{"id":30138,"date":"2023-12-07T08:59:31","date_gmt":"2023-12-07T08:59:31","guid":{"rendered":"https:\/\/masterskills.org\/blog\/tach-roi-tuong-quan-decoupling-la-gi-tach-roi-tuong-quan-giua-cac-thi-truong.html"},"modified":"2023-12-23T06:12:00","modified_gmt":"2023-12-22T23:12:00","slug":"tach-roi-tuong-quan-decoupling-la-gi-tach-roi-tuong-quan-giua-cac-thi-truong","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/tach-roi-tuong-quan-decoupling-la-gi-tach-roi-tuong-quan-giua-cac-thi-truong.html","title":{"rendered":"T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan (Decoupling) l\u00e0 g\u00ec? T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Investopedia<\/p>\n<\/figcaption><\/figure>\n

T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Decoupling<\/b>.<\/p>\n

T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan<\/b> l\u00e0 thu\u1eadt ng\u1eef ch\u1ec9 hi\u1ec7n t\u01b0\u1ee3ng\u00a0l\u1ee3i nhu\u1eadn\u00a0c\u1ee7a m\u1ed9t l\u1edbp t\u00e0i s\u1ea3n d\u1ecbch chuy\u1ec3n ch\u1ec7ch kh\u1ecfi h\u01b0\u1edbng \u0111i d\u1ef1 ki\u1ebfn, \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1edfi c\u00e1c m\u00f4 h\u00ecnh t\u01b0\u01a1ng quan v\u1edbi c\u00e1c l\u1edbp t\u00e0i s\u1ea3n kh\u00e1c.\u00a0<\/p>\n

T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan di\u1ec5n ra khi c\u00e1c\u00a0l\u1edbp t\u00e0i s\u1ea3n\u00a0kh\u00e1c nhau, v\u1ed1n th\u01b0\u1eddng t\u0103ng ho\u1eb7c gi\u1ea3m c\u00f9ng nhau, b\u1eaft \u0111\u1ea7u d\u1ecbch chuy\u1ec3n theo c\u00e1c h\u01b0\u1edbng ng\u01b0\u1ee3c l\u1ea1i, ch\u1eb3ng h\u1ea1n nh\u01b0 m\u1ed9t b\u00ean t\u0103ng trong khi m\u1ed9t b\u00ean kh\u00e1c gi\u1ea3m xu\u1ed1ng. \u00a0 \u00a0\u00a0<\/p>\n

V\u00ed d\u1ee5 nh\u01b0 gi\u00e1 d\u1ea7u v\u00e0 kh\u00ed \u0111\u1ed1t t\u1ef1 nhi\u00ean th\u01b0\u1eddng t\u0103ng\/ gi\u1ea3m c\u00f9ng nhau. S\u1ef1 t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan x\u1ea3y ra khi gi\u00e1 d\u1ea7u d\u1ecbch chuy\u1ec3n theo m\u1ed9t h\u01b0\u1edbng v\u00e0 kh\u00ed t\u1ef1 nhi\u00ean d\u1ecbch chuy\u1ec3n theo h\u01b0\u1edbng ng\u01b0\u1ee3c l\u1ea1i. \u00a0\u00a0<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan \u00a0\u00a0<\/font><\/h3>\n

Trong l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01b0, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0\u00a0nh\u00e0 qu\u1ea3n l\u00ed\u00a0danh m\u1ee5c \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng s\u1eed d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p th\u1ed1ng k\u00ea t\u01b0\u01a1ng quan \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u1ed1i quan h\u1ec7 gi\u1eefa hai t\u00e0i s\u1ea3n tr\u1edf l\u00ean. \u00a0\u00a0<\/p>\n

M\u1ee9c \u0111\u1ed9 m\u1ea1nh c\u1ee7a m\u1ed1i t\u01b0\u01a1ng quan gi\u1eefa hai t\u00e0i s\u1ea3n ph\u1ee5 thu\u1ed9c v\u00e0o gi\u00e1 tr\u1ecb\u00a0h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan, th\u01b0\u1eddng n\u1eb1m trong ph\u1ea1m vi t\u1eeb -1 \u0111\u1ebfn +1. Trong \u0111\u00f3, gi\u00e1 tr\u1ecb cao h\u01a1n bi\u1ec3u th\u1ecb hai t\u00e0i s\u1ea3n c\u00f3 t\u01b0\u01a1ng quan m\u1ea1nh h\u01a1n.\u00a0\u00a0<\/p>\n

