k\u1ef9 n\u0103ng<\/a> \u0111\u1ecdc hi\u1ec3u b\u1ea3ng gi\u00e1 th\u00ec b\u1ea1n c\u1ea7n n\u1eafm \u0111\u01b0\u1ee3c c\u00e1c th\u00f4ng tin v\u1ec1 3 ch\u1ec9 s\u1ed1 gi\u00e1 tr\u1ea7n, gi\u00e1 s\u00e0n v\u00e0 gi\u00e1 tham chi\u1ebfu. Tuy nhi\u00ean, v\u1edbi nh\u1eefng ng\u01b0\u1eddi m\u1edbi th\u00ec \u0111\u00e2y l\u00e0 m\u1ed9t b\u00e0i to\u00e1n v\u00f4 c\u00f9ng kh\u00f3 kh\u0103n. V\u1eady n\u00ean trong n\u1ed9i dung b\u00e0i vi\u1ebft n\u00e0y Vietlearn.org s\u1ebd gi\u1ea3i \u0111\u00e1p gi\u00fap b\u1ea1n c\u00e1c kh\u00e1i ni\u1ec7m gi\u00e1 tr\u1ea7n l\u00e0 g\u00ec? gi\u00e1 s\u00e0n l\u00e0 g\u00ec? C\u00e1ch ph\u00e2n bi\u1ec7t?<\/p>\n\n\n\nGi\u00e1 tr\u1ea7n l\u00e0 g\u00ec?<\/p>\n\n\n\n
Gi\u00e1 tr\u1ea7n \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 m\u1ee9c gi\u00e1 cao nh\u1ea5t m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u1eb7t l\u1ec7nh mua ho\u1eb7c b\u00e1n ch\u1ee9ng kho\u00e1n trong ng\u00e0y giao d\u1ecbch. C\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 tr\u1ea7n = gi\u00e1 tham chi\u1ebfu x (100% + bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng).<\/p>\n\n\n\n
Gi\u00e1 tham chi\u1ebfu l\u00e0 g\u00ec?<\/p>\n\n\n\n
Gi\u00e1 tham chi\u1ebfu ch\u00ednh l\u00e0 gi\u00e1 \u0111\u00f3ng c\u1eeda (ngh\u0129a l\u00e0 gi\u00e1 th\u1ef1c hi\u1ec7n c\u1ee7a l\u1ea7n kh\u1edbp l\u1ec7nh cu\u1ed1i c\u00f9ng) c\u1ee7a ng\u00e0y giao d\u1ecbch tr\u01b0\u1edbc \u0111\u00f3. \u0110\u00e2y l\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh gi\u00e1 tr\u1ea7n, gi\u00e1 s\u00e0n c\u1ee7a ng\u00e0y giao d\u1ecbch hi\u1ec7n t\u1ea1i.<\/p>\n\n\n\n
C\u00f4ng th\u1ee9c s\u1ebd \u0111\u01b0\u1ee3c t\u00ednh nh\u01b0 sau:<\/p>\n\n\n\n
HOSE HNX UPCOM<\/p>\n\n\n\n
Gi\u00e1 tham chi\u1ebfu c\u1ee7a c\u1ed5 phi\u1ebfu, ch\u1ee9ng ch\u1ec9 qu\u1ef9 \u0111ang giao d\u1ecbch ch\u00ednh l\u00e0 gi\u00e1 \u0111\u00f3ng c\u1eeda c\u1ee7a ng\u00e0y giao d\u1ecbch g\u1ea7n nh\u1ea5t tr\u01b0\u1edbc \u0111\u00f3 ( tr\u1eeb m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p \u0111\u1eb7c bi\u1ec7t) Gi\u00e1 tham chi\u1ebfu s\u1ebd \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh b\u1eb1ng gi\u00e1 \u0111\u00f3ng c\u1eeda c\u1ee7a phi\u00ean giao d\u1ecbch ng\u00e0y li\u1ec1n k\u1ec1 tr\u01b0\u1edbc \u0111\u00f3 (tr\u1eeb c\u00e1c tr\u01b0\u1eddng h\u1ee3p \u0111\u1eb7c bi\u1ec7t) Gi\u00e1 tham chi\u1ebfu ch\u00ednh l\u00e0 b\u00ecnh qu\u00e2n gia quy\u1ec1n c\u1ee7a c\u00e1c gi\u00e1 giao d\u1ecbch th\u1ef1c hi\u1ec7n theo ph\u01b0\u01a1ng th\u1ee9c kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c c\u1ee7a ng\u00e0y giao d\u1ecbch g\u1ea7n nh\u1ea5t (tr\u1eeb tr\u01b0\u1eddng h\u1ee3p \u0111\u1eb7c bi\u1ec7t)<\/p>\n\n\n\n
