It
j 1
Pj ,0
N
100.
nj , t
j 1
|
MYmGT-
|
eG3T-!lGiumUpU!l
|
GT- ypmG
|
eOMempUK UT-
|
. y HH)l,
|
l\ i1H)l, rH cp
|
Jla
|
ep)l,
|
)l, x,
|
6JlaHa)l, :
|
|
|
|
|
|
N
It N Pj ,t .
j 1
X,O3Hp)l, yw6y cp Jla acOcH)l, yoK pHTaHH51 l\ )l,HMHi1 cpOH)l, HH)l, KcJl H)l, H 6yJl
-30 (FT-30 Share Index, Financial Times International Ordinary Index) HH)l, KcH x,HcO6Jl Ha)l,H (y 1935
i1HJl)l,aH 6epH YOn 3THJlH6 KeJl )l,H).
MYmGT- eG3T-!lGiumUpU!l GT- ypmG eOMempUK UT- l\ i1 )l, rHYa x,HcO6Jl Ha)l,H:
N P
j ,t
It N
j 1
,
Pj ,t 1
6yH)l, Pj,t-1 – l\ TJl l\OFO3Jl cpOH)l, HH)l, KcHHH x,HcO6Jl w)l, cp i1)l, JlaHHJla )l,HraH j YH KOMnaHH51 aKu,H51 HHHHr 6Hp KyH OJl)l, caB)l,O KyHH)l,a 6eJlrHJl raH Kypc 6ax,OcH.
Yw6y cp pMyJl acOcH)l, AK, cp H)l, 6O3OpH)l, l\yJlJl HJla)l, raH «B3Jl Jlai1H» (Value Line Composite Average) KOMnO3HT HH)l, KcH x,HcO6Jl 6 TOnHJla)l,H.
ff11Oe«c!l a my1amum!l «upumum MemoOu«acu
K, TJl l\ FO3Jl cp H)l, HH)l, KcHHH x,HcO6Jlaw)l,a cpOi1)l, JlaHHJla)l,HraH KOMnaHH51Jl HHHr 6O3Op)l, ax,BOJl a l\ cpOH)l, HH)l,eKcJl H x,HcO6Jl MeTO)l, MabJl M Bal\ Jlap)l, y3rapHwH MyMKHH. YJlapHHHr ax,BOJlH ai1HHl\ca 51 H aKu,H51Jl p 3MHccH51 H, aKu,H51Jl pHH Mai1)l,aJl w eKH i1HpHKJl wTHpHw (KOHcOJlH)l,au,H51Jl wTHpHw), )l,HBH)l,eH)l,Jl TyJl , KOMnaHH51Jl p pyi1x,aTHHH y3rapTHJl Ba wy Ka6H x,.K. apaeHJl )l, By y)l, KeJla)l, . VIH)l, x,HcO6Jl MeTO)l, acHra y3rapTHpHw KHpHTHw KOpnOpaTHB BOl\eaJl TabcHpH OcTH)l, 3Mac, 6aJl 6O3Op OMHJlJl H KOMnaHH51Jl aKu, 51Jl Hapx, a TabcHpH OcTH)l, aMaJlra OwHpHJla)l, .
VIH)l, x,HcO6Jl MeTO)l, a aKu, 51Jl 3MHccH51 (aKu, 51Jl Mai1)l,aJl , )l, H)l,eHJlap TyJlaw) MyHOca6aTH 6HJl H y3rapTHpHw KHpHTHw l\ i1H)l,arHYa 6yJl wH MyMKHH.
