{"id":4682,"date":"2026-08-06T12:09:14","date_gmt":"2026-08-06T12:09:14","guid":{"rendered":"https:\/\/opture.com\/?p=4682"},"modified":"2026-09-29T21:44:40","modified_gmt":"2026-09-29T21:44:40","slug":"wenn-die-welt-verruecktspielt-spielen-die-korrelationen-auch-verrueckt","status":"publish","type":"post","link":"https:\/\/opture.com\/pt\/blog\/wenn-die-welt-verruecktspielt-spielen-die-korrelationen-auch-verrueckt\/","title":{"rendered":"Quando o mundo fica louco, as correla\u00e7\u00f5es tamb\u00e9m ficam loucas!\u00a0"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"4682\" class=\"elementor elementor-4682\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13bde31 e-con-full e-flex e-con e-parent\" data-id=\"13bde31\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-8572f7e e-con-full e-flex e-con e-child\" data-id=\"8572f7e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e151c82 elementor-widget elementor-widget-heading\" data-id=\"e151c82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">RELACIONAMENTOS NO TESTE DE STRESS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67ca04c elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"67ca04c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Quando o mundo fica louco, as correla\u00e7\u00f5es tamb\u00e9m ficam loucas! \n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22d525d elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"22d525d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Por que os choques geopol\u00edticos reconfiguram a gest\u00e3o de riscos.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e44e24b elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"e44e24b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Os conflitos geopol\u00edticos \u2013 no M\u00e9dio Oriente, na Europa Oriental ou no Indo-Pac\u00edfico \u2013 afetam hoje os mercados financeiros de forma mais r\u00e1pida, ampla e imprevis\u00edvel do que em ciclos anteriores. A economia globalizada, as cadeias de fornecimento fr\u00e1geis e a estreita interconex\u00e3o dos mercados de capitais levam a que um conflito regional possa desencadear movimentos globais de pre\u00e7os em poucas horas. Para os <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikosteuerung\">Gest\u00e3o de riscos<\/a> O que isso significa: conex\u00f5es est\u00e1veis s\u00e3o uma ilus\u00e3o. <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a> n\u00e3o s\u00e3o um par\u00e2metro est\u00e1tico, mas sim um <a href=\"https:\/\/opture.com\/pt\/glossar\/#fruehwarnindikator\">Sistema de alerta precoce<\/a>, Em particular, quando s\u00e3o fatores (-&gt; modelo de fatores do mercado).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-572801e e-grid e-con-full e-con e-child\" data-id=\"572801e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d781b98 ui-e-align-left ui-e-align-tablet-left ui-e-align-mobile-left elementor-widget__width-initial elementor-widget-tablet__width-inherit ui-e-left elementor-widget elementor-widget-uicore-icon-box\" data-id=\"d781b98\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;left&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                \n                \n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                <div class=\"ui-e-title-wrp\"><h5 class=\"ui-e-title\"> Chicos geopol\u00edticos como catalisadores de mudan\u00e7as de correlacionamento<\/h5><div class=\"ui-e-subtitle\"> As guerras e as tens\u00f5es geopol\u00edticas n\u00e3o s\u00f3 alteram os n\u00edveis de pre\u00e7os \u2013 elas tamb\u00e9m alteram as rela\u00e7\u00f5es entre os mercados. Exemplos t\u00edpicos s\u00e3o: <\/div><\/div>\n                <div class=\"ui-e-description\">\n                    <ul><li style=\"font-weight: 400\"><b>Materiais primas<\/b><span style=\"font-weight: 400\">Os pre\u00e7os da energia geralmente aumentam de forma s\u00fabita, mas n\u00e3o linearmente \u2013 o petr\u00f3leo, o g\u00e1s e os metais industriais reagem de forma diferente dependendo da regi\u00e3o de conflito.<\/span><\/li><li style=\"font-weight: 400\"><b>Moedas:<\/b><span style=\"font-weight: 400\"> Os fluxos de capitais para os pa\u00edses de \u201csafe haven\u201d (USD, EUR, CHF) est\u00e3o aumentando, enquanto as moedas dos mercados emergentes est\u00e3o correlacionando-se abruptamente, embora fundamentalmente n\u00e3o tenham muito em comum.