{"id":325417,"date":"2025-07-31T20:45:06","date_gmt":"2025-07-31T20:45:06","guid":{"rendered":"https:\/\/pocketoption.com\/blog\/news-events\/data\/stock-breakdown-2\/"},"modified":"2025-07-31T20:45:06","modified_gmt":"2025-07-31T20:45:06","slug":"stock-breakdown","status":"publish","type":"post","link":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stock-breakdown\/","title":{"rendered":"Chia C\u1ed5 Phi\u1ebfu: Chi\u1ebfn L\u01b0\u1ee3c C\u1ea7n Thi\u1ebft cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Brazil v\u00e0o n\u0103m 2025"},"content":{"rendered":"<div id=\"root\"><div id=\"wrap-img-root\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":45,"featured_media":192559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[28,45,44],"class_list":["post-325417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading","tag-investment","tag-stock","tag-strategy"],"acf":{"h1":"Pocket Option: Chia T\u00e1ch C\u1ed5 Phi\u1ebfu - B\u00e0i Vi\u1ebft \u0110\u1ea7y \u0110\u1ee7 2025","h1_source":{"label":"H1","type":"text","formatted_value":"Pocket Option: Chia T\u00e1ch C\u1ed5 Phi\u1ebfu - B\u00e0i Vi\u1ebft \u0110\u1ea7y \u0110\u1ee7 2025"},"description":"Stock Split l\u00e0 g\u00ec? B\u00e0i vi\u1ebft ho\u00e0n ch\u1ec9nh v\u1ec1 Stock Split v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed9c \u0111\u00e1o, k\u1ebft qu\u1ea3 \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n c\u1ee7a Pocket Option cho th\u1ecb tr\u01b0\u1eddng Brazil","description_source":{"label":"Description","type":"textarea","formatted_value":"Stock Split l\u00e0 g\u00ec? B\u00e0i vi\u1ebft ho\u00e0n ch\u1ec9nh v\u1ec1 Stock Split v\u1edbi c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed9c \u0111\u00e1o, k\u1ebft qu\u1ea3 \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n c\u1ee7a Pocket Option cho th\u1ecb tr\u01b0\u1eddng Brazil"},"intro":"Hi\u1ec3u v\u1ec1 chia t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 \u0111i\u1ec1u c\u01a1 b\u1ea3n \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn c\u1ee7a h\u1ecd tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil. Ph\u00e2n t\u00edch n\u00e0y tr\u00ecnh b\u00e0y c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e2ng cao, v\u00ed d\u1ee5 th\u1ef1c t\u1ebf v\u00e0 nh\u1eefng hi\u1ec3u bi\u1ebft \u0111\u1ed9c quy\u1ec1n d\u1ef1a tr\u00ean d\u1eef li\u1ec7u th\u1ed1ng k\u00ea \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh cho th\u1ea5y c\u00e1ch t\u1eadn d\u1ee5ng ho\u1ea1t \u0111\u1ed9ng doanh nghi\u1ec7p n\u00e0y \u0111\u1ec3 c\u1ee7ng c\u1ed1 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n v\u1edbi l\u1ee3i nhu\u1eadn cao h\u01a1n th\u1ecb tr\u01b0\u1eddng.","intro_source":{"label":"Intro","type":"text","formatted_value":"Hi\u1ec3u v\u1ec1 chia t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 \u0111i\u1ec1u c\u01a1 b\u1ea3n \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn c\u1ee7a h\u1ecd tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil. Ph\u00e2n t\u00edch n\u00e0y tr\u00ecnh b\u00e0y c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e2ng cao, v\u00ed d\u1ee5 th\u1ef1c t\u1ebf v\u00e0 nh\u1eefng hi\u1ec3u bi\u1ebft \u0111\u1ed9c quy\u1ec1n d\u1ef1a tr\u00ean d\u1eef li\u1ec7u th\u1ed1ng k\u00ea \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh cho th\u1ea5y c\u00e1ch t\u1eadn d\u1ee5ng ho\u1ea1t \u0111\u1ed9ng doanh nghi\u1ec7p n\u00e0y \u0111\u1ec3 c\u1ee7ng c\u1ed1 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n v\u1edbi l\u1ee3i nhu\u1eadn cao h\u01a1n th\u1ecb tr\u01b0\u1eddng."},"body_html":"<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 t\u1ea1i sao n\u00f3 c\u00e1ch m\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>M\u1ed9t&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>, \u0111\u01b0\u1ee3c bi\u1ebft \u0111\u1ebfn k\u1ef9 thu\u1eadt l\u00e0 \"split,\" l\u00e0 m\u1ed9t ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn l\u01b0\u1ee3c m\u00e0 c\u00e1c c\u00f4ng ty nh\u00e2n \u0111\u00f4i s\u1ed1 c\u1ed5 phi\u1ebfu hi\u1ec7n c\u00f3 c\u1ee7a h\u1ecd trong khi duy tr\u00ec c\u00f9ng m\u1ed9t t\u1ed5ng gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n. Trong m\u1ed9t ph\u00e2n t\u00e1ch 2:1, m\u1ed7i c\u1ed5 phi\u1ebfu g\u1ed1c bi\u1ebfn th\u00e0nh hai \u0111\u01a1n v\u1ecb m\u1edbi, m\u1ed7i \u0111\u01a1n v\u1ecb c\u00f3 gi\u00e1 tr\u1ecb ch\u00ednh x\u00e1c b\u1eb1ng m\u1ed9t n\u1eeda gi\u00e1 ban \u0111\u1ea7u. Th\u1ef1c h\u00e0nh n\u00e0y, \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng r\u1ed9ng r\u00e3i tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, \u0111\u00e3 nhanh ch\u00f3ng \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 t\u1ea1i Brazil t\u1eeb n\u0103m 2018.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Brazil c\u00f3 nh\u1eefng \u0111\u1eb7c th\u00f9 l\u00e0m t\u0103ng c\u01b0\u1eddng t\u00e1c \u0111\u1ed9ng c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ecba ph\u01b0\u01a1ng. V\u1edbi B3 ghi nh\u1eadn h\u01a1n 5 tri\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0o n\u0103m 2024 v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng trung b\u00ecnh h\u00e0ng ng\u00e0y v\u01b0\u1ee3t qu\u00e1 R$25 t\u1ef7, c\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0&nbsp;<b>Pocket Option<\/b>&nbsp;d\u00e2n ch\u1ee7 h\u00f3a quy\u1ec1n truy c\u1eadp v\u00e0o c\u00e1c ho\u1ea1t \u0111\u1ed9ng tr\u01b0\u1edbc \u0111\u00e2y ch\u1ec9 d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Kh\u00f4ng gi\u1ed1ng nh\u01b0 ti\u1ec1n th\u01b0\u1edfng hay \u0111\u0103ng k\u00fd, ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu kh\u00f4ng thay \u0111\u1ed5i c\u01a1 b\u1ea3n gi\u00e1 tr\u1ecb c\u1ee7a c\u00f4ng ty nh\u01b0ng th\u01b0\u1eddng t\u0103ng t\u00ednh thanh kho\u1ea3n l\u00ean \u0111\u1ebfn 35%, thu h\u00fat nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 t\u1ea1o ra c\u00e1c m\u00f4 h\u00ecnh k\u1ef9 thu\u1eadt c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n. \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a&nbsp;<b>Pocket Option<\/b>, nh\u1eadn di\u1ec7n c\u00e1c m\u00f4 h\u00ecnh n\u00e0y cung c\u1ea5p c\u01a1 h\u1ed9i v\u00e0o l\u1ec7nh ch\u00ednh x\u00e1c v\u1edbi r\u1ee7i ro-l\u1ee3i nhu\u1eadn t\u1ed1i \u01b0u.