{"id":3547,"date":"2017-07-23T18:05:25","date_gmt":"2017-07-23T09:05:25","guid":{"rendered":"http:\/\/finance-gfp.com\/?p=3547"},"modified":"2024-11-21T06:47:47","modified_gmt":"2024-11-20T21:47:47","slug":"%e3%83%aa%e3%82%b9%e3%82%af%e6%a8%99%e6%ba%96%e5%81%8f%e5%b7%ae%e3%82%84%e7%9b%b8%e9%96%a2%e4%bf%82%e6%95%b0%e3%81%ae%e8%b3%87%e6%96%99%e3%82%92%e3%82%a8%e3%82%af%e3%82%bb%e3%83%ab%e3%81%a7%e4%bd%9c","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=3547","title":{"rendered":"\u30ea\u30b9\u30af(\u6a19\u6e96\u504f\u5dee)\u3084\u76f8\u95a2\u4fc2\u6570\u306e\u8cc7\u6599\u3092\u30a8\u30af\u30bb\u30eb\u3067\u4f5c\u6210\uff08\u30ea\u30b9\u30af\u30ea\u30bf\u30fc\u30f3\u306e\u610f\u5473\u3092\u5177\u4f53\u7684\u306b\u8aac\u660e\uff09"},"content":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u6708\u6b21\u30ea\u30bf\u30fc\u30f3\u306e\u30c7\u30fc\u30bf\u304b\u3089EXCEL\u3092\u4f7f\u3063\u3066\u300c\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u300d\u300c\u5e74\u7387\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u300d\u300c\u5171\u5206\u6563\u300d\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u3092\u7c21\u5358\u306b\u8a08\u7b97\u3059\u308b\u65b9\u6cd5\u3092\u7d39\u4ecb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3092\u4f5c\u6210\u3059\u308b\u5834\u5408\u306a\u3069\u306b\u5f79\u306b\u7acb\u3061\u307e\u3059\u3002<\/p>\n\n<!-- WP QUADS v. 3.0.2  Shortcode Ad -->\n<div class=\"quads-location quads-ad\" id=\"quads-ad\" style=\"float:none;margin:0px 0 0px 0;text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- \u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30b9\u30bf\u30fc\uff08\u8a18\u4e8b\u4e0a\u30ec\u30b9\u30dd\u30f3\u30b7\u30d6\uff09 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5603670596158988\"\r\n     data-ad-slot=\"4486034607\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n\n<h2>\u6708\u6b21\u30ea\u30bf\u30fc\u30f3\u304b\u3089EXCEL\u95a2\u6570\u3067\u300c\u30ea\u30bf\u30fc\u30f3\u300d\u300c\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u300d\u300c\u5171\u5206\u6563\u300d\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u3092\u6c42\u3081\u308b<\/h2>\n<p>\u5148\u9032\u56fd\u682a\u5f0f\u30fb\u5148\u9032\u56fd\u50b5\u5238\u30fb\u65b0\u8208\u56fd\u682a\u5f0f\u30fb\u65b0\u8208\u56fd\u50b5\u5238\uff08\u73fe\u5730\u901a\u8ca8\u5efa\u3066\uff09\u306e\u6708\u6b21\u30ea\u30bf\u30fc\u30f3\u3092\u3082\u3068\u306b\u300c<span class=\"bmarker-s\">\u5e74\u7387\u30ea\u30bf\u30fc\u30f3<\/span>\u300d\u300c<span class=\"bmarker-s\">\u5e74\u7387\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09<\/span>\u300d\u300c<span class=\"bmarker-s\">\u5171\u5206\u6563<\/span>\u300d\u300c<span class=\"bmarker-s\">\u76f8\u95a2\u4fc2\u6570<\/span>\u300d\u3092\u6c42\u3081\u307e\u3059\u3002<\/p>\n<p>\u307e\u305a\u5404\u8cc7\u7523\u306e\u6708\u6b21\u9a30\u843d\u7387\u306e\u6642\u7cfb\u5217\u30c7\u30fc\u30bf\u3092\u6e96\u5099\u3057\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3548\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_deta.png\" alt=\"\u30ea\u30b9\u30af\u30ea\u30bf\u30fc\u30f3\u30c7\u30fc\u30bf\" width=\"651\" height=\"469\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_deta.png 651w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_deta-300x216.