<\/span><\/li><li style=\"font-weight: 400\"><b>Juros:<\/b><span style=\"font-weight: 400\"> A avers\u00e3o ao risco leva \u00e0 fuga para t\u00edtulos de d\u00edvida p\u00fablica, mas apenas enquanto o conflito n\u00e3o apresentar um efeito inflacion\u00e1rio (por exemplo, choques nos pre\u00e7os da energia).<\/span><\/li><li style=\"font-weight: 400\"><b>Mercados de a\u00e7\u00f5es:<\/b><span style=\"font-weight: 400\"> Os setores est\u00e3o a correlacionar-se mais fortemente (por exemplo, energia e armamento) ou a se desvincular.<\/span><\/li><\/ul>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e9cda69 e-con-full e-flex e-con e-child\" data-id=\"e9cda69\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-0e47565 e-con-full e-flex e-con e-child\" data-id=\"0e47565\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-1184347 e-con-full e-flex e-con e-child\" data-id=\"1184347\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-583209e e-con-full e-flex e-con e-child\" data-id=\"583209e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cfcfdb3 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"cfcfdb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Por que as correla\u00e7\u00f5es s\u00e3o essenciais na gest\u00e3o de riscos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65d7639 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"65d7639\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a> s\u00e3o o fundamento de qualquer quantitativa <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikosteuerung\">Gest\u00e3o de riscos<\/a>. As suas significa\u00e7\u00f5es s\u00e3o:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-313f886 e-grid e-con-full e-con e-child\" data-id=\"313f886\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;shape_divider_top&quot;:&quot;triangle&quot;}\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 1000 100\" preserveaspectratio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M500,98.9L0,6.1V0h1000v6.1L500,98.9z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a0d3f13 e-con-full e-flex e-con e-child\" data-id=\"a0d3f13\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f6fc8f5 ui-e-align-left ui-e-align-tablet-left ui-e-align-mobile-left elementor-widget__width-initial elementor-widget-tablet__width-inherit ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"f6fc8f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <i aria-hidden=\"true\" class=\"ti ti-shield\"><\/i>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h5 class=\"ui-e-title\">VaR<\/h5><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\"><a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a> determinar como os riscos se refor\u00e7am ou neutralizam mutuamente.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b56511f e-con-full e-flex e-con e-child\" data-id=\"b56511f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-91eecb5 ui-e-align-left ui-e-align-tablet-left ui-e-align-mobile-left elementor-widget__width-initial elementor-widget-tablet__width-inherit ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"91eecb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <i aria-hidden=\"true\" class=\"ti ti-check-box\"><\/i>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h5 class=\"ui-e-title\">Testes de estresse<\/h5><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">Somente com din\u00e2mica <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a> \u00e9 poss\u00edvel modelar choques realistas.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d5acdea e-con-full e-flex e-con e-child\" data-id=\"d5acdea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c2bd0a ui-e-align-left ui-e-align-tablet-left ui-e-align-mobile-left elementor-widget__width-initial elementor-widget-tablet__width-inherit ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"2c2bd0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <i aria-hidden=\"true\" class=\"ti ti-settings\"><\/i>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h5 class=\"ui-e-title\">Constru\u00e7\u00e3o de portf\u00f3lio<\/h5><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">A diversifica\u00e7\u00e3o existe apenas quando <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a> N\u00e3o corre contra o 1.