The effects of OF ETF creation on the price efficiency of underlying stocks

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics

Treasury stocks: Evidence from Portuguese listed companies in 2010

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics

The effects Ishares IBovespa index fund creation on the liquidity of underlying stocks

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics

Diversity of Trypanosoma cruzi stocks and clones derived from Chagas disease patients: I-Behavioral characterization in vitro

In this study, we isolated Trypanosoma cruzi from chronic Chagas heart disease and from megaesophagus patients. The parasite stock hSLU239 (heart disease) yielded clones h1 and h2, whereas stock mSLU142 (megaesophagus) yielded clones m1, m2, m3 and m4. The parasite growth kinetics, doubling time and differentiation in axenic liquid medium showed broad behavioral diversity. It was shown that a particular pattern of behavior for a parental stock could not necessarily be assigned for subsequent clones. This study indicates that i) each Chagas disease patient is infected with several T. cruzi populations; ii) clonal lines derived from patient samples may have different biological characteristics from the original isolate; and that iii) additional behavioral and/or molecular markers are required for further characterization of Trypanosoma cruzi stocks and clones derived from Chagas disease patients in order to identify correlations with pathology.

Modelo de gestão de stocks de peças de reposição da brisa inovação e tecnologia

A crescente consciencialização das organizações para os custos devido à conjuntura económica nacional e internacional induz o repensar do modo de gestão das operações de forma a torná-las mais eficientes. Um armazém pode representar uma percentagem elevada dos custos de uma organização, nomeadamente quando os níveis de stock não se encontram devidamente parametrizados, implicando custos de posse elevados. A implementação de modelos de gestão de stocks permite a determinação de parâmetros importantes como o ponto de encomenda, período de revisão ou quantidade económica, como a redução dos níveis de stock e, consequentemente, dos custos associados à sua manutenção, sem que se verifique uma redução do nível de serviço prestado aos clientes, nomeadamente, em relação à disponibilidade de artigos. O objectivo desta dissertação é desenvolver um modelo de gestão de stocks adequado à gestão das peças de reposição, realizadas pela Brisa Inovação e Tecnologia e utilizadas nas operações de manutenção realizadas nos sistemas instalados nas concessões da Brisa. O modelo de revisão periódica desenvolvido baseia-se na heurística de Naddor. Através da implementação do modelo pretende-se reduzir o número de ocorrências de rutura de stock e o nível de stock alocado a alguns artigos aumentando, assim, a eficácia e eficiência da organização.

Aplicação da metodologia lean seis sigma na otimização do nível de stocks: caso de estudo na indústria vidreira

Com a crescente competitividade dos mercados, em parte devido à conjuntura económica atual, as organizações viram-se obrigadas a adotar estratégias de gestão que lhes permitissem reduzir custos e aumentar a eficácia e eficiência dos seus processos. Como tal, são cada vez mais as empresas que apostam em práticas de melhoria contínua, para de um modo estruturado fazerem face ao desperdício gerado ao longo da cadeia de abastecimento, bem como à variabilidade dos seus processos. Uma das abordagens frequentemente utilizada dentro das empresas industriais é o Lean Seis Sigma. O ciclo DMAIC é um método sequencial que por meio das etapas Define, Measure, Analyse, Improve e Control, auxilia a implementação estruturada de iniciativas de melhoria contínua, tais como os projetos Lean Seis Sigma. O objetivo do caso de estudo da presente dissertação é, através da criação de stocks de segurança e da otimização do nível de stocks de produto acabado, alcançar uma redução do valor financeiro imobilizado no armazém de produto final de uma empresa da indústria vidreira. Nesse sentido, foram aplicadas diversas ferramentas Lean e Seis Sigma com o intuito de recolher dados válidos, analisar as causas da raiz do problema e ulteriormente propor as devidas melhorias. Constatou-se que a inexistência de stocks de segurança, bem como a ausência de uma classificação dos stocks de acordo a média diária de expedições, influi negativamente na organização dos níveis de stock de uma empresa, levando a que a rotatividade dos artigos seja reduzida. Consequentemente, a aplicação do ciclo DMAIC, com especial enfoque na Análise ABC como ferramenta de gestão e controlo de stocks, gera benefícios que podem ser traduzidos para outras organizações, ao nível do aumento da qualidade e da satisfação dos clientes.

