{"id":40598,"date":"2026-05-16T09:02:52","date_gmt":"2026-05-16T00:02:52","guid":{"rendered":"https:\/\/blog.agentsoft.co.kr\/index.php\/2026\/05\/16\/40598\/"},"modified":"2026-05-16T09:02:52","modified_gmt":"2026-05-16T00:02:52","slug":"%ec%9e%ac%eb%ac%b4%ea%b4%80%eb%a6%ac%eb%ac%b8%ec%a0%9c-1-%eb%ac%b4%ec%9c%84%ed%97%98%ec%9e%90%ec%82%b0%ec%9d%b4-%ec%a1%b4%ec%9e%ac%ed%95%98%ea%b3%a0-%eb%8f%99%ec%a7%88%ec%a0%81-%ea%b8%b0%eb%8c%80","status":"publish","type":"post","link":"https:\/\/blog.agentsoft.co.kr\/index.php\/2026\/05\/16\/40598\/","title":{"rendered":"[\uc7ac\ubb34\uad00\ub9ac]\ubb38\uc81c 1. \ubb34\uc704\ud5d8\uc790\uc0b0\uc774 \uc874\uc7ac\ud558\uace0 \ub3d9\uc9c8\uc801 \uae30\ub300 \uac00\uc815\uc774 \uc131\ub9bd\ud558\ub294 \uacbd\uc6b0 \ud569\ub9ac\uc801\uc778 \ubaa8\ub4e0 \ud22c\uc790\uc790\ub4e4\uc740 \ud56d\uc0c1 \uc2dc\uc7a5\ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc120\ud0dd\ud558\uac8c \ub41c\ub2e4. \uc774\uc640 \uac19\uc740 \uacbd\uc6b0 \ud22c\uc790\uc790\uac00 \uace0\ub824\ud574\uc57c\ud558\ub294 \uac1c\ubcc4 \uc99d\uad8c\uc758 \uc704\ud5d8\uc740 \ubb34\uc5c7\uc778\uac00?"},"content":{"rendered":"

<\/p>\n

\ubaa9\ucc28<\/strong><\/p>\n

1. \uccb4\uacc4\uc801 \uc704\ud5d8\uc758 \uc815\uc758
\n2. \uc790\ubcf8\uc2dc\uc7a5\uc120\uacfc \uc99d\uad8c\uc2dc\uc7a5\uc120\uc758 \ube44\uad50
\n3. \uae30\uc5c5\uc758 \uc7ac\ubb34\uc758\uc0ac\uacb0\uc815\uc5d0\uc11c CAPM\uc774 \uc5b4\ub5bb\uac8c \uc774\uc6a9\ub420 \uc218 \uc788\ub294\uac00?
\n4. \uc0c1\ud669\ubcc4 \ud655\ub960\ubd84\ud3ec\uac00 \uc8fc\uc5b4\uc84c\uc744 \uacbd\uc6b0 \uae30\ub300\uc218\uc775\ub960, \ubd84\uc0b0, \ud45c\uc900\ud3b8\ucc28 \uad6c\ud558\uae30
\n5. \ub450 \uc8fc\uc2dd\uc758 \uacf5\ubd84\uc0b0 \ubc0f \uc0c1\uad00\uacc4\uc218\ub97c \uad6c\ud558\uc5ec \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \ubd84\uc0b0 \uad6c\ud558\uae30
\n6. SML \uacf5\uc2dd\uc758 \uc801\uc6a9
\n7. \uae30\ub300\ud604\uae08\ud750\ub984\uc744 \ud1b5\ud55c \ud22c\uc790\uc758\uc0ac\uacb0\uc815<\/p>\n

