Conhea nosso

MiniCurso Grtis

Clique Aqui!

Planilha: Otimizao de Carteiras (v.2003)

Esta planilha financeira ir ajudar voc:
1. Analisar Retorno e Risco Histrico entre Investimentos.
2. Montar uma carteira diversificada analisando diversos indicadores.
3. Otimizar uma carteira utilizando o SOLVER do Excel.

Crditos: Planilha Financeira desenvolvida por Henrique Carvalho

HC Investimentos

Clique Aqui!

HC Investimentos

Otimizao de Carteiras
Ativos
Ibov
Dlar
Ouro
CDI

1994

Alocao
39.18%
0.00%
0.00%
60.82%

Retorno
#REF!
#REF!
#REF!
#REF!

Risco
#REF!
#REF!
#REF!
#REF!

100%

#REF!

#REF!

Carteira

Grfico Alocao de Ativos

Ibov 39.18%
CDI 60.82%

#REF!

Estatsticas
Tipo
Retorno
Risco
Retorno / Risco
Stress Test
Sharpe
Potencial de Diversificao

Valor
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Retorno Anual Esperado da Carteira

Risco Anual Esperado da Carteira

Relao entre Retorno x Risco. 100% signigica q

Retorno Esperado em um cenrio muito raro

Ganho em Excesso da Carteira em relao a tax

Reduo do Risco ganha somente pela diversific

Altere apenas as clulas com fundo roxo

Dados
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

Carteira
10.32%
13.05%
3.48%
-2.68%
1.34%
-0.21%
-2.11%
-4.23%
-0.81%
13.55%
1.64%
1.23%
5.42%
6.69%
5.24%
-2.68%
4.10%
0.95%

39.18%
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%

0.00%
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%

0.00%
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%

60.82%
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%

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
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

9.33%
-0.07%
1.31%
2.89%
5.49%
3.34%
1.67%
2.06%
2.31%
1.66%
1.88%
3.29%
6.21%
5.00%
1.95%
5.07%
6.31%
5.19%
1.93%
-5.93%
5.35%
-8.32%
3.59%
5.12%
-0.21%
4.71%
6.43%
0.15%
-5.15%
0.30%
5.19%
-14.60%
2.24%
4.48%
10.38%
-6.94%
9.33%
4.97%
9.85%
3.78%
0.29%
2.89%
-3.01%
1.41%
2.90%
2.93%
7.80%
10.38%
-0.73%
3.94%
1.23%
-4.24%
-0.56%

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%
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%

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%
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%

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%
-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%

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%
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%

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
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

5.48%
0.15%
2.98%
-2.46%
-1.83%
-3.42%
6.54%
6.96%
-3.34%
-2.82%
2.02%
0.10%
0.53%
-1.25%
-1.63%
-5.92%
3.61%
6.25%
2.60%
-1.35%
4.80%
-1.34%
0.40%
0.18%
-4.45%
-3.91%
3.37%
-5.80%
8.02%
2.24%
3.88%
0.06%
-1.25%
4.86%
5.60%
3.89%
-0.19%
3.08%
5.70%
3.17%
5.82%
5.61%
4.82%
0.09%
0.48%
1.53%
-3.77%
0.62%
3.96%
2.98%
1.60%
1.51%
0.41%

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%
-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%

-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%
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%

4.21%
-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%
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%

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%
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%

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
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

4.29%
2.57%
-1.92%
6.84%
-1.20%
-1.74%
1.49%
0.72%
2.47%
4.02%
5.86%
-0.87%
3.08%
2.78%
6.64%
0.92%
0.19%
3.15%
-2.94%
0.82%
1.19%
-0.13%
0.87%
3.69%
3.28%
2.97%
0.81%
-0.13%
2.35%
3.27%
3.27%
2.14%
0.44%
0.93%
4.67%
3.70%
-0.88%
1.06%
-2.14%
3.12%
-1.05%
4.98%
3.26%
-3.51%
-2.68%
-1.90%
-3.65%
-9.00%
-0.09%
1.70%
2.46%
-0.59%
3.40%

