Giá đóng cửa Thay đổi

STT Ngày VNIndex HSG HPG MBB VNIndex HSG HPG MBB
1 20201021 939.03 15.2 29.1 18.55 -0.57% -2.56% -0.85% -0.80%
2 20201020 944.42 15.6 29.35 18.7 0.08% 6.48% 1.56% 2.47%
3 20201019 943.69 14.65 28.9 18.25 0.04% -2.66% -0.69% 2.24%
4 20201016 943.3 15.05 29.1 17.85 0.06% -0.33% 0.17% 1.42%
5 20201015 942.76 15.1 29.05 17.6 0.27% 0.00% 2.47% -0.28%
6 20201014 940.18 15.1 28.35 17.65 1.11% -1.63% 1.25% 0.86%
7 20201013 929.86 15.35 28 17.5 0.44% -2.85% -0.88% -0.28%
8 20201012 925.83 15.8 28.25 17.55 0.20% 0.64% -0.88% 0.00%
9 20201009 924 15.7 28.5 17.55 0.56% -0.32% 1.42% -0.57%
10 20201008 918.84 15.75 28.1 17.65 -0.10% -0.32% 1.08% 0.28%
11 20201007 919.72 15.8 27.8 17.6 0.44% 0.32% -1.59% -1.40%
12 20201006 915.67 15.75 28.25 17.85 0.11% 1.94% 3.29% 0.85%
13 20201005 914.68 15.45 27.35 17.7 0.52% 0.00% 2.43% -10.83%
14 20201002 909.91 15.45 26.7 19.85 -0.46% -2.22% -1.11% 0.00%
15 20201001 914.09 15.8 27 19.85 0.98% 0.96% 2.27% 0.51%
16 20200930 905.21 15.65 26.4 19.75 -0.01% 2.96% 0.19% 0.51%
17 20200929 905.28 15.2 26.35 19.65 -0.79% -5.59% -0.19% -1.75%
18 20200928 912.5 16.1 26.4 20 0.47% 5.57% 2.52% 2.04%
19 20200925 908.27 15.25 25.75 19.6 -0.03% 2.01% 0.39% 0.00%
20 20200924 908.58 14.95 25.65 19.6 -0.43% 5.28% -0.58% 2.08%
21 20200923 912.5 14.2 25.8 19.2 0.70% 0.00% 0.98% 0.00%
22 20200922 906.19 14.2 25.55 19.2 -0.19% 2.16% -0.58% 0.79%
23 20200921 907.94 13.9 25.7 19.05 0.78% -2.11% 0.00% 1.60%
24 20200918 900.95 14.2 25.7 18.75 0.77% 5.58% 1.18% 3.59%
25 20200917 894.04 13.45 25.4 18.1 -0.38% -2.54% 2.83% 0.00%
26 20200916 897.47 13.8 24.7 18.1 0.14% 6.15% 0.00% 0.00%
27 20200915 896.26 13 24.7 18.1 0.19% 2.36% 0.41% -0.28%
28 20200914 894.57 12.7 24.6 18.15 0.63% 6.72% 0.61% 1.68%
29 20200911 888.97 11.9 24.45 17.85 0.02% 0.42% -0.41% 0.28%
30 20200910 888.82 11.85 24.55 17.8 -0.06% -1.66% 0.20% 0.28%
31 20200909 889.32 12.05 24.5 17.75 -0.09% 3.43% -0.61% -0.28%
32 20200908 890.14 11.65 24.65 17.8 0.21% 0.87% 0.61% 0.56%
33 20200907 888.25 11.55 24.5 17.7 -1.47% -2.53% -1.80% -1.94%
34 20200904 901.54 11.85 24.95 18.05 -0.27% -0.84% -0.20% -0.82%
35 20200903 903.97 11.95 25 18.2 1.37% 1.27% 0.81% 0.55%
36 20200901 891.73 11.8 24.8 18.1 1.14% 4.42% 1.02% 0.84%
37 20200831 881.65 11.3 24.55 17.95 0.30% -0.88% 1.03% 0.28%
38 20200828 878.98 11.4 24.3 17.9 0.49% -2.15% 0.00% 0.00%
39 20200827 874.71 11.65 24.3 17.9 0.14% 0.43% 0.41% 0.00%
40 20200826 873.47 11.6 24.2 17.9 -0.07% -0.85% -1.43% -0.83%
41 20200825 874.12 11.7 24.55 18.05 0.63% -0.85% -1.01% 1.40%
42 20200824 868.68 11.8 24.8 17.8 1.63% 1.29% 1.85% 2.89%
43 20200821 854.78 11.65 24.35 17.3 0.77% 1.30% 1.04% 1.47%
44 20200820 848.21 11.5 24.1 17.05 -0.35% -0.43% -0.62% 0.00%
45 20200819 851.21 11.55 24.25 17.05 0.56% -0.43% 0.41% 0.29%
46 20200818 846.43 11.6 24.15 17 -0.44% 2.20% -0.62% -0.58%