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_deta-30x22.png 30w\" sizes=\"auto, (max-width: 651px) 100vw, 651px\" \/><\/p>\n<p><span class=\"ymarker-s\">EXCEL\u306e\u95a2\u6570\u3092\u4f7f\u3046\u3053\u3068\u3067\u7c21\u5358\u306b\u300c\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u300d\u300c\u5e74\u7387\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u300d\u300c\u5171\u5206\u6563\u300d\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n<p>\u307e\u305a\u306f\u300c<span class=\"bmarker-s\">\u5e74\u7387\u30ea\u30bf\u30fc\u30f3<\/span>\u300d\u3068\u300c<span class=\"bmarker-s\">\u5e74\u7387\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09<\/span>\u300d\u3067\u3059\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u904b\u7528\u306e\u4e16\u754c\u3067\u300c\u30ea\u30b9\u30af\u300d\u300c\u6a19\u6e96\u504f\u5dee\u300d\u300c\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u300d\u306f\u540c\u3058\u3082\u306e\u6307\u3059\u3068\u8003\u3048\u3066\u5dee\u3057\u652f\u3048\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<ul>\n<li>\u300c\u30ea\u30b9\u30af\u300d\u300c\u6a19\u6e96\u504f\u5dee\u300d\u300c\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u300d\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3082\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=7919\" target=\"_blank\" rel=\"noopener noreferrer\">\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u3064\u3044\u3066\u306e\u5206\u304b\u308a\u3084\u3059\u304f\u3066\u8a73\u3057\u3044\u8aac\u660e<\/a><\/li>\n<\/ul>\n<p>\u300c\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u300d\u306e\u8a08\u7b97\u306b\u306f\u300cAVERAGE\u95a2\u6570\u300d\u3001\u300c\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\uff09\u300d\u306e\u8a08\u7b97\u306b\u306f\u300cSTDEVP\u95a2\u6570\u300d\u3092\u4f7f\u3044\u307e\u3059\u3002<\/p>\n<p>\uff08\u3061\u306a\u307f\u306bAVERAGE\u95a2\u6570\u3067\u8a08\u7b97\u3059\u308b\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u306f\u3042\u304f\u307e\u3067\u6708\u6b21\u30ea\u30bf\u30fc\u30f3\u306e\u5e73\u5747\u5024\u3092\u5e74\u7387\u63db\u7b97\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u5f53\u8a72\u671f\u9593\u306e\u5e74\u7387\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3068\u306f\u7570\u306a\u308a\u307e\u3059\u3002\u5e74\u7387\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u8a08\u7b97\u3057\u305f\u3044\u5834\u5408\u306fPOWER\u95a2\u6570\u3092\u4f7f\u3063\u3066\u8a08\u7b97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\uff09<\/p>\n<p>\u30bb\u30eb\u5185\u306e\u6570\u5f0f\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002\u300c\uff1d\uff08\u30a4\u30b3\u30fc\u30eb\uff09\u300d\u306e\u5f8c\u306b\u6570\u5f0f\u3092\u5165\u529b\u3057\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3549\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_risk.png\" alt=\"\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u30fb\u30ea\u30b9\u30af\" width=\"699\" height=\"319\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_risk.png 699w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_risk-300x137.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_risk-30x14.png 30w\" sizes=\"auto, (max-width: 699px) 100vw, 699px\" \/><\/p>\n<p>\u95a2\u6570\u306e\u5f8c\u308d\u306b<span class=\"rmarker-s\">SQRT(12)<\/span>\u3068\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306f<span class=\"rmarker-s\">\u30eb\u30fc\u30c812(\u221a12)<\/span>\u306e\u610f\u5473\u3067<span class=\"rmarker-s\">\u6708\u6b21\u30c7\u30fc\u30bf\u3092\u5e74\u7387\u306b\u5909\u63db<\/span>\u3059\u308b\u305f\u3081\u306b\u30eb\u30fc\u30c812\u3092\u639b\u3051\u307e\u3059\u3002<\/p>\n<p>\u6708\u6b21\u30c7\u30fc\u30bf\u3092\u4f7f\u3063\u3066\u300c\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u300d\u3084\u300c\u5e74\u7387\u30ea\u30b9\u30af\u300d\u3092\u8a08\u7b97\u3057\u305f\u3044\u5834\u5408\u306f\u5fd8\u308c\u306a\u3044\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4e0a\u8a18\u306e\u3084\u308a\u65b9\u3067\u7c21\u5358\u306b\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u304c\u4f5c\u6210\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u6b21\u306b\u300c<span class=\"bmarker-s\">\u5171\u5206\u6563<\/span>\u300d\u3068\u300c<span