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%
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%

-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%
-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%

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%
-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%

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%
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%

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
May-11
Jun-11
Jul-11

6.60%
5.36%
-0.82%
2.99%
1.65%
3.91%
0.44%
3.90%
1.34%
-1.42%
1.02%
2.74%
-1.18%
-2.15%
-0.83%
4.75%
-0.84%
3.09%
1.19%
-1.16%
1.49%
-1.02%
0.99%
1.26%
-0.89%
-0.30%
-0.76%
-1.66%

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%
-2.29%
-3.43%
-5.74%

-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%
0.42%
-1.19%
-0.31%

-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%
-0.88%
2.16%
9.32%

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%
0.99%
0.95%
0.97%

ocao de Ativos

Ibov 39.18%

.82%

da Carteira

Risco. 100% signigica que Retorno = Risco

cenrio muito raro

rteira em relao a taxa livre de risco (CDI)

somente pela diversificao

1994 - Maximizar Retorno dado mesmo Risco

0.3918094
0
0
0.6081906

Page 13

scn1

0.3918094
0
0
0.6081906

Page 14

Otimizao de Carteiras
Ativos
Ibov
Dlar
Ouro
Euro
CDI

1999

Alocao
14.73%
0.00%
12.22%
0.00%
73.05%

Retorno
#REF!
#REF!
#REF!
#REF!
#REF!

Risco
#REF!
#REF!
#REF!
#REF!
#REF!

100%

#REF!

#REF!

Carteira

Grfico Alocao de A

Ibov 14.

Ouro
CDI 73.05%

#REF!

Estatsticas
Tipo
Retorno
Risco
Retorno / Risco
Stress Test
Sharpe
Potencial de Diversificao

Valor
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Retorno Anual Esperado da Carteira

Risco Anual Esperado da Carteira

Relao entre Retorno x Risco. 100% sign

Retorno Esperado em um cenrio muito r

Ganho em Excesso da Carteira em rela

Reduo do Risco ganha somente pela d

Altere apenas as clulas com fundo roxo

Dados
Ms
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

Carteira
13.15%
3.18%
3.35%
2.45%
0.74%
1.82%
-0.32%
1.83%
4.20%
1.72%
3.39%
3.67%
-0.72%
3.54%
0.53%
-0.30%

14.73%
IBOV
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%

0.00%
DLAR
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%

12.22%
OURO
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%

0.00%
EURO
68.05%
-6.10%
-18.68%
-4.05%
2.64%
-0.53%
2.57%
9.00%
-0.01%
2.57%
-4.92%
-7.94%
-3.02%
-2.48%
-2.07%
-1.35%

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
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

0.60%
3.27%
0.52%
1.95%
-0.31%
-0.15%
-0.37%
3.20%
2.84%
-0.33%
-0.37%
2.09%
1.92%
0.78%
0.28%
0.68%
0.25%
1.45%
2.17%
1.40%
0.70%
2.41%
0.27%
1.31%
2.27%
0.09%
1.78%
0.63%
1.07%
3.61%
1.88%
2.99%
1.58%
0.10%
1.63%
1.53%
3.76%
-0.05%
2.63%
3.81%
2.08%
2.92%
3.44%
2.86%
0.44%
0.43%
2.02%
-1.73%
1.94%
1.75%
1.60%
1.38%
1.22%

-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%
-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%

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%
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%

0.53%
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%
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%

3.93%
0.19%
-4.18%
-1.50%
0.57%
-0.51%
5.53%
7.51%
0.11%
2.59%
0.54%
2.10%
3.07%
-1.88%
8.62%
9.27%
4.51%
0.24%
-7.01%
-9.12%
0.92%
-1.84%
-0.89%
5.10%
10.82%
19.69%
18.88%
-11.44%
29.59%
-6.21%
0.21%
2.19%
2.61%
1.47%
-4.86%
-11.79%
8.17%
-5.36%
0.80%
-2.30%
4.67%
-3.06%
6.96%
3.14%
0.48%
-0.63%
-1.70%
-1.44%
8.20%
-0.67%
-4.09%
-1.71%
-0.57%