\u00a0H\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan b\u1eb1ng -1 ng\u1ee5 \u00fd r\u1eb1ng c\u00e1c t\u00e0i s\u1ea3n d\u1ecbch chuy\u1ec3n theo\u00a0h\u01b0\u1edbng ng\u01b0\u1ee3c nhau\u00a0v\u00e0 +1 c\u00f3 ngh\u0129a l\u00e0 c\u00e1c t\u00e0i s\u1ea3n s\u1ebd lu\u00f4n d\u1ecbch chuy\u1ec3n theo\u00a0c\u00f9ng m\u1ed9t h\u01b0\u1edbng. \u00a0<\/p>\n

B\u1eb1ng c\u00e1ch x\u00e1c \u0111\u1ecbnh c\u00e1c t\u00e0i s\u1ea3n n\u00e0o c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan, c\u00e1c nh\u00e0 qu\u1ea3n l\u00ed danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh b\u1eb1ng c\u00e1ch ph\u00e2n b\u1ed5 \u0111\u1ea7u t\u01b0 cho c\u00e1c t\u00e0i s\u1ea3n kh\u00f4ng t\u01b0\u01a1ng quan. \u00a0\u00a0<\/i><\/p>\n

Theo c\u00e1ch n\u00e0y, khi gi\u00e1 tr\u1ecb m\u1ed9t t\u00e0i s\u1ea3n gi\u1ea3m xu\u1ed1ng, c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00e1c trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 s\u1ebd kh\u00f4ng gi\u1ea3m theo, b\u1ea3o v\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u1ecfi t\u1ed5n th\u1ea5t qu\u00e1 l\u1edbn. \u00a0\u00a0<\/p>\n

Th\u00f4ng th\u01b0\u1eddng, c\u00e1c c\u1ed5 phi\u1ebfu trong c\u00f9ng ng\u00e0nh s\u1ebd c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan c\u00f9ng chi\u1ec1u cao, v\u00ec v\u1eady nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng k\u1ebft h\u1ee3p c\u1ed5 phi\u1ebfu t\u1eeb nhi\u1ec1u ng\u00e0nh trong danh m\u1ee5c c\u1ee7a m\u00ecnh.\u00a0 \u00a0\u00a0<\/p>\n

Khi m\u1ed9t nh\u00f3m c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 ho\u1eb7c t\u00e0i s\u1ea3n c\u00f3 t\u01b0\u01a1ng quan cao \u0111i l\u1ea1c kh\u1ecfi c\u00e1c \u0111\u1eb7c t\u00ednh t\u01b0\u01a1ng quan th\u1ed1ng th\u01b0\u1eddng c\u1ee7a ch\u00fang, th\u00ec s\u1ef1 t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan<\/b> \u0111\u00e3 di\u1ec5n ra. \u00a0\u00a0<\/p>\n

V\u00ed d\u1ee5, n\u1ebfu th\u00f4ng tin \u00e2m v\u1ec1 v\u00e0ng khi\u1ebfn m\u1ed9t s\u1ed1 c\u00f4ng ty khai th\u00e1c t\u0103ng gi\u00e1 tr\u1ecb (trong khi th\u00f4ng th\u01b0\u1eddng gi\u00e1 tr\u1ecb c\u1ee7a h\u1ecd s\u1ebd gi\u1ea3m xu\u1ed1ng), gi\u00e1 tr\u1ecb c\u00e1c c\u00f4ng ty n\u00e0y \u0111\u00e3 \u0111\u01b0\u1ee3c <\/b>t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan <\/b>v\u1edbi gi\u00e1 v\u00e0ng.\u00a0<\/p>\n

Trong th\u1ef1c t\u1ebf, t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 ch\u1ec9 hi\u1ec7n t\u01b0\u1ee3ng c\u00e1c t\u00e0i s\u1ea3n gi\u1ea3m t\u01b0\u01a1ng quan. \u00a0\u00a0<\/p>\n

T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan gi\u1eefa c\u00e1c th\u1ecb tr\u01b0\u1eddng\u00a0<\/font><\/h3>\n

