10.92%
5.52%
1.31%
2.22%
2.99%
1.34%
2.03%
5.61%
13.14%
10.19%
2.45%
10.37%
13.64%
10.78%
2.43%
-17.58%
11.20%
-23.83%
4.54%
8.54%
-4.67%

DLAR
22.37%

<= Reduo de Risco (Risco Efetivo


OURO
26.18%

Desvio-Padro Anualizado

Mdia Ponderada do Risco dos Inve


25%
DLAR
-6.00%
-5.43%
-4.05%
-0.82%
-0.12%
0.12%
-0.47%
1.13%
5.23%
1.90%
-0.77%
1.77%
1.52%
1.60%
0.32%
0.83%
0.49%
0.61%
0.63%
0.57%
0.39%
0.46%
0.59%
0.60%
0.68%
0.56%
0.45%
0.60%
0.55%
0.60%
0.64%
0.52%
0.74%
0.42%
0.74%
0.49%
0.60%
0.76%
0.44%
0.61%
0.61%
0.59%
0.65%

25%
OURO
-4.54%
-1.40%
-2.31%
-5.36%
-0.58%
1.84%
-3.51%
1.08%
9.82%
-0.09%
-2.04%
2.71%
-0.18%
1.94%
1.56%
0.17%
2.13%
1.17%
4.61%
-0.79%
0.56%
-0.87%
0.32%
-2.30%
2.19%
0.79%
-1.74%
0.96%
-0.95%
-0.40%
-6.53%
5.43%
-1.72%
-3.16%
2.23%
-1.68%
-4.27%
1.34%
3.96%
-4.41%
-5.14%
-0.84%
4.81%

<= Altere a Alocao para ver com

Feb-98
Mar-98
Apr-98
May-98
Jun-98
Jul-98
Aug-98
Sep-98
Oct-98
Nov-98
Dec-98
Jan-99
Feb-99
Mar-99
Apr-99
May-99
Jun-99
Jul-99
Aug-99
Sep-99
Oct-99
Nov-99
Dec-99
Jan-00
Feb-00
Mar-00
Apr-00
May-00
Jun-00
Jul-00
Aug-00
Sep-00
Oct-00
Nov-00
Dec-00
Jan-01
Feb-01
Mar-01
Apr-01
May-01
Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02

4.16%
7.19%
-0.50%
-8.36%
-0.49%
4.56%
-19.79%
3.24%
3.20%
11.44%
-11.42%
43.75%
5.82%
1.77%
1.93%
-0.92%
2.92%
-4.82%
3.44%
7.49%
2.94%
8.04%
8.18%
-4.25%
6.17%
-1.20%
-4.22%
-1.46%
6.61%
-1.56%
3.66%
-3.81%
-2.66%
-4.03%
7.66%
7.27%
-3.24%
-3.01%
3.45%
3.58%
-1.01%
-1.40%
-1.08%
-3.70%
2.37%
3.46%
-0.39%
-0.95%
4.38%
-2.86%
0.64%
3.89%
-1.25%

8.74%
13.02%
-2.25%
-15.68%
-1.71%
10.63%
-39.55%
1.85%
6.89%
22.50%
-21.40%
20.45%
9.04%
20.04%
6.11%
-2.30%
4.84%
-10.19%
1.18%
5.13%
5.35%
17.77%
24.05%
-4.11%
7.81%
0.91%
-12.81%
-3.74%
11.84%
-1.63%
5.42%
-8.17%
-6.66%
-10.63%
14.84%
15.81%
-10.08%
-9.14%
3.32%
-1.80%
-0.61%
-5.53%
-6.65%
-17.17%
6.85%
13.79%
4.47%
-5.83%
10.31%
-5.55%
-1.28%
-1.71%
-13.39%

0.60%
0.62%
0.61%
0.54%
0.56%
0.56%
1.16%
0.74%
0.64%
0.67%
0.62%
64.08%
4.11%
-16.60%
-3.56%
3.81%
2.64%
1.11%
7.08%
0.33%
1.60%
-1.51%
-6.95%
0.75%
-1.88%
-1.20%
3.40%
1.10%
-1.46%
-1.40%
2.74%
1.11%
3.54%
2.65%
-0.21%
0.80%
3.76%
5.69%
1.07%
8.02%
-2.33%
5.48%
4.95%
4.69%
1.34%
-6.59%
-8.24%
4.22%
-2.90%
-1.05%
1.67%
6.75%
12.78%