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
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

0.95%
2.25%
1.20%
-0.65%
3.49%
0.44%
-0.48%
0.38%
1.25%
1.69%
2.30%
3.23%
0.32%
2.43%
2.96%
3.91%
0.41%
1.16%
2.85%
1.09%
-0.72%
1.46%
0.36%
0.24%
2.14%
2.63%
1.14%
1.24%
0.55%
1.22%
2.18%
1.07%
0.84%
0.33%
1.14%
2.62%
2.82%
0.81%
0.36%
0.52%
1.81%
-0.27%
1.14%
1.69%
-0.74%
-0.60%
-0.86%
1.93%
-3.45%
2.10%
2.50%
2.13%
0.66%

-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%
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%

-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%
-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%

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%
-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%

2.82%
-0.64%
-0.40%
-5.37%
0.45%
0.58%
-5.70%
-9.23%
-3.92%
1.89%
0.52%
-8.34%
1.13%
-3.68%
6.40%
-2.54%
-6.05%
3.83%
0.13%
11.82%
-6.10%
0.37%
-1.38%
0.64%
-0.80%
5.06%
-1.87%
-1.97%
1.40%
-2.30%
1.37%
-6.51%
0.45%
-1.45%
4.11%
-1.93%
-3.92%
3.95%
-0.45%
0.25%
-2.23%
7.97%
-4.54%
-3.81%
-1.13%
-2.49%
-1.86%
12.28%
-0.04%
10.04%
9.31%
-8.31%
1.75%

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
May-11
Jun-11
Jul-11

1.24%
2.05%
2.53%
-0.51%
0.93%
0.93%
1.93%
0.90%
3.63%
-0.24%
0.58%
0.53%
1.93%
0.07%
0.10%
0.44%
1.74%
0.57%
1.68%
1.79%
0.73%
0.59%
-1.10%
1.47%
0.94%
0.26%
0.27%
0.45%
1.00%

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%
-2.29%
-3.43%
-5.74%

-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%
0.42%
-1.19%
-0.31%

-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%
-0.88%
2.16%
9.32%

1.89%
-6.36%
-3.23%
-1.77%
-2.50%
1.11%
-3.70%
-1.18%
2.17%
-4.53%
3.82%
-5.24%
-2.40%
-4.31%
-2.93%
-1.44%
4.08%
-2.97%
3.79%
2.43%
-5.50%
-0.38%
2.84%
0.02%
0.02%
0.85%
-2.60%
-0.29%
-1.21%

rfico Alocao de Ativos

Ibov 14.73%
Ouro 12.22%
CDI 73.05%

al Esperado da Carteira

Esperado da Carteira

e Retorno x Risco. 100% signigica que Retorno = Risco

erado em um cenrio muito raro

xcesso da Carteira em relao a taxa livre de risco (CDI)

Risco ganha somente pela diversificao

73.05%
CDI
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%
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%
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%
0.99%
0.95%
0.97%

2006

Otimizao de Carteiras
Ativos
Poupana
CDI
IRF-M
IMA-B
IMA-C
DLAR
EURO
OURO
IBOV
SMLL
PETR4
VALE5

Alocao
0.00%
0.00%
0.00%
0.00%
69.01%
0.00%
0.00%
12.17%
0.00%
0.00%
0.00%
18.82%

Carteira

0.00%

20.00%

40.00%

60.00%

80.00%

100%

Estatsticas
Tipo
Retorno
Risco
Retorno / Risco
Stress Test
Sharpe
Potencial de Diversificao

Valor
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Retorno Anual Esperado da Carteira

