Examinando por Materia "Volatilidad del mercado"

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    El sector energético como activo refugio : un análisis del XLE tras la invasión de Rusia a Ucrania
    (Universidad EAFIT, 2025) Vera Cortés, Alfonsina del Mar; Puerta Álvarez, Henry Daniel
    This study analyzes whether the U.S. energy sector, represented by the XLE ETF, can be considered a safe haven asset in the context of disruptive geopolitical and economic events, such as the Russia-Ukraine war and the COVID-19 pandemic. Using daily data from 2019 to 2025, the behavior of XLE, the S&P 500, gold (XAU/USD), oil prices (WTI and Brent), and inflation expectations (sourced from the FRED database) are examined. Through statistical and graphical tools, the analysis shows that XLE experienced a significant recovery after the onset of the conflict, remaining relatively stable compared to the volatility of other assets such as oil and gold. In contrast, gold—traditionally viewed as a safe haven—lost stability after the war began, with a delayed recovery. The differing behavior of WTI and Brent highlights the influence of regional geopolitical factors. Inflation expectations also played a key role in shaping asset dynamics. The results suggest that, although gold remains relevant as a safe haven, the U.S. energy sector—particularly the XLE—has gained prominence as a potential defensive alternative for investors during periods of high uncertainty.
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    Nearshoring in Latin America : a new home for American textile and apparel companies based in China?
    (Universidad EAFIT, 2022) Pérez Hincapié, Wendy Catalina; Vélez Calle, Andrés
    Although moving operations out of China is expensive, many businesses are considering it because doing business there is becoming more expensive due to rising labor costs and the ongoing threat of intellectual property theft. Other factors driving business out of China include coronavirus pandemic, market volatility, the conflict in Ukraine, the disruption of global supply chains, and fears of a trade war between China and the US, the world's largest importer. Due to this, US businesses have relocated or intend to relocate their sourcing and production operations outside China, utilizing the nearshoring production model. Therefore, the objective of this document is to determine, through a case analysis study, if it is feasible for US companies that specialize in the textile and apparel industry to adopt business processes with a regionalization approach, that is, which can relocate companies from China to Latin America, specifically in countries such as Brazil, Colombia, Mexico or El Salvador. The methodology of this thesis is based on a mixed methods approach. The qualitative methodology includes unstructured interviews with experts from the manufacturing sector and the quantitative methodology includes the collection and statistical documentary analysis of the commercial links between the countries studied and the US, the advantages, and disadvantages in case they are considered a nearshoring destination, as well as the current state of the textile and clothing industries in each of them.