-1.44%
2.10%
1.88%
-2.63%
0.90%
-3.57%
-1.20%
8.53%
-1.64%
0.09%
-3.51%
70.00%
1.07%
-16.40%
-0.95%
-2.88%
-0.66%
0.00%
4.30%
19.37%
-0.53%
-1.87%
-8.45%
-9.54%
10.94%
-5.40%
5.33%
0.53%
4.21%
-1.59%
1.04%
0.00%
-0.86%
2.48%
1.15%
-3.33%
3.45%
0.56%
6.08%
9.90%
-0.47%
0.00%
4.05%
14.87%
-5.58%
-7.17%
-2.27%
3.64%
-0.22%
0.70%
3.45%
12.24%
9.02%

Jul-02
Aug-02
Sep-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06

4.04%
-2.58%
3.99%
6.89%
2.17%
4.26%
-1.05%
-3.46%
1.14%
-0.85%
6.79%
-4.32%
4.01%
7.52%
2.50%
5.40%
8.28%
5.31%
-0.87%
-1.04%
2.40%
-7.26%
3.64%
3.21%
1.84%
0.54%
0.40%
-0.04%
3.42%
0.39%
-5.07%
8.13%
-1.76%
-5.67%
-2.44%
-0.48%
2.41%
3.49%
5.38%
-1.95%
3.52%
6.34%
7.46%
-1.66%
0.35%
4.52%
0.96%
-4.67%
1.62%
-2.02%
-0.54%
3.92%
5.49%

-12.36%
6.35%
-16.95%
17.92%
3.35%
7.23%
-2.90%
-6.04%
9.66%
11.38%
6.89%
-3.35%
4.62%
11.81%
5.51%
12.32%
12.24%
10.17%
-1.73%
-0.44%
1.78%
-11.45%
-0.32%
8.21%
5.62%
2.09%
1.94%
-0.83%
9.01%
4.25%
-7.05%
15.56%
-5.43%
-6.64%
1.47%
-0.62%
3.96%
7.69%
12.62%
-4.40%
5.71%
4.82%
14.73%
0.59%
-1.71%
6.36%
-9.50%
0.27%
1.22%
-2.28%
0.60%
7.72%
6.80%

20.54%
-11.85%
28.87%
-6.42%
-0.23%
-2.84%
-3.04%
1.06%
-5.90%
-13.82%
2.62%
-3.16%
3.26%
0.03%
-1.45%
-2.30%
3.26%
-2.04%
1.79%
-0.92%
-0.18%
1.24%
6.26%
-0.69%
-2.60%
-3.07%
-2.56%
-0.07%
-4.40%
-2.79%
-1.12%
-1.14%
2.74%
-5.06%
-5.04%
-2.22%
1.71%
-1.12%
-5.99%
1.44%
-2.10%
6.06%
-5.33%
-3.63%
1.73%
-3.83%
10.11%
-5.92%
0.55%
-1.72%
1.66%
-1.44%
1.11%

20.34%
-11.17%
20.97%
-1.87%
2.22%
5.42%
4.63%
-2.83%
-8.85%
-12.34%
10.76%
-7.43%
3.55%
6.41%
0.42%
-0.73%
5.37%
2.93%
-1.81%
-2.37%
6.22%
-7.38%
8.93%
-2.90%
-1.30%
1.05%
0.26%
1.56%
0.05%
-4.14%
-5.07%
2.53%
1.10%
-4.34%
-7.65%
1.53%
0.00%
-0.30%
2.27%
-0.44%
4.76%
9.66%
5.70%
-4.17%
3.07%
9.18%
12.73%
-13.31%
3.49%
-1.80%
-5.03%
1.69%
7.23%

Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11

1.73%
0.84%
-0.68%
1.09%
4.22%
0.73%
1.14%
-1.47%
2.15%
4.71%
4.71%
0.27%
-0.42%
-1.84%
2.75%
-1.62%
2.35%
2.68%
-5.58%
-4.90%
-3.48%
4.39%
-11.12%
5.02%
4.01%
3.50%
0.18%
1.85%
4.56%
4.15%
-3.09%
0.99%
1.67%
3.26%
0.35%
8.32%
-1.26%
1.21%
-0.31%
3.57%
-2.36%
-0.99%
-1.15%
3.81%
-0.88%
2.60%
2.92%
-0.32%
-0.43%
-4.14%
1.81%
0.41%
-2.29%

