Teste de eficiência da magic formula de value investing para o mercado brasileiro de ações

O objetivo desse trabalho é realizar um procedimento de back-test da Magic Formula no IBX-100, a fim de reunir evidencias sobre a eficiência de tal metodologia no processo de seleção das melhores ações e formação de carteiras que superem o desempenho do IBX-100 no longo prazo. Desenvolvida por Joel Greenblatt, a Magic Formula é uma metodologia de formação de carteiras que consiste em escolher ações com altos ROICs e Earnings Yields, seguindo a filosofia de Value Investing. Diversas carteiras foram montadas no período de janeiro de 2000 a junho de 2015 utilizando diferentes combinações de número de ativos por carteira e períodos de permanência. Nem todas as carteiras apresentaram retornos superiores ao índice de mercado. Aparentemente, as carteiras com mais ações e períodos de permanência mais longos apresentam desempenho superior às carteiras menores e com rotatividade maior (períodos de permanência mais curtos). A carteira de 10 ações, com período de permanência de 1 ano, apresentou o maior CAGR dentre todas as outras (17,77%), superando o CAGR de 13,17% do IBX-100 no mesmo período. Esse resultado foi superior mesmo quando ajustado ao risco. Independentemente do período de permanência e número de ações, todas as carteiras apresentaram riscos sistemáticos menores do que o índice IBX-100 (todos os betas foram significativos e menores do que 1). Por outro lado, os alfas das carteiras foram muito baixos e, raramente, significativos, sugerindo que a gestão ativa de acordo com os critérios da Magic Formula não adiciona retornos substancialmente maiores do que o retorno relacionado à variações de mercado.

The Magic Of Reading

Trilha componente do jogo “Armas e Barões (http://www.loa.sead.ufscar.br/armasebaroes.html)” desenvolvido pela equipe do Laboratório de Objetos de Aprendizagem da Universidade Federal de São Carlos (LOA/UFSCar).

Identification and characterization of novel mutations of the aspartoacylase gene in non-Jewish patients with Canavan disease

Canavan disease, an inherited leukodystrophy, is caused by mutations in the aspartoacylase (ASPA) gene. It is most common among children of Ashkenazi Jewish descent but has been diagnosed in many diverse ethnic groups. Two mutations comprise the majority of mutant alleles in Jewish patients, while mutations in the ASPA gene among non-Jewish patients are different and more diverse. In the present study, the ASPA gene was analysed in 22 unrelated non-Jewish patients with Canavan disease, and 24 different mutations were found. of these,14 are novel, including five missense mutations (E24G, D68A, D249V, C152W, H244R), two nonsense mutations (Q184X, E214X), three deletions (923delT, 33del13, 244delA), one insertion mutation (698insC), two sequence variations in one allele ([10T>G; 11insG]), an elimination of the stop codon (941A>G, TAG-->TGG, X314W), and one splice acceptor site mutation (IVS1 - 2A>T). The E24G mutation resulted in substitution of an invariable amino acid residue (Glu) in the first esterase catalytic domain consensus sequence. The IVS1 - 2A>T mutation caused the retention of 40 nucleotides of intron 1 upstream of exon 2. The results of transient expression of the mutant ASPA cDNA containing these mutations in COS-7 cells and assays for ASPA activity of patient fibroblasts indicated that these mutations were responsible for the enzyme deficiency. In addition, patients with the novel D249V mutation manifested clinically at birth and died early. Also, patients with certain other novel mutations, including C152W, E214X, X314W, and frameshift mutations in both alleles, developed clinical manifestations at an earlier age than in classical Canavan disease.

Un análisis de la competitividad de las exportaciones de prendas de vestir de Centroamérica utilizando los programas y la metodología CAN y MAGIC

Incluye Bibliografía

Module for the analysis of growth in international commerce (MAGIC Plus): user guide (updated)

Includes bibliography

The Magic Toyshop: A narrativa imagética como processo de recriação

Because it belongs to a cultural practice, the adaptation of a novel into a feature film will always exist within a context and, for being subject to changes, corresponding modifications in the political sphere and even variations in the meaning of the story may occur. This seems to be precisely the result of the transformation of Angela Carter's second novel, The Magic Toyshop, into the homonymous film, directed by David Whealtey in 1987. Removed from the context of the book's production and publication, a crucial period of questioning about the importance of women in society and culture, the plot created by the English author in the sixties, rewritten two decades later, with the author herself as the script writer, seems to have acquired another meaning during this time. Although the film maintains the same plot of the novel, the political engagement visibly present in the narrative, namely Carter's critical stance about the model of patriarchal society, seems to lose its strength, highlighting now its fantastic character. Briefly discussing issues such as loyalty and betrayal of one gender to another, we seek in this paper to observe the film, based on the re-writers perspective, in other words, the prospects of both writer and director, as a process of rebuilding the story. In this dialogue, the script was also used as an intertext for a better understanding of this process.