Risco Anual Esperado da Carteira

Relao entre Retorno x Risco. 100% signig

Retorno Esperado em um cenrio muito rar

Ganho em Excesso da Carteira em relao a

Reduo do Risco ganha somente pela dive

Altere apenas as clulas com fundo roxo

Dados
Ms
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06

Carteira
5.33%
1.72%
1.25%
0.89%
0.03%
-1.31%
0.71%
-0.92%
0.45%

0.00%
Poupana
0.73%
0.57%
0.71%
0.59%
0.69%
0.69%
0.68%
0.74%
0.65%

0.00%
CDI
1.43%
1.14%
1.42%
1.08%
1.28%
1.18%
1.17%
1.25%
1.05%

0.00%
IRF-M
1.80%
1.63%
1.38%
1.08%
0.36%
1.81%
1.55%
1.71%
1.33%

0.00%
IMA-B
2.69%
5.30%
-0.38%
0.46%
-3.38%
1.78%
3.41%
2.22%
0.58%

Oct-06
Nov-06
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

5.07%
4.91%
2.43%
3.75%
1.75%
2.34%
6.01%
3.81%
0.14%
1.62%
-0.02%
7.56%
2.88%
0.12%
0.27%
-0.41%
3.12%
0.66%
0.95%
1.77%
-0.50%
-1.13%
-2.53%
-0.02%
-3.70%
1.88%
1.30%
4.09%
0.15%
-0.78%
2.41%
1.85%
-0.53%
1.25%
1.58%
4.85%
3.09%
3.59%
-2.87%
1.80%
2.44%
4.33%
0.03%
0.31%
-1.01%
2.23%
0.99%
4.74%
3.30%
2.38%
0.59%
0.66%
1.22%

0.69%
0.63%
0.65%
0.72%
0.57%
0.69%
0.63%
0.67%
0.60%
0.65%
0.65%
0.54%
0.61%
0.56%
0.56%
0.60%
0.52%
0.54%
0.60%
0.57%
0.62%
0.69%
0.66%
0.70%
0.75%
0.66%
0.72%
0.68%
0.55%
0.64%
0.55%
0.55%
0.57%
0.61%
0.52%
0.50%
0.50%
0.50%
0.55%
0.50%
0.50%
0.58%
0.50%
0.55%
0.56%
0.62%
0.59%
0.57%
0.55%
0.53%
0.64%
0.57%
0.55%

1.09%
1.02%
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%

1.55%
1.24%
1.49%
1.04%
1.13%
1.39%
1.78%
1.45%
0.55%
0.46%
0.06%
1.40%
0.58%
0.14%
0.29%
1.10%
1.31%
-0.04%
0.52%
0.67%
-0.20%
2.10%
1.35%
0.89%
-1.81%
2.59%
4.75%
1.92%
1.31%
1.82%
0.27%
1.79%
0.36%
0.97%
0.80%
0.50%
0.53%
0.69%
0.87%
1.10%
0.90%
1.20%
0.20%
1.16%
0.94%
1.63%
1.39%
0.48%
0.99%
0.12%
1.16%
-0.08%
1.27%

2.76%
2.06%
2.90%
1.47%
1.38%
2.17%
4.33%
2.60%
0.47%
-0.95%
-0.57%
2.47%
-0.25%
-0.48%
0.71%
1.38%
2.16%
-2.00%
2.57%
1.23%
0.18%
0.86%
0.56%
-1.67%
-3.83%
3.36%
6.08%
4.31%
1.36%
1.62%
-0.20%
4.51%
0.47%
1.27%
1.69%
0.89%
-1.12%
1.04%
1.78%
1.18%
1.75%
1.97%
0.68%
-0.34%
1.27%
1.58%
2.00%
0.52%
1.99%
0.87%
2.39%
-0.31%
0.64%

Mar-11
Apr-11
May-11
Jun-11
Jul-11

0.02%
0.21%
0.09%
0.34%
1.03%

0.62%
0.54%
0.54%
0.66%
0.62%

0.92%
0.84%
0.99%
0.95%
0.97%

0.82%
1.07%
1.27%
0.80%
0.72%

1.56%
0.55%
1.49%
-0.30%
0.67%

Retorno
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Risco
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

#REF!

#REF!
#REF!