6.06%
0.38%
-1.68%
4.36%
6.88%
6.77%
4.06%
-0.39%
0.84%
10.67%
8.02%
-3.54%
1.40%
-6.88%
6.72%
-3.97%
11.32%
6.96%
-10.44%
-8.48%
-6.43%
-11.03%
-24.80%
-1.77%
2.61%
4.66%
-2.84%
7.18%
15.55%
12.49%
-3.25%
6.41%
3.15%
8.90%
0.04%
8.93%
2.30%
-4.65%
1.68%
5.82%
-4.04%
-6.64%
-3.34%
10.80%
-3.51%
6.58%
1.79%
-4.20%
2.36%
-3.94%
1.22%
1.79%
-3.58%

-1.33%
-0.62%
-0.70%
-2.82%
-0.80%
-5.16%
-0.14%
-2.52%
4.50%
-6.27%
-5.16%
2.28%
-0.70%
-0.62%
-4.37%
3.91%
-3.54%
-3.43%
-2.30%
-1.59%
4.33%
17.13%
10.50%
10.30%
0.17%
-0.89%
2.69%
-2.66%
-5.91%
-9.42%
-1.08%
-4.05%
0.74%
-5.74%
-1.92%
0.37%
-0.53%
7.67%
-3.40%
-1.66%
-2.83%
4.98%
-0.84%
-2.46%
-0.07%
-3.52%
0.42%
0.86%
-2.91%
0.72%
-0.73%
-1.96%
-3.40%

-3.87%
3.22%
1.34%
-1.54%
3.91%
-5.48%
-3.41%
-2.59%
2.42%
3.77%
7.95%
5.89%
-3.78%
7.02%
1.93%
-2.46%
-9.71%
0.22%
0.86%
-1.06%
-5.38%
22.50%
-5.38%
13.33%
10.64%
5.55%
3.70%
-4.29%
-6.94%
1.04%
-4.76%
-4.83%
-0.35%
0.97%
3.22%
15.03%
-9.10%
6.45%
-1.20%
4.28%
1.47%
4.35%
2.92%
-3.91%
3.58%
0.75%
7.67%
6.25%
-3.53%
-9.39%
5.52%
0.00%
1.40%

May-11
Jun-11
Jul-11

-1.26%
-1.47%
-0.62%

-2.29%
-3.43%
-5.74%

0.42%
-1.19%
-0.31%

-0.88%
2.16%
9.32%

de Risco (Risco Efetivo / Risco Ponderado)

o Anualizado

rada do Risco dos Investimentos

Alocao para ver como o risco da carteira muda

37.52%

Potencial de Diversificao =>


Estatsticas
Risco
Mdia Risco

Ms
Jul-94
Aug-94
Sep-94
Oct-94
Nov-94
Dec-94
Jan-95
Feb-95
Mar-95
Apr-95
May-95
Jun-95
Jul-95
Aug-95
Sep-95
Oct-95
Nov-95
Dec-95
Jan-96
Feb-96
Mar-96
Apr-96
May-96
Jun-96
Jul-96
Aug-96
Sep-96
Oct-96
Nov-96
Dec-96
Jan-97
Feb-97
Mar-97
Apr-97
May-97
Jun-97
Jul-97
Aug-97
Sep-97
Oct-97
Nov-97
Dec-97
Jan-98

Carteira

IBOV

DLAR

OURO

CDI

13.17%
21.07%

32.68%

22.37%

26.18%

3.06%

Alocao >
Carteira
3.03%
6.05%
0.10%
-3.76%
0.11%
-0.17%
-2.82%
-2.59%
2.64%
8.51%
-0.25%
1.35%
3.24%
4.63%
3.37%
-1.89%
2.88%
0.67%
6.91%
-0.42%
0.77%
1.46%
3.46%
1.44%
1.52%
1.38%
0.90%
1.19%
0.86%
1.90%
2.25%
4.45%
0.77%
2.32%
4.55%
2.80%
0.09%
-3.48%
4.30%
-6.49%
0.75%
2.80%
0.87%

25%
IBOV
15.96%
26.85%
2.90%
-12.51%
-2.96%
-6.49%
-10.77%
-15.81%
-8.92%
28.02%
-2.44%
-3.15%
7.61%
11.17%
8.34%
-11.60%
6.06%
-1.82%
19.83%
-3.76%
-0.06%
4.22%
10.92%
5.52%
1.31%
2.22%
2.99%
1.34%
2.03%
5.61%
13.14%
10.19%
2.45%
10.37%
13.64%
10.78%
2.43%
-17.58%
11.20%
-23.83%
4.54%
8.54%
-4.67%

