Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil

Detalhes bibliográficos
Autor(a) principal: Oliveira, Sandra Cristina de
Data de Publicação: 2020
Outros Autores: Andrade, Alequexandre Galvez de
Tipo de documento: Artigo
Idioma: por
Título da fonte: Research, Society and Development
Texto Completo: https://rsdjournal.org/index.php/rsd/article/view/7117
Resumo: The sugar and alcohol sector in Brazil has undeniable advantages when compared with other global competitors in the production of sugarcane by-products. Thus, the objective of this work was to identify the significant factors at the price of the shares of three organizations in the Brazilian sugar-energy sector: Biosev (BSEV3), São Martinho (SMTO3), and Cosan (CSAN3). Specifically, it was verified how these factors influence or are associated with the price of such shares, to understand their trend movement, and, with this, increase the investment decision power in these companies at opportune times. It is descriptive research with a quantitative approach and an interdisciplinary character, addressing statistical, accounting, and economic-financial analysis. Data concerning 15 variables were collected from secondary sources, between January 2015 and March 2020. The results showed that companies have different variations in share prices. The Biosev and São Martinho groups have similar market trends, and the Cosan group maintains the opposite trend to the others. It was concluded that the sugar-energy sector is a good investment option, because had a significant financial evolution with the appreciation of stock prices in recent years, in particular, due to the increase in prices of VHP sugar and hydrated ethanol.
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spelling Significant factors in the stock prices of the main companies in the sugar-energy sector in BrazilFactores significativos en el precio de las acciones de las principales empresas del sector azucarero en BrasilFatores significativos aos preços de ações das principais empresas do setor sucroenergético do BrasilMultivariate analysisFundamentalist analysisSugarcane millsInterdisciplinarity.Análisis multivarianteAnálisis fundamentalistaMolinos de caña de azúcarInterdisciplinariedad.Análise multivariadaAnálise fundamentalistaUsinas de cana-de-açúcarInterdisciplinaridade. The sugar and alcohol sector in Brazil has undeniable advantages when compared with other global competitors in the production of sugarcane by-products. Thus, the objective of this work was to identify the significant factors at the price of the shares of three organizations in the Brazilian sugar-energy sector: Biosev (BSEV3), São Martinho (SMTO3), and Cosan (CSAN3). Specifically, it was verified how these factors influence or are associated with the price of such shares, to understand their trend movement, and, with this, increase the investment decision power in these companies at opportune times. It is descriptive research with a quantitative approach and an interdisciplinary character, addressing statistical, accounting, and economic-financial analysis. Data concerning 15 variables were collected from secondary sources, between January 2015 and March 2020. The results showed that companies have different variations in share prices. The Biosev and São Martinho groups have similar market trends, and the Cosan group maintains the opposite trend to the others. It was concluded that the sugar-energy sector is a good investment option, because had a significant financial evolution with the appreciation of stock prices in recent years, in particular, due to the increase in prices of VHP sugar and hydrated ethanol.El sector del azúcar y el alcohol en Brasil tiene ventajas innegables en comparación con algunos competidores mundiales en la producción de subproductos de la caña de azúcar. Por lo tanto, el objetivo de este trabajo fue identificar los factores significativos al precio de las acciones de tres organizaciones del sector de la energía azucarera brasileño: Biosev (BSEV3), São Martinho (SMTO3) y Cosan (CSAN3). Específicamente, se verificó cómo estos factores influyen o están asociados con el precio de dichas acciones, con el fin de comprender su movimiento de tendencia y, con esto, aumentar el poder de decisión de inversión en estas empresas en los momentos oportunos. Es una investigación descriptiva con un enfoque cuantitativo y un carácter interdisciplinario, que aborda el análisis estadístico, contable y económico-financiero. Los datos relativos a 15 variables se obtuvieron de fuentes secundarias, entre enero de 2015 y marzo de 2020. Los resultados mostraron que las empresas tienen diferentes variaciones en los precios de las acciones. Los grupos Biosev y São Martinho tienen tendencias de mercado similares, y el grupo Cosan mantiene la tendencia opuesta a los demás. Se concluyó que el sector de la energía azucarera es una buena opción de inversión, ya que ha tenido una evolución financiera significativa con la apreciación de los precios de las acciones en los últimos años, en particular, debido al aumento en los precios del azúcar VHP y el etanol hidratado.O setor sucroalcooleiro no Brasil apresenta inegáveis vantagens quando confrontado a alguns concorrentes mundiais na produção de subprodutos da cana-de-açúcar. Assim, o objetivo deste trabalho foi identificar os fatores significativos ao preço das ações de três organizações do setor sucroenergético brasileiro: Biosev (BSEV3), São Martinho (SMTO3) e Cosan (CSAN3). Especificamente, verificou-se a forma como esses fatores influenciam ou se associam ao preço de tais ações, de forma a compreender o seu movimento de tendência e, com isso, aumentar o poder de decisão de investimento nessas empresas em momentos oportunos. Trata-se de uma pesquisa descritiva com abordagem quantitativa e caráter interdisciplinar, abordando análises estatística, contábil e econômico-financeira. Os dados concernentes a 15 variáveis foram coletados em fontes secundárias, entre janeiro de 2015 e março de 2020. Os resultados mostraram que as empresas têm variações distintas nos preços