triade do dinheiro - hedge

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Triade Do Dinheiro - Hedge

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Mês DÓLAR EURO OURO IBOV 50% | 50% Ano DÓLARFeb-99 4.11% -6.10% 1.07% 9.04% 6.58% 1999 -9.76%Mar-99 -16.60% -18.68% -16.40% 20.04% 1.72% 2000 9.30%Apr-99 -3.56% -4.05% -0.95% 6.11% 1.28% 2001 18.66%May-99 3.81% 2.64% -2.88% -2.30% 0.76% 2002 52.25%Jun-99 2.64% -0.53% -0.66% 4.84% 3.74% 2003 -20.56%Jul-99 1.11% 2.57% 0.00% -10.19% -4.54% 2004 -8.12%Aug-99 7.08% 9.00% 4.30% 1.18% 4.13% 2005 -11.83%Sep-99 0.33% -0.01% 19.37% 5.13% 2.73% 2006 -8.66%Oct-99 1.60% 2.57% -0.53% 5.35% 3.48% 2007 -17.14%Nov-99 -1.51% -4.92% -1.87% 17.77% 8.13% 2008 31.96%Dec-99 -6.95% -7.94% -8.45% 24.05% 8.55% 2009 -25.48%Jan-00 0.75% -3.02% -9.54% -4.11% -1.68% 2010 -4.32%Feb-00 -1.88% -2.48% 10.94% 7.81% 2.97% 2011 13.25%Mar-00 -1.20% -2.07% -5.40% 0.91% -0.15% 2012 7.83%Apr-00 3.40% -1.35% 5.33% -12.81% -4.70%May-00 1.10% 3.93% 0.53% -3.74% -1.32% Stats DÓLARJun-00 -1.46% 0.19% 4.21% 11.84% 5.19% Correl Ibov -62.44%Jul-00 -1.40% -4.18% -1.59% -1.63% -1.52% Retorno Total -0.29%Aug-00 2.74% -1.50% 1.04% 5.42% 4.08% Retorno Anual -0.02%Sep-00 1.11% 0.57% 0.00% -8.17% -3.53% Risco Anual 19.19%Oct-00 3.54% -0.51% -0.86% -6.66% -1.56%Nov-00 2.65% 5.53% 2.48% -10.63% -3.99%Dec-00 -0.21% 7.51% 1.15% 14.84% 7.32%Jan-01 0.80% 0.11% -3.33% 15.81% 8.31%Feb-01 3.76% 2.59% 3.45% -10.08% -3.16%Mar-01 5.69% 0.54% 0.56% -9.14% -1.72%Apr-01 1.07% 2.10% 6.08% 3.32% 2.20%May-01 8.02% 3.07% 9.90% -1.80% 3.11%Jun-01 -2.33% -1.88% -0.47% -0.61% -1.47%Jul-01 5.48% 8.62% 0.00% -5.53% -0.03%Aug-01 4.95% 9.27% 4.05% -6.65% -0.85%Sep-01 4.69% 4.51% 14.87% -17.17% -6.24%Oct-01 1.34% 0.24% -5.58% 6.85% 4.10%Nov-01 -6.59% -7.01% -7.17% 13.79% 3.60%Dec-01 -8.24% -9.12% -2.27% 4.47% -1.89%Jan-02 4.22% 0.92% 3.64% -5.83% -0.80%Feb-02 -2.90% -1.84% -0.22% 10.31% 3.71%Mar-02 -1.05% -0.89% 0.70% -5.55% -3.30%Apr-02 1.67% 5.10% 3.45% -1.28% 0.19%May-02 6.75% 10.82% 12.24% -1.71% 2.52%Jun-02 12.78% 19.69% 9.02% -13.39% -0.30%Jul-02 20.54% 18.88% 20.34% -12.36% 4.09%Aug-02 -11.85% -11.44% -11.17% 6.35% -2.75%Sep-02 28.87% 29.59% 20.97% -16.95% 5.96%Oct-02 -6.42% -6.21% -1.87% 17.92% 5.75%Nov-02 -0.23% 0.21% 2.22% 3.35% 1.56%Dec-02 -2.84% 2.19% 5.42% 7.23% 2.20%