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u01a1 ch\u1ebf ch\u00ednh x\u00e1c c\u1ee7a ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>T\u1ea1i Brazil,&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;tu\u00e2n theo m\u1ed9t quy tr\u00ecnh nghi\u00eam ng\u1eb7t \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh b\u1edfi CVM (H\u01b0\u1edbng d\u1eabn 358) v\u00e0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1edfi B3. Trong khi c\u00e1c ph\u00e2n t\u00e1ch x\u1ea3y ra h\u00e0ng tu\u1ea7n t\u1ea1i M\u1ef9, tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil c\u00e1c s\u1ef1 ki\u1ec7n n\u00e0y x\u1ea3y ra kho\u1ea3ng 12-15 l\u1ea7n m\u1ed7i n\u0103m, t\u1ea1o ra t\u00e1c \u0111\u1ed9ng l\u1edbn h\u01a1n v\u1ec1 m\u1eb7t t\u1ea7m nh\u00ecn v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Giai \u0111o\u1ea1n<\/th><th>M\u00f4 t\u1ea3 c\u1ee5 th\u1ec3<\/th><th>T\u00e1c \u0111\u1ed9ng \u0111o l\u01b0\u1eddng \u0111\u01b0\u1ee3c<\/th><\/tr><\/thead><tbody><tr><td>Ph\u00ea duy\u1ec7t<\/td><td>H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb ph\u00ea duy\u1ec7t ph\u00e2n t\u00e1ch (\u0110i\u1ec1u 122, Lu\u1eadt 6.404\/76)<\/td><td>+4.2% trong gi\u00e1 (trung b\u00ecnh l\u1ecbch s\u1eed B3)<\/td><\/tr><tr><td>Th\u00f4ng b\u00e1o<\/td><td>Th\u00f4ng tin quan tr\u1ecdng \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 qua H\u1ec7 th\u1ed1ng Empresas.NET<\/td><td>+65% trong kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y (trung b\u00ecnh 5 ng\u00e0y)<\/td><\/tr><tr><td>Ng\u00e0y ch\u1ed1t<\/td><td>Ng\u00e0y c\u00f3 quy\u1ec1n, ng\u00e0y cu\u1ed1i c\u00f9ng \u0111\u1ec3 mua v\u1edbi quy\u1ec1n<\/td><td>\u0110\u1ec9nh kh\u1ed1i l\u01b0\u1ee3ng g\u1ea5p 2.3 l\u1ea7n trung b\u00ecnh<\/td><\/tr><tr><td>Th\u1ef1c hi\u1ec7n<\/td><td>\u0110i\u1ec1u ch\u1ec9nh t\u1ef1 \u0111\u1ed9ng qua h\u1ec7 th\u1ed1ng l\u01b0u k\u00fd B3<\/td><td>Nh\u00e2n ch\u00ednh x\u00e1c trong danh m\u1ee5c \u0111\u1ea7u t\u01b0<\/td><\/tr><tr><td>Giao d\u1ecbch sau ph\u00e2n t\u00e1ch<\/td><td>Gi\u00e1 c\u01a1 s\u1edf \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 li\u00ean t\u1ee5c bi\u1ec3u \u0111\u1ed3<\/td><td>+31.7% trong thanh kho\u1ea3n trung b\u00ecnh (30 ng\u00e0y)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tr\u00ean&nbsp;<b>Pocket Option<\/b>, qu\u00e1 tr\u00ecnh \u0111i\u1ec1u ch\u1ec9nh di\u1ec5n ra t\u1ef1 \u0111\u1ed9ng v\u00e0o n\u1eeda \u0111\u00eam ng\u00e0y th\u1ef1c hi\u1ec7n, kh\u00f4ng c\u1ea7n can thi\u1ec7p. M\u1ed9t \u0111i\u1ec3m kh\u00e1c bi\u1ec7t \u0111\u1ed9c quy\u1ec1n c\u1ee7a n\u1ec1n t\u1ea3ng l\u00e0 c\u1ea3nh b\u00e1o ch\u1ee7 \u0111\u1ed9ng 48 gi\u1edd tr\u01b0\u1edbc ng\u00e0y ch\u1ed1t, cho ph\u00e9p \u0111\u1ecbnh v\u1ecb chi\u1ebfn l\u01b0\u1ee3c tr\u01b0\u1edbc khi ph\u1ea7n l\u1edbn th\u1ecb tr\u01b0\u1eddng nh\u1eadn di\u1ec7n c\u01a1 h\u1ed9i.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>\u0110\u1ed9ng c\u01a1 chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00e1c c\u00f4ng ty Brazil cho ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c c\u00f4ng ty Brazil th\u1ef1c hi\u1ec7n&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;v\u00ec nh\u1eefng l\u00fd do c\u1ee5 th\u1ec3 v\u01b0\u1ee3t qua vi\u1ec7c \u0111\u01a1n gi\u1ea3n gi\u1ea3m gi\u00e1 \u0111\u01a1n v\u1ecb. Ph\u00e2n t\u00edch 87 ho\u1ea1t \u0111\u1ed9ng t\u1eeb 2017-2024 ti\u1ebft l\u1ed9 c\u00e1c m\u00f4 h\u00ecnh quy\u1ebft \u0111\u1ecbnh c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n r\u00f5 r\u00e0ng, cung c\u1ea5p th\u00f4ng tin d\u1ef1 \u0111o\u00e1n v\u1ec1 c\u00e1c \u1ee9ng vi\u00ean ph\u00e2n t\u00e1ch trong t\u01b0\u01a1ng lai.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng v\u00e0 m\u1edf r\u1ed9ng c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>C\u00e1c nghi\u00ean c\u1ee9u c\u1ee7a B3 cho th\u1ea5y r\u1eb1ng c\u1ed5 phi\u1ebfu tr\u00ean R$120 c\u00f3 \u00edt h\u01a1n 37% giao d\u1ecbch b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n. Trong b\u1ed1i c\u1ea3nh Brazil, n\u01a1i v\u00e9 \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u trung b\u00ecnh l\u00e0 R$2,500 (FGV, 2023), gi\u00e1 \u0111\u01a1n v\u1ecb gi\u1ea3m cho ph\u00e9p s\u1ef1 tham gia c\u1ee7a ng\u01b0\u1eddi m\u1edbi v\u00e0 \u0111a d\u1ea1ng h\u00f3a hi\u1ec7u qu\u1ea3 h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m 73% gi\u00e1 tr\u1ecb t\u1ed1i thi\u1ec3u c\u1ea7n thi\u1ebft \u0111\u1ec3 b\u1eaft \u0111\u1ea7u m\u1ed9t v\u1ecb tr\u00ed<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Lo\u1ea1i b\u1ecf r\u00e0o c\u1ea3n t\u00e2m l\u00fd c\u1ee7a gi\u00e1 \"c\u1ea5m\" (tr\u00ean R$100)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ea3 n\u0103ng \u0111a d\u1ea1ng h\u00f3a v\u1edbi R$1,000-3,000 (h\u1ed3 s\u01a1 trung b\u00ecnh c\u1ee7a ng\u01b0\u1eddi Brazil)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ea1o ra s\u1ef1 bao ph\u1ee7 ph\u00e2n t\u00edch b\u1ed5 sung (trung b\u00ecnh 4.3 c\u00f4ng ty m\u1edbi sau ph\u00e2n t\u00e1ch)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;t\u1ef1 \u0111\u1ed9ng nh\u1eadn di\u1ec7n c\u00e1c c\u01a1 h\u1ed9i n\u00e0y th\u00f4ng qua thu\u1eadt to\u00e1n \"Split Detector\" \u0111\u1ed9c quy\u1ec1n c\u1ee7a m\u00ecnh, \u0111\u00e3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c 78% c\u00e1c ph\u00e2n t\u00e1ch tr\u00ean B3 t\u1eeb n\u0103m 2021, cung c\u1ea5p l\u1ee3i th\u1ebf th\u00f4ng tin \u0111\u00e1ng k\u1ec3 cho ng\u01b0\u1eddi d\u00f9ng c\u1ee7a m\u00ecnh.