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-26b8e83 e-con-full e-flex e-con e-child\" data-id=\"26b8e83\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cbe5c33 ui-e-align-left ui-e-align-tablet-left ui-e-align-mobile-left elementor-widget__width-initial elementor-widget-tablet__width-inherit ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"cbe5c33\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <i aria-hidden=\"true\" class=\"ti ti-reload\"><\/i>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h5 class=\"ui-e-title\">Hedging<\/h5><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">Um hedge s\u00f3 funciona quando a contra\u00e7\u00e3o esperada realmente ocorre.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-60761ee e-con-full e-flex e-con e-child\" data-id=\"60761ee\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-c8a1472 e-grid e-con-full e-con e-child\" data-id=\"c8a1472\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce3130 ui-e-align-left ui-e-align-tablet-left ui-e-align-mobile-left elementor-widget__width-initial elementor-widget-tablet__width-inherit ui-e-left elementor-widget elementor-widget-uicore-icon-box\" data-id=\"4ce3130\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;left&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                \n                \n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                <div class=\"ui-e-title-wrp\"><h5 class=\"ui-e-title\">O problema: As correla\u00e7\u00f5es rompem exatamente quando elas s\u00e3o mais necess\u00e1rias.<\/h5><div class=\"ui-e-subtitle\"> As correla\u00e7\u00f5es hist\u00f3ricas s\u00e3o apenas parcialmente \u00fateis em tempos de guerra. Alguns exemplos t\u00edpicos s\u00e3o: <\/div><\/div>\n                <div class=\"ui-e-description\">\n                    <ul><li style=\"font-weight: 400\"><b><a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a> mudam abruptamente:\u00a0<\/b><span style=\"font-weight: 400\">O petr\u00f3leo e o d\u00f3lar norte-americano correlacionam-se negativamente em tempos de paz \u2013 muitas vezes positivamente em tempos de guerra.<\/span><\/li><\/ul><ul><li style=\"font-weight: 400\"><b>Os riscos de cauda s\u00e3o sincronizados:\u00a0<\/b><span style=\"font-weight: 400\">Os mercados caem ao mesmo tempo, mesmo que sejam fundamentalmente independentes.<\/span><\/li><\/ul><ul><li style=\"font-weight: 400\"><b>Os d\u00e9ficits de liquidez criam artificialmente <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikokorrelation\">Correlacionamentos<\/a>:\u00a0<\/b><span style=\"font-weight: 400\">Venda for\u00e7ada (por exemplo, venda simult\u00e2nea devido a falta de liquidez) resulta em uma converg\u00eancia em todas as classes de ativos.<\/span><\/li><\/ul><p><span style=\"font-weight: 400\">Para os gestores de risco, isso significa: quem trata as correla\u00e7\u00f5es de forma est\u00e1tica est\u00e1 a medir os riscos de forma incorreta.\u00a0<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a55d8ea e-con-full e-flex e-con e-child\" data-id=\"a55d8ea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ffa3503 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"ffa3503\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Como usar corretamente as correla\u00e7\u00f5es em fases de estresse geopol\u00edtico\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54b95a3 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget-tablet__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"54b95a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Um moderno <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikosteuerung\">Avan\u00e7ado abordagem de controle de riscos<\/a> Inclui:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fe82d7a e-con-full e-flex e-con e-child\" data-id=\"fe82d7a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dcf12d8 ui-e-align-left elementor-widget__width-inherit ui-e-align-mobile-left ui-e-align-tablet-left ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"dcf12d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-project-diagram\" viewbox=\"0 0 640 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M384 320H256c-17.67 0-32 14.33-32 32v128c0 17.67 14.33 32 32 32h128c17.67 0 32-14.33 32-32V352c0-17.67-14.33-32-32-32zM192 32c0-17.67-14.33-32-32-32H32C14.33 0 0 14.33 0 32v128c0 17.67 14.33 32 32 32h95.72l73.16 128.04C211.98 300.98 232.4 288 256 288h.28L192 175.51V128h224V64H192V32zM608 0H480c-17.67 0-32 14.33-32 32v128c0 17.67 14.33 32 32 32h128c17.67 0 32-14.33 32-32V32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h4 class=\"ui-e-title\">Correl\u00e7\u00f5es baseadas no regime<\/h4><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">\u00abRegime\u00bb significa, neste contexto, uma fase de mercado: distin\u00e7\u00e3o entre regimes normais, de stress, de infla\u00e7\u00e3o e de guerra (= extrema incerteza com choques de commodities e fuga de capitais). Em cada regime, as <a href=\"https:\/\/opture.com\/pt\/glossar\/#risikosteuerung\">Correlacionamentos<\/a> outra coisa.