Relationship risk-return of native species sawn wood in the state of Pará, Brazil 2003-2007
Titel:
Relationship risk-return of native species sawn wood in the state of Pará, Brazil 2003-2007
Auteur:
Rommel Noce Márcio Lopes da Silva Lourival Marin Mendes Agostinho Lopes de Souza José Luiz Pereira de Rezende Rosa Maria Miranda Armond Carvalho Juliana Lorensi do Canto Juliana Mendes de Oliveira
Verschenen in:
Cerne
Paginering:
Jaargang 16 (2010) nr. 2 pagina's 199-207
Jaar:
2010
Inhoud:
This study characterized the risk-return relationship of sawn wood of different native forest species of the Amazonianarea. Specifically, it was determined the risk-return relationship of Ipê, Jatobá, Maçaranduba, Angelim Pedra, Angelim Vermelho andCumaru boards, in 2003-2007 period. The Geometric Growth Rate of prices of the m3 of boards of each species was admitted asreturn estimative and the variation coefficient as indicative of risk; the estimated values were plotted in dispersion graphics allowinggraphic analysis. It was noticed that their prices float, relatively, in the same way and that Jatobá stands out in attractiveness terms,considering the whole period while the other species presented a coherent relationship among themselves i.e., higher returnsassociated with high risks. Angelim Vermelho and Maçaranduba stood out for the attractiveness, in an annual perspective.