47 20200817 850.15 11.35 24.3 17.1 -0.07% 1.34% 0.83% -0.29%
48 20200814 850.74 11.2 24.1 17.15 -0.50% -1.75% -1.63% 1.18%
49 20200813 855.05 11.4 24.5 16.95 0.96% 1.33% 0.82% 0.59%
50 20200812 846.92 11.25 24.3 16.85 0.46% -1.32% 0.21% 2.12%
51 20200811 843.08 11.4 24.25 16.5 -0.01% 0.00% -0.21% 0.30%
52 20200810 843.2 11.4 24.3 16.45 0.21% 1.79% 0.41% 0.92%
53 20200807 841.46 11.2 24.2 16.3 0.17% 4.67% 0.62% -0.31%
 54 20200806 840.04 10.7 24.05 16.35 0.27% 0.47% -0.21% -1.21%
55 20200805 837.8 10.65 24.1 16.55 1.24% 2.90% 4.78% 0.91%
56 20200804 827.57 10.35 23 16.4 1.59% 1.97% 0.44% 1.23%
57 20200803 814.65 10.15 22.9 16.2 2.04% 6.84% 5.53% 2.86%
58 20200731 798.39 9.5 21.7 15.75 -0.34% -4.33% -1.81% -0.63%
59 20200730 801.13 9.93 22.1 15.85 1.30% 1.02% 1.61% 1.28%
60 20200729 790.84 9.83 21.75 15.65 -2.77% -5.48% -20.48% -3.99%
61 20200728 813.36 10.4 27.35 16.3 3.59% 7.00% 5.39% 6.19%
62 20200727 785.17 9.72 25.95 15.35 -5.31% -6.99% -3.35% -6.97%
63 20200724 829.16 10.45 26.85 16.5 -3.22% -5.00% -4.79% -3.23%
64 20200723 856.75 11 28.2 17.05 0.20% -1.79% 0.36% -0.58%
65 20200722 855.08 11.2 28.1 17.15 -0.77% -1.32% 0.00% -0.87%
66 20200721 861.69 11.35 28.1 17.3 0.03% 1.34% 0.36% 0.58%
67 20200720 861.4 11.2 28 17.2 -1.22% -3.03% -1.93% -1.71%
68 20200717 872.02 11.55 28.55 17.5 -0.55% 0.43% -0.17% 0.00%
69 20200716 876.83 11.5 28.6 17.5 0.80% -1.71% 1.96% 1.16%
70 20200715 869.91 11.7 28.05 17.3 0.21% -0.85% 0.54% 0.87%
71 20200714 868.11 11.8 27.9 17.15 -0.07% -0.42% 0.90% -0.29%
72 20200713 868.72 11.85 27.65 17.2 -0.29% 0.85% -0.36% -0.29%
73 20200710 871.21 11.75 27.75 17.25 -0.60% 0.43% -1.42% -1.15%
74 20200709 876.46 11.7 28.15 17.45 1.38% 0.86% 0.36% 1.75%
75 20200708 864.5 11.6 28.05 17.15 0.13% -1.69% -1.06% 0.29%
76 20200707 863.42 11.8 28.35 17.1 0.26% -0.84% 2.72% 0.59%
77 20200706 861.16 11.9 27.6 17 1.60% 0.42% 0.36% 0.89%
78 20200703 847.61 11.85 27.5 16.85 0.62% 0.85% -0.36% 0.00%
79 20200702 842.38 11.75 27.6 16.85 -0.13% -2.08% 0.73% -0.30%
80 20200701 843.49 12 27.4 16.9 2.23% 4.80% 2.24% 1.81%
81 20200630 825.11 11.45 26.8 16.6 -0.51% -2.97% 0.56% -1.48%
82 20200629 829.36 11.8 26.65 16.85 -2.65% -3.67% -2.02% -2.88%
83 20200626 851.98 12.25 27.2 17.35 -0.31% -0.41% -0.37% 0.00%
84 20200625 854.59 12.3 27.3 17.35 -0.60% 5.13% 1.11% -1.14%
85 20200624 859.71 11.7 27 17.55 -0.98% -1.68% 0.00% 0.29%
86 20200623 868.2 11.9 27 17.5 -0.35% -1.65% -1.10% 0.00%
87 20200622 871.28 12.1 27.3 17.5 0.31% 1.68% -0.18% 0.00%
88 20200619 868.56 11.9 27.35 17.5 1.55% 4.85% 2.05% 1.16%
89 20200618 855.27 11.35 26.8 17.3 0.10% -1.30% 2.10% 0.00%
90 20200617 854.44 11.5 26.25 17.3 -0.20% 5.02% 0.19% -0.57%
91 20200616 856.13 10.95 26.2 17.4 2.84% 2.82% 3.15% 2.35%
92 20200615 832.47 10.65 25.4 17 -3.60% -3.18% -4.15% -3.68%
93 20200612 863.52 11 26.5 17.65 -0.44% 6.80% 3.92% 0.86%