Esperado da Carteira

sperado da Carteira
Retorno x Risco. 100% signigica que Retorno = Risco

ado em um cenrio muito raro

cesso da Carteira em relao a taxa livre de risco (CDI)

isco ganha somente pela diversificao

69.01%
IMA-C
2.15%
5.30%
0.33%
-0.37%
-0.89%
0.42%
0.89%
1.18%
1.20%

0.00%
DLAR
-5.33%
-3.63%
1.73%
-3.83%
10.11%
-5.92%
0.55%
-1.72%
1.66%

0.00%
EURO
-2.54%
-6.05%
3.83%
0.13%
11.82%
-6.10%
0.37%
-1.38%
0.64%

12.17%
OURO
5.70%
-4.17%
3.07%
9.18%
12.73%
-13.31%
3.49%
-1.80%
-5.03%

0.00%
IBOV
14.73%
0.59%
-1.71%
6.36%
-9.50%
0.27%
1.22%
-2.28%
0.60%

0.00%
SMLL
14.25%
2.05%
-0.16%
1.01%
-7.90%
1.10%
-0.32%
3.22%
2.93%

0.00%
PETR4
28.05%
-4.79%
-3.60%
8.71%
-4.82%
-1.86%
3.98%
-4.23%
-5.60%

2.70%
3.21%
2.31%
1.90%
1.18%
2.81%
5.23%
5.27%
1.16%
0.28%
-1.15%
2.50%
1.27%
0.38%
1.79%
1.38%
1.08%
0.88%
1.34%
2.13%
2.46%
2.47%
-0.81%
-0.21%
1.05%
1.33%
0.70%
0.24%
0.72%
-0.29%
0.37%
0.69%
2.29%
0.34%
1.94%
3.78%
1.43%
0.53%
-2.45%
1.50%
2.26%
2.39%
1.44%
1.82%
1.19%
0.49%
1.59%
2.99%
2.24%
2.21%
1.20%
1.21%
1.54%

-1.44%
1.11%
-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%

-0.80%
5.06%
-1.87%
-1.97%
1.40%
-2.30%
1.37%
-6.51%
0.45%
-1.45%
4.11%
-1.93%
-3.92%
3.95%
-0.45%
0.25%
-2.23%
7.97%
-4.54%
-3.81%
-1.13%
-2.49%
-1.86%
12.28%
-0.04%
10.04%
9.31%
-8.31%
1.75%
1.89%
-6.36%
-3.23%
-1.77%
-2.50%
1.11%
-3.70%
-1.18%
2.17%
-4.53%
3.82%
-5.24%
-2.40%
-4.31%
-2.93%
-1.44%
4.08%
-2.97%
3.79%
2.43%
-5.50%
-0.38%
2.84%
0.02%

1.69%
7.23%
-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%

7.72%
6.80%
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%

7.17%
10.01%
7.63%
-2.67%
0.63%
3.68%
7.40%
9.54%
2.76%
0.60%
-2.89%
4.13%
4.38%
-6.10%
-1.33%
-11.14%
7.70%
-10.44%
10.69%
10.31%
-9.50%
-2.70%
-10.49%
-23.23%
-26.93%
-2.51%
3.85%
0.03%
-4.98%
2.65%
32.46%
12.23%
0.60%
15.93%
7.98%
7.37%
2.62%
12.59%
4.82%
-3.67%
3.15%
-1.36%
-0.48%
-3.54%
3.02%
11.83%
0.35%
5.13%
6.35%
-0.99%
1.91%
-8.31%
0.70%

5.94%
9.12%
8.66%
-5.00%
-8.51%
7.60%
-1.24%
1.64%
12.41%
2.07%
0.10%
13.41%
21.66%
-0.17%
22.95%
-8.71%
1.31%
-9.16%
14.37%
16.11%
-5.69%
-22.31%
-2.79%
0.57%
-33.59%
-13.94%
18.00%
9.59%
5.47%
8.14%
4.69%
16.62%
-5.81%
-2.07%
-0.29%
11.54%
0.69%
10.73%
-4.92%
-6.87%
1.29%
2.25%
-7.32%
-9.10%
-9.26%
3.69%
-5.75%
4.72%
-5.28%
-4.36%
11.85%
-0.73%
5.50%