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5f2db7a e-con-full e-flex e-con e-child\" data-id=\"5f2db7a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-734dbf1 ui-e-align-left elementor-widget__width-inherit ui-e-align-mobile-left ui-e-align-tablet-left ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"734dbf1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <i aria-hidden=\"true\" class=\"ri ri-line-chart-fill\"><\/i>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h4 class=\"ui-e-title\">Indicadores de vis\u00e3o de futuro:<\/h4><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">Por exemplo, \u00edndices de volatilidade, spread de CDS, tabelas de vencimento de commodities.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e823c10 ui-e-align-left elementor-widget__width-inherit ui-e-align-mobile-left ui-e-align-tablet-left ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"e823c10\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-bolt\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M296 160H180.6l42.6-129.8C227.2 15 215.7 0 200 0H56C44 0 33.8 8.9 32.2 20.8l-32 240C-1.7 275.2 9.5 288 24 288h118.7L96.6 482.5c-3.6 15.2 8 29.5 23.3 29.5 8.4 0 16.4-4.4 20.8-12l176-304c9.3-15.9-2.2-36-20.7-36z\"><\/path><\/svg>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h4 class=\"ui-e-title\">Correlacionamentos intradia: <\/h4><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">Capacidade de rea\u00e7\u00e3o r\u00e1pida em rela\u00e7\u00e3o a eventos geopol\u00edticos.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8d94047 e-con-full e-flex e-con e-child\" data-id=\"8d94047\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-56edc0c ui-e-align-left elementor-widget__width-inherit ui-e-align-mobile-left ui-e-align-tablet-left ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"56edc0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <i aria-hidden=\"true\" class=\"lu lu-layers\"><\/i>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h4 class=\"ui-e-title\">Cluster de cen\u00e1rios: <\/h4><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">N\u00e3o um cen\u00e1rio, mas v\u00e1rios cen\u00e1rios plaus\u00edveis de conflito.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-819d9d1 ui-e-align-left elementor-widget__width-inherit ui-e-align-mobile-left ui-e-align-tablet-left ui-e-top elementor-widget elementor-widget-uicore-icon-box\" data-id=\"819d9d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;position&quot;:&quot;top&quot;,&quot;content_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;content_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-widget_type=\"uicore-icon-box.default\">\n\t\t\t\t\t\n        <div class=\"ui-e-ico-box\" >\n\n            \n            <div class='ui-e-flex-wrp'>\n\n                                    <div class=\"ui-e-icon-wrp\">\n\n                        <svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-bell\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M439.39 362.29c-19.32-20.76-55.47-51.99-55.47-154.29 0-77.7-54.48-139.9-127.94-155.16V32c0-17.67-14.32-32-31.98-32s-31.98 14.33-31.98 32v20.84C118.56 68.1 64.08 130.3 64.08 208c0 102.3-36.15 133.53-55.47 154.29-6 6.45-8.66 14.16-8.61 21.71.11 16.4 12.98 32 32.1 32h383.8c19.12 0 32-15.6 32.1-32 .05-7.55-2.61-15.27-8.61-21.71zM67.53 368c21.22-27.97 44.42-74.33 44.53-159.42 0-.2-.06-.38-.06-.58 0-61.86 50.14-112 112-112s112 50.14 112 112c0 .2-.06.38-.06.58.11 85.1 23.31 131.46 44.53 159.42H67.53zM224 512c35.32 0 63.97-28.65 63.97-64H160.03c0 35.35 28.65 64 63.97 64z\"><\/path><\/svg>\n                    <\/div>\n                \n                <div class=\"ui-e-title-wrp\"><h4 class=\"ui-e-title\">Correlacionamentos como sinal de alerta precoce:<\/h4><\/div>\n            <\/div>\n\n            <div class=\"ui-e-box-content\">\n                \n                <div class=\"ui-e-description\">\n                    <p><span style=\"font-weight: 400\">Aumentos na correla\u00e7\u00e3o entre ativos \u00e9 frequentemente um precursor de riscos sist\u00eamicos.