94 20200611 867.37 10.3 25.5 17.5 -3.63% -6.79% -5.56% -5.91%
95 20200610 900 11.05 27 18.6 0.06% -2.21% -0.37% 2.76%
96 20200609 899.43 11.3 27.1 18.1 -0.05% 0.00% -2.17% 0.00%
97 20200608 899.92 11.3 27.7 18.1 1.55% 6.60% 2.40% 1.12%
98 20200605 886.22 10.6 27.05 17.9 0.26% 6.85% 1.69% -0.56%
99 20200604 883.9 9.92 26.6 18 0.31% -0.20% -1.30% -0.28%
100 20200603 881.17 9.94 26.95 18.05
 Tính riêng cho HSG Tính riêng cho HPG Tính riêng cho MBB
(R(mt)-R(m))^2 (R(jt)-Rj)^2 (R(jt)-R(j)) * (R(mt)-R(m)) (R(jt)-Rj)^2 (R(jt)-R(j)) * (R(mt)-R(m)) (R(jt)-Rj)^2
0.00% 0.09% 0.02% 0.01% 0.01% 0.01%
0.00% 0.36% 0.00% 0.02% 0.00% 0.06%
0.00% 0.10% 0.00% 0.01% 0.00% 0.05%
0.00% 0.01% 0.00% 0.00% 0.00% 0.02%
0.00% 0.00% 0.00% 0.06% 0.00% 0.00%
0.01% 0.04% -0.02% 0.01% 0.01% 0.01%
0.00% 0.11% -0.01% 0.01% 0.00% 0.00%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
0.00% 0.01% 0.00% 0.02% 0.01% 0.00%
0.00% 0.01% 0.00% 0.01% 0.00% 0.00%
0.00% 0.00% 0.00% 0.03% -0.01% 0.02%
0.00% 0.02% 0.00% 0.10% 0.00% 0.01%
0.00% 0.00% 0.00% 0.05% 0.01% 1.18%
0.00% 0.07% 0.01% 0.02% 0.01% 0.00%
0.01% 0.00% 0.00% 0.05% 0.02% 0.00%
0.00% 0.06% 0.00% 0.00% 0.00% 0.00%
0.01% 0.37% 0.05% 0.00% 0.00% 0.03%
0.00% 0.26% 0.02% 0.06% 0.01% 0.04%
0.00% 0.02% 0.00% 0.00% 0.00% 0.00%
0.00% 0.23% -0.02% 0.00% 0.00% 0.04%
0.00% 0.00% 0.00% 0.01% 0.01% 0.00%
0.00% 0.03% 0.00% 0.00% 0.00% 0.01%
0.00% 0.07% -0.02% 0.00% 0.00% 0.02%
0.00% 0.26% 0.04% 0.01% 0.01% 0.13%
0.00% 0.09% 0.01% 0.07% -0.01% 0.00%
0.00% 0.32% 0.00% 0.00% 0.00% 0.00%
0.00% 0.04% 0.00% 0.00% 0.00% 0.00%
0.00% 0.39% 0.03% 0.00% 0.00% 0.03%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.05% 0.00% 0.00% 0.00% 0.00%
0.00% 0.09% 0.00% 0.01% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02% 0.09% 0.05% 0.04% 0.03% 0.04%
0.00% 0.02% 0.00% 0.00% 0.00% 0.01%
0.02% 0.01% 0.01% 0.00% 0.01% 0.00%
0.01% 0.16% 0.04% 0.01% 0.01% 0.01%
0.00% 0.02% 0.00% 0.01% 0.00% 0.00%
0.00% 0.07% -0.01% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.02% 0.00% 0.02% 0.00% 0.01%
0.00% 0.02% -0.01% 0.01% -0.01% 0.02%
0.02% 0.01% 0.01% 0.03% 0.03% 0.08%
0.00% 0.01% 0.01% 0.01% 0.01% 0.02%
0.00% 0.01% 0.00% 0.01% 0.00% 0.00%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
0.00% 0.03% -0.01% 0.01% 0.00% 0.00%
0.00% 0.01% 0.00% 0.01% 0.00% 0.00%
0.00% 0.05% 0.01% 0.03% 0.01% 0.01%
0.01% 0.01% 0.01% 0.00% 0.01% 0.00%
0.00% 0.03% -0.01% 0.00% 0.00% 0.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.02% 0.00% 0.00% 0.00% 0.01%
0.00% 0.18% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02%
0.01% 0.06% 0.03% 0.22% 0.05% 0.01%
0.02% 0.02% 0.02% 0.00% 0.00% 0.01%
0.04% 0.40% 0.13% 0.29% 0.11% 0.08%
0.00% 0.23% 0.02% 0.04% 0.01% 0.00%
0.02% 0.00% 0.01% 0.02% 0.02% 0.02%
0.08% 0.36% 0.17% 4.24% 0.59% 0.16%
0.12% 0.42% 0.23% 0.28% 0.19% 0.38%
0.29% 0.56% 0.40% 0.12% 0.19% 0.49%
0.11% 0.30% 0.18% 0.24% 0.16% 0.11%
