Estratégias de investimento em ações baseadas em indicadores de análise fundamentalista

Abstract

The present study analyzes the best financial strategy and statistics to be adopted for the purchase of shares of Brazilian companies from the Stock Exchange of São Paulo, proposes an analysis the eight most negotiated companies belonging to the industrial sector index (INDX) in the period 2007 to 2011. This work consists in classifying statistically, according to a closing basis of historical values, firms with higher return and greater financial risk to then analyze by using multiple checks which show better financial results of estimation for the Brazilian market. Was used to define the risk of actions the VaR (Value at Risk) and the multiple financial fundamental analysis: current liquidity ratio, price / earnings ratio, EPS (earnings per share), net margin, ROA (Return on Assets), ROE (Return on Equity), debt and EV / EBITDA. We used concepts from Warren Buffett for the analysis of multiple financial, among the analyzed indicator ROE and net income gained prominence. It follows that if the investor to acquire companies that have above-average ROE of the market (over 30%) and net margin above 20% has high possibility that he was buying companies that provide financial returns above the market return. As an example I quote the company Souza Cruz (CRUZ3) and AmBev (AMBV4) who obtained a return of 156% and 148% respectively during five years analyzed returns much higher than the industrial sector index (INDX) who obtained 47% yield.