class=\"bmarker-s\">\u76f8\u95a2\u4fc2\u6570<\/span>\u300d\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e2\u3064\u306f\u5c11\u3057\u30de\u30cb\u30a2\u30c3\u30af\u3067\u3059\u304c\u3001\u5ff5\u306e\u305f\u3081\u306b\u899a\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u7279\u306b\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u306f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5206\u6563\u52b9\u679c\u3092\u8003\u3048\u308b\u5834\u5408\u306b\u91cd\u8981\u3067\u3059\u3002<\/p>\n<p>\u300c\u5171\u5206\u6563\u300d\u306f\u300cCOVARIANCE\u95a2\u6570\u300d\u3001\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u306f\u300cCORREL\u95a2\u6570\u300d\u3092\u4f7f\u3044\u307e\u3059\u3002<\/p>\n<p>\u30bb\u30eb\u5185\u306e\u6570\u5f0f\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002\u300c\uff1d\uff08\u30a4\u30b3\u30fc\u30eb\uff09\u300d\u306e\u5f8c\u306b\u6570\u5f0f\u3092\u5165\u529b\u3057\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3550\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_soukan.png\" alt=\"\u5171\u5206\u6563\u3068\u76f8\u95a2\u4fc2\u6570\" width=\"616\" height=\"604\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_soukan.png 616w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_soukan-300x294.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_soukan-30x30.png 30w\" sizes=\"auto, (max-width: 616px) 100vw, 616px\" \/><\/p>\n<p>\u300c\u5171\u5206\u6563\u300d\u3084\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u3082\u4e0a\u8a18\u306e\u3088\u3046\u306bEXCEL\u306e\u95a2\u6570\u3092\u4f7f\u3048\u3070\u5bb9\u6613\u306b\u8a08\u7b97\u3067\u304d\u307e\u3059\u304c\u3001\u95a2\u4fc2\u5f0f\u3092\u7406\u89e3\u3057\u3066\u304a\u3044\u305f\u65b9\u304c\u672c\u5f53\u306e\u610f\u5473\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u300c\u5171\u5206\u6563\u300d\u300c\u6a19\u6e96\u504f\u5dee\u300d\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u306e\u95a2\u4fc2\u5f0f\u3067\u3059\u3002<\/p>\n<ul>\n<li><span class=\"ymarker-s\">\uff21\u3068B\u306e\u5171\u5206\u6563\uff1d\u300cA\u306e\u6a19\u6e96\u504f\u5dee\u300d\u00d7\u300cB\u306e\u6a19\u6e96\u504f\u5dee\u300d\u00d7\u300cAB\u306e\u76f8\u95a2\u4fc2\u6570\u300d<\/span><\/li>\n<\/ul>\n<p>\u3061\u306a\u307f\u306b\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u306f2\u3064\u306e\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u5024\u52d5\u304d\u306e\u985e\u4f3c\u6027\u3092\u8868\u3059\u6307\u6a19\u3067\uff0d1\uff5e1\u306e\u6570\u5024\u3067\u8868\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u304c\uff11\u306b\u8fd1\u3065\u304f\u3068\uff12\u3064\u306e\u5024\u52d5\u304d\u304c\u4f3c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3068\u306a\u308a\u3001\uff0d\uff11\u306b\u8fd1\u3065\u304f\u3068\u771f\u9006\u306e\u5024\u52d5\u304d\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5206\u6563\u52b9\u679c\u3092\u8003\u3048\u308b\u5834\u5408\u306f\u3001\u76f8\u95a2\u4fc2\u6570\u304c\u300c0\u300d\u306b\u8fd1\u3044\u65b9\u304c\u5024\u52d5\u304d\u306b\u95a2\u9023\u6027\u304c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u3001\u4e00\u822c\u7684\u306b\u826f\u3044\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<p>\u300c\u5171\u5206\u6563\u300d\u306f\u4e0a\u8a18\u5f0f\u306e\u901a\u308a\u3001\u300c\u76f8\u95a2\u4fc2\u6570\u300d\u306b2\u3064\u306e\u5bfe\u8c61\u8cc7\u7523\u306e\u300c\u6a19\u6e96\u504f\u5dee\u300d\u3092\u639b\u3051\u305f\u3082\u306e\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u8a00\u3044\u63db\u3048\u308b\u3068\u300c\u5171\u5206\u6563\u300d\u306f2\u3064\u306e\u5bfe\u8c61\u8cc7\u7523\u306e\u52d5\u304d\u306e\u985e\u4f3c\u6027\uff08\u76f8\u95a2\u4fc2\u6570\uff09\u306b\u5909\u52d5\u7387\uff08\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u3092\u52a0\u5473\u3057\u305f\u3082\u306e\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>\u4f7f\u7528\u3057\u305f\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<\/strong><\/span><\/p>\n<ul>\n<li>\u5148\u9032\u56fd\u682a\u5f0f\uff1aMSCI\uff9c\uff70\uff99\uff84\uff9e\uff72\uff9d\uff83\uff9e\uff6f\uff78\uff7d(MXWO