Riesgo Común y Riesgo Independiente Diversificación de Carteras de Acciones

 

‑G×C JBA @ENBIZBIGPEC JBA XBPÛ ; 088 G×C^ JB EIJBXBIJBINEG” G ×C^ RIE\BP^EJGJ XBPRGIG AC^ GIJB^ LGNRAZGJ JB NEBINEG^ GJMEIE^ZPGZE\ LGNRAZ GJMEIE^ZPGZE\G^ G^ U NCIZG@AB^ NGPPBPG XPCLB^ECIGA JB NCIZG@EAEJGJ U LEIGI[G^

PEB^DC NCMÛI U PEB^DC EIJBXBIJEBIZB JE\BP^ELENGNEÞI JB NGPZBPG^ JB GNNECIB^ JJCNBIZBCNBI; Jr. PGLGBA KB^R^ LBPIGIJB[ KGEMB

 

 

PEB^DC NCMÛI U PEB^DC EIJBXBIJEBIZB JE\BP^ELENGNEÞI JB NGPZBPG^ JB GNNECIB^

 

WRB B^ BA PEB^DC Bi ligizgs, ba ncinbptc jb rebsdc sb rbagnecig nci ags pårjejgs pctbinegabs qub sb pubjbi surer bi ui pcrtgcaec jb eivbrseþi, jb`ejc g ag vcagaejgj jb acs ukcs liginebrcs ic bspbrgjcs.

Ag mbjeneþi bbnvg y nugitgvg nugitgv g jba rebsdc sb gscneg nci ag prc`g`eaejgj jb uig pårjejg bi ba uturc.

Ag bsbineg jb ag gjmeiestrgneþi jb rebsdcs ncisestb bi mbjer bsgs prc`g`eaejgjbs bi ncitbxtcs jb einbrjum`rb

 

PEB^DC  NCMRI

PEB^DC ^E^ZBMGZENC

Ba rebsdc sestbmçtenc bs ba rebsdc ngusgjc pcr lgntcrbs mgnrcbnciþmencs qub glbntgi ag bncicmíg y qub ags bmprbsgs c acs eivbrscrbs ic pubjbi

Glbntg jerbntgmbitb g g ags gnnecibs jb ag ngrtbrg

ncitrcagr. Ncmc rbsuatgjc jb bstb rebsdc, acs rbijemebitcs c`tbiejcs jb eivbrsecibs rebsdcsgs launtugrçi.

Pebsdcs bstçi veinuagjcs

qub bs ba rebsdc qub tebib uig bmprbsg bi ncinrbtc pcr ba mctevc qub sbg (ibdcnec, jbujg, bspbnuagneþi, vcagteaejgj…).

bs ba rebsdc eiobrbitb ga prcpec mbrngjc pcr ag einbrtejum`rb jb åstb y qub glbntg bi mgycr c mbicr drgjc g tcjcs acs gntevcs bxestbitbs bi ag bncicmíg.

 

PEB^DC ^E^ZBMG ^E^ZBMGZENC ZENC • Bs gquba rebsdc qub bs empcse`ab jb jevbrselengr, guiqub tbidgmcs munocs gntevcs jelbrbitbs bi ag ngrtbrg. Ri rebsdc sestbmçtenc pcr bkbmpac, bs ui tbrrbmctc jb drgi mgdietuj c ui gtgqub tbrrcrestg. • Bi bstcs ngscs, acs mbrngjcs sulrbi ui mcmbitc jb pçienc vbijbjcr ncitrg ba qub ic sb pubjb ognbr igjg.

• Xcr bkbmpac, ³nuga pubjb sbr ba rebsdc jb ags gnnecibs jb Pbiguat36 pubs ncmc pcjrçi supcibr, gjbmçs jba prcpec rebsdc jb mbrngjc jb uig gnneþi bstçijgr, Pbiguat tebib ui rebsdc ncinrbtc bi ba tbmg jb ags bmesecibs jb NC0 pcr bkbmpac6 ³Nuga bs ba rebsdc jb ^cnebtb Dbibrga36 pubs bi bstb ngsc, ui rebsdc ncinrbtc pcjríg sbr ui iûmbrc babvgjc jb oepctbngs empgdgjgs, pcr bkbmpac. • Bstb tepc jb rebsdc Ic sestbmçtenc, sb pubjb meiemezgr nci ag jevbrselengneþi, tbiebijc ui iumbrc vgregjc jb bmprbsgs jb jesteitcs sbntcrbs bnciþmencs, pcr bkbmpac.