25%
DLAR
-6.00%
-5.43%
-4.05%
-0.82%
-0.12%
0.12%
-0.47%
1.13%
5.23%
1.90%
-0.77%
1.77%
1.52%
1.60%
0.32%
0.83%
0.49%
0.61%
0.63%
0.57%
0.39%
0.46%
0.59%
0.60%
0.68%
0.56%
0.45%
0.60%
0.55%
0.60%
0.64%
0.52%
0.74%
0.42%
0.74%
0.49%
0.60%
0.76%
0.44%
0.61%
0.61%
0.59%
0.65%

25%
OURO
-4.54%
-1.40%
-2.31%
-5.36%
-0.58%
1.84%
-3.51%
1.08%
9.82%
-0.09%
-2.04%
2.71%
-0.18%
1.94%
1.56%
0.17%
2.13%
1.17%
4.61%
-0.79%
0.56%
-0.87%
0.32%
-2.30%
2.19%
0.79%
-1.74%
0.96%
-0.95%
-0.40%
-6.53%
5.43%
-1.72%
-3.16%
2.23%
-1.68%
-4.27%
1.34%
3.96%
-4.41%
-5.14%
-0.84%
4.81%

25%
CDI
6.68%
4.16%
3.85%
3.65%
4.11%
3.84%
3.47%
3.23%
4.41%
4.22%
4.27%
4.05%
4.01%
3.81%
3.25%
3.06%
2.84%
2.73%
2.56%
2.31%
2.20%
2.03%
2.00%
1.94%
1.91%
1.95%
1.88%
1.86%
1.79%
1.79%
1.74%
1.66%
1.62%
1.66%
1.58%
1.59%
1.61%
1.58%
1.58%
1.68%
2.98%
2.91%
2.67%

Feb-98
Mar-98
Apr-98
May-98
Jun-98
Jul-98
Aug-98
Sep-98
Oct-98
Nov-98
Dec-98
Jan-99
Feb-99
Mar-99
Apr-99
May-99
Jun-99
Jul-99
Aug-99
Sep-99
Oct-99
Nov-99
Dec-99
Jan-00
Feb-00
Mar-00
Apr-00
May-00
Jun-00
Jul-00
Aug-00
Sep-00
Oct-00
Nov-00
Dec-00
Jan-01
Feb-01
Mar-01
Apr-01
May-01
Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02

2.50%
4.48%
0.48%
-4.04%
0.34%
2.33%
-9.53%
3.40%
2.21%
6.46%
-5.48%
39.18%
4.14%
-2.42%
0.97%
0.15%
2.11%
-1.87%
3.53%
6.58%
1.95%
3.94%
2.56%
-2.87%
4.58%
-1.06%
-0.70%
-0.16%
4.00%
-0.83%
2.65%
-1.46%
-0.68%
-1.07%
4.24%
3.64%
-0.47%
-0.41%
2.91%
4.36%
-0.54%
0.36%
0.99%
0.93%
1.04%
0.36%
-1.16%
0.89%
2.11%
-1.13%
1.33%
4.67%
2.43%

8.74%
13.02%
-2.25%
-15.68%
-1.71%
10.63%
-39.55%
1.85%
6.89%
22.50%
-21.40%
20.45%
9.04%
20.04%
6.11%
-2.30%
4.84%
-10.19%
1.18%
5.13%
5.35%
17.77%
24.05%
-4.11%
7.81%
0.91%
-12.81%
-3.74%
11.84%
-1.63%
5.42%
-8.17%
-6.66%
-10.63%
14.84%
15.81%
-10.08%
-9.14%
3.32%
-1.80%
-0.61%
-5.53%
-6.65%
-17.17%
6.85%
13.79%
4.47%
-5.83%
10.31%
-5.55%
-1.28%
-1.71%
-13.39%

0.60%
0.62%
0.61%
0.54%
0.56%
0.56%
1.16%
0.74%
0.64%
0.67%
0.62%
64.08%
4.11%
-16.60%
-3.56%
3.81%
2.64%
1.11%
7.08%
0.33%
1.60%
-1.51%
-6.95%
0.75%
-1.88%
-1.20%
3.40%
1.10%
-1.46%
-1.40%
2.74%
1.11%
3.54%
2.65%
-0.21%
0.80%
3.76%
5.69%
1.07%
8.02%
-2.33%
5.48%
4.95%
4.69%
1.34%
-6.59%
-8.24%
4.22%
-2.90%
-1.05%
1.67%
6.75%
12.78%