Sistema para analizar el crecimiento del comercio internacional: Module to Analyse the Growth of International Commerce (MAGIC): manual de uso

Incluye Bibliografía

Un análisis de la competitividad de las exportaciones de prendas de vestir de Centroamérica utilizando los programas y la metodología CAN y MAGIC

Incluye Bibliografía

Módulo para analizar el crecimiento del comercio internacional: Module to Analyse the Growth of International Commerce (MAGIC): manual de uso

Incluye Bibliografía

Confinamento e vastidão: a representação feminina e a subversão em The magic toyshop

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Módulo para analizar el crecimiento del comercio internacional (MAGIC PLUS)

El 12 de septiembre de 2006, el Secretario Ejecutivo de la CEPAL, José Luís Machinea, junto con el lanzamiento del informe Panorama de la inserción internacional de América Latina y el Caribe, 2005-2006, presentó la nueva versión del programa computacional Módulo para Analizar el Crecimiento del Comercio Internacional, conocido como MAGIC (según su sigla en inglés). El MAGIC es un software cuya primera versión fue creada por la Sede Subregional de la CEPAL en México, con el fin de analizar la competitividad expost de las exportaciones de los países en el mercado de Estados Unidos. El desarrollo de la nueva arquitectura de la aplicación fue posible gracias al apoyo financiero de la Agencia Canadiense para el Desarrollo Internacional (ACDI/CIDA) y el trabajo conjunto de la Sede Subregional de la CEPAL en México y las Divisiones de Comercio Internacional e Integración y Desarrollo Productivo y Empresarial de la sede central de la CEPAL en Santiago, Chile. Esta edición del Boletín presenta el recorrido del MAGIC en sus diez años de existencia y la evolución que lo ha llevado a convertirse en una de las aplicaciones más populares, versátiles, y tecnológicamente avanzada de la CEPAL.

Module for the Analysis of Growth of International Commerce (MAGIC PLUS)

On 12 September 2006, on the occasion of the launching of the report Latin America and the Caribbean in the World Economy, 2005-2006, the Executive Secretary of ECLAC, José Luis Machinea, presented a new version of the software program Module for the Analysis of Growth of International Commerce (MAGIC).  The first version of MAGIC was created by ECLAC Subregional Headquarters in Mexico , to conduct ex post analysis of the competitiveness of countries' exports to the United States market. The new application architecture was made possible thanks to financial support from the Canadian International Development Agency (CIDA) and the Division of Production, Productivity and Management of ECLAC headquarters in Santiago , Chile .  This issue of the FAL Bulletin reviews the progress of MAGIC in the ten years it has been functioning, and the evolution which has made it one of ECLAC's most popular, versatile, and technologically advanced applications.  

Módulo para analizar el crecimiento del comercio internacional (MAGIC Plus): manual para el usuario

Incluye Bibliografía

Evaluation report of the training workshop on the use of the module to analyse growth of international commerce (Magic Plus) and the competitive analysis of nations (TRADECAN 2009) software

The aim of the workshop was to provide a functional overview of the software package, to enable participants to use the software in order to inform more evidence-based trade strategies, and build capacity for researchers and trade negotiators to provide more rigorous, analytical policy research to inform future trade negotiations. Participants came from the ministries of trade of the following CDCC member countries: Dominica, Grenada, Jamaica, Saint Lucia, Saint Kitts and Nevis, Saint Vincent and the Grenadines, and Trinidad and Tobago. Representatives of the following regional institutions were represented: the Caribbean Community/Caribbean Regional Negotiating Mechanism (CARICOM/CRNM); the Organisation of Eastern Caribbean States (OECS); the University of Guyana, University of Suriname and the University of the West Indies (UWI). It was hoped the workshop would be a stepping stone towards more advanced trade analysis training. The list of participants appears as Annex I.

Confinamento e vastidão: a representação feminina e a subversão em The Magic Toyshop

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)