\ubcf8\ubb38\ub0b4\uc6a9<\/strong><\/p>\n

\ubb38\uc81c 1. \ubb34\uc704\ud5d8\uc790\uc0b0\uc774 \uc874\uc7ac\ud558\uace0 \ub3d9\uc9c8\uc801 \uae30\ub300 \uac00\uc815\uc774 \uc131\ub9bd\ud558\ub294 \uacbd\uc6b0 \ud569\ub9ac\uc801\uc778 \ubaa8\ub4e0 \ud22c\uc790\uc790\ub4e4\uc740 \ud56d\uc0c1 \uc2dc\uc7a5\ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc120\ud0dd\ud558\uac8c \ub41c\ub2e4. \uc774\uc640 \uac19\uc740 \uacbd\uc6b0 \ud22c\uc790\uc790\uac00 \uace0\ub824\ud574\uc57c\ud558\ub294 \uac1c\ubcc4 \uc99d\uad8c\uc758 \uc704\ud5d8\uc740 \ubb34\uc5c7\uc778\uac00?
\n\ubb38\uc81c2. \uc790\ubcf8\uc2dc\uc7a5\uc120\uacfc \uc99d\uad8c\uc2dc\uc7a5\uc120\uc744 \ube44\uad50 \uc124\uba85\ud558\ub77c.
\n\ubb38\uc81c3. \uae30\uc5c5\uc758 \uc7ac\ubb34\uc758\uc0ac\uacb0\uc815\uc5d0\uc11c CAPM\uc774 \uc5b4\ub5bb\uac8c \uc774\uc6a9\ub420 \uc218 \uc788\ub294\uc9c0 \uc124\uba85\ud558\ub77c.
\n\ubb38\uc81c4. \ub2e4\uc74c\uacfc \uac19\uc740 \ud655\ub960\ubd84\ud3ec\ub97c \uac00\uc9c0\ub294 \ub450 \uc790\uc0b0\uc774 \uc788\ub2e4.
\n(1) \uc790\uc0b0A\uc640 B\uc758 \uae30\ub300\uc218\uc775\ub960, \ubd84\uc0b0, \ud45c\uc900\ud3b8\ucc28\ub97c \uac01\uac01 \uad6c\ud558\ub77c.
\n(2) \ub450 \uc790\uc0b0\uc5d0 \uac01\uac01 50%\uc529 \ud22c\uc790\ud558\uc5ec \uad6c\uc131\ud55c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uae30\ub300\uc218\uc775\ub960, \ubd84\uc0b0, \ud45c\uc900\ud3b8\ucc28\ub97c \uad6c\ud558\ub77c.
\n\ubb38\uc81c5. \uc8fc\uc2ddA\uc640 \uc8fc\uc2ddB\uc758 \uae30\ub300\uc218\uc775\ub960\uacfc \ubd84\uc0b0\uc740 \uac01\uac01 \ub2e4\uc74c\uacfc \uac19\ub2e4.
\n(1) \ub450 \uc8fc\uc2dd \uc0ac\uc774\uc5d0 \uc0c1\uad00\uacc4\uc218\uac00 0.5\uc77c \ub54c, \ucd1d \ud22c\uc790\uc790\uae08 \uc911 60%\ub97c \uc8fc\uc2dd A\uc5d0 \ud22c\uc790\ud558\uace0 \uadf8 \ub098\uba38\uc9c0 40%\ub97c \uc8fc\uc2dd B\uc5d0 \ud22c\uc790\ud558\uc5ec \uad6c\uc131\ud55c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uae30\ub300\uc218\uc775\ub960\uacfc \ubd84\uc0b0\uc744 \uacc4\uc0b0\ud558\ub77c.
\n(2) \ub450 \uc8fc\uc2dd \uc0ac\uc774\uc5d0 \uc0c1\uad00\uacc4\uc218\uac00 (-)0.5\uc77c \ub54c, \ucd1d \ud22c\uc790\uc790\uae08 \uc911 60%\ub97c \uc8fc\uc2dd A\uc5d0 \ud22c\uc790\ud558\uace0 \uadf8 \ub098\uba38\uc9c0 40%\ub97c \uc8fc\uc2dd B\uc5d0 \ud22c\uc790\ud558\uc5ec \uad6c\uc131\ud55c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uae30\ub300\uc218\uc775\ub960\uacfc \ubd84\uc0b0\uc744 \uacc4\uc0b0\ud558\ub77c.
\n(3) \uc0c1\uad00\uacc4\uc218\uac00 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uc704\ud5d8\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \uc124\uba85\ud558\ub77c.
\n\ubb38\uc81c6. \ubb34\uc704\ud5d8\uc774\uc790\uc728\uc740 4%, \uc2dc\uc7a5\ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uae30\ub300\uc218\uc775\ub960\uc740 12%, CAPM\uc758 \uc81c \uac00\uc815\uc774 \uc131\ub9bd\ud55c\ub2e4\uace0 \uac00\uc815\ud558\uc5ec \ub2e4\uc74c\uc758 \ubb3c\uc74c\uc5d0 \ub2f5\ud558\ub77c.
\n1) \uc99d\uad8c\uc2dc\uc7a5\uc120\uc744 \uad6c\ud558\ub77c.
\n2) \ubca0\ud0c0\uac00 1.5\uc778 \ud22c\uc790\uc548\uc758 \uc694\uad6c\uc218\uc775\ub960\uc744 \uad6c\ud558\ub77c.
\n3) \ub9cc\uc57d \ubca0\ud0c0\uac00 0.8\uc778 \ud22c\uc790\uc548\uc5d0 \ub300\ud574\uc11c 9.8%\uc758 \uae30\ub300\uc218\uc775\ub960\uc744 \uc5bb\uc744 \uc218 \uc788\ub2e4\uba74, \uc774 \ud22c\uc790\uc548\uc744 \ucc44\ud0dd\ud558\uc5ec\uc57c \ud558\ub294\uac00?
\n4) \ub9cc\uc57d \uc2dc\uc7a5\uc5d0\uc11c \uc8fc\uc2dd X\uc758 \uc218\uc775\ub960\uc774 11.2%\ub85c \uae30\ub300\ub41c\ub2e4\uba74, \uc774 \uc8fc\uc2dd\uc758 \ubca0\ud0c0\ub294 \uc5bc\ub9c8\uc778\uac00?
\n\ubb38\uc81c7. \ub2e4\uc74c\uacfc \uac19\uc740 \ud604\uae08\ud750\ub984\uc774 \uc608\uc0c1\ub418\ub294 \ud22c\uc790\uc548\uc774 \uc788\ub2e4.<\/p>\n