Jan-03 -3.04% 2.61% 4.63% -2.90% -2.97%Feb-03 1.06% 1.47% -2.83% -6.04% -2.49%Mar-03 -5.90% -4.86% -8.85% 9.66% 1.88%Apr-03 -13.82% -11.79% -12.34% 11.38% -1.22%May-03 2.62% 8.17% 10.76% 6.89% 4.76%Jun-03 -3.16% -5.36% -7.43% -3.35% -3.26%Jul-03 3.26% 0.80% 3.55% 4.62% 3.94%Aug-03 0.03% -2.30% 6.41% 11.81% 5.92%Sep-03 -1.45% 4.67% 0.42% 5.51% 2.03%Oct-03 -2.30% -3.06% -0.73% 12.32% 5.01%Nov-03 3.26% 6.96% 5.37% 12.24% 7.75%Dec-03 -2.04% 3.14% 2.93% 10.17% 4.06%Jan-04 1.79% 0.48% -1.81% -1.73% 0.03%Feb-04 -0.92% -0.63% -2.37% -0.44% -0.68%Mar-04 -0.18% -1.70% 6.22% 1.78% 0.80%Apr-04 1.24% -1.44% -7.38% -11.45% -5.11%May-04 6.26% 8.20% 8.93% -0.32% 2.97%Jun-04 -0.69% -0.67% -2.90% 8.21% 3.76%Jul-04 -2.60% -4.09% -1.30% 5.62% 1.51%Aug-04 -3.07% -1.71% 1.05% 2.09% -0.49%Sep-04 -2.56% -0.57% 0.26% 1.94% -0.31%Oct-04 -0.07% 2.82% 1.56% -0.83% -0.45%Nov-04 -4.40% -0.64% 0.05% 9.01% 2.31%Dec-04 -2.79% -0.40% -4.14% 4.25% 0.73%Jan-05 -1.12% -5.37% -5.07% -7.05% -4.09%Feb-05 -1.14% 0.45% 2.53% 15.56% 7.21%Mar-05 2.74% 0.58% 1.10% -5.43% -1.35%Apr-05 -5.06% -5.70% -4.34% -6.64% -5.85%May-05 -5.04% -9.23% -7.65% 1.47% -1.79%Jun-05 -2.22% -3.92% 1.53% -0.62% -1.42%Jul-05 1.71% 1.89% 0.00% 3.96% 2.84%Aug-05 -1.12% 0.52% -0.30% 7.69% 3.28%Sep-05 -5.99% -8.34% 2.27% 12.62% 3.32%Oct-05 1.44% 1.13% -0.44% -4.40% -1.48%Nov-05 -2.10% -3.68% 4.76% 5.71% 1.80%Dec-05 6.06% 6.40% 9.66% 4.82% 5.44%Jan-06 -5.33% -2.54% 5.70% 14.73% 4.70%Feb-06 -3.63% -6.05% -4.17% 0.59% -1.52%Mar-06 1.73% 3.83% 3.07% -1.71% 0.01%Apr-06 -3.83% 0.13% 9.18% 6.36% 1.27%May-06 10.11% 11.82% 12.73% -9.50% 0.30%Jun-06 -5.92% -6.10% -13.31% 0.27% -2.83%Jul-06 0.55% 0.37% 3.49% 1.22% 0.89%Aug-06 -1.72% -1.38% -1.80% -2.28% -2.00%Sep-06 1.66% 0.64% -5.03% 0.60% 1.13%Oct-06 -1.44% -0.80% 1.69% 7.72% 3.14%Nov-06 1.11% 5.06% 7.23% 6.80% 3.96%Dec-06 -1.33% -1.87% -3.87% 6.06% 2.37%

