Relationship risk-return of native species sawn wood in the state of Pará, Brazil 2003-2007

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

Relationship risk-return of native species sawn wood in the state of Pará, Brazil 2003-2007

Autores

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

Editor

Universidade Federal de Lavras

Descripción

This study characterized the risk-return relationship of sawn wood of different native forest species of the Amazonian area. Specifically, it was determined the risk-return relationship of Ipê, Jatobá, Maçaranduba, Angelim Pedra, Angelim Vermelho and Cumaru boards, in 2003-2007 period. The Geometric Growth Rate of prices of the m3 of boards of each species was admitted as return estimative and the variation coefficient as indicative of risk; the estimated values were plotted in dispersion graphics allowing graphic 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 returns associated with high risks. Angelim Vermelho and Maçaranduba stood out for the attractiveness, in an annual perspective.