das ações. Os grupos Biosev e São Martinho apresentam tendências de mercado semelhantes, e o grupo Cosan mantém tendência oposta aos demais. Concluiu-se que o setor sucroenergético é uma boa opção de investimento, pois teve uma evolução financeira significativa com a valorização dos preços das ações nos últimos anos, em especial, pelo aumento dos preços do açúcar VHP e do etanol hidratado.Research, Society and Development2020-08-16info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rsdjournal.org/index.php/rsd/article/view/711710.33448/rsd-v9i9.7117Research, Society and Development; Vol. 9 No. 9; e241997117Research, Society and Development; Vol. 9 Núm. 9; e241997117Research, Society and Development; v. 9 n. 9; e2419971172525-3409reponame:Research, Society and Developmentinstname:Universidade Federal de Itajubá (UNIFEI)instacron:UNIFEIporhttps://rsdjournal.org/index.php/rsd/article/view/7117/19046Copyright (c) 2020 Sandra Cristina de Oliveira; Alequexandre Galvez de Andradehttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessOliveira, Sandra Cristina deAndrade, Alequexandre Galvez de 2020-09-18T01:42:11Zoai:ojs.pkp.sfu.ca:article/7117Revistahttps://rsdjournal.org/index.php/rsd/indexPUBhttps://rsdjournal.org/index.php/rsd/oairsd.articles@gmail.com2525-34092525-3409opendoar:2024-01-17T09:29:57.433652Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)false
dc.title.none.fl_str_mv Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
Factores significativos en el precio de las acciones de las principales empresas del sector azucarero en Brasil
Fatores significativos aos preços de ações das principais empresas do setor sucroenergético do Brasil
title Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
spellingShingle Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
Oliveira, Sandra Cristina de
Multivariate analysis
Fundamentalist analysis
Sugarcane mills
Interdisciplinarity.
Análisis multivariante
Análisis fundamentalista
Molinos de caña de azúcar
Interdisciplinariedad.
Análise multivariada
Análise fundamentalista
Usinas de cana-de-açúcar
Interdisciplinaridade.
title_short Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
title_full Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
title_fullStr Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
title_full_unstemmed Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
title_sort Significant factors in the stock prices of the main companies in the sugar-energy sector in Brazil
author Oliveira, Sandra Cristina de
author_facet Oliveira, Sandra Cristina de
Andrade, Alequexandre Galvez de
author_role author
author2 Andrade, Alequexandre Galvez de
author2_role author
dc.contributor.author.fl_str_mv Oliveira, Sandra Cristina de
Andrade, Alequexandre Galvez de
dc.subject.por.fl_str_mv Multivariate analysis
Fundamentalist analysis
Sugarcane mills
Interdisciplinarity.
Análisis multivariante
Análisis fundamentalista
Molinos de caña de azúcar
Interdisciplinariedad.
Análise multivariada
Análise fundamentalista
Usinas de cana-de-açúcar
Interdisciplinaridade.
topic Multivariate analysis
Fundamentalist analysis
Sugarcane mills
Interdisciplinarity.
Análisis multivariante
Análisis fundamentalista
Molinos de caña de azúcar
Interdisciplinariedad.
Análise multivariada
Análise fundamentalista
Usinas de cana-de-açúcar
Interdisciplinaridade.
description The sugar and alcohol sector in Brazil has undeniable advantages when compared with other global competitors in the production of sugarcane by-products. Thus, the objective of this work was to identify the significant factors at the price of the shares of three organizations in the Brazilian sugar-energy sector: Biosev (BSEV3), São Martinho (SMTO3), and Cosan (CSAN3). Specifically, it was verified how these factors influence or are associated with the price of such shares, to understand their trend movement, and, with this, increase the investment decision power in these companies at opportune times. It is descriptive research with a quantitative approach and an interdisciplinary character, addressing statistical, accounting, and economic-financial analysis. Data concerning 15 variables were collected from secondary sources, between January 2015 and March 2020. The results showed that companies have different variations in share prices. The Biosev and São Martinho groups have similar market trends, and the Cosan group maintains the opposite trend to the others. It was concluded that the sugar-energy sector is a good investment option, because had a significant financial evolution with the appreciation of stock prices in recent years, in particular, due to the increase in prices of VHP sugar and hydrated ethanol.
publishDate 2020
dc.date.none.fl_str_mv 2020-08-16
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/7117
10.33448/rsd-v9i9.7117
url https://rsdjournal.org/index.php/rsd/article/view/7117
identifier_str_mv 10.33448/rsd-v9i9.7117
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://rsdjournal.org/index.php/rsd/article/view/7117/19046
dc.rights.driver.fl_str_mv Copyright (c) 2020 Sandra Cristina de Oliveira; Alequexandre Galvez de Andrade
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2020 Sandra Cristina de Oliveira; Alequexandre Galvez de Andrade
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Research, Society and Development
publisher.none.fl_str_mv Research, Society and Development
dc.source.none.fl_str_mv Research, Society and Development; Vol. 9 No. 9; e241997117
Research, Society and Development; Vol. 9 Núm. 9; e241997117
Research, Society and Development; v. 9 n. 9; e241997117
2525-3409
reponame:Research, Society and Development
instname:Universidade Federal de Itajubá (UNIFEI)
instacron:UNIFEI
instname_str Universidade Federal de Itajubá (UNIFEI)
instacron_str UNIFEI
institution UNIFEI
reponame_str Research, Society and Development
collection Research, Society and Development
repository.name.fl_str_mv Research, Society and Development - Universidade Federal de Itajubá (UNIFEI)
repository.mail.fl_str_mv rsd.articles@gmail.com
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