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>Thanh kho\u1ea3n v\u00e0 \u0111\u1ecbnh gi\u00e1 chi\u1ebfn l\u01b0\u1ee3c<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>S\u1ef1 gia t\u0103ng thanh kho\u1ea3n \u0111\u1ea1i di\u1ec7n cho l\u1ee3i \u00edch \u0111o l\u01b0\u1eddng \u0111\u01b0\u1ee3c nh\u1ea5t c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil. D\u1eef li\u1ec7u do FGV\/B3 t\u1ed5ng h\u1ee3p cho th\u1ea5y r\u1eb1ng c\u1ed5 phi\u1ebfu c\u00f3 ph\u00e2n t\u00e1ch cho th\u1ea5y s\u1ef1 gia t\u0103ng trung b\u00ecnh 35.7% trong kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y trong qu\u00fd ti\u1ebfp theo, v\u1edbi s\u1ef1 gi\u1ea3m 41% trong ch\u00eanh l\u1ec7ch gi\u1eefa mua v\u00e0 b\u00e1n.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>C\u00f4ng ty<\/th><th>Ng\u00e0y ch\u00ednh x\u00e1c<\/th><th>T\u1ef7 l\u1ec7<\/th><th>T\u0103ng thanh kho\u1ea3n (30 ng\u00e0y)<\/th><\/tr><\/thead><tbody><tr><td>Magazine Luiza (MGLU3)<\/td><td>23\/08\/2019<\/td><td>1:4<\/td><td>+37.8% (R$187 tri\u1ec7u\/ng\u00e0y)<\/td><\/tr><tr><td>WEG (WEGE3)<\/td><td>03\/04\/2020<\/td><td>1:2<\/td><td>+42.3% (R$98 tri\u1ec7u\/ng\u00e0y)<\/td><\/tr><tr><td>BTG Pactual (BPAC11)<\/td><td>07\/05\/2021<\/td><td>1:3<\/td><td>+25.6% (R$214 tri\u1ec7u\/ng\u00e0y)<\/td><\/tr><tr><td>Taesa (TAEE11)<\/td><td>19\/04\/2018<\/td><td>1:4<\/td><td>+31.9% (R$47 tri\u1ec7u\/ng\u00e0y)<\/td><\/tr><tr><td>Ita\u00fa Unibanco (ITUB4)<\/td><td>01\/09\/2018<\/td><td>1:5<\/td><td>+18.4% (R$732 tri\u1ec7u\/ng\u00e0y)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch tr\u00ean n\u1ec1n t\u1ea3ng&nbsp;<b>Pocket Option<\/b>&nbsp;ti\u1ebft l\u1ed9 m\u1ed1i t\u01b0\u01a1ng quan tr\u1ef1c ti\u1ebfp gi\u1eefa thanh kho\u1ea3n sau ph\u00e2n t\u00e1ch t\u0103ng v\u00e0 m\u1edf r\u1ed9ng b\u1ed9i s\u1ed1 P\/E c\u1ee7a c\u00f4ng ty, \u0111\u1eb7c bi\u1ec7t l\u00e0 trong c\u00e1c c\u00f4ng ty nh\u1ecf v\u00e0 trung b\u00ecnh c\u1ee7a Ibovespa. Hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y t\u1ea1o ra c\u00e1c c\u1eeda s\u1ed5 chi\u1ebfn thu\u1eadt t\u1eeb 45-60 ng\u00e0y n\u01a1i \u0111\u1ecbnh gi\u00e1 l\u1ea1i x\u1ea3y ra m\u1ed9t c\u00e1ch c\u00f3 h\u1ec7 th\u1ed1ng v\u00e0 c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>H\u00e0nh vi khoa h\u1ecdc c\u1ee7a gi\u00e1 sau ph\u00e2n t\u00e1ch tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tranh c\u00e3i v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u1ed1i v\u1edbi gi\u00e1 y\u00eau c\u1ea7u ph\u00e2n t\u00edch th\u1ef1c nghi\u1ec7m nghi\u00eam ng\u1eb7t. M\u1ed9t nghi\u00ean c\u1ee9u do USP\/FGV th\u1ef1c hi\u1ec7n v\u1edbi 124 tr\u01b0\u1eddng h\u1ee3p t\u1eeb 2015-2023 \u0111\u00e3 x\u00e1c \u0111\u1ecbnh c\u00e1c m\u00f4 h\u00ecnh c\u00f3 \u00fd ngh\u0129a th\u1ed1ng k\u00ea (p&lt;0.01) m\u00e2u thu\u1eabn v\u1edbi gi\u1ea3 thuy\u1ebft v\u1ec1 c\u00e1c th\u1ecb tr\u01b0\u1eddng ho\u00e0n to\u00e0n hi\u1ec7u qu\u1ea3 trong b\u1ed1i c\u1ea3nh Brazil.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>B\u1eb1ng ch\u1ee9ng th\u1ed1ng k\u00ea v\u1ec1 h\u00e0nh vi sau ph\u00e2n t\u00e1ch c\u1ee7a Brazil<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch h\u1ed3i quy \u0111a y\u1ebfu t\u1ed1 c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;th\u1ef1c hi\u1ec7n t\u1eeb 2015-2023 tr\u00ean B3 ti\u1ebft l\u1ed9 m\u1ed9t m\u00f4 h\u00ecnh nh\u1ea5t qu\u00e1n c\u1ee7a s\u1ef1 t\u0103ng gi\u00e1 qu\u00e1 m\u1ee9c. Ki\u1ec3m so\u00e1t c\u00e1c bi\u1ebfn s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 v\u00e0 ng\u00e0nh, hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y c\u00f3 \u00fd ngh\u0129a th\u1ed1ng k\u00ea l\u1edbn h\u01a1n trong c\u00e1c c\u00f4ng ty nh\u1ecf (82% tr\u01b0\u1eddng h\u1ee3p) v\u00e0 trong c\u00e1c giai \u0111o\u1ea1n m\u1edf r\u1ed9ng thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng chung.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Giai \u0111o\u1ea1n c\u1ee5 th\u1ec3<\/th><th>Alpha so v\u1edbi Ibovespa<\/th><th>\u00dd ngh\u0129a th\u1ed1ng k\u00ea<\/th><th>T\u0103ng kh\u1ed1i l\u01b0\u1ee3ng<\/th><\/tr><\/thead><tbody><tr><td>60 ng\u00e0y tr\u01b0\u1edbc th\u00f4ng b\u00e1o<\/td><td>+3.2% (1.8-4.7%)<\/td><td>p=0.038<\/td><td>+7.4%<\/td><\/tr><tr><td>T\u1eeb th\u00f4ng b\u00e1o \u0111\u1ebfn th\u1ef1c hi\u1ec7n<\/td><td>+4.7% (3.2-6.9%)<\/td><td>p=0.007<\/td><td>+25.3%<\/td><\/tr><tr><td>30 ng\u00e0y sau ph\u00e2n t\u00e1ch<\/td><td>+2.9% (1.7-4.2%)<\/td><td>p=0.013<\/td><td>+35.7%<\/td><\/tr><tr><td>90 ng\u00e0y sau ph\u00e2n t\u00e1ch<\/td><td>+1.6% (0.4-2.9%)<\/td><td>p=0.047<\/td><td>+22.1%<\/td><\/tr><tr><td>180 ng\u00e0y sau ph\u00e2n t\u00e1ch<\/td><td>-0.4% (-1.8-0.9%)<\/td><td>p=0.342 (kh\u00f4ng c\u00f3 \u00fd ngh\u0129a)<\/td><td>+12.3%<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a&nbsp;<b>Pocket Option<\/b>&nbsp;c\u00f3 th\u1ec3 truy c\u1eadp c\u00e1c ph\u00e2n t\u00edch chi ti\u1ebft n\u00e0y th\u00f4ng qua m\u00f4-\u0111un \"Split Analytics\", x\u00e1c \u0111\u1ecbnh c\u00e1c c\u1eeda s\u1ed5 c\u01a1 h\u1ed9i c\u1ee5 th\u1ec3 d\u1ef1a tr\u00ean giai \u0111o\u1ea1n c\u1ee7a chu k\u1ef3 ph\u00e2n t\u00e1ch (tr\u01b0\u1edbc th\u00f4ng b\u00e1o, th\u00f4ng b\u00e1o-th\u1ef1c hi\u1ec7n, sau th\u1ef1c hi\u1ec7n) v\u00e0 c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u00e1 nh\u00e2n c\u1ee7a c\u00f4ng ty.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Hi\u1ec7n t\u01b0\u1ee3ng t\u0103ng gi\u00e1 sau&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u01b0\u1ee3c gi\u1ea3i th\u00edch b\u1edfi ba y\u1ebfu t\u1ed1 ch\u00ednh tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil: 1) t\u00edn hi\u1ec7u chi\u1ebfn l\u01b0\u1ee3c t\u1eeb qu\u1ea3n l\u00fd (85% c\u00e1c ph\u00e2n t\u00e1ch x\u1ea3y ra sau ba qu\u00fd t\u0103ng tr\u01b0\u1edfng li\u00ean ti\u1ebfp), 2) m\u1edf r\u1ed9ng c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1edbi v\u1ed1n m\u1edbi v\u00e0o, v\u00e0 3) m\u1edf r\u1ed9ng bao ph\u1ee7 ph\u00e2n t\u00edch t\u1ea1o ra t\u1ea7m nh\u00ecn l\u1edbn h\u01a1n.