Gi\u00e1 s\u00e0n l\u00e0 g\u00ec?<\/p>\n\n\n\n
Gi\u00e1 s\u00e0n \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 m\u1ee9c th\u1ea5p nh\u1ea5t m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u1eb7t l\u1ec7nh mua ho\u1eb7c b\u00e1n ch\u1ee9ng kho\u00e1n trong ng\u00e0y giao d\u1ecbch. C\u00f4ng th\u1ee9c t\u00ednh gi\u00e1 s\u00e0n = gi\u00e1 tham chi\u1ebfu x (100% \u2013 bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng).<\/p>\n\n\n\n
Trong \u0111\u00f3 bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh nh\u01b0 sau:<\/p>\n\n\n\n
HOSE HNX UPCOM<\/p>\n\n\n\n
C\u1ed5 phi\u1ebfu, ch\u1ee9ng ch\u1ec9 qu\u1ef9 \u0111\u1ed1ng, ch\u1ee9ng ch\u1ec9 qu\u1ef9 ETF 7% 10% 15%<\/p>\n\n\n\n
\u0110\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu m\u1edbi \u0111\u0103ng k\u00fd giao d\u1ecbch ng\u00e0y \u0111\u1ea7u ti\u00ean v\u00e0 c\u1ed5 phi\u1ebfu kh\u00f4ng c\u00f3 giao d\u1ecbch tr\u00ean 25 phi\u00ean giao d\u1ecbch li\u00ean ti\u1ebfp, trong ng\u00e0y \u0111\u1ea7u ti\u00ean c\u1ee7a giao d\u1ecbch tr\u1edf l\u1ea1i 20% 30% 40%<\/p>\n\n\n\n
Tr\u00e1i phi\u1ebfu Kh\u00f4ng quy \u0111\u1ecbnh Kh\u00f4ng quy \u0111\u1ecbnh Kh\u00f4ng quy \u0111\u1ecbnh<\/p>\n\n\n\n
\u0110\u1ed1i v\u1edbi tr\u01b0\u1eddng h\u1ee3p tr\u1ea3 c\u1ed5 t\u1ee9c\/th\u01b0\u1edfng b\u1eb1ng c\u1ed5 phi\u1ebfu qu\u1ef9 cho c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu trong ng\u00e0y giao d\u1ecbch s\u1ebd kh\u00f4ng h\u01b0\u1edfng quy\u1ec1n. Kh\u00f4ng quy \u0111\u1ecbnh 30% Kh\u00f4ng quy \u0111\u1ecbnh<\/p>\n\n\n\n
V\u00ed d\u1ee5: Tr\u00ean s\u00e0n giao d\u1ecbch HNX, m\u00e3 ch\u1ee9ng kho\u00e1n A c\u00f3 gi\u00e1 tham chi\u1ebfu l\u00e0 23.0 (23.000 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu).<\/p>\n\n\n\n
Gi\u00e1 tr\u1ea7n = 23.0 + (10% * 23.0) = 25.3<\/p>\n\n\n\n
Gi\u00e1 s\u00e0n = 23.0 \u2013 (10% * 23.0) = 20.7<\/p>\n\n\n\n
=> Nh\u01b0 v\u1eady, b\u1ea1n ch\u1ec9 \u0111\u01b0\u1ee3c \u0111\u1eb7t l\u1ec7ch giao d\u1ecbch trong kho\u1ea3ng t\u1eeb 20.700-25.300 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu.<\/p>\n\n\n\n
Bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng l\u00e0 g\u00ec?<\/p>\n\n\n\n
Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng l\u00e0 thu\u1eadt ng\u1eef th\u1ec3 hi\u1ec7n s\u1ed1 ph\u1ea7n tr\u0103m c\u1ee7a gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 t\u0103ng ho\u1eb7c gi\u1ea3m trong m\u1ed9t phi\u00ean giao d\u1ecbch. Hi\u1ec3u m\u1ed9t c\u00e1ch \u0111\u01a1n gi\u1ea3n th\u00ec gi\u00e1 tr\u1ea7n, gi\u00e1 s\u00e0n c\u1ee7a 1 phi\u00ean giao d\u1ecbch b\u1eb1ng gi\u00e1 tham chi\u1ebfu c\u1ed9ng\/ tr\u1eeb bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng. V\u1edbi m\u1ed7i m\u1ed9t s\u00e0n s\u1ebd c\u00f3 quy \u0111\u1ecbnh bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng kh\u00e1c nhau, s\u00e0n HOSE l\u00e0 7%, s\u00e0n HNX l\u00e0 10% v\u00e0 UPCOM 15%.<\/p>\n\n\n\n
V\u00ed d\u1ee5: gi\u00e1 tham chi\u1ebfu c\u1ee7a c\u1ed5 phi\u1ebfu B tr\u00ean s\u00e0n HOSE h\u00f4m nay l\u00e0 30.000.000 VN\u0110, bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng l\u00e0 7% th\u00ec gi\u00e1 tr\u1ea7n (+7%) s\u1ebd l\u00e0 32.100.000 VN\u0110 c\u00f2n gi\u00e1 s\u00e0n (-7%) l\u00e0 28.900.000 VN\u0110.<\/p>\n\n\n\n
T\u1ea1i phi\u00ean giao d\u1ecbch \u0111\u1ea7u ti\u00ean khi m\u1ed9t c\u1ed5 phi\u1ebfu l\u00ean s\u00e0n, gi\u00e1 tham chi\u1ebfu s\u1ebd l\u00e0 gi\u00e1 tham l\u00fd thuy\u1ebft. Gi\u00e1 n\u00e0y s\u1ebd \u0111\u01b0\u1ee3c c\u00f4ng ty ch\u1ee9ng kho\u00e1n khuy\u1ebfn ngh\u1ecb d\u1ef1a tr\u00ean gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty c\u00f9ng ng\u00e0nh \u0111\u00e3 ni\u00eam y\u1ebft tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 \u0111\u01b0\u1ee3c s\u1ef1 \u0111\u1ed3ng \u00fd c\u1ee7a S\u1edf giao d\u1ecbch. \u0110\u1ec3 h\u1ea1n ch\u1ebf t\u00ecnh tr\u1ea1ng gi\u00e1 tham chi\u1ebfu l\u00fd thuy\u1ebft kh\u00f4ng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u00e1ng n\u00ean bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng cho l\u1ea7n ni\u00eam y\u1ebft \u0111\u1ea7u ti\u00ean s\u1ebd l\u1edbn h\u01a1n b\u00ecnh th\u01b0\u1eddng. Gi\u00e1 s\u00e0n HOSE l\u00e0 20%, s\u00e0n HNX l\u00e0 30% v\u00e0 UPCOM l\u00e0 40%.<\/p>\n\n\n\n
Th\u1ecb gi\u00e1 l\u00e0 g\u00ec?<\/p>\n\n\n\n