0.00% 0.05% 0.00% 0.00% 0.00% 0.00%
0.01% 0.03% 0.02% 0.00% 0.00% 0.01%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
0.02% 0.12% 0.05% 0.04% 0.03% 0.03%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.05% -0.02% 0.03% 0.01% 0.01%
0.00% 0.02% 0.00% 0.00% 0.00% 0.01%
0.00% 0.01% 0.00% 0.01% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.02% 0.01% 0.01%
0.02% 0.00% 0.01% 0.00% 0.00% 0.03%
0.00% 0.05% 0.00% 0.01% 0.00% 0.00%
0.00% 0.02% 0.00% 0.07% 0.00% 0.00%
0.02% 0.00% 0.00% 0.00% 0.00% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.07% 0.01% 0.00% 0.00% 0.00%
0.05% 0.19% 0.09% 0.04% 0.05% 0.03%
0.00% 0.12% 0.02% 0.00% 0.00% 0.02%
0.07% 0.17% 0.11% 0.05% 0.06% 0.09%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
0.00% 0.22% -0.03% 0.01% -0.01% 0.01%
0.01% 0.05% 0.02% 0.00% 0.00% 0.00%
0.00% 0.05% 0.01% 0.01% 0.01% 0.00%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
0.02% 0.19% 0.06% 0.04% 0.03% 0.01%
0.00% 0.03% 0.00% 0.04% 0.00% 0.00%
0.00% 0.21% -0.01% 0.00% 0.00% 0.00%
0.08% 0.05% 0.06% 0.09% 0.08% 0.05%
0.13% 0.13% 0.13% 0.18% 0.16% 0.14%
0.00% 0.40% -0.03% 0.14% -0.02% 0.01%
0.14% 0.53% 0.27% 0.32% 0.21% 0.36%
0.00% 0.07% 0.00% 0.00% 0.00% 0.07%
0.00% 0.00% 0.00% 0.05% 0.00% 0.00%
0.02% 0.38% 0.09% 0.05% 0.03% 0.01%
0.00% 0.41% 0.01% 0.02% 0.00% 0.00%
0.00% 0.00% 0.00% 0.02% 0.00% 0.00%
Tính riêng cho MBB
(R(jt)-R(j)) * (R(mt)-R(m)) Bước 1: Tính beta _ (Cách 1): Sử dụng công thức SLOPE trong excel
0.01%
0.00% HSG HPG MBB
0.00% Hệ số beta 1.5232 1.4424 1.1523
0.00% Hệ số R2 35.17% 41.34% 47.93%
0.00%
0.01% Bước 2: Tính beta unlevered của doanh nghiệp đang dùng để so sánh
0.00% ĐVT: tỷ đồng HSG HPG
0.00% Hệ số D/E 1.38 0.81
0.00% - Vay ngắn hạn 6,119 22,013
0.00% - Vay dài hạn 2,350 20,652
-0.01% Tổng vay nợ 8,469 42,665
0.00% Tổng VCSH 6,150 52,580
-0.05%
0.00% Thuế TNDN 20% 20%
0.00% Unlevered beta 0.72 0.87
0.00% Vốn hóa công ty 6,758 96,417
0.02% Unlevered beta của ngành 0.86
0.01%
0.00% Bước 3: Tính beta và chi phí vốn của Công ty mục tiêu
-0.01% D/E của Công ty mục tiêu 1.00
0.00% Thuế TNDN công ty mục tiêu 20%
0.00% Levered Beta 1.56
0.01%
0.02% Bước 4: Chi phí vốn theo mô hình CAPM
0.00% Beta 1.56
0.00% Lãi suất phi rủi ro (risk-free risk) 2.90%
0.00% Phần bù rủi ro (risk premium) 10.52%
0.01% Điều chỉnh do đặc tính thị trường (DOLM) 1.50%
0.00%
0.00% Chi phí vốn chủ 20.78%
0.00%
0.00%
0.03%
0.00%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.01%
0.04%
0.01%
0.00%
0.00%
0.00%
0.00%
-0.01%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
0.01%
0.02%
0.06%
0.00%
0.02%
0.11%
0.22%
0.38%
0.11%
0.00%
0.01%
0.00%
0.02%
0.00%
0.01%
0.00%
0.00%
0.00%
0.01%
0.02%
0.00%
0.00%
0.01%
0.00%
0.00%
0.04%
0.01%
0.08%
0.00%
0.01%
0.00%
0.00%
0.00%
0.02%
0.00%
0.00%
0.06%
0.14%
0.00%
0.22%
0.00%
0.00%
0.02%
0.00%
0.00%
Cách 2: Sử dụng Công thức Beta=Covar/Var