-1.44%
2.10%
1.88%
-2.63%
0.90%
-3.57%
-1.20%
8.53%
-1.64%
0.09%
-3.51%
70.00%
1.07%
-16.40%
-0.95%
-2.88%
-0.66%
0.00%
4.30%
19.37%
-0.53%
-1.87%
-8.45%
-9.54%
10.94%
-5.40%
5.33%
0.53%
4.21%
-1.59%
1.04%
0.00%
-0.86%
2.48%
1.15%
-3.33%
3.45%
0.56%
6.08%
9.90%
-0.47%
0.00%
4.05%
14.87%
-5.58%
-7.17%
-2.27%
3.64%
-0.22%
0.70%
3.45%
12.24%
9.02%

2.11%
2.18%
1.69%
1.63%
1.60%
1.69%
1.47%
2.49%
2.93%
2.58%
2.38%
2.17%
2.35%
3.29%
2.28%
1.96%
1.63%
1.62%
1.55%
1.47%
1.37%
1.37%
1.58%
1.44%
1.44%
1.44%
1.28%
1.49%
1.39%
1.30%
1.40%
1.22%
1.28%
1.22%
1.19%
1.26%
1.01%
1.25%
1.18%
1.33%
1.27%
1.50%
1.60%
1.32%
1.53%
1.39%
1.39%
1.53%
1.25%
1.37%
1.48%
1.40%
1.31%

Jul-02
Aug-02
Sep-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06

7.51%
-3.81%
8.57%
2.82%
1.72%
2.89%
0.17%
-1.50%
-0.83%
-3.23%
5.56%
-3.02%
3.38%
5.00%
1.54%
2.73%
5.55%
3.11%
-0.12%
-0.66%
2.30%
-4.11%
4.02%
1.46%
0.75%
0.34%
0.22%
0.47%
1.48%
-0.30%
-2.97%
4.54%
-0.02%
-3.66%
-2.43%
0.07%
1.80%
1.98%
2.60%
-0.50%
2.44%
5.50%
4.13%
-1.52%
1.13%
3.20%
3.66%
-4.45%
1.61%
-1.14%
-0.43%
2.27%
4.04%

-12.36%
6.35%
-16.95%
17.92%
3.35%
7.23%
-2.90%
-6.04%
9.66%
11.38%
6.89%
-3.35%
4.62%
11.81%
5.51%
12.32%
12.24%
10.17%
-1.73%
-0.44%
1.78%
-11.45%
-0.32%
8.21%
5.62%
2.09%
1.94%
-0.83%
9.01%
4.25%
-7.05%
15.56%
-5.43%
-6.64%
1.47%
-0.62%
3.96%
7.69%
12.62%
-4.40%
5.71%
4.82%
14.73%
0.59%
-1.71%
6.36%
-9.50%
0.27%
1.22%
-2.28%
0.60%
7.72%
6.80%

20.54%
-11.85%
28.87%
-6.42%
-0.23%
-2.84%
-3.04%
1.06%
-5.90%
-13.82%
2.62%
-3.16%
3.26%
0.03%
-1.45%
-2.30%
3.26%
-2.04%
1.79%
-0.92%
-0.18%
1.24%
6.26%
-0.69%
-2.60%
-3.07%
-2.56%
-0.07%
-4.40%
-2.79%
-1.12%
-1.14%
2.74%
-5.06%
-5.04%
-2.22%
1.71%
-1.12%
-5.99%
1.44%
-2.10%
6.06%
-5.33%
-3.63%
1.73%
-3.83%
10.11%
-5.92%
0.55%
-1.72%
1.66%
-1.44%
1.11%

20.34%
-11.17%
20.97%
-1.87%
2.22%
5.42%
4.63%
-2.83%
-8.85%
-12.34%
10.76%
-7.43%
3.55%
6.41%
0.42%
-0.73%
5.37%
2.93%
-1.81%
-2.37%
6.22%
-7.38%
8.93%
-2.90%
-1.30%
1.05%
0.26%
1.56%
0.05%
-4.14%
-5.07%
2.53%
1.10%
-4.34%
-7.65%
1.53%
0.00%
-0.30%
2.27%
-0.44%
4.76%
9.66%
5.70%
-4.17%
3.07%
9.18%
12.73%
-13.31%
3.49%
-1.80%
-5.03%
1.69%
7.23%