C\u00e1c th\u1ecb tr\u01b0\u1eddng v\u00e0 c\u00e1c n\u1ec1n kinh t\u1ebf m\u1ed9t khi \u0111\u00e3 d\u1ecbch chuy\u1ec3n c\u00f9ng nhau, c\u0169ng c\u00f3 th\u1ec3 b\u1ecb t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan.<\/b> Cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh n\u0103m 2008 b\u1eaft \u0111\u1ea7u t\u1eeb M\u1ef9, \u0111\u00e3 lan sang ph\u1ea7n l\u1edbn c\u00e1c th\u1ecb tr\u01b0\u1eddng tr\u00ean th\u1ebf gi\u1edbi d\u1eabn \u0111\u1ebfn cu\u1ed9c suy tho\u00e1i kinh t\u1ebf to\u00e0n c\u1ea7u. \u00a0\u00a0<\/p>\n

V\u00ec c\u00e1c th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng “k\u1ebft h\u1ee3p” v\u1edbi s\u1ef1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf M\u1ef9, b\u1ea5t k\u00ec th\u1ecb tr\u01b0\u1eddng n\u00e0o \u0111i ng\u01b0\u1ee3c l\u1ea1i qu\u0129 \u0111\u1ea1o s\u1ee5t gi\u1ea3m to\u00e0n c\u1ea7u th\u1eddi \u0111i\u1ec3m n\u00e0y, \u0111\u1ec1u \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 th\u1ecb tr\u01b0\u1eddng ho\u1eb7c n\u1ec1n kinh t\u1ebf \u0111\u00e3 t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan v\u1edbi M\u1ef9. \u00a0\u00a0<\/p>\n

Sau cu\u1ed9c suy tho\u00e1i kinh t\u1ebf n\u00e0y, quan \u0111i\u1ec3m cho r\u1eb1ng c\u00e1c th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i tr\u00ean th\u1ebf gi\u1edbi \u0111\u00e3 kh\u00f4ng c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o nhu c\u1ea7u t\u1eeb M\u1ef9 \u0111\u1ec3 th\u00fac \u0111\u1ea9y t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf l\u00e0 m\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh v\u1ec1 t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan gi\u1eefa c\u00e1c n\u1ec1n kinh t\u1ebf. \u00a0\u00a0<\/i><\/p>\n

Nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch cho r\u1eb1ng m\u1ed9t s\u1ed1 th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i l\u00fac \u0111\u00f3 nh\u01b0 Trung Qu\u1ed1c, \u1ea4n \u0110\u1ed9, Nga v\u00e0 Brazil, \u0111\u00e3 chuy\u1ec3n h\u00f3a ch\u00ednh m\u00ecnh th\u00e0nh th\u1ecb tr\u01b0\u1eddng l\u1edbn ti\u00eau th\u1ee5 h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5 c\u1ee7a h\u1ecd. \u00a0\u00a0<\/p>\n

Nh\u1eefng ng\u01b0\u1eddi n\u00e0y cho r\u1eb1ng t\u00e1ch r\u1eddi t\u01b0\u01a1ng quan<\/b> cho th\u1ea5y c\u00e1c n\u1ec1n kinh t\u1ebf n\u00e0y s\u1ebd c\u00f3 th\u1ec3 ch\u1ecbu \u0111\u01b0\u1ee3c kh\u1ee7ng ho\u1ea3ng g\u00e2y ra do n\u1ec1n kinh t\u1ebf M\u1ef9 tr\u00ec tr\u1ec7. \u00a0 \u00a0 \u00a0 <\/p>\n

(Theo Investopedia)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n T\u00e1ch r\u1eddi t\u01b0\u01a1ng quan (ti\u1ebfng Anh: Decoupling) l\u00e0 thu\u1eadt ng\u1eef ch\u1ec9 hi\u1ec7n t\u01b0\u1ee3ng l\u1ee3i nhu\u1eadn c\u1ee7a m\u1ed9t l\u1edbp t\u00e0i s\u1ea3n d\u1ecbch chuy\u1ec3n ch\u1ec7ch kh\u1ecfi h\u01b0\u1edbng \u0111i d\u1ef1 ki\u1ebfn, \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1edfi c\u00e1c m\u00f4 h\u00ecnh t\u01b0\u01a1ng quan v\u1edbi c\u00e1c l\u1edbp t\u00e0i s\u1ea3n kh\u00e1c.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30138"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30138"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30138\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}