<\/span><\/p>                <\/div>\n\n                \n            <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a5a49c elementor-widget elementor-widget-html\" data-id=\"4a5a49c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<div class=\"opture-fazit\">\n  <div class=\"opture-fazit__marker\" aria-hidden=\"true\">\n    \u2713\n  <\/div>\n\n  <div class=\"opture-fazit__content\">\n    <span class=\"opture-fazit__label\">Conclus\u00e3o<\/span>\n\n    <h3>A mensagem para os decisores<\/h3>\n\n    <p>\n      Os conflitos geopol\u00edticos j\u00e1 n\u00e3o s\u00e3o um assunto secund\u00e1rio \u2013 s\u00e3o um fator de risco estrutural. As correla\u00e7\u00f5es ajudam a quantificar essa complexidade e a traduzir em logicas de controle. Quem entende as correla\u00e7\u00f5es entende a din\u00e2mica de risco da atualidade. Quem as ignora, orienta cegamente. As correla\u00e7\u00f5es n\u00e3o devem ser vistas como uma nota matem\u00e1tica, mas como um instrumento estrat\u00e9gico.\n    <\/p>\n  <\/div>\n<\/div>\n\n<style>\n.opture-fazit {\n  position: relative;\n  display: flex;\n  align-items: flex-start;\n  gap: 20px;\n  margin-top: 40px;\n  padding: 32px 34px;\n  overflow: hidden;\n\n  background:\n    radial-gradient(circle at 95% 50%, rgba(181,9,16,.08) 0%, rgba(181,9,16,0) 34%),\n    linear-gradient(135deg,#ffffff 0%,#f8f9fb 100%);\n\n  border: 1px solid #e5e8ee;\n  border-radius: 18px;\n\n  box-shadow:\n    0 16px 40px rgba(10,16,35,.07),\n    0 4px 12px rgba(10,16,35,.03);\n}\n\n.opture-fazit::before{\n  content:\"\";\n  position:absolute;\n  top:0;\n  left:34px;\n\n  width:76px;\n  height:4px;\n\n  background:linear-gradient(90deg,#8d0b10,#cf1a21);\n  border-radius:0 0 999px 999px;\n}\n\n.opture-fazit::after{\n  content:\"\";\n  position:absolute;\n  right:-110px;\n  bottom:-120px;\n\n  width:260px;\n  height:260px;\n\n  background:radial-gradient(circle,\n  rgba(181,9,16,.08) 0%,\n  rgba(181,9,16,0) 70%);\n\n  border-radius:50%;\n}\n\n.opture-fazit__marker{\n  display:flex;\n  align-items:center;\n  justify-content:center;\n\n  flex:0 0 52px;\n  width:52px;\n  height:52px;\n\n  color:#fff;\n  font-size:24px;\n  font-weight:700;\n\n  border-radius:14px;\n\n  background:linear-gradient(145deg,#8a0b10,#cf1a21);\n\n  box-shadow:\n    0 12px 28px rgba(181,9,16,.22),\n    inset 0 1px 0 rgba(255,255,255,.2);\n\n  z-index:2;\n}\n\n.opture-fazit__content{\n  position:relative;\n  z-index:2;\n}\n\n.opture-fazit__label{\n  display:block;\n  margin-bottom:6px;\n\n  color:#b50910;\n  font-size:13px;\n  font-weight:800;\n  letter-spacing:.08em;\n  text-transform:uppercase;\n}\n\n.opture-fazit__content h3{\n  margin:0 0 12px;\n  color:#081021;\n  font-size:30px;\n  line-height:1.25;\n  font-weight:700;\n}\n\n.opture-fazit__content p{\n  margin:0;\n  max-width:1050px;\n\n  color:#4f596f;\n  font-size:17px;\n  line-height:1.75;\n}\n\n@media (max-width:767px){\n\n.opture-fazit{\npadding:24px 20px;\ngap:16px;\n}\n\n.opture-fazit::before{\nleft:20px;\n}\n\n.opture-fazit__marker{\nwidth:46px;\nheight:46px;\nfont-size:20px;\nborder-radius:12px;\n}\n\n.opture-fazit__content h3{\nfont-size:23px;\n}\n\n.opture-fazit__content p{\nfont-size:15px;\nline-height:1.65;\n}\n\n}\n<\/style>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>KORRELATIONEN IM STRESSTEST Wenn die Welt verr\u00fccktspielt, spielen die Korrelationen auch verr\u00fcckt! Warum geopolitische Schocks die Risikosteuerung neu kalibrieren. Geopolitische Konflikte \u2013 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-4682","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wenn die Welt verr\u00fccktspielt, spielen die Korrelationen auch verr\u00fcckt!\u00a0 - Opture<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/opture.com\/pt\/blog\/wenn-die-welt-verruecktspielt-spielen-die-korrelationen-auch-verrueckt\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wenn die Welt verr\u00fccktspielt, spielen die Korrelationen auch verr\u00fcckt!\u00a0 - Opture\" \/>\n<meta property=\"og:description\" content=\"KORRELATIONEN IM STRESSTEST Wenn die Welt verr\u00fccktspielt, spielen die Korrelationen auch verr\u00fcckt! 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