{"id":30958,"date":"2023-12-07T10:03:01","date_gmt":"2023-12-07T10:03:01","guid":{"rendered":"https:\/\/masterskills.org\/blog\/he-so-beta-tai-san-asset-beta-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T07:24:20","modified_gmt":"2023-12-23T00:24:20","slug":"he-so-beta-tai-san-asset-beta-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/he-so-beta-tai-san-asset-beta-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n (Asset Beta) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Fingyan.com<\/p>\n<\/div>\n<\/div>\n

H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 asset beta<\/b> hay unlevered beta<\/b>.<\/p>\n

H\u1ec7 s\u1ed1 beta<\/b> l\u00e0 m\u1ed9t th\u01b0\u1edbc \u0111o \u0111\u1ed9 r\u1ee7i ro c\u1ee7a th\u1ecb tr\u01b0\u1eddng. H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/b> l\u00e0 th\u01b0\u1edbc \u0111o \u0111\u1ed9 r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u00f4ng ty khi kh\u00f4ng c\u00f3 \u1ea3nh h\u01b0\u1edfng t\u1eeb c\u00e1c kho\u1ea3n n\u1ee3. H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n b\u1ecf qua nh\u1eefng \u1ea3nh h\u01b0\u1edfng t\u00e0i ch\u00ednh t\u1eeb vi\u1ec7c s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y v\u00e0 ch\u1ec9 t\u00ednh \u0111\u1ebfn nh\u1eefng r\u1ee7i ro xu\u1ea5t ph\u00e1t t\u1eeb t\u00e0i s\u1ea3n c\u1ee7a c\u00f4ng ty. Hay n\u00f3i c\u00e1ch kh\u00e1c l\u00e0 v\u1ed1n c\u1ee7a c\u00f4ng ty \u0111\u00f3ng vai tr\u00f2 nh\u01b0 th\u1ebf n\u00e0o trong \u0111\u1ed9 r\u1ee7i ro c\u1ee7a c\u00f4ng ty.<\/p>\n

C\u00f4ng th\u1ee9c t\u00ednh h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/font><\/h3>\n
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C\u00f4ng th\u1ee9c t\u00ednh h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/p>\n<\/div>\n<\/div>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/font><\/h3>\n

H\u1ec7 s\u1ed1 beta l\u00e0 h\u1ec7 s\u1ed1 \u0111\u1ed9 d\u1ed1c c\u1ee7a m\u1ed9t ch\u1ee9ng kho\u00e1n h\u1ed3i quy so v\u1edbi nh\u1eefng ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng chu\u1ea9n nh\u01b0 S&P 500 Index. Y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh ch\u00ednh c\u1ee7a h\u1ec7 s\u1ed1 beta l\u00e0 \u0111\u00f2n b\u1ea9y – t\u1ec9 l\u1ec7 n\u1ee3 tr\u00ean v\u1ed1n c\u1ee7a m\u1ed9t c\u00f4ng ty. H\u1ec7 s\u1ed1 beta \u0111o l\u01b0\u1eddng m\u1ee9c r\u1ee7i ro c\u1ee7a m\u1ed9t c\u00f4ng ty v\u1edbi c\u1ea5u tr\u00fac n\u1ee3 v\u00e0 v\u1ed1n nh\u1ea5t \u0111\u1ecbnh so v\u1edbi \u0111\u1ed9 dao \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. D\u1ea1ng h\u1ec7 s\u1ed1 beta c\u00f2n l\u1ea1i \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/b>.<\/p>\n

H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/b> b\u1ecf qua m\u1ecdi l\u1ee3i \u00edch v\u00e0 thi\u1ec7t h\u1ea1i \u0111\u1ebfn t\u1eeb n\u1ee3 trong c\u1ea5u tr\u00fac v\u1ed1n c\u1ee7a c\u00f4ng ty. Vi\u1ec7c so s\u00e1nh h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n c\u1ee7a c\u00e1c c\u00f4ng ty v\u1edbi nhau gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 bi\u1ebft \u0111\u01b0\u1ee3c th\u00e0nh ph\u1ea7n r\u1ee7i ro \u0111\u01b0\u1ee3c \u01b0\u1edbc t\u00ednh khi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t c\u1ed5 phi\u1ebfu.<\/p>\n

T\u1ec9 l\u1ec7 n\u1ee3 c\u1ee7a m\u1ed9t c\u00f4ng ty \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty \u0111\u00f3 v\u00e0 l\u00e0m cho gi\u00e1 c\u1ed5 phi\u1ebfu d\u1ec5 bi\u1ebfn \u0111\u1ed9ng h\u01a1n. V\u00ec nh\u1eefng c\u00f4ng ty kh\u00e1c nhau c\u00f3 c\u01a1 c\u1ea5u v\u1ed1n v\u00e0 t\u1ec9 l\u1ec7 n\u1ee3 kh\u00e1c nhau n\u00ean \u0111\u1ec3 so s\u00e1nh gi\u1eefa c\u00e1c c\u00f4ng ty hay gi\u1eefa c\u00f4ng ty v\u1edbi th\u1ecb tr\u01b0\u1eddng hi\u1ec7u qu\u1ea3 h\u01a1n th\u00ec ng\u01b0\u1eddi ph\u00e2n t\u00edch c\u00f3 th\u1ec3 t\u00ednh h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n. B\u1eb1ng c\u00e1ch t\u00ednh n\u00e0y, ch\u1ec9 \u0111\u1ed9 nh\u1ea1y c\u1ea3m gi\u1eefa t\u00e0i s\u1ea3n c\u1ee7a c\u00f4ng ty v\u1edbi th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eadp \u0111\u1ebfn.<\/p>\n

H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n<\/b> lu\u00f4n b\u1eb1ng ho\u1eb7c th\u1ea5p h\u01a1n h\u1ec7 s\u1ed1 beta (tr\u1eeb nh\u1eefng tr\u01b0\u1eddng h\u1ee3p hi\u1ebfm hoi khi n\u1ee3 c\u1ee7a c\u00f4ng ty l\u00e0 s\u1ed1 \u00e2m th\u00ec h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n s\u1ebd cao h\u01a1n h\u1ec7 s\u1ed1 beta).<\/p>\n

N\u1ebfu h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n l\u00e0 s\u1ed1 d\u01b0\u01a1ng th\u00ec nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty \u0111\u00f3 khi gi\u00e1 c\u00f3 k\u00ec v\u1ecdng t\u0103ng. N\u1ebfu h\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n l\u00e0 s\u1ed1 \u00e2m th\u00ec nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty \u0111\u00f3 khi gi\u00e1 c\u00f3 k\u00ec v\u1ecdng gi\u1ea3m.<\/p>\n

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

\n H\u1ec7 s\u1ed1 beta t\u00e0i s\u1ea3n (ti\u1ebfng Anh: Asset beta) l\u00e0 th\u01b0\u1edbc \u0111o \u0111\u1ed9 r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng c\u1ee7a c\u00f4ng ty khi kh\u00f4ng c\u00f3 \u1ea3nh h\u01b0\u1edfng t\u1eeb c\u00e1c kho\u1ea3n n\u1ee3.\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\/30958"}],"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=30958"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30958\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}