Th\u1ecb gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 t\u00ean g\u1ecdi ti\u1ebfng anh l\u00e0 stock price. Ngo\u00e0i ra ch\u00fang c\u00f2n c\u00f3 t\u00ean g\u1ecdi kh\u00e1c l\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu. \u0110\u00e2y l\u00e0 gi\u00e1 giao d\u1ecbch, mua b\u00e1n c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u00e0o m\u1ed9t th\u1eddi \u0111i\u1ec3m x\u00e1c \u0111\u1ecbnh. Th\u1ecb gi\u00e1 s\u1ebd bi\u1ebfn \u0111\u1ed9ng theo th\u1eddi gian, ph\u1ee5 thu\u1ed9c v\u00e0o nhi\u1ec1u y\u1ebfu t\u1ed1 nh\u01b0 s\u1ef1 t\u0103ng tr\u01b0\u1edfng\/suy tho\u00e1i c\u1ee7a c\u00f4ng ty c\u1ed5 ph\u1ea7n, t\u00ecnh h\u00ecnh ch\u00ednh tr\u1ecb hay l\u00e3i su\u1ea5t th\u1ecb tr\u01b0\u1eddng,\u2026<\/p>\n\n\n\n
Th\u1ecb gi\u00e1 c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 b\u1eb1ng\/th\u1ea5p ho\u1eb7c cao h\u01a1n m\u1ec7nh gi\u00e1 v\u00e0 gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch c\u1ee7a c\u1ed5 phi\u1ebfu. Do c\u1ed5 phi\u1ebfu c\u00f3 nhi\u1ec1u l\u1ee3i t\u1ee9c kh\u00f4ng c\u1ed1 \u0111\u1ecbnh m\u00e0 ph\u1ee5 thu\u1ed9c v\u00e0o l\u1ee3i nhu\u1eadn thu \u0111\u01b0\u1ee3c c\u1ee7a c\u00f4ng ty c\u1ed5 ph\u1ea7n, ch\u00ednh s\u00e1ch chi tr\u1ea3 n\u00ean c\u00f3 m\u1ee9c \u0111\u1ed9 r\u1ee7i ro kh\u00e1 cao. \u0110\u00e2y c\u0169ng ch\u00ednh l\u00e0 l\u00fd do v\u00ec sao gi\u00e1 c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng li\u00ean t\u1ee5c bi\u1ebfn \u0111\u1ed9ng.<\/p>\n\n\n\n
Quy t\u1eafc l\u00e0m tr\u00f2n gi\u00e1 tr\u1ea7n gi\u00e1 s\u00e0n<\/p>\n\n\n\n
Theo quy \u0111\u1ecbnh th\u00ec bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng c\u1ee7a s\u00e0n HOSE l\u00e0 7%, s\u00e0n HNX l\u00e0 10% v\u00e0 UPCOM 15% n\u00ean khi tham chi\u1ebfu th\u00ec bi\u00ean \u0111\u1ed9 dao \u0111\u1ed9ng s\u1ebd l\u00e0 s\u1ed1 l\u1ebb. V\u1eady n\u00ean ch\u00fang ta c\u00f3 nguy\u00ean t\u1eafc l\u00e0m tr\u00f2n gi\u00e1 tr\u1ea7n v\u00e0 gi\u00e1 s\u00e0n nh\u01b0 sau:<\/p>\n\n\n\n
V\u00ed d\u1ee5: C\u1ed5 phi\u1ebfu BVH tr\u00ean s\u00e0n Horse c\u00f3 gi\u00e1 tham chi\u1ebfu 79.800 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu.<\/p>\n\n\n\n
Bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng c\u1ee7a s\u00e0n HOSE l\u00e0 7% t\u01b0\u01a1ng \u1ee9ng l\u00e0 5,586. Theo c\u00f4ng th\u1ee9c th\u00ec gi\u00e1 tr\u1ea7n s\u1ebd l\u00e0 79.80(1+7%) = 85.386 v\u00e0 gi\u00e1 s\u00e0n l\u00e0 79.80<\/em>(1-7%) = 74.214.