1.25%
0.82%
1.02%
0.23%
0.43%

-1.96%
-3.40%
0.42%
-1.19%
-0.31%

0.02%
0.85%
-2.60%
-0.29%
-1.21%

0.00%
1.40%
-0.88%
2.16%
9.32%

1.79%
-3.58%
-2.29%
-3.43%
-5.74%

6.27%
0.04%
-0.14%
-2.69%
-6.41%

-0.24%
-9.74%
-5.90%
-1.54%
-0.94%

18.82%
VALE5
16.78%
-7.57%
3.44%
0.18%
-4.78%
0.09%
-1.77%
-8.04%
1.26%

15.95%
9.62%
6.96%
10.91%
4.10%
3.11%
10.23%
4.45%
-1.28%
9.26%
2.53%
28.57%
5.49%
-4.57%
-2.68%
-11.78%
11.37%
1.87%
6.43%
1.44%
-12.25%
-14.36%
-6.98%
-13.92%
-20.05%
-3.50%
-2.53%
17.25%
-4.21%
-0.30%
15.94%
6.63%
-8.15%
8.54%
1.54%
11.25%
9.11%
7.40%
-0.40%
-0.14%
5.48%
11.47%
-6.09%
-7.84%
-11.59%
12.56%
-2.91%
13.76%
4.34%
0.52%
1.04%
5.13%
-2.73%

-4.46%
-2.79%
-2.67%
-0.45%
-2.13%

2008

Otimizao de Carteiras
Ativos
Poupana
CDI
IRF-M
IMA-B
IMA-C
DLAR
EURO
OURO
IBOV
SMLL
PETR4
VALE5
FFCI11
HTMX11B
FLMA11
NSLU11B
EURO11

Alocao
0.00%
48.17%
11.88%
2.83%
25.62%
0.00%
0.00%
0.51%
0.00%
0.00%
0.00%
0.00%
2.96%
8.03%
0.00%
0.00%
0.00%

Carteira

0.00%

20.00%

40.00%

60.00%

100%

Estatsticas
Tipo
Retorno
Risco
Retorno / Risco
Stress Test
Sharpe
Potencial de Diversificao

#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Retorno Anual Esperado da Carteira

Risco Anual Esperado da Carteira

Relao entre Retorno x Risco. 100% sign

Retorno Esperado em um cenrio muito ra

Ganho em Excesso da Carteira em relao

Reduo do Risco ganha somente pela div

Altere apenas as clulas com fundo roxo

Dados
Ms
Jan-08
Feb-08
Mar-08
Apr-08
May-08

Carteira
1.27%
0.88%
1.25%
0.46%
1.58%

0.00%
Poupana
0.60%
0.52%
0.54%
0.60%
0.57%

48.17%
CDI
0.92%
0.79%
0.84%
0.90%
0.87%

11.88%
IRF-M
1.10%
1.31%
-0.04%
0.52%
0.67%

2.83%
IMA-B
1.38%
2.16%
-2.00%
2.57%
1.23%

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
May-11
Jun-11
Jul-11

0.83%
1.56%
0.41%
0.67%
0.61%
0.98%
1.62%
1.14%
1.36%
0.38%
0.67%
1.60%
1.65%
1.32%
2.02%
1.53%
0.81%
0.75%
-0.07%
1.00%
1.03%
1.27%
0.69%
1.25%
1.30%
1.47%
2.05%
0.93%
1.19%
2.13%
1.81%
1.07%
0.91%
1.02%
1.19%
1.30%
1.28%
1.67%

0.62%
0.69%
0.66%
0.70%
0.75%
0.66%
0.72%
0.68%
0.55%
0.64%
0.55%
0.55%
0.57%
0.61%
0.52%
0.50%
0.50%
0.50%
0.55%
0.50%
0.50%
0.58%
0.50%
0.55%
0.56%
0.62%
0.59%
0.57%
0.55%
0.53%
0.64%
0.57%
0.55%
0.62%
0.54%
0.54%
0.66%
0.62%

