When it comes to the World Cup, Brazil has won the championship more than any other nation, and the host country is also the most-favored team to win this year, according to a global survey of 120 analysts polled by Reuters.
But winning the World Cup does not seem to have much impact on the country's domestic index in the long run.
Related: TV Ratings and Twitter Show U.S. Going World Cup Crazy
"Initially, whichever country wins the tournament sees a sugar high in their domestic stock market. The majority of the initial boost typically fades after three months and the winning nation normally underperforms the global market average by about 4 percent throughout the year following the World Cup," said Leigh Drogen, founder and CEO of research firm Estimize.
This is the second time Brazil is hosting the World Cup.
The country previously hosted in 1950 when Uruguay won against Brazil in the finals. That year U.S. indexes finished up more than 17 percent.
Global consumer brands such as Coca-Cola, Johnson and Johnson, McDonald's and Visa are some of the sponsors for this year's event.
Related: World Cup 2014: A Global Growth Industry
Here's a historical look at indexes' yearly performance during the World Cup:
|
Year & Host
|
Winner
|
DJIA
|
S&P 500
|
|---|---|---|---|
| 2014 (Brazil) | ? | ? | ? |
| 2010 (South Africa) | Spain | 11.02 | 12.78 |
| 2006 (Germany) | Italy | 16.29 | 13.62 |
| 2002(S. Korea-Japan) | Brazil | -16.76 | -23.37 |
| 1998 (France) | France | 16.1 | 26.67 |
| 1994 (US) | Brazil | 2.14 | -1.54 |
| 1990 (Italy) | West Germany | -4.34 | -6.56 |
| 1986 (Mexico) | Argentina | 22.53 | 14.62 |
| 1982 (Spain) | Italy | 19.6 | 14.76 |
| 1978 (Argentina) | Argentina | -3.15 | 1.06 |
| 1974 (W. Germany) | West Germany | -27.57 | -29.72 |
| 1970 (Mexico) | Brazil | 4.82 | 0.1 |
| 1966 (England) | England | -18.94 | -13.09 |
| 1962 (Chile) | Brazil | -10.81 | -11.81 |
| 1958 (Sweden) | Brazil | 33.96 | 38.06 |
| 1954 (Switzerland) | West Germany | 43.96 | 45.02 |
| 1950 (Brazil) | Uruguay | 17.4 | 21.68 |
| 1938 (France) | Italy | 27.73 | 24.55 |
| 1934 (Italy) | Italy | 5.44 | -5.02 |
| 1930 (Uruguay) | Uruguay | -33.77 | -28.48 |
This article originally appeared in CNBC.
Read more at CNBC:
- This app says 'yo' (that's all), and has raised $1 million
- Job hunting? Hide your religion (with one exception)
- And the best commercial beer in America is...