Biological behavior of Trypanosoma cruzi stocks obtained from the state of Amazonas, Western Brazilian Amazon, in mice

INTRODUCTION: The biological diversity of circulating Trypanosoma cruzi stocks in the Amazon region most likely plays an important role in the peculiar clinic-epidemiological features of Chagas disease in this area. METHODS: Seven stocks of T. cruzi were recently isolated in the State of Amazonas, Brazil, from humans, wild mammals, and triatomines. They belonged to the TcI and Z3 genotypes and were biologically characterized in Swiss mice. Parasitological and histopathological parameters were determined. RESULTS: Four stocks did not promote patent parasitemia in mice. Three stocks produced low parasitemia, long pre-patent periods, and a patent period of 1 day or oscillating parasitemia. Maximum parasitemia ranged from 1,400 to 2,800 trypomastigotes/0.1mL blood. Mice inoculated with the T. cruzi stocks studied showed low positivity during fresh blood examinations, ranging from 0% to 28.6%. In hemoculture, positivity ranged from 0% to 100%. Heart tissue parasitism was observed in mice inoculated with stocks AM49 and AM61. Stock AM49 triggered a moderate inflammatory process in heart tissue. A mild inflammatory process was observed in heart tissue for stocks AM28, AM38, AM61, and AM69. An inflammatory process was frequently observed in skeletal muscle. Examinations of brain tissue revealed inflammatory foci and gliosis in mice inoculated with stock AM49. CONCLUSIONS: Biological and histopathological characterization allowed us to demonstrate the low infectivity and virulence of T. cruzi stocks isolated from the State of Amazonas.

Momentum risk: An approach following the correlations between active stocks

The momentum anomaly has been widely documented in the literature. However, there are still many issues where there is no consensus and puzzles left unexplained. One is that strategies based on momentum present a level of risk that is inconsistent with the diversification that it offers. Moreover, recent studies indicate that this risk is variable over time and mostly strategy-specific. This work project hypothesises and proves that this evidence is explained by the portfolio constitution of the momentum strategy over time, namely the covariance and correlation between companies in the top and down deciles and across them.

Introducing spin-off stocks into the NSP’s risk parity strategy

Field lab: Nova Student Portfolio

Estudo e implementação de modelos de gestão de stocks em sistemas ERP para empresas retalhistas

Dissertação de mestrado em Engenharia de Sistemas

Mexican Trypanosoma cruzi stocks: analysis of minicircle kDNA homologies by cross-hybridization

Homologies of minicircle kDNA of 27 Mexican stocks were studied by cross-hybridization with four kDNA probes derived from three reference stocks belonging to groups Trypanosoma cruzi I (SO34 cl4 and Silvio) and T. cruzi II (MN) and one Mexican stock. High homologies were only observed with Silvio (six stocks) and Mexican probes (11 stocks). After 30 min exposure (low homology) additional stocks were recognized with SO34 cl4 (three stocks) and Silvio (six stocks) probes; with the Mexican probe only five stocks remained non-reactive. All the stocks were typed by isoenzyme (16 loci) and Mexican stocks belonged to T. cruzi I. Hybridization patterns were not strictly correlated with the observed clustering and cross-hybridization of kDNA minicircles is not available to distinct Mexican stocks.

Isoenzyme profiles of Trypanosoma cruzi stocks from different areas of Paraguay

Twenty one Trypanosoma cruzi stocks from humans, domiciliary triatomines and one sylvatic animal of different areas of Paraguay were subjected to isoenzyme analysis. Thirteen enzyme systems (15 loci in total) were studied. MN cl2 (clonets 39) and SO34 cl4 (clonets 20) were used as references. Relationships between stocks were depicted by an UPGMA dendrogram constructed using the Jaccard´s distances matrix. Among the Paraguayan stocks 14 zymodemes were identified (Par1 to Par14), Par 5 being the most frequent. Polymorphism rate and clonal diversity were 0.73 and 0.93, respectively. Average number of alleles per polymorphic locus was 2.5 (range 2-4). These measurements show a high diversity, which is confirmed by the dendrogram topology. All stocks belong to the same lineage, as MN cl2 reference strain (T. cruzi II). Moreover three distinct subgroups were identified and two of them correspond to Brazilian and Bolivian zymodemes, respectively. The third subgroup, the most common in Paraguay, is related to Tulahuen stock. The large geographical distribution of some zymodemes agrees with the hypothesis of clonality for T. cruzi populations. However sample size was not adequate to detect genetic recombination in any single locality.

Trypanosoma rangeli sialidase: lack of activity in stocks from Panama and other regions

A total of 33 crude and cloned Trypanosoma rangeli stocks found as natural infections in human from Panama and other endemic areas of Central and South America were evaluated as producers of sialidase (SA) activity through the MU-NANA fluorescence test. Negative results were observed in 6 of the isolates: Panama (4), Honduras (1), and Brazil (1). In addition, an immunoblotting analysis confirm the presence of the SA antigen in these stocks without enzymatic activity. These findings must be considered in the interpretation of the biological significance of T. rangeli SA and in the proper characterization and identification of this parasite.

Institutional regimes for sustainable collective housing stocks

The influence of public policy, property rights and contracts on the sustainability of residential buildings remains largely unknown. This research will use the analytical framework of the housing institutional regime to study the sustainability over time of the housing stock. We aim to produce an inventory of the housing institutional regime in Switzerland, a comparison with the German and Catalan regimes, and policy suggestions to achieve a better sustainability of the housing stock.