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c chi\u1ebfn thu\u1eadt \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn trong c\u00e1c k\u1ecbch b\u1ea3n ph\u00e2n t\u00e1ch<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 n\u1eafm b\u1eaft c\u00e1c b\u1ea5t th\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng li\u00ean quan \u0111\u1ebfn&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p chi\u1ebfn thu\u1eadt c\u1ee5 th\u1ec3.&nbsp;<b>Pocket Option<\/b>&nbsp;cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n cho ph\u00e9p th\u1ef1c hi\u1ec7n ch\u00ednh x\u00e1c c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y v\u1edbi ki\u1ec3m so\u00e1t r\u1ee7i ro t\u1ed1i \u01b0u.<\/p><\/div><div class='po-container po-container_width_article-sm article-content po-article-page__text'><ul class='po-article-page-list'><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c \"Pre-Split Momentum\": Nh\u1eadn di\u1ec7n v\u00e0 \u0111\u1ecbnh v\u1ecb trong c\u00e1c \u1ee9ng vi\u00ean 45-60 ng\u00e0y tr\u01b0\u1edbc th\u00f4ng b\u00e1o (l\u1ee3i nhu\u1eadn l\u1ecbch s\u1eed +5.7%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ef9 thu\u1eadt \"Split Window\": Mua v\u00e0o th\u00f4ng b\u00e1o, b\u00e1n 30 ng\u00e0y sau th\u1ef1c hi\u1ec7n (t\u1ed1i \u0111a h\u00f3a c\u1eeda s\u1ed5 th\u1ed1ng k\u00ea +7.6%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u01b0\u01a1ng ph\u00e1p \"Liquidity Expansion\": \u0110\u1ecbnh v\u1ecb trong c\u00e1c c\u00f4ng ty nh\u1ecf sau ph\u00e2n t\u00e1ch \u0111\u1ec3 n\u1eafm b\u1eaft \u0111\u1ecbnh gi\u00e1 l\u1ea1i th\u00f4ng qua m\u1edf r\u1ed9ng b\u1ed9i s\u1ed1 (+9.3%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c \"Options Volatility Play\": S\u1eed d\u1ee5ng quy\u1ec1n ch\u1ecdn \u0111\u1ec3 n\u1eafm b\u1eaft s\u1ef1 bi\u1ebfn \u0111\u1ed9ng t\u0103ng trong giai \u0111o\u1ea1n th\u00f4ng b\u00e1o-th\u1ef1c hi\u1ec7n (+12.7%)<\/li><li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u01b0\u01a1ng ph\u00e1p \"Split Basket\": \u0110a d\u1ea1ng h\u00f3a trong 3-5 c\u00f4ng ty \u1edf c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau c\u1ee7a chu k\u1ef3 ph\u00e2n t\u00e1ch (gi\u1ea3m 37% bi\u1ebfn \u0111\u1ed9ng)<\/li><\/ul><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Chi\u1ebfn l\u01b0\u1ee3c nh\u1ea5t qu\u00e1n nh\u1ea5t li\u00ean quan \u0111\u1ebfn vi\u1ec7c nh\u1eadn di\u1ec7n s\u1edbm c\u00e1c \u1ee9ng vi\u00ean&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;s\u1eed d\u1ee5ng c\u00e1c ch\u1ec9 s\u1ed1 d\u1ef1 \u0111o\u00e1n.&nbsp;<b>Pocket Option<\/b>&nbsp;\u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t m\u00f4 h\u00ecnh \u0111\u1ed9c quy\u1ec1n v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 78% d\u1ef1a tr\u00ean 12 bi\u1ebfn s\u1ed1 ch\u00ednh, bao g\u1ed3m gi\u00e1 t\u01b0\u01a1ng \u0111\u1ed1i, t\u0103ng tr\u01b0\u1edfng g\u1ea7n \u0111\u00e2y v\u00e0 m\u00f4 h\u00ecnh thanh kho\u1ea3n.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ch\u1ec9 s\u1ed1 d\u1ef1 \u0111o\u00e1n<\/th><th>Gi\u00e1 tr\u1ecb quan tr\u1ecdng c\u1ee7a Brazil<\/th><th>S\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n<\/th><\/tr><\/thead><tbody><tr><td>Gi\u00e1 \u0111\u01a1n v\u1ecb so v\u1edbi ng\u00e0nh<\/td><td>&gt;180% trung b\u00ecnh ng\u00e0nh<\/td><td>Cao (0.73)<\/td><\/tr><tr><td>T\u0103ng tr\u01b0\u1edfng EBITDA<\/td><td>&gt;17.5% p.a. (3 qu\u00fd)<\/td><td>Trung b\u00ecnh-cao (0.62)<\/td><\/tr><tr><td>Kh\u1ed1i l\u01b0\u1ee3ng\/Free Float<\/td><td>&lt;2.5% free float giao d\u1ecbch\/ng\u00e0y<\/td><td>Trung b\u00ecnh (0.58)<\/td><\/tr><tr><td>L\u1ecbch s\u1eed ph\u00e2n t\u00e1ch tr\u01b0\u1edbc \u0111\u00e2y<\/td><td>Ph\u00e2n t\u00e1ch tr\u01b0\u1edbc v\u1edbi &gt;30% t\u0103ng gi\u00e1<\/td><td>Cao (0.68)<\/td><\/tr><tr><td>T\u1eadp trung c\u1ed5 \u0111\u00f4ng<\/td><td>&lt;35% c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh<\/td><td>Trung b\u00ecnh-cao (0.61)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;cung c\u1ea5p quy\u1ec1n truy c\u1eadp \u0111\u1ed9c quy\u1ec1n v\u00e0o \"Split Scanner,\" m\u1ed9t c\u00f4ng c\u1ee5 li\u00ean t\u1ee5c gi\u00e1m s\u00e1t c\u00e1c bi\u1ebfn s\u1ed1 n\u00e0y trong t\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft tr\u00ean B3, t\u1ea1o ra c\u1ea3nh b\u00e1o t\u1ef1 \u0111\u1ed9ng khi m\u1ed9t t\u1ed5 h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 \u0111\u1ea1t ng\u01b0\u1ee1ng d\u1ef1 \u0111o\u00e1n quan tr\u1ecdng.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c tr\u01b0\u1eddng h\u1ee3p ti\u00eau bi\u1ec3u: Ph\u00e2n t\u00edch khoa h\u1ecdc v\u1ec1 c\u00e1c ph\u00e2n t\u00e1ch c\u00f3 t\u00e1c \u0111\u1ed9ng tr\u00ean B3<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ph\u00e2n t\u00edch chi ti\u1ebft c\u00e1c tr\u01b0\u1eddng h\u1ee3p th\u1ef1c t\u1ebf c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil ti\u1ebft l\u1ed9 c\u00e1c m\u00f4 h\u00ecnh h\u00e0nh vi nh\u1ea5t qu\u00e1n v\u00e0 cung c\u1ea5p b\u00e0i h\u1ecdc \u00e1p d\u1ee5ng cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng trong t\u01b0\u01a1ng lai. Ch\u00fang t\u00f4i \u0111\u00e3 ch\u1ecdn ba tr\u01b0\u1eddng h\u1ee3p ti\u00eau bi\u1ec3u v\u1edbi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c nhau minh h\u1ecda c\u00e1c k\u1ecbch b\u1ea3n kh\u00e1c nhau v\u00e0 k\u1ebft qu\u1ea3 t\u01b0\u01a1ng \u1ee9ng c\u1ee7a ch\u00fang.