 

³Wuå bs ba Pebsdc se stbmçnc3

• Ba rebsdc sestbmçnc, tgm`eåi ncicnejc ncmc "rebsdc jb mbrngjc" c "rebsdc ic jevbrselng`ab", bidac`g ga ncikuitc jb lgntcrbs bnciþmencs, mcibtgrecs, pcaíncs y scnegabs qub prcvcngi ags vgregnecibs jb ag rbitg`eaejgj jb ui gnvc. jbacs bstcs gntcrbs pubjbi uig dubrrg, rbnbseþi, • Bkbmpacs ngm`ecs bi pcs jb eitbrås c ag sbr eitbrvbineþi jbauig `ginc nbitrga jb turic bi ag bncicmíg. Zcjgs bstgs nernuistginegs pubjbi vgregr ags bxpbntgvgs jb rbitg`eaejgj qub tbidgi acs eivbrscrbs sc`rb acs gnvcs, bi qubsus sci acs qub bi ûamg eistgineg ngusgi agsc g vgregnecibs prbnecs nugijc sb agizgi g ncmprgracs vbijbracs.

 

PEB^DC EIJBXBIJEBIZB

PEB^DC IC ^E^ZBMGZENC

Ic bib rbagneþi nci ag ctrg

Ba rbsuatgjc jb uic ic prcpcrnecig eicrmgneþi sc`rb ba ctrc

 

Bkbmpac jb jevbrsengneþi jb ngrtbrg

• ^e sb agizg uig mcibjg ga gerb y sb gpubstg x ngitejgj sc`rb su rbsuatgjc, bxestb ba rebsdc jb dgigr ui empcrtb eduga g ac eivbrtejc c pbrjbr p brjbr ag eivbrseþi bi su tctgaejgj. • Nuga sbrç mbics rebsdcsc • G) agizgr ag mcibjg 7 vbz y gpcstgr 788 jþagrbs • @) agizgr ag mcibjg 788 vbnbs y gpcstgr 7 jþagr ngjg vbz.

 

³UbaPebsdcIcsestbmçnc3

• Ba rebsdc

ic sestbmçnc, tgm`eåi ncicnejc ncmc "rebsdc jevbrselng`ab", bidac`g ga ncikuitc jb lgntcrbs prcpecs jb uig bmprbsg c eijustreg, y qub gbntgi scac g ag rbitg`eaejgj jb su gnneþi c `cic.

• Bi ctrgs pgag`rgs, ba rebsdc ic sestbmçnc surdb jb ag einbrjum`rb qub rcjbg g uig bmprbsg pcr ba jbsgrrcaac jb su ibdcnec, yg sbg pcr ags prcpegs nernuistginegs jb ag bmprbsg c pcr ags jba sbntcr ga qub pbrtbibzng. Bkbmpacs jb bstcs gncitbnemebitcs pubjbi sbr uics mgacs rbsuatgjcs bmprbsgregabs, ag lrmg jb ui drgi ncitrgtc, uics jgtcs jb vbitgs pbcr jb ac bspbrgjc, ui iubvc prcjuntc jb ag ncmpbtbineg, jbsnu`remebitc jb rgujb jbitrc jb ag bmprbsg, uig mgag jb dbsþi jb sus jerbnvcs, btn.

 

• Pebsdc bspbnínc; Gquba rebsdc prcpec jb ngjg gnvc, bspbnuagneþi bi

JELBPBINEG^ • Pebsdc sestbmçnc; Bs gquba qub gbntg tcjcs acs gnvcs pcr eduga b eijbpbijebitbmbitb jb su ngtbdcríg, yg qub sci gntcrbs bxtbrics y pcr ac tgitc guiqub jevbrselqubmcs iubstrg ngrtbrg ic vgmcs g ncisbduer baemeigr. ^b trgtg jb ac rebsdcs ncmc pcr bkbmpac ag eibstg`eaejgj pcaíng, ag kuresjenneþi jb ngjg pgís, gntcrbs igturgabs, btn.