\ucd9c\ucc98 : \ud574\ud53c\ucea0\ud37c\uc2a4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\ubaa9\ucc28 1. \uccb4\uacc4\uc801 \uc704\ud5d8\uc758 \uc815\uc758 2. \uc790\ubcf8\uc2dc\uc7a5\uc120\uacfc \uc99d\uad8c\uc2dc\uc7a5\uc120\uc758 \ube44\uad50 3. \uae30\uc5c5\uc758 \uc7ac\ubb34\uc758\uc0ac\uacb0\uc815\uc5d0\uc11c CAPM\uc774 \uc5b4\ub5bb\uac8c \uc774\uc6a9\ub420 \uc218 \uc788\ub294\uac00? 4. \uc0c1\ud669\ubcc4 \ud655\ub960\ubd84\ud3ec\uac00 \uc8fc\uc5b4\uc84c\uc744 \uacbd\uc6b0 \uae30\ub300\uc218\uc775\ub960, \ubd84\uc0b0, \ud45c\uc900\ud3b8\ucc28 \uad6c\ud558\uae30 5. \ub450 \uc8fc\uc2dd\uc758 \uacf5\ubd84\uc0b0 \ubc0f \uc0c1\uad00\uacc4\uc218\ub97c \uad6c\ud558\uc5ec \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \ubd84\uc0b0 \uad6c\ud558\uae30 6. SML \uacf5\uc2dd\uc758 \uc801\uc6a9 7. \uae30\ub300\ud604\uae08\ud750\ub984\uc744 \ud1b5\ud55c \ud22c\uc790\uc758\uc0ac\uacb0\uc815 \ubcf8\ubb38\ub0b4\uc6a9 \ubb38\uc81c 1. \ubb34\uc704\ud5d8\uc790\uc0b0\uc774 \uc874\uc7ac\ud558\uace0 \ub3d9\uc9c8\uc801 \uae30\ub300 \uac00\uc815\uc774 \uc131\ub9bd\ud558\ub294 \uacbd\uc6b0 \ud569\ub9ac\uc801\uc778 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[47068,6474,13390,50978,45108,50979,37762,37763,13389],"class_list":["post-40598","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-capm","tag-6474","tag-13390","tag-50978","tag-45108","tag-50979","tag-37762","tag-37763","tag-13389"],"_links":{"self":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts\/40598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/comments?post=40598"}],"version-history":[{"count":0,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts\/40598\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/media?parent=40598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/categories?post=40598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/tags?post=40598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}