Qualitative Assessment Of Stock Prices Listed On The São Paulo Stock Exchange: An Approach From The Perspective Of Homogeneity Analysis

The stock market suffers uncertain relations throughout the entire negotiation process, with different variables exerting direct and indirect influence on stock prices. This study focuses on the analysis of certain aspects that may influence these values offered by the capital market, based on the B...

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Bibliographic Details
Published in:Academia (Consejo Latinoamericano de Escuelas de Administración) 2009-01 (42), p.20
Main Authors: Confortini, Débora, Luiz Paulo Lopez Fávero
Format: Article
Language:por
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Summary:The stock market suffers uncertain relations throughout the entire negotiation process, with different variables exerting direct and indirect influence on stock prices. This study focuses on the analysis of certain aspects that may influence these values offered by the capital market, based on the Brazil Index of the São Paulo Stock Exchange (Bovespa), which selects 100 stocks among the most traded on Bovespa in terms of number of trades and financial volume. The selected variables are characterized by the companies' activity area and the business volume in the month of data collection, i.e. April/2007. This article proposes an analysis that joins the accounting view of the stock price variables that can be influenced with the use of multivariate qualitative data analysis. Data were explored through Correspondence Analysis (Anacor) and Homogeneity Analysis (Homals). According to the research, the selected variables are associated with the values presented by the stocks, which become an internal control instrument and a decision-making tool when it comes to choosing investments.
ISSN:1012-8255
2056-5127