Jan-07 -0.62% -1.97% 3.22% 0.38% -0.12%Feb-07 -0.70% 1.40% 1.34% -1.68% -1.19%Mar-07 -2.82% -2.30% -1.54% 4.36% 0.77%Apr-07 -0.80% 1.37% 3.91% 6.88% 3.04%May-07 -5.16% -6.51% -5.48% 6.77% 0.80%Jun-07 -0.14% 0.45% -3.41% 4.06% 1.96%Jul-07 -2.52% -1.45% -2.59% -0.39% -1.46%Aug-07 4.50% 4.11% 2.42% 0.84% 2.67%Sep-07 -6.27% -1.93% 3.77% 10.67% 2.20%Oct-07 -5.16% -3.92% 7.95% 8.02% 1.43%Nov-07 2.28% 3.95% 5.89% -3.54% -0.63%Dec-07 -0.70% -0.45% -3.78% 1.40% 0.35%Jan-08 -0.62% 0.25% 7.02% -6.88% -3.75%Feb-08 -4.37% -2.23% 1.93% 6.72% 1.17%Mar-08 3.91% 7.97% -2.46% -3.97% -0.03%Apr-08 -3.54% -4.54% -9.71% 11.32% 3.89%May-08 -3.43% -3.81% 0.22% 6.96% 1.77%Jun-08 -2.30% -1.13% 0.86% -10.44% -6.37%Jul-08 -1.59% -2.49% -1.06% -8.48% -5.04%Aug-08 4.33% -1.86% -5.38% -6.43% -1.05%Sep-08 17.13% 12.28% 22.50% -11.03% 3.05%Oct-08 10.50% -0.04% -5.38% -24.80% -7.15%Nov-08 10.30% 10.04% 13.33% -1.77% 4.27%Dec-08 0.17% 9.31% 10.64% 2.61% 1.39%Jan-09 -0.89% -8.31% 5.55% 4.66% 1.89%Feb-09 2.69% 1.75% 3.70% -2.84% -0.08%Mar-09 -2.66% 1.89% -4.29% 7.18% 2.26%Apr-09 -5.91% -6.36% -6.94% 15.55% 4.82%May-09 -9.42% -3.23% 1.04% 12.49% 1.53%Jun-09 -1.08% -1.77% -4.76% -3.25% -2.17%Jul-09 -4.05% -2.50% -4.83% 6.41% 1.18%Aug-09 0.74% 1.11% -0.35% 3.15% 1.95%Sep-09 -5.74% -3.70% 0.97% 8.90% 1.58%Oct-09 -1.92% -1.18% 3.22% 0.04% -0.94%Nov-09 0.37% 2.17% 15.03% 8.93% 4.65%Dec-09 -0.53% -4.53% -9.10% 2.30% 0.89%Jan-10 7.67% 3.82% 6.45% -4.65% 1.51%Feb-10 -3.40% -5.24% -1.20% 1.68% -0.86%Mar-10 -1.66% -2.40% 4.28% 5.82% 2.08%Apr-10 -2.83% -4.31% 1.47% -4.04% -3.44%May-10 4.98% -2.93% 4.35% -6.64% -0.83%Jun-10 -0.84% -1.44% 2.92% -3.34% -2.09%Jul-10 -2.46% 4.08% -3.91% 10.80% 4.17%Aug-10 -0.07% -2.97% 3.58% -3.51% -1.79%Sep-10 -3.52% 3.79% 0.75% 6.58% 1.53%Oct-10 0.42% 2.43% 7.67% 1.79% 1.11%Nov-10 0.86% -5.50% 6.25% -4.20% -1.67%Dec-10 -2.91% -0.38% -3.53% 2.36% -0.28%

Jan-11 0.72% 2.84% -9.39% -3.94% -1.61%Feb-11 -0.73% 0.02% 5.52% 1.22% 0.25%Mar-11 -1.96% 0.02% 0.00% 1.79% -0.09%Apr-11 -3.40% 0.85% 1.40% -3.58% -3.49%May-11 0.42% -2.60% -0.88% -2.29% -0.94%Jun-11 -1.19% -0.29% 2.16% -3.43% -2.31%Jul-11 -0.31% -1.21% 9.32% -5.74% -3.03%Aug-11 2.32% 2.10% 7.93% -3.96% -0.82%Sep-11 16.83% 9.08% 3.07% -7.38% 4.73%Oct-11 -8.95% -5.32% -4.49% 11.49% 1.27%Nov-11 7.25% 3.41% 8.77% -2.51% 2.37%Dec-11 3.58% -0.30% -6.59% -0.21% 1.69%Jan-12 -7.28% -6.11% 0.08% 11.13% 1.92%Feb-12 -1.72% 0.05% 0.42% 4.34% 1.31%Mar-12 6.61% 6.27% 0.00% -1.98% 2.32%Apr-12 3.83% 2.98% 3.97% -4.17% -0.17%May-12 6.90% -0.09% 0.20% -11.86% -2.48%