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%
0.99%
0.95%
0.97%

-0.20%
2.10%
1.35%
0.89%
-1.81%
2.59%
4.75%
1.92%
1.31%
1.82%
0.27%
1.79%
0.36%
0.97%
0.80%
0.50%
0.53%
0.69%
0.87%
1.10%
0.90%
1.20%
0.20%
1.16%
0.94%
1.63%
1.39%
0.48%
0.99%
0.12%
1.16%
-0.08%
1.27%
0.82%
1.07%
1.27%
0.80%
0.72%

0.18%
0.86%
0.56%
-1.67%
-3.83%
3.36%
6.08%
4.31%
1.36%
1.62%
-0.20%
4.51%
0.47%
1.27%
1.69%
0.89%
-1.12%
1.04%
1.78%
1.18%
1.75%
1.97%
0.68%
-0.34%
1.27%
1.58%
2.00%
0.52%
1.99%
0.87%
2.39%
-0.31%
0.64%
1.56%
0.55%
1.49%
-0.30%
0.67%

Retorno
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

Risco
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!

#REF!

#REF!
#REF!

Anual Esperado da Carteira

ual Esperado da Carteira

entre Retorno x Risco. 100% signigica que Retorno = Risco

Esperado em um cenrio muito raro

m Excesso da Carteira em relao a taxa livre de risco (CDI)

do Risco ganha somente pela diversificao

25.62%
IMA-C
1.38%
1.08%
0.88%
1.34%
2.13%

0.00%
DLAR
-0.62%
-4.37%
3.91%
-3.54%
-3.43%

0.00%
EURO
0.25%
-2.23%
7.97%
-4.54%
-3.81%

0.51%
OURO
7.02%
1.93%
-2.46%
-9.71%
0.22%

0.00%
IBOV
-6.88%
6.72%
-3.97%
11.32%
6.96%

0.00%
SMLL
-11.14%
7.70%
-10.44%
10.69%
10.31%

0.00%
PETR4
-8.71%
1.31%
-9.16%
14.37%
16.11%

0.00%
VALE5
-11.78%
11.37%
1.87%
6.43%
1.44%

2.46%
2.47%
-0.81%
-0.21%
1.05%
1.33%
0.70%
0.24%
0.72%
-0.29%
0.37%
0.69%
2.29%
0.34%
1.94%
3.78%
1.43%
0.53%
-2.45%
1.50%
2.26%
2.39%
1.44%
1.82%
1.19%
0.49%
1.59%
2.99%
2.24%
2.21%
1.20%
1.21%
1.54%
1.25%
0.82%
1.02%
0.23%
0.43%

-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%
0.42%
-1.19%
-0.31%

-1.13%
-2.49%
-1.86%
12.28%
-0.04%
10.04%
9.31%
-8.31%
1.75%
1.89%
-6.36%
-3.23%
-1.77%
-2.50%
1.11%
-3.70%
-1.18%
2.17%
-4.53%
3.82%
-5.24%
-2.40%
-4.31%
-2.93%
-1.44%
4.08%
-2.97%
3.79%
2.43%
-5.50%
-0.38%
2.84%
0.02%
0.02%
0.85%
-2.60%
-0.29%
-1.21%

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%
-0.88%
2.16%
9.32%

-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%
-2.29%
-3.43%
-5.74%

-9.50%
-2.70%
-10.49%
-23.23%
-26.93%
-2.51%
3.85%
0.03%
-4.98%
2.65%
32.46%
12.23%
0.60%
15.93%
7.98%
7.37%
2.62%
12.59%
4.82%
-3.67%
3.15%
-1.36%
-0.48%
-3.54%
3.02%
11.83%
0.35%
5.13%
6.35%
-0.99%
1.91%
-8.31%
0.70%
6.27%
0.04%
-0.14%
-2.69%
-6.41%