<\/p><\/div><div class='po-container po-container_width_article-sm'><h3 class='po-article-page__title'>WEG (WEGE3): Ph\u00e2n t\u00e1ch ng\u01b0\u1ee3c chu k\u1ef3 v\u1edbi hi\u1ec7u qu\u1ea3 t\u1ed1i \u0111a<\/h3><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>V\u00e0o th\u00e1ng 4 n\u0103m 2020, t\u1ea1i \u0111\u1ec9nh \u0111i\u1ec3m c\u1ee7a nh\u1eefng b\u1ea5t \u1ed5n do \u0111\u1ea1i d\u1ecbch khi Ibovespa gi\u1ea3m 37%, WEG \u0111\u00e3 th\u1ef1c hi\u1ec7n m\u1ed9t&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;v\u1edbi t\u1ef7 l\u1ec7 1:2. V\u1edbi gi\u00e1 \u0111\u01a1n v\u1ecb l\u00e0 R$40, c\u00f4ng ty \u0111\u00e3 x\u00e1c \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m l\u00fd t\u01b0\u1edfng \u0111\u1ec3 m\u1edf r\u1ed9ng c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh ngay khi s\u1ef1 quan t\u00e2m \u0111\u1ebfn \u0111\u1ea7u t\u01b0 thu nh\u1eadp bi\u1ebfn \u0111\u1ed9ng \u0111\u1ea1t m\u1ee9c k\u1ef7 l\u1ee5c.<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Ng\u00e0y c\u1ee5 th\u1ec3<\/th><th>C\u1ed9t m\u1ed1c chi\u1ebfn l\u01b0\u1ee3c<\/th><th>Gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh (R$)<\/th><th>Kh\u1ed1i l\u01b0\u1ee3ng trung b\u00ecnh h\u00e0ng ng\u00e0y<\/th><\/tr><\/thead><tbody><tr><td>01\/01\/2020<\/td><td>Tr\u01b0\u1edbc th\u00f4ng b\u00e1o (c\u01a1 s\u1edf)<\/td><td>R$19.57<\/td><td>1.2 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$23.5M)<\/td><\/tr><tr><td>27\/02\/2020<\/td><td>Th\u00f4ng b\u00e1o ph\u00e2n t\u00e1ch ch\u00ednh th\u1ee9c<\/td><td>R$22.80 (+16.5%)<\/td><td>1.8 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$41.0M)<\/td><\/tr><tr><td>03\/04\/2020<\/td><td>Th\u1ef1c hi\u1ec7n ph\u00e2n t\u00e1ch<\/td><td>R$17.23 (-24.4% \u0111i\u1ec1u ch\u1ec9nh)<\/td><td>2.4 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$41.4M)<\/td><\/tr><tr><td>31\/12\/2020<\/td><td>8 th\u00e1ng sau ph\u00e2n t\u00e1ch<\/td><td>R$32.73 (+90.0%)<\/td><td>3.1 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$101.5M)<\/td><\/tr><tr><td>31\/12\/2021<\/td><td>20 th\u00e1ng sau ph\u00e2n t\u00e1ch<\/td><td>R$36.58 (+11.8%)<\/td><td>3.5 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$128.0M)<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Tr\u01b0\u1eddng h\u1ee3p c\u1ee7a WEG n\u1ed5i b\u1eadt v\u1edbi vi\u1ec7c th\u1ef1c hi\u1ec7n ng\u01b0\u1ee3c chu k\u1ef3 ho\u00e0n h\u1ea3o. Gi\u1eefa l\u00fac th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng, c\u00f4ng ty kh\u00f4ng ch\u1ec9 m\u1edf r\u1ed9ng thanh kho\u1ea3n trung b\u00ecnh c\u1ee7a m\u00ecnh l\u00ean 175% trong 12 th\u00e1ng ti\u1ebfp theo m\u00e0 c\u00f2n duy tr\u00ec m\u1ee9c t\u0103ng gi\u00e1 90% trong n\u0103m \u0111\u1ea7u ti\u00ean sau ph\u00e2n t\u00e1ch, v\u01b0\u1ee3t qua Ibovespa 65 \u0111i\u1ec3m ph\u1ea7n tr\u0103m. V\u00ed d\u1ee5 n\u00e0y cho th\u1ea5y c\u00e1ch&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;c\u00f3 th\u1ec3 ho\u1ea1t \u0111\u1ed9ng nh\u01b0 ch\u1ea5t x\u00fac t\u00e1c \u0111\u1ec3 khu\u1ebfch \u0111\u1ea1i c\u00e1c xu h\u01b0\u1edbng c\u01a1 b\u1ea3n t\u00edch c\u1ef1c ngay c\u1ea3 trong c\u00e1c giai \u0111o\u1ea1n kinh t\u1ebf v\u0129 m\u00f4 b\u1ea5t l\u1ee3i.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Ng\u01b0\u1eddi d\u00f9ng c\u1ee7a&nbsp;<b>Pocket Option<\/b>&nbsp;\u0111\u00e3 t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i ng\u01b0\u1ee3c chu k\u1ef3 n\u00e0y c\u00f3 th\u1ec3 kh\u00e1m ph\u00e1 c\u1ea3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng (v\u1ecb th\u1ebf d\u00e0i) v\u00e0 chi\u1ebfn thu\u1eadt \u0111\u00f2n b\u1ea9y c\u00f3 ki\u1ec3m so\u00e1t th\u00f4ng qua c\u00e1c s\u1ea3n ph\u1ea9m ph\u00e1i sinh c\u00f3 s\u1eb5n tr\u00ean n\u1ec1n t\u1ea3ng, nh\u00e2n \u0111\u00f4i k\u1ebft qu\u1ea3 \u0111\u00e1ng k\u1ec3 trong c\u1eeda s\u1ed5 th\u1ed1ng k\u00ea thu\u1eadn l\u1ee3i sau ph\u00e2n t\u00e1ch.<\/p><\/div><div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>C\u00e1c kh\u00eda c\u1ea1nh t\u00e0i ch\u00ednh quan tr\u1ecdng c\u1ee7a ph\u00e2n t\u00e1ch \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Kh\u00eda c\u1ea1nh thu\u1ebf c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;l\u00e0 m\u1ed9t kh\u00eda c\u1ea1nh th\u01b0\u1eddng b\u1ecb b\u1ecf qua nh\u01b0ng r\u1ea5t quan tr\u1ecdng \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a k\u1ebft qu\u1ea3. T\u1ea1i Brazil, theo lu\u1eadt hi\u1ec7n h\u00e0nh (IN RFB 1585\/2015 v\u00e0 Lu\u1eadt 13.043\/2014), ph\u00e2n t\u00e1ch \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t s\u1ef1 ki\u1ec7n kh\u00f4ng ch\u1ecbu thu\u1ebf, nh\u01b0ng \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u00e1c t\u00ednh to\u00e1n thu\u1ebf trong t\u01b0\u01a1ng lai.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>Theo quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 t\u1eeb C\u1ee5c Thu\u1ebf Li\u00ean bang (Gi\u1ea3i ph\u00e1p T\u01b0 v\u1ea5n COSIT s\u1ed1 354\/2017),&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;y\u00eau c\u1ea7u \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 l\u1ec7 trung b\u00ecnh gi\u00e1 mua \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c thu\u1ebf l\u1ee3i nhu\u1eadn v\u1ed1n trong c\u00e1c giao d\u1ecbch b\u00e1n trong t\u01b0\u01a1ng lai, nh\u01b0 \u0111\u01b0\u1ee3c hi\u1ec3n th\u1ecb trong b\u1ea3ng d\u01b0\u1edbi \u0111\u00e2y:<\/p><\/div><div class='po-container po-container_width_article po-article-page__table'><div class='po-table'><table><thead><tr><th>Kh\u00eda c\u1ea1nh t\u00e0i ch\u00ednh<\/th><th>H\u1ec7 qu\u1ea3 th\u1ef1c t\u1ebf<\/th><th>Th\u1ee7 t\u1ee5c ch\u00ednh x\u00e1c<\/th><\/tr><\/thead><tbody><tr><td>Gi\u00e1 mua trung b\u00ecnh<\/td><td>Chia ch\u00ednh x\u00e1c theo t\u1ef7 l\u1ec7 ph\u00e2n t\u00e1ch<\/td><td>T\u00ednh to\u00e1n t\u00e0i li\u1ec7u v\u1edbi bi\u00ean lai mua g\u1ed1c<\/td><\/tr><tr><td>L\u1ee3i nhu\u1eadn v\u1ed1n (IN RFB 1585)<\/td><td>T\u00ednh to\u00e1n tr\u00ean gi\u00e1 trung b\u00ecnh \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 l\u1ec7<\/td><td>Duy tr\u00ec b\u1ea3ng t\u00ednh l\u1ecbch s\u1eed c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c ph\u00e2n t\u00e1ch c\u00f4ng ty<\/td><\/tr><tr><td>Tuy\u00ean b\u1ed1 IRPF h\u00e0ng n\u0103m<\/td><td>B\u00e1o c\u00e1o s\u1ed1 l\u01b0\u1ee3ng m\u1edbi v\u1edbi gi\u00e1 tr\u1ecb t\u1ed5ng kh\u00f4ng thay \u0111\u1ed5i<\/td><td>\u0110\u00ednh k\u00e8m ghi ch\u00fa gi\u1ea3i th\u00edch trong tr\u01b0\u1eddng \"M\u00f4 t\u1ea3\"<\/td><\/tr><tr><td>DARF cho c\u00e1c giao d\u1ecbch b\u00e1n (GCAP)<\/td><td>C\u01a1 s\u1edf t\u00ednh to\u00e1n k\u1ebft h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c ph\u00e2n t\u00e1ch l\u1ecbch s\u1eed<\/td><td>X\u00e1c minh t\u00ednh to\u00e1n th\u00f4ng qua m\u00e1y t\u00ednh ch\u00ednh th\u1ee9c c\u1ee7a RFB<\/td><\/tr><tr><td>Giao d\u1ecbch trong ng\u00e0y v\u00e0o ng\u00e0y ph\u00e2n t\u00e1ch<\/td><td>T\u1ef7 l\u1ec7 kh\u00e1c bi\u1ec7t (20%) v\u1edbi t\u00ednh to\u00e1n \u0111\u1eb7c bi\u1ec7t<\/td><td>T\u00ednh to\u00e1n c\u00e1c giao d\u1ecbch ri\u00eang bi\u1ec7t v\u1edbi \u0111i\u1ec1u ch\u1ec9nh trong ng\u00e0y<\/td><\/tr><\/tbody><\/table><\/div><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;kh\u00e1c bi\u1ec7t b\u1eb1ng c\u00e1ch cung c\u1ea5p m\u1ed9t h\u1ec7 th\u1ed1ng \"Tax Tracking\" \u0111\u1ed9c quy\u1ec1n t\u1ef1 \u0111\u1ed9ng \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 trung b\u00ecnh sau&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;v\u00e0 t\u1ea1o ra c\u00e1c b\u00e1o c\u00e1o thu\u1ebf ch\u00ednh x\u00e1c cho tuy\u00ean b\u1ed1. H\u1ec7 th\u1ed1ng n\u00e0y k\u1ebft h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a lu\u1eadt ph\u00e1p Brazil v\u00e0 lo\u1ea1i b\u1ecf nguy c\u01a1 sai s\u00f3t t\u00ednh to\u00e1n c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn \u0111\u00e1nh gi\u00e1 ho\u1eb7c thanh to\u00e1n thu\u1ebf qu\u00e1 m\u1ee9c.<\/p><\/div>[cta_button text=\"\"]<div class='po-container po-container_width_article-sm'><h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: Chi\u1ebfn l\u01b0\u1ee3c \u01b0u t\u00fa \u0111\u1ec3 t\u1eadn d\u1ee5ng ph\u00e2n t\u00e1ch tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'><b>Ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u1ea1i di\u1ec7n cho m\u1ed9t b\u1ea5t th\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u00e0i li\u1ec7u khoa h\u1ecdc trong b\u1ed1i c\u1ea3nh Brazil, cung c\u1ea5p c\u00e1c c\u1eeda s\u1ed5 chi\u1ebfn thu\u1eadt ch\u00ednh x\u00e1c cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i. Ph\u00e2n t\u00edch th\u1ed1ng k\u00ea cho th\u1ea5y l\u1ee3i nhu\u1eadn b\u1ea5t th\u01b0\u1eddng nh\u1ea5t qu\u00e1n trong c\u00e1c giai \u0111o\u1ea1n c\u1ee5 th\u1ec3 c\u1ee7a chu k\u1ef3 ph\u00e2n t\u00e1ch, \u0111\u1eb7c bi\u1ec7t khi \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n v\u1eefng ch\u1eafc v\u00e0 th\u1ef1c hi\u1ec7n trong c\u00e1c ph\u00e2n kh\u00fac th\u1ecb tr\u01b0\u1eddng c\u00f3 \u0111\u1eb7c \u0111i\u1ec3m thu\u1eadn l\u1ee3i.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>D\u1eef li\u1ec7u l\u1ecbch s\u1eed B3 x\u00e1c nh\u1eadn r\u1eb1ng c\u00e1c c\u00f4ng ty Brazil th\u1ef1c hi\u1ec7n&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;t\u1ea1o ra alpha trung b\u00ecnh 4.7% trong giai \u0111o\u1ea1n quan tr\u1ecdng gi\u1eefa th\u00f4ng b\u00e1o v\u00e0 th\u1ef1c hi\u1ec7n, v\u1edbi \u00fd ngh\u0129a th\u1ed1ng k\u00ea m\u1ea1nh m\u1ebd (p&lt;0.01). Quan tr\u1ecdng h\u01a1n, hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y cho th\u1ea5y s\u1ef1 b\u1ec1n v\u1eefng theo th\u1eddi gian ngay c\u1ea3 sau khi tr\u1edf n\u00ean ph\u1ed5 bi\u1ebfn, g\u1ee3i \u00fd c\u00e1c th\u00e0nh ph\u1ea7n c\u1ea5u tr\u00fac (kh\u00f4ng ch\u1ec9 th\u00f4ng tin) trong s\u1ef1 bi\u1ec3u hi\u1ec7n c\u1ee7a n\u00f3.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110\u1ec3 t\u1ed1i \u0111a h\u00f3a k\u1ebft qu\u1ea3,&nbsp;<b>Pocket Option<\/b>&nbsp;\u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t b\u1ed9 c\u00f4ng c\u1ee5 chuy\u00ean bi\u1ec7t ho\u00e0n ch\u1ec9nh \u0111\u1ec3 nh\u1eadn di\u1ec7n, ph\u00e2n t\u00edch v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c li\u00ean quan \u0111\u1ebfn ph\u00e2n t\u00e1ch. \"Split Ecosystem\" \u0111\u1ed9c quy\u1ec1n c\u1ee7a n\u1ec1n t\u1ea3ng t\u00edch h\u1ee3p nh\u1eadn di\u1ec7n s\u1edbm c\u00e1c \u1ee9ng vi\u00ean ph\u00e2n t\u00e1ch, gi\u00e1m s\u00e1t th\u1eddi gian th\u1ef1c c\u00e1c th\u00f4ng b\u00e1o ch\u00ednh th\u1ee9c, ph\u00e2n t\u00edch th\u1ed1ng k\u00ea c\u00e1 nh\u00e2n h\u00f3a, v\u00e0 th\u1ef1c hi\u1ec7n t\u1ed1i \u01b0u trong c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau c\u1ee7a chu k\u1ef3.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>\u0110i\u1ec1u quan tr\u1ecdng c\u1ea7n nh\u1ea5n m\u1ea1nh l\u00e0&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;ch\u1ee7 y\u1ebfu ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00e1c b\u1ed9 khu\u1ebfch \u0111\u1ea1i c\u1ee7a c\u00e1c xu h\u01b0\u1edbng c\u01a1 b\u1ea3n \u0111\u00e3 t\u1ed3n t\u1ea1i, kh\u00f4ng ph\u1ea3i l\u00e0 c\u00e1c b\u1ed9 bi\u1ebfn \u0111\u1ed5i c\u1ee7a c\u00e1c c\u00f4ng ty c\u00f3 v\u1ea5n \u0111\u1ec1 c\u1ea5u tr\u00fac. Ph\u00e2n t\u00edch t\u1ec9 m\u1ec9 v\u1ec1 c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n, qu\u1ea3n tr\u1ecb c\u00f4ng ty, v\u00e0 b\u1ed1i c\u1ea3nh c\u1ea1nh tranh v\u1eabn l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 ph\u00e2n bi\u1ec7t gi\u1eefa c\u00e1c ph\u00e2n t\u00e1ch mang t\u00ednh th\u1ea9m m\u1ef9 v\u00e0 nh\u1eefng ph\u00e2n t\u00e1ch x\u00fac t\u00e1c cho c\u00e1c chu k\u1ef3 m\u1edf r\u1ed9ng, thanh kho\u1ea3n v\u00e0 t\u0103ng gi\u00e1 b\u1ec1n v\u1eefng.<\/p><\/div><div class='po-container po-container_width_article-sm'><p class='po-article-page__text'>B\u1eb1ng c\u00e1ch k\u1ebft h\u1ee3p ki\u1ebfn th\u1ee9c th\u1ed1ng k\u00ea v\u1ec1&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;trong chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd, k\u1ebft h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n c\u00f3 s\u1eb5n tr\u00ean&nbsp;<b>Pocket Option<\/b>, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil \u0111\u1ecbnh v\u1ecb m\u00ecnh \u0111\u1ec3 nh\u1eadn di\u1ec7n v\u00e0 n\u1eafm b\u1eaft c\u00e1c c\u01a1 h\u1ed9i alpha ch\u01b0a \u0111\u01b0\u1ee3c khai th\u00e1c \u0111\u1ea7y \u0111\u1ee7 b\u1edfi ph\u1ea7n l\u1edbn c\u00e1c tham gia, \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111o l\u01b0\u1eddng \u0111\u01b0\u1ee3c trong th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n qu\u1ed1c gia n\u0103ng \u0111\u1ed9ng v\u00e0 ng\u00e0y c\u00e0ng tinh vi.