Arap HH)l, Kc aKu,H51Jl p 6ax,OcH 6yi1 O)l,)l,Hi1 ypTa apHcpMeTHK KypHHH wH)l, x,HcO6Jl Hca (MacaJl , Oy OHc HH)l, KcH), y x,OJl)l, cp Jl Max,pa H MyBOcpHl\Jl BYH KO3cpcpHu,
pOJl 6a apa)l, . YH)l,a HH)l, Kc aKu,H51Jl pHH Mai1)l,aJl w)l, H OJl)l, H Ba Kei1 HrH x,OJlJlap)l,a y3rapHwH MyMKHH 3Mac:
N
1 P 1
N
P,
j 1
j ,t
j 1
j ,t
6yH)l, P`j,t – j YH KOMnaHH51 aKu,H51Jl pHHH Mai1)l,aJl w)l, H (eKH 51 H 3MHccH51HH YHl\apHw)l,aH) Kei1 Kypc Hapx,H; 1`- MyBOcpHl\Jl wTHpyBYH KO3cpcp u, eHTHHHr 51 rH l\ i1 H.
KeJlTHpHJlraH cp MyJla)l, H MyBOcpHl\Jl BYH KO3cpcpHu, HTHHHr 1` 51 l\ i1 HH TOnHw MyMKHH, 51 H:
N
Pj,t
.
j 1
N
Pj ,t j 1
1928 i1HJl)l, Oy OHc HH)l, cHHH 30 KOMnaHH51 aKu,H51Jl 6yi1 a x,HcO6Jl YOFH)l, , yHJl a 1/30 cOHHra TeHr 6Hp x,HJl Ba3HJl p 6eJlrHJl HraH 3)l,H. Jl HH Bal\T yTHwH 6HJlaH aKu,H51Jl HH Mai1)l,aJl HHwH, l\ MaTJl l\ FO3Jl Hr 51 H 3MHccH51Jl pH Ba x,.K. cO)l, 6yJlraHJl H ca6a6JlH 1991 i1HJl KeJl Ba3H MHl\)l,OpH 1/0,505 cOHHra TeHr )l, 6 l\ 6yJl l\HJlHH)l,H.
VIH)l, 6O3Op KanHTaJlH3au,H51 6yi1 Ya ypTaYa MyTaHOcH6Jl THpHJl KaTTaJlHK (y3rapyBYaH) cHcp )l, x,HcO6Jl TOnHJl YOFH)l, (MacaJlaH, S&P-500 HH)l, KcH), aKu,H51Jl pHH Mai1)l,aJl w (51 rH 3MHccH51 aMaJl OwHpHw) HH)l, KcHH y3rapHwHra (KOMnaHH51 KanHTaJlH3au,H51 H y3rapMaraH)l,a) OJl KeJlMai1)l,H.
VIH)l,ecJl HH x,HcO6Jl w YOFH)l, HHcpOpMau,H51 cHcp THra (51 HH aHHl\Jl H, TyFpHJl H, TyJlHl\Jl rH, MHl\)l,OpH, Hycp 3JlHJl , HwOHYJlHJlHrH, y3 Bal\TH)l,aJlH JlHrH, O6beKTHBJlHJl rH )l, pa aJl Hra) ol\OpH TaJla6Jl l\ i1 Jla)l, .
VIHcpOpMau,H51HHHr cHcpaTH l\ i1H)l, rHJlap)l,a x, HaMOeH 6yJla)l,H: KOMnaHH51 Jl HHHr TaHJlaHraH TynJl MH yJl aMH (x,a MH), yJl HHHr TyFpHcH)l, rH MabJl MOTJl pHH Hycp 3JlHJl (penpe3eHTaTHBJlHJl ), KOMnaHH51Jl l\HMMaTJl l\ O3Jl TyFpHcH)l,arH HHcpOpMau,H51 HwOHYJlHJl , KOMnaHH51Jl p x,OJl HH HcpO)l, JlOBYH MOJlH51BHi1 MabJl MOTJl pHH O6beKTHBJlHJl rH Ba x,.K.
ff11 c!l 11 6up-6upu 6u!l 11 6oz!lu !l u
KeHr TaHHJl aH HH)l,eKcJl Hr cOJlHwTHpMa XapaKTepHcTHKaJl 3.2.1-YH a)l, aJl)l, KeJlTHpHJlraH.
)/{GoeG!l 3.2.1.
Do'stlaringiz bilan baham: |