Index)<\/li>\n<li>\u5148\u9032\u56fd\u50b5\u5238\uff1aCiti World Government Bond Index (CFIIWDUC Index)<\/li>\n<li>\u65b0\u8208\u56fd\u682a\u5f0f\uff1aMSCI\uff74\uff8f\uff70\uff7c\uff9e\uff9d\uff78\uff9e\uff65\uff8f\uff70\uff79\uff6f\uff84\uff65\uff72\uff9d\uff83\uff9e\uff6f\uff78\uff7d(MXEF Index)<\/li>\n<li>\u65b0\u8208\u56fd\u50b5\u5238(\u73fe\u5730\u901a\u8ca8\u5efa\u3066)\uff1aJP\u30e2\u30eb\u30ac\u30f3\uff65\u30ac\u30d0\u30e1\u30f3\u30c8\uff65\u30dc\u30f3\u30c9\uff65\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30fb\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\uff65\u30de\u30fc\u30b1\u30c3\u30c4(GBI-EM)\u30b0\u30ed\u30fc\u30d0\u30eb\uff65\u30c7\u30a3\u30d0\u30fc\u30b7\u30d5\u30a1\u30a4\u30c9\uff64\u30ad\u30e3\u30c3\u30d715%\u30d5\u30ed\u30a24.5% (GBIE1545 Index)<\/li>\n<\/ul>\n<h2>EXCEL\u3092\u4f7f\u3063\u305f\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u306e\u4f5c\u308a\u65b9\uff08\u6563\u5e03\u56f3\u3092\u6d3b\u7528\uff09<\/h2>\n<p>\u4e0a\u8a18\u3067\u8a08\u7b97\u3057\u305f\u300c\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u300d\u300c\u5e74\u7387\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u300d\u306e\u30c7\u30fc\u30bf\u3092\u4f7f\u3063\u3066\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3092\u4f5c\u6210\u3057\u307e\u3059\u3002<\/p>\n<p>\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u306f\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u300c\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u300d\u3068\u300c\u5e74\u7387\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u300d\u306e\u30c7\u30fc\u30bf\u304b\u3089\u30a8\u30af\u30bb\u30eb\u306e\u56f3\u5f62\u4f5c\u6210\u3067\u7c21\u5358\u306b\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u4e0b\u8a18\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3092\u4f5c\u6210\u3059\u308b\u306b\u306fEXCEL\u306e\u300c\u633f\u5165\u300d\u2192\u300c\u30b0\u30e9\u30d5\u300d\u3067\u300c<span class=\"rmarker-s\">\u6563\u5e03\u56f3<\/span>\u300d\u3092\u4f7f\u3046\u3068\u4fbf\u5229\u3067\u3059\u3002<\/p>\n<p>\u3053\u3053\u304b\u3089\u3055\u3089\u306b\u9032\u3093\u3067\u6709\u52b9\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u66f2\u7dda\u3092\u4f5c\u6210\u3059\u308b\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u304c\u3001\u5c11\u3057\u96e3\u3057\u3044\u306e\u3067\u4eca\u56de\u306f\u63b2\u8f09\u3057\u307e\u305b\u3093\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3551\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_glaph.png\" alt=\"\u30ea\u30b9\u30af\u30ea\u30bf\u30fc\u30f3\u8868\" width=\"555\" height=\"374\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_glaph.png 555w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_glaph-300x202.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_glaph-30x20.png 30w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/p>\n<p>\u6563\u5e03\u56f3\u306e\u4f5c\u6210\u304c\u4e0a\u624b\u304f\u3044\u304b\u306a\u3044\u65b9\u306f\u4e0b\u8a18\u3092\u53c2\u8003\u306b\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u306e\u4f5c\u6210\u624b\u9806\u3067\u3059\u3002<\/p>\n<ol>\n<li>\u30c7\u30fc\u30bf\u3092\u4e26\u3073\u66ff\u3048\uff08\u884c\u3068\u5217\u3001\u5de6\u3068\u53f3\uff09<\/li>\n<li>\u7bc4\u56f2\u3092\u6307\u5b9a\uff08\u30c7\u30fc\u30bf\u90e8\u5206\u306e\u307f\uff09<\/li>\n<li>\u30b0\u30e9\u30d5<em>\u30a6\u30a3\u30b6\u30fc\u30c9\u306e<\/em>\u300c<em>\u6563\u5e03\u56f3\u300d\u3067\u4f5c\u6210<\/em><\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15804\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sanpuzu.png\" alt=\"\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3092EXCEL\u306e\u6563\u5e03\u56f3\u3067\u4f5c\u6210\" width=\"782\" height=\"470\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sanpuzu.png 782w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sanpuzu-300x180.