WEGZY - Sector And Industry Analysis For Companies In The Brazilian Index IBrX 50 CNT.2
This article is a continuation of my Sector and Industry Analysis article that I wrote about two months ago. In this article, I explain that the IBrX 50 is positively correlated with Ibovespa with a correlation factor of 0.99893 and an R2 of 0.99785. I also demonstrated that my data on the IBrX 50 can be applied to the equity returns of the iShares MSCI Brazil Capped ETF (NYSEARCA: EWZ), as it is an almost full replication of the Bovespa index.
Originally I was going to write this article after earning season ended last