-5.69%
-22.31%
-2.79%
0.57%
-33.59%
-13.94%
18.00%
9.59%
5.47%
8.14%
4.69%
16.62%
-5.81%
-2.07%
-0.29%
11.54%
0.69%
10.73%
-4.92%
-6.87%
1.29%
2.25%
-7.32%
-9.10%
-9.26%
3.69%
-5.75%
4.72%
-5.28%
-4.36%
11.85%
-0.73%
5.50%
-0.24%
-9.74%
-5.90%
-1.54%
-0.94%

-12.25%
-14.36%
-6.98%
-13.92%
-20.05%
-3.50%
-2.53%
17.25%
-4.21%
-0.30%
15.94%
6.63%
-8.15%
8.54%
1.54%
11.25%
9.11%
7.40%
-0.40%
-0.14%
5.48%
11.47%
-6.09%
-7.84%
-11.59%
12.56%
-2.91%
13.76%
4.34%
0.52%
1.04%
5.13%
-2.73%
-4.46%
-2.79%
-2.67%
-0.45%
-2.13%

2.96%
8.03%
FFCI11 HTMX11B
8.90%
0.00%
-3.92%
1.41%
22.07%
0.54%
-15.12%
0.61%
14.70%
0.81%

0.00%
0.00%
FLMA11
NSLU11B
6.13%
3.00%
19.39%
7.76%
-14.07%
-0.73%
-2.89%
-0.80%
9.93%
4.77%

0.00%
EURO11
0.25%
-1.06%
0.13%
0.83%
0.90%

-10.56%
2.79%
-3.03%
0.85%
1.98%
-0.96%
1.04%
4.07%
18.66%
-4.14%
6.16%
4.19%
8.09%
7.54%
-0.68%
0.74%
0.00%
1.48%
-0.67%
1.49%
-0.68%
0.77%
1.50%
-1.41%
0.78%
3.00%
-0.68%
0.04%
1.52%
5.92%
7.04%
3.33%
1.42%
10.33%
5.27%
0.62%
-6.05%
0.68%

0.80%
0.77%
0.89%
-0.02%
0.89%
-3.45%
1.06%
1.00%
-0.01%
-1.66%
0.00%
7.24%
5.39%
6.26%
13.34%
1.51%
0.85%
0.80%
1.56%
0.75%
0.47%
0.63%
-1.10%
3.92%
5.39%
7.77%
12.36%
-3.97%
-0.40%
11.57%
8.19%
3.94%
-1.57%
-2.41%
3.34%
4.51%
10.54%
11.42%

2.10%
7.84%
-5.63%
-2.66%
0.83%
2.21%
1.05%
2.24%
-1.51%
-2.91%
5.88%
4.56%
-0.26%
11.62%
18.69%
12.20%
-6.40%
-1.06%
0.70%
4.21%
-4.58%
-4.83%
10.98%
-1.85%
-7.20%
10.32%
2.52%
3.30%
1.62%
13.21%
25.71%
-6.38%
1.84%
0.50%
0.03%
1.31%
0.68%
-2.41%

2.12%
3.40%
-0.37%
-8.49%
2.35%
2.94%
-0.99%
1.61%
6.40%
0.98%
6.63%
9.36%
4.72%
2.45%
5.57%
16.46%
-12.21%
-7.49%
-1.77%
8.60%
1.61%
3.16%
-0.72%
1.87%
1.31%
1.80%
1.78%
-0.18%
1.46%
0.51%
2.25%
2.73%
1.00%
2.42%
-0.19%
2.54%
-0.98%
1.27%

-0.46%
-0.13%
-2.09%
-1.78%
-5.65%
1.75%
5.06%
5.22%
8.40%
-1.35%
5.77%
2.66%
1.43%
4.19%
2.77%
9.35%
-0.07%
-10.41%
4.87%
2.20%
1.23%
1.27%
1.32%
1.04%
1.87%
5.14%
-0.07%
2.04%
1.24%
6.43%
-0.51%
1.33%
-2.45%
4.68%
-2.97%
-3.39%
-1.93%
3.46%