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sanpuzu-768x462.png 768w\" sizes=\"auto, (max-width: 782px) 100vw, 782px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15805\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/a324fa1375f83f7ba2c5bc97a0c74fb0.png\" alt=\"\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3092EXCEL\u306e\u6563\u5e03\u56f3\u3067\u4f5c\u6210\u2461\" width=\"644\" height=\"352\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/a324fa1375f83f7ba2c5bc97a0c74fb0.png 644w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/a324fa1375f83f7ba2c5bc97a0c74fb0-300x164.png 300w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\" \/><\/p>\n<p>\u6563\u5e03\u56f3\u306e\u4f5c\u6210\u306f\u5c11\u3057\u3084\u3084\u3053\u3057\u3044\u3068\u3053\u308d\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u6163\u308c\u308c\u3070\u554f\u984c\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u904e\u53bb\u306e\u30c7\u30fc\u30bf\u304b\u3089\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u3092\u8a08\u7b97\u3059\u308b\u5834\u5408\u3001\u30ea\u30bf\u30fc\u30f3\u306f\u3069\u306e\u671f\u9593\u306e\u30c7\u30fc\u30bf\u3092\u4f7f\u7528\u3059\u308b\u304b\u3067\u5927\u304d\u304f\u5909\u5316\u3057\u307e\u3059\u304c\u3001<span class=\"ymarker-s\">\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u306f\u6982\u306d\u3069\u306e\u671f\u9593\u3092\u4f7f\u3063\u3066\u3082\u8cc7\u7523\u30af\u30e9\u30b9\u3054\u3068\u306e\u7279\u5fb4\u901a\u308a\u306e\u30c7\u30fc\u30bf<\/span>\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u3088\u3063\u3066\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306a\u3069\u3067\u6700\u9069\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u691c\u8a0e\u3059\u308b\u969b\u306b\u306f\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\u30fb\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff09\u306f\u904e\u53bb\u306e\u30c7\u30fc\u30bf\u304b\u3089\u8a08\u7b97\u3057\u305f\u3082\u306e\u3092\u4f7f\u3044\u3001\u30ea\u30bf\u30fc\u30f3\u306f\u904e\u53bb\u30c7\u30fc\u30bf\u3092\u4f7f\u308f\u305a\u306b\u4e88\u60f3\u3055\u308c\u308b\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3084\u914d\u5f53\u5229\u56de\u308a\u30fb\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306a\u3069\u3092\u4f7f\u3046\u5834\u5408\u3082\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u307e\u305f\u3001\u30ea\u30bf\u30fc\u30f3\u3068\u30ea\u30b9\u30af\u306e\u30c7\u30fc\u30bf\u304b\u3089\u7b97\u51fa\u3067\u304d\u308b\u300c\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u300d\u3068\u3044\u3046\u30c7\u30fc\u30bf\u3082\u3088\u304f\u5229\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\"><strong>\u300c\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u300d<\/strong>\u306f\u30ea\u30b9\u30af\u5f53\u305f\u308a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u304c\u3001\u30ea\u30bf\u30fc\u30f3\u306f\u6b63\u78ba\u306b\u306f\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u30ec\u30fc\u30c8\u3092\u63a7\u9664\u3057\u305f\u30c7\u30fc\u30bf\u3092\u4f7f\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3584\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sharpratio.png\" alt=\"\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u8a08\u7b97\u5f0f\" width=\"468\" height=\"120\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sharpratio.png 468w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sharpratio-300x77.