EURO OURO IBOV 50% | 50%-24.92% -10.16% 109.17% 42.33%

1.93% 7.05% -10.67% 0.29%12.03% 19.47% -11.47% 5.24%79.35% 80.26% -16.59% 19.93%-1.39% -0.77% 97.34% 27.63%-0.84% -2.84% 17.82% 4.89%

-23.50% 2.93% 27.73% 7.32%1.83% 12.70% 32.92% 11.69%

-7.51% 11.26% 43.65% 10.15%24.12% 32.13% -41.23% -8.40%

-22.57% -3.04% 82.64% 18.79%-11.15% 32.27% 1.05% -0.81%

8.22% 15.86% -18.11% -2.27%2.71% 4.70% -4.00% 2.86%

EURO OURO IBOV 50% | 50%-44.16% -26.12% - 72.05%

2.82% 429.60% 567.10% 245.47%0.21% 13.32% 15.30% 9.74%

19.73% 22.13% 27.56% 10.81%Volatilidade Média 23.38%

Redução Risco 53.76%

99 00 01 02 03 04 05 06 07 08 09 10 11 12

-40%

0%

40%

80%

DÓLAR

99 00 01 02 03 04 05 06 07 08 09 10 11 12

-40%

0%

40%

80%

EURO

99 00 01 02 03 04 05 06 07 08 09 10 11 12

-40%

0%

40%

80%

OURO

99 00 01 02 03 04 05 06 07 08 09 10 11 12-50%

-10%

30%

70%

110%

150%

IBOV

99 00 01 02 03 04 05 06 07 08 09 10 11 12

-40%

0%

40%

80%

DÓLAR

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-70% -20% 30% 80% 130% 180%

-9.76%

9.30%

18.66%

52.25%

-20.56%

-8.12%

-11.83%

-8.66%

-17.14%

31.96%

-25.48%

-4.32%

13.25%

7.83%

109.17%

-10.67%

-11.47%

-16.59%

97.34%

17.82%

27.73%

32.92%

43.65%

-41.23%

82.64%

1.05%

-18.11%

-4.00%

Retorno Anual Dólar x IbovIBOV DÓLAR

99 00 01 02 03 04 05 06 07 08 09 10 11 12

-40%

0%

40%

80%

EURO

99 00 01 02 03 04 05 06 07 08 09 10 11 12

-40%

0%

40%

80%

OURO

99 00 01 02 03 04 05 06 07 08 09 10 11 12-50%

-10%

30%

70%

110%

150%

IBOV

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-20% -10% 0% 10% 20% 30% 40% 50%

42.33%

0.29%

5.24%

19.93%

27.63%

4.89%

7.32%

11.69%

10.15%

-8.40%

18.79%

-0.81%

-2.27%

2.86%

Retorno Anual 50% Dólar e 50% Ibov

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-20% -10% 0% 10% 20% 30% 40% 50%

42.33%

0.29%

5.24%

19.93%

27.63%

4.89%

7.32%

11.69%

10.15%

-8.40%

18.79%

-0.81%

-2.27%

2.86%

Retorno Anual 50% Dólar e 50% Ibov

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-70% -20% 30% 80% 130% 180%

-9.76%

9.30%

18.66%

52.25%

-20.56%

-8.12%

-11.83%

-8.66%

-17.14%

31.96%

-25.48%

-4.32%

13.25%

7.83%

109.17%

-10.67%

-11.47%

-16.59%

97.34%

17.82%

27.73%

32.92%

43.65%

-41.23%

82.64%

1.05%

-18.11%

-4.00%

Retorno Anual Dólar x IbovIBOV DÓLAR

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-20% -10% 0% 10% 20% 30% 40% 50%

42.33%

0.29%

5.24%

19.93%

27.63%

4.89%

7.32%

11.69%

10.15%

-8.40%

18.79%

-0.81%

-2.27%

2.86%

Retorno Anual 50% Dólar e 50% Ibov

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-20% -10% 0% 10% 20% 30% 40% 50%

42.33%

0.29%

5.24%

19.93%

27.63%

4.89%

7.32%

11.69%

10.15%

-8.40%

18.79%

-0.81%

-2.27%

2.86%

Retorno Anual 50% Dólar e 50% Ibov