HSG HPG MBB

Covar 0.000232 0.000220 0.000175
Var (Market) 0.0001522 0.0001522 0.0001522
Beta 1.52316 1.44236 1.15235

Cách 3: Lập bảng tính chi tiết beta

HSG HPG MBB

Variance of the stock= 0.000993890212089175 0.000758229 0.000417506

Variance of the market = 0.000150683901019455 0.000150684 0.000150684
Covar 0.000229515824026059 0.00021734 0.00017364
Beta 1.52316 1.44236 1.15235
Systematic variance= 0.000349589525635919 0.000313482 0.000200094
Unsystematic variance= 0.000644300686453256 0.000444747 0.000217412
R squared = 35.17% 41.34% 47.93%
 HSG
8.00%
f(x) = 1.52316088496027 x + 0.00369713370251745
4.00%
R² = 0.351738573721412
0.00%
-6.00% -4.00% -2.00% 0.00% 2.00% 4.00% 6.00%
-4.00%
-8.00%

HPG
10.00%
5.00%
f(x) = 1.44235637774952 x + 0.000151840685344658
0.00%
-6.00% R² = -4.00%
0.413439241458505
-2.00% 0.00%
-5.00% 2.00% 4.00% 6.00%
-10.00%
-15.00%
-20.00%
-25.00%

MBB
8.00%
6.00%
4.00%
f(x) = 1.15234762375946 x − 0.000337546410252447
2.00%
R² = 0.479260222861628 0.00%
-6.00% -4.00% -2.00% 0.00%
-2.00% 2.00% 4.00% 6.00%
-4.00%
-6.00%
-8.00%
-10.00%
-12.00%
Bước 1: Sử dụng đồ thị Scatter Plot với trục tung là biến động giá cổ phiếu và trục hoành là biến động của VN-Inde
Bước 2: Bổ sung đường trendline cho đồ thị (Linear)
Bước 3: Bổ sung công thức cho đường trendline (Y= ax + b)
Giá trị a chính là beta của đối tượng
Note: Khi sử dụng cần lưu ý đến hệ số R2, hệ số này càng cao thì mô hình càng hợp lý (>50% là có thể tin c
h là biến động của VN-Index

ợp lý (>50% là có thể tin cậy)