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2017\/07\/riskreturn_sharpratio-30x8.png 30w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/p>\n<p>\u4eee\u306b\u4f4e\u91d1\u5229\u306e\u74b0\u5883\u3092\u60f3\u5b9a\u3057\u3001\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u30ec\u30fc\u30c8\u3092\u30bc\u30ed\u3068\u3057\u305f\u5834\u5408\u3001\u30ea\u30bf\u30fc\u30f3\/\u30ea\u30b9\u30af\u3068\u306a\u308a\u3001\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u306f\u4e0a\u8a18\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u306e\u50be\u304d\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4e0a\u8a18\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3067\u306f\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u50be\u304d\u304c\u6700\u3082\u6025\u306b\u306a\u308b\u3053\u3068\u304b\u3089\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u304c\u6700\u3082\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u65b0\u8208\u56fd\u682a\u5f0f\u306e\u30ea\u30bf\u30fc\u30f35.94\uff05\u3001\u30ea\u30b9\u30af6.88\uff05\u3001\u4eee\u306b\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u30ec\u30fc\u30c80\uff05\u3068\u3059\u308b\u3068\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u306f5.94\/6.88\uff1d0.86\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u3061\u306a\u307f\u306b\u3088\u304f\u30ea\u30b9\u30af\u30ea\u30bf\u30fc\u30f3\u8868\u306b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3084PE\u30d5\u30a1\u30f3\u30c9\u306e\u30c7\u30fc\u30bf\u3092\u63b2\u8f09\u3057\u3066\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u304c\u9ad8\u3044\u3068\u5ba3\u4f1d\u3057\u3066\u3044\u308b\u8cc7\u6599\u3092\u898b\u304b\u3051\u307e\u3059\u304c\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30fbPE\u30d5\u30a1\u30f3\u30c9\u306f\u30ea\u30bf\u30fc\u30f3\u306e\u5206\u5e03\u304c\u6b63\u898f\u5206\u5e03\u306b\u306a\u3089\u306a\u3044\u305f\u3081\u3001\u672c\u6765\u3001\u682a\u5f0f\u3084\u50b5\u5238\u306a\u3069\u306e\u4f1d\u7d71\u7684\u30a2\u30bb\u30c3\u30c8\u3068\u4e00\u7dd2\u306b\u30ea\u30b9\u30af\u30ea\u30bf\u30fc\u30f3\u8868\u306b\u63b2\u8f09\u3059\u308b\u3053\u3068\u306f\u30df\u30b9\u30ea\u30fc\u30c9\u3067\u3059\u3002<\/span><\/p>\n<h2>\u30ea\u30bf\u30fc\u30f35\uff05\u30fb\u30ea\u30b9\u30af8\uff05\u306e\u610f\u5473\u3092\u5177\u4f53\u7684\u306b\u8aac\u660e\u3067\u304d\u307e\u3059\u304b\uff1f<\/h2>\n<p>\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u3067\u4f8b\u3048\u3070\u300c\u30ea\u30bf\u30fc\u30f35\uff05\u30fb\u30ea\u30b9\u30af8\uff05\u300d\u3068\u8a00\u3063\u305f\u5834\u5408\u3001\u5177\u4f53\u7684\u306b\u4f55\u3092\u8868\u3057\u3066\u3044\u308b\u304b\u8aac\u660e\u3067\u304d\u308b\u4eba\u306f\u610f\u5916\u306b\u5c11\u306a\u3044\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u3053\u3053\u3067\u306f\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u8868\u306e\u898b\u65b9\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u300c\u30ea\u30bf\u30fc\u30f3\u300d\u306f\u305d\u306e\u307e\u307e\u5e74\u7387\u306e\u53ce\u76ca\u7387\u3067\u554f\u984c\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u300c\u30ea\u30b9\u30af\u300d\u306f\u6a19\u6e96\u504f\u5dee\u306e\u3053\u3068\u3067\u3059\uff61<\/p>\n<p>\u3061\u306a\u307f\u306b\u6a19\u6e96\u504f\u5dee\u3082\u826f\u304f\u4f7f\u308f\u308c\u308b\u3082\u306e\u3067\u300c1\u6a19\u6e96\u504f\u5dee\u300d\u3068\u300c2\u6a19\u6e96\u504f\u5dee\u300d\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u5c11\u3057\u96e3\u3057\u304f\u306a\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001<span 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