• Ba rebsdc sestbmçnc sb rbagnecig nci ag pcse`eaejgj rbagnecigjg nci ba mbrngjc c sbdmbitc jb mbrngjc bi su ncikuitc.

pcr bkbmpac ag ags jevesgs, acs

jbrrum`bs jb ags `casgs….bstb rebsdc, g jebrbineg jba gitbrecr, bs pcse`ab jesmeiuerac nci uig gjbnugjg jevbrselngneþi jb ngrtbrgs. ic sestbmçnc sb rbagnecig • Ba ncirebsdc ba rebsdc rbagnecigjc nci uig sbdurejgj, bmprbsg c eijustreg bi pgrnuagr.

• Lgntcrbs eitbrics

 

• Lgntcrbs bxtbrics

JE\BP^ELENGNECI JB NGPZBPG^ JB GNECIB^

•

^b ncicnb ncmc ba prcnbsc pcr ba nuga ag bmprbsg pgsg g clbrtgr iubvcs prcjuntcs y bitrg g iubvcs mbrngjcs, pcr ag vejg jb ags gjquesejcrbs ncrpcrgtevgs c eivertebijc jerbntgmbitb bi iubvcs ibdcnecs

JE\BP^ELENGNECI

JE\BP^ELEGNECI JB NGPZBPG •

 

•

Jevbrselengr uig ngrtbrg bs uig tånieng jb eivbrseþi qub ncisestb bi ncmpcibr ag ngrtbrg nci ngrtbrg  nci jesteitcs tepcs jb gntevcs nci ba c`kbtevc preinepga

Xgrg jevbrselengr y rbjuner rebsdcs ncrrbntgmbitb ogy qub sbpgrgr ags eivbrsecibs bi rbitg lekg c vgreg`ab, y babder jesteitcs tepcs jb jbujg y gnnecibs, bstg jestre`uneþi rbjunb ags pcse`eaejgjbs jb pårjejg y gtbiûg acs vgevbibs jba

rbjuner acs rebsdcs igturgabs jb ag eivbrseþi. eivbrseþi .

mbrngjc

JEBP^ELENGP NCPPBNZGMBIZB

 

LGNZCPB^GZBIBPBI NRBIZGXGPGJE\BP^ELENGP

• Rig jb ags mbkcrbs lcrmgs jb jevbrselengr uig ngrtbrg bi ncitgr nci gntevcs nci jelbrbitbs drgjcs jb jb aequejbz,  aequejbz, rebsdc, ncmpabkejgj  ncmpabkejgj y jurgneþi tbmpcrga, jb bstg mgibrg, ics gsbdurgmcs qub bi ngsc jb qub uig jb iubstrgs cpnecibs ngedg bi pengjc, sb pubjgi ncmpbisgr nci ags eivbrsecibs rbgaezgjgs bi ctrcs sbntcrbs.

 

NCINAR^ECIB^ sest bmçtenc ic sb pubjb Jbitrc jb uig ngrtbrg jb eivbrseþi, ba rebsdc sestbmçtenc baemeigr,, pbrc sí sb pubjb rbjuner jestre`uyåijcag bitrb mbrngjcs baemeigr m brngjcs jelbrbitbs, yg sbg pcr zcig dbcdrçleng (BBRR, Burcpg, btn.) btn. ) c pcr tepc jb gntevc (rbitg vgreg`ab, rbitg lekg, lekg, btn.) sc`rb tcjc se s e tebibi pcng ncrrbagneþi bitrb baacs. Ba rebsdc qub sb pubjb baemeigr bi uig ngrtbrg jb eivbrseþi bs ba rebsdc ic sestbmçtenc, y ag mbkcr m bkcr mgibrg jb ognbrac bs ncmc jenb Teaaegm K. @bristbei, ncmprgijcbambrngjcbitbrc. ^e bnogs ui vestgzc g me ngrtbrg, ngrtbrg, ncmprc`grçs qub nci gpbigs bslubrzc mgtc jcs pçkgrcs jb ui terc. Xcr uig pgrtb rbjuznc ba rebsdc sestbmçtenc jestre`uyåijcag bitrb vgrecs vgrecs gntevcs bi luineþi jb su zcig dbcdrçleng, y pcr ctrg, baemeic ba rebsdc ic sestbmçtenc ncmprgijc ngjg uic jb acs mbrngjcs, tcjc baac ac ncisedc l crmg nþmcjg y sbineaag ognebijc usc jb lcijcseijbxgjcs lcijcseijbxgjcs. . jb uig lcrmg

 

B@CPGNECI XCP AG^ GARMIG^