<\/p>\n\n\n\nGi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a BVH l\u1edbn h\u01a1n 50.000 \u0111\u1ed3ng\/c\u1ed5 phi\u1ebfu n\u00ean b\u01b0\u1edbc gi\u00e1 m\u1ed7i l\u1ea7n nh\u1ea3y ph\u1ea3i chia h\u1ebft cho 100 v\u00e0 gi\u00e1 s\u00e0n, gi\u00e1 tr\u1ea7n c\u0169ng kh\u00f4ng ph\u1ea3i l\u00e0 ngo\u1ea1i l\u1ec7. Hai gi\u00e1 tr\u1ecb 5.500 v\u00e0 5.600 th\u1ecfa m\u00e3n \u0111i\u1ec1u ki\u1ec7n chia h\u1ebft cho 100. M\u1ed9t quy \u0111\u1ecbnh kh\u00e1c \u0111\u00f3 ch\u00ednh l\u00e0 gi\u00e1 tr\u1ecb bi\u00ean \u0111\u1ed9 giao \u0111\u1ed9ng khi \u0111\u01b0\u1ee3c l\u00e0m tr\u00f2n s\u1ebd kh\u00f4ng l\u1edbn h\u01a1n gi\u00e1 tr\u1ecb so v\u1edbi ban \u0111\u1ea7u v\u1eady n\u00ean 5.500 l\u00e0 th\u00edch h\u1ee3p nh\u1ea5t =>> gi\u00e1 tr\u1ea7n c\u1ee7a BVH s\u1ebd l\u00e0 79.800+5.500= 85.300 v\u00e0 gi\u00e1 s\u00e0n 79.800-5.500 = 74.300.<\/p>\n\n\n\n
Hy v\u1ecdng v\u1edbi c\u00e1c chia s\u1ebb tr\u00ean \u0111\u00e2y, ph\u1ea7n n\u00e0o s\u1ebd gi\u00fap b\u1ea1n hi\u1ec3u v\u00e0 gi\u1ea3i th\u00edch \u0111\u01b0\u1ee3c kh\u00e1i ni\u1ec7m gi\u00e1 tr\u1ea7n l\u00e0 g\u00ec? gi\u00e1 s\u00e0n l\u00e0 g\u00ec? c\u0169ng nh\u01b0 c\u00f4ng th\u1ee9c t\u00ednh, c\u00e1ch l\u00e0m tr\u00f2n. \u0110\u1ec3 c\u00f3 th\u00eam nhi\u1ec1u th\u00f4ng tin h\u1eefu \u00edch kh\u00e1c, h\u00e3y truy c\u1eadp ngay website Vietlearn.org \u0111\u1ec3 t\u00ecm hi\u1ec3u nh\u00e9!<\/p>\n\n\n\n
<\/p>\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"
Ghi ch\u00fa: T\u00e0i li\u1ec7u tr\u00edch d\u1eabn \u0110\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n t\u00e0i ba b\u00ean c\u1ea1nh c\u00e1c k\u1ef9 n\u0103ng \u0111\u1ecdc hi\u1ec3u b\u1ea3ng gi\u00e1 th\u00ec b\u1ea1n c\u1ea7n n\u1eafm \u0111\u01b0\u1ee3c c\u00e1c th\u00f4ng tin v\u1ec1 3 ch\u1ec9 s\u1ed1 gi\u00e1 tr\u1ea7n, gi\u00e1 s\u00e0n v\u00e0 gi\u00e1 tham chi\u1ebfu. Tuy nhi\u00ean, v\u1edbi nh\u1eefng ng\u01b0\u1eddi m\u1edbi th\u00ec \u0111\u00e2y l\u00e0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_disable_autopaging":false},"categories":[14],"tags":[],"class_list":["post-3480","post","type-post","status-publish","format-standard","hentry","category-marketing"],"_links":{"self":[{"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/posts\/3480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/comments?post=3480"}],"version-history":[{"count":0,"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/posts\/3480\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/media?parent=3480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/categories?post=3480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vietlearn.org\/kien-thuc\/wp-json\/wp\/v2\/tags?post=3480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}