1.53%
1.45%
1.38%
1.64%
1.53%
1.73%
1.97%
1.83%
1.77%
1.87%
1.96%
1.85%
2.08%
1.76%
1.67%
1.63%
1.34%
1.37%
1.26%
1.08%
1.37%
1.17%
1.22%
1.22%
1.28%
1.29%
1.24%
1.21%
1.25%
1.48%
1.38%
1.22%
1.52%
1.41%
1.50%
1.58%
1.51%
1.65%
1.50%
1.40%
1.38%
1.47%
1.43%
1.14%
1.42%
1.08%
1.28%
1.18%
1.17%
1.25%
1.05%
1.09%
1.02%

Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11

0.46%
1.02%
-0.04%
0.26%
2.73%
-0.71%
0.35%
-1.13%
2.19%
2.24%
2.93%
1.37%
-0.56%
0.11%
1.27%
-0.42%
-0.26%
1.16%
-2.73%
-2.52%
-1.62%
7.42%
-4.63%
5.71%
3.63%
2.59%
1.10%
0.30%
0.88%
1.22%
-2.08%
-0.42%
1.06%
1.21%
0.51%
6.25%
-1.65%
2.53%
-0.58%
2.30%
-1.18%
0.86%
-0.12%
1.32%
0.22%
1.16%
2.67%
0.93%
-0.79%
-2.94%
1.71%
0.19%
-1.19%

6.06%
0.38%
-1.68%
4.36%
6.88%
6.77%
4.06%
-0.39%
0.84%
10.67%
8.02%
-3.54%
1.40%
-6.88%
6.72%
-3.97%
11.32%
6.96%
-10.44%
-8.48%
-6.43%
-11.03%
-24.80%
-1.77%
2.61%
4.66%
-2.84%
7.18%
15.55%
12.49%
-3.25%
6.41%
3.15%
8.90%
0.04%
8.93%
2.30%
-4.65%
1.68%
5.82%
-4.04%
-6.64%
-3.34%
10.80%
-3.51%
6.58%
1.79%
-4.20%
2.36%
-3.94%
1.22%
1.79%
-3.58%

-1.33%
-0.62%
-0.70%
-2.82%
-0.80%
-5.16%
-0.14%
-2.52%
4.50%
-6.27%
-5.16%
2.28%
-0.70%
-0.62%
-4.37%
3.91%
-3.54%
-3.43%
-2.30%
-1.59%
4.33%
17.13%
10.50%
10.30%
0.17%
-0.89%
2.69%
-2.66%
-5.91%
-9.42%
-1.08%
-4.05%
0.74%
-5.74%
-1.92%
0.37%
-0.53%
7.67%
-3.40%
-1.66%
-2.83%
4.98%
-0.84%
-2.46%
-0.07%
-3.52%
0.42%
0.86%
-2.91%
0.72%
-0.73%
-1.96%
-3.40%

-3.87%
3.22%
1.34%
-1.54%
3.91%
-5.48%
-3.41%
-2.59%
2.42%
3.77%
7.95%
5.89%
-3.78%
7.02%
1.93%
-2.46%
-9.71%
0.22%
0.86%
-1.06%
-5.38%
22.50%
-5.38%
13.33%
10.64%
5.55%
3.70%
-4.29%
-6.94%
1.04%
-4.76%
-4.83%
-0.35%
0.97%
3.22%
15.03%
-9.10%
6.45%
-1.20%
4.28%
1.47%
4.35%
2.92%
-3.91%
3.58%
0.75%
7.67%
6.25%
-3.53%
-9.39%
5.52%
0.00%
1.40%

0.98%
1.08%
0.87%
1.05%
0.94%
1.02%
0.90%
0.97%
0.99%
0.80%
0.92%
0.84%
0.84%
0.92%
0.79%
0.84%
0.90%
0.87%
0.95%
1.06%
1.01%
1.10%
1.17%
1.00%
1.11%
1.04%
0.85%
0.97%
0.84%
0.77%
0.75%
0.78%
0.69%
0.69%
0.69%
0.66%
0.72%
0.66%
0.59%
0.76%
0.66%
0.75%
0.79%
0.86%
0.89%
0.84%
0.81%
0.81%
0.93%
0.86%
0.84%
0.92%
0.84%

May-11
Jun-11
Jul-11

-0.44%
-0.38%
1.06%

-2.29%
-3.43%
-5.74%

0.42%
-1.19%
-0.31%

-0.88%
2.16%
9.32%

0.99%
0.95%
0.97%

<= Reduo de Risco (Risco Efetivo / Risco Ponderado)

Desvio-Padro Anualizado
Mdia Ponderada do Risco dos Investimentos
<= Altere a Alocao para ver como o risco da carteira muda