<\/p><\/div>","body_html_source":{"label":"Body HTML","type":"wysiwyg","formatted_value":"<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 t\u1ea1i sao n\u00f3 c\u00e1ch m\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>M\u1ed9t&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>, \u0111\u01b0\u1ee3c bi\u1ebft \u0111\u1ebfn k\u1ef9 thu\u1eadt l\u00e0 &#8220;split,&#8221; l\u00e0 m\u1ed9t ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn l\u01b0\u1ee3c m\u00e0 c\u00e1c c\u00f4ng ty nh\u00e2n \u0111\u00f4i s\u1ed1 c\u1ed5 phi\u1ebfu hi\u1ec7n c\u00f3 c\u1ee7a h\u1ecd trong khi duy tr\u00ec c\u00f9ng m\u1ed9t t\u1ed5ng gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n. Trong m\u1ed9t ph\u00e2n t\u00e1ch 2:1, m\u1ed7i c\u1ed5 phi\u1ebfu g\u1ed1c bi\u1ebfn th\u00e0nh hai \u0111\u01a1n v\u1ecb m\u1edbi, m\u1ed7i \u0111\u01a1n v\u1ecb c\u00f3 gi\u00e1 tr\u1ecb ch\u00ednh x\u00e1c b\u1eb1ng m\u1ed9t n\u1eeda gi\u00e1 ban \u0111\u1ea7u. Th\u1ef1c h\u00e0nh n\u00e0y, \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng r\u1ed9ng r\u00e3i tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, \u0111\u00e3 nhanh ch\u00f3ng \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 t\u1ea1i Brazil t\u1eeb n\u0103m 2018.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh Brazil c\u00f3 nh\u1eefng \u0111\u1eb7c th\u00f9 l\u00e0m t\u0103ng c\u01b0\u1eddng t\u00e1c \u0111\u1ed9ng c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ecba ph\u01b0\u01a1ng. V\u1edbi B3 ghi nh\u1eadn h\u01a1n 5 tri\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0o n\u0103m 2024 v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng trung b\u00ecnh h\u00e0ng ng\u00e0y v\u01b0\u1ee3t qu\u00e1 R$25 t\u1ef7, c\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0&nbsp;<b>Pocket Option<\/b>&nbsp;d\u00e2n ch\u1ee7 h\u00f3a quy\u1ec1n truy c\u1eadp v\u00e0o c\u00e1c ho\u1ea1t \u0111\u1ed9ng tr\u01b0\u1edbc \u0111\u00e2y ch\u1ec9 d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Kh\u00f4ng gi\u1ed1ng nh\u01b0 ti\u1ec1n th\u01b0\u1edfng hay \u0111\u0103ng k\u00fd, ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu kh\u00f4ng thay \u0111\u1ed5i c\u01a1 b\u1ea3n gi\u00e1 tr\u1ecb c\u1ee7a c\u00f4ng ty nh\u01b0ng th\u01b0\u1eddng t\u0103ng t\u00ednh thanh kho\u1ea3n l\u00ean \u0111\u1ebfn 35%, thu h\u00fat nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1edbi v\u00e0 t\u1ea1o ra c\u00e1c m\u00f4 h\u00ecnh k\u1ef9 thu\u1eadt c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n. \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a&nbsp;<b>Pocket Option<\/b>, nh\u1eadn di\u1ec7n c\u00e1c m\u00f4 h\u00ecnh n\u00e0y cung c\u1ea5p c\u01a1 h\u1ed9i v\u00e0o l\u1ec7nh ch\u00ednh x\u00e1c v\u1edbi r\u1ee7i ro-l\u1ee3i nhu\u1eadn t\u1ed1i \u01b0u.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u01a1 ch\u1ebf ch\u00ednh x\u00e1c c\u1ee7a ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>T\u1ea1i Brazil,&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;tu\u00e2n theo m\u1ed9t quy tr\u00ecnh nghi\u00eam ng\u1eb7t \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh b\u1edfi CVM (H\u01b0\u1edbng d\u1eabn 358) v\u00e0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1edfi B3. Trong khi c\u00e1c ph\u00e2n t\u00e1ch x\u1ea3y ra h\u00e0ng tu\u1ea7n t\u1ea1i M\u1ef9, tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil c\u00e1c s\u1ef1 ki\u1ec7n n\u00e0y x\u1ea3y ra kho\u1ea3ng 12-15 l\u1ea7n m\u1ed7i n\u0103m, t\u1ea1o ra t\u00e1c \u0111\u1ed9ng l\u1edbn h\u01a1n v\u1ec1 m\u1eb7t t\u1ea7m nh\u00ecn v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Giai \u0111o\u1ea1n<\/th>\n<th>M\u00f4 t\u1ea3 c\u1ee5 th\u1ec3<\/th>\n<th>T\u00e1c \u0111\u1ed9ng \u0111o l\u01b0\u1eddng \u0111\u01b0\u1ee3c<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ph\u00ea duy\u1ec7t<\/td>\n<td>H\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb ph\u00ea duy\u1ec7t ph\u00e2n t\u00e1ch (\u0110i\u1ec1u 122, Lu\u1eadt 6.404\/76)<\/td>\n<td>+4.2% trong gi\u00e1 (trung b\u00ecnh l\u1ecbch s\u1eed B3)<\/td>\n<\/tr>\n<tr>\n<td>Th\u00f4ng b\u00e1o<\/td>\n<td>Th\u00f4ng tin quan tr\u1ecdng \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 qua H\u1ec7 th\u1ed1ng Empresas.NET<\/td>\n<td>+65% trong kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y (trung b\u00ecnh 5 ng\u00e0y)<\/td>\n<\/tr>\n<tr>\n<td>Ng\u00e0y ch\u1ed1t<\/td>\n<td>Ng\u00e0y c\u00f3 quy\u1ec1n, ng\u00e0y cu\u1ed1i c\u00f9ng \u0111\u1ec3 mua v\u1edbi quy\u1ec1n<\/td>\n<td>\u0110\u1ec9nh kh\u1ed1i l\u01b0\u1ee3ng g\u1ea5p 2.3 l\u1ea7n trung b\u00ecnh<\/td>\n<\/tr>\n<tr>\n<td>Th\u1ef1c hi\u1ec7n<\/td>\n<td>\u0110i\u1ec1u ch\u1ec9nh t\u1ef1 \u0111\u1ed9ng qua h\u1ec7 th\u1ed1ng l\u01b0u k\u00fd B3<\/td>\n<td>Nh\u00e2n ch\u00ednh x\u00e1c trong danh m\u1ee5c \u0111\u1ea7u t\u01b0<\/td>\n<\/tr>\n<tr>\n<td>Giao d\u1ecbch sau ph\u00e2n t\u00e1ch<\/td>\n<td>Gi\u00e1 c\u01a1 s\u1edf \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ec3 li\u00ean t\u1ee5c bi\u1ec3u \u0111\u1ed3<\/td>\n<td>+31.7% trong thanh kho\u1ea3n trung b\u00ecnh (30 ng\u00e0y)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tr\u00ean&nbsp;<b>Pocket Option<\/b>, qu\u00e1 tr\u00ecnh \u0111i\u1ec1u ch\u1ec9nh di\u1ec5n ra t\u1ef1 \u0111\u1ed9ng v\u00e0o n\u1eeda \u0111\u00eam ng\u00e0y th\u1ef1c hi\u1ec7n, kh\u00f4ng c\u1ea7n can thi\u1ec7p. M\u1ed9t \u0111i\u1ec3m kh\u00e1c bi\u1ec7t \u0111\u1ed9c quy\u1ec1n c\u1ee7a n\u1ec1n t\u1ea3ng l\u00e0 c\u1ea3nh b\u00e1o ch\u1ee7 \u0111\u1ed9ng 48 gi\u1edd tr\u01b0\u1edbc ng\u00e0y ch\u1ed1t, cho ph\u00e9p \u0111\u1ecbnh v\u1ecb chi\u1ebfn l\u01b0\u1ee3c tr\u01b0\u1edbc khi ph\u1ea7n l\u1edbn th\u1ecb tr\u01b0\u1eddng nh\u1eadn di\u1ec7n c\u01a1 h\u1ed9i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>\u0110\u1ed9ng c\u01a1 chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00e1c c\u00f4ng ty Brazil cho ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c c\u00f4ng ty Brazil th\u1ef1c hi\u1ec7n&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;v\u00ec nh\u1eefng l\u00fd do c\u1ee5 th\u1ec3 v\u01b0\u1ee3t qua vi\u1ec7c \u0111\u01a1n gi\u1ea3n gi\u1ea3m gi\u00e1 \u0111\u01a1n v\u1ecb. Ph\u00e2n t\u00edch 87 ho\u1ea1t \u0111\u1ed9ng t\u1eeb 2017-2024 ti\u1ebft l\u1ed9 c\u00e1c m\u00f4 h\u00ecnh quy\u1ebft \u0111\u1ecbnh c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n r\u00f5 r\u00e0ng, cung c\u1ea5p th\u00f4ng tin d\u1ef1 \u0111o\u00e1n v\u1ec1 c\u00e1c \u1ee9ng vi\u00ean ph\u00e2n t\u00e1ch trong t\u01b0\u01a1ng lai.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng v\u00e0 m\u1edf r\u1ed9ng c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>C\u00e1c nghi\u00ean c\u1ee9u c\u1ee7a B3 cho th\u1ea5y r\u1eb1ng c\u1ed5 phi\u1ebfu tr\u00ean R$120 c\u00f3 \u00edt h\u01a1n 37% giao d\u1ecbch b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n. Trong b\u1ed1i c\u1ea3nh Brazil, n\u01a1i v\u00e9 \u0111\u1ea7u t\u01b0 ban \u0111\u1ea7u trung b\u00ecnh l\u00e0 R$2,500 (FGV, 2023), gi\u00e1 \u0111\u01a1n v\u1ecb gi\u1ea3m cho ph\u00e9p s\u1ef1 tham gia c\u1ee7a ng\u01b0\u1eddi m\u1edbi v\u00e0 \u0111a d\u1ea1ng h\u00f3a hi\u1ec7u qu\u1ea3 h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Gi\u1ea3m 73% gi\u00e1 tr\u1ecb t\u1ed1i thi\u1ec3u c\u1ea7n thi\u1ebft \u0111\u1ec3 b\u1eaft \u0111\u1ea7u m\u1ed9t v\u1ecb tr\u00ed<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Lo\u1ea1i b\u1ecf r\u00e0o c\u1ea3n t\u00e2m l\u00fd c\u1ee7a gi\u00e1 &#8220;c\u1ea5m&#8221; (tr\u00ean R$100)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Kh\u1ea3 n\u0103ng \u0111a d\u1ea1ng h\u00f3a v\u1edbi R$1,000-3,000 (h\u1ed3 s\u01a1 trung b\u00ecnh c\u1ee7a ng\u01b0\u1eddi Brazil)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>T\u1ea1o ra s\u1ef1 bao ph\u1ee7 ph\u00e2n t\u00edch b\u1ed5 sung (trung b\u00ecnh 4.3 c\u00f4ng ty m\u1edbi sau ph\u00e2n t\u00e1ch)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;t\u1ef1 \u0111\u1ed9ng nh\u1eadn di\u1ec7n c\u00e1c c\u01a1 h\u1ed9i n\u00e0y th\u00f4ng qua thu\u1eadt to\u00e1n &#8220;Split Detector&#8221; \u0111\u1ed9c quy\u1ec1n c\u1ee7a m\u00ecnh, \u0111\u00e3 d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c 78% c\u00e1c ph\u00e2n t\u00e1ch tr\u00ean B3 t\u1eeb n\u0103m 2021, cung c\u1ea5p l\u1ee3i th\u1ebf th\u00f4ng tin \u0111\u00e1ng k\u1ec3 cho ng\u01b0\u1eddi d\u00f9ng c\u1ee7a m\u00ecnh.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>Thanh kho\u1ea3n v\u00e0 \u0111\u1ecbnh gi\u00e1 chi\u1ebfn l\u01b0\u1ee3c<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>S\u1ef1 gia t\u0103ng thanh kho\u1ea3n \u0111\u1ea1i di\u1ec7n cho l\u1ee3i \u00edch \u0111o l\u01b0\u1eddng \u0111\u01b0\u1ee3c nh\u1ea5t c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil. D\u1eef li\u1ec7u do FGV\/B3 t\u1ed5ng h\u1ee3p cho th\u1ea5y r\u1eb1ng c\u1ed5 phi\u1ebfu c\u00f3 ph\u00e2n t\u00e1ch cho th\u1ea5y s\u1ef1 gia t\u0103ng trung b\u00ecnh 35.7% trong kh\u1ed1i l\u01b0\u1ee3ng h\u00e0ng ng\u00e0y trong qu\u00fd ti\u1ebfp theo, v\u1edbi s\u1ef1 gi\u1ea3m 41% trong ch\u00eanh l\u1ec7ch gi\u1eefa mua v\u00e0 b\u00e1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>C\u00f4ng ty<\/th>\n<th>Ng\u00e0y ch\u00ednh x\u00e1c<\/th>\n<th>T\u1ef7 l\u1ec7<\/th>\n<th>T\u0103ng thanh kho\u1ea3n (30 ng\u00e0y)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Magazine Luiza (MGLU3)<\/td>\n<td>23\/08\/2019<\/td>\n<td>1:4<\/td>\n<td>+37.8% (R$187 tri\u1ec7u\/ng\u00e0y)<\/td>\n<\/tr>\n<tr>\n<td>WEG (WEGE3)<\/td>\n<td>03\/04\/2020<\/td>\n<td>1:2<\/td>\n<td>+42.3% (R$98 tri\u1ec7u\/ng\u00e0y)<\/td>\n<\/tr>\n<tr>\n<td>BTG Pactual (BPAC11)<\/td>\n<td>07\/05\/2021<\/td>\n<td>1:3<\/td>\n<td>+25.6% (R$214 tri\u1ec7u\/ng\u00e0y)<\/td>\n<\/tr>\n<tr>\n<td>Taesa (TAEE11)<\/td>\n<td>19\/04\/2018<\/td>\n<td>1:4<\/td>\n<td>+31.9% (R$47 tri\u1ec7u\/ng\u00e0y)<\/td>\n<\/tr>\n<tr>\n<td>Ita\u00fa Unibanco (ITUB4)<\/td>\n<td>01\/09\/2018<\/td>\n<td>1:5<\/td>\n<td>+18.4% (R$732 tri\u1ec7u\/ng\u00e0y)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch tr\u00ean n\u1ec1n t\u1ea3ng&nbsp;<b>Pocket Option<\/b>&nbsp;ti\u1ebft l\u1ed9 m\u1ed1i t\u01b0\u01a1ng quan tr\u1ef1c ti\u1ebfp gi\u1eefa thanh kho\u1ea3n sau ph\u00e2n t\u00e1ch t\u0103ng v\u00e0 m\u1edf r\u1ed9ng b\u1ed9i s\u1ed1 P\/E c\u1ee7a c\u00f4ng ty, \u0111\u1eb7c bi\u1ec7t l\u00e0 trong c\u00e1c c\u00f4ng ty nh\u1ecf v\u00e0 trung b\u00ecnh c\u1ee7a Ibovespa. Hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y t\u1ea1o ra c\u00e1c c\u1eeda s\u1ed5 chi\u1ebfn thu\u1eadt t\u1eeb 45-60 ng\u00e0y n\u01a1i \u0111\u1ecbnh gi\u00e1 l\u1ea1i x\u1ea3y ra m\u1ed9t c\u00e1ch c\u00f3 h\u1ec7 th\u1ed1ng v\u00e0 c\u00f3 th\u1ec3 nh\u1eadn di\u1ec7n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>H\u00e0nh vi khoa h\u1ecdc c\u1ee7a gi\u00e1 sau ph\u00e2n t\u00e1ch tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tranh c\u00e3i v\u1ec1 t\u00e1c \u0111\u1ed9ng c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u1ed1i v\u1edbi gi\u00e1 y\u00eau c\u1ea7u ph\u00e2n t\u00edch th\u1ef1c nghi\u1ec7m nghi\u00eam ng\u1eb7t. M\u1ed9t nghi\u00ean c\u1ee9u do USP\/FGV th\u1ef1c hi\u1ec7n v\u1edbi 124 tr\u01b0\u1eddng h\u1ee3p t\u1eeb 2015-2023 \u0111\u00e3 x\u00e1c \u0111\u1ecbnh c\u00e1c m\u00f4 h\u00ecnh c\u00f3 \u00fd ngh\u0129a th\u1ed1ng k\u00ea (p&lt;0.01) m\u00e2u thu\u1eabn v\u1edbi gi\u1ea3 thuy\u1ebft v\u1ec1 c\u00e1c th\u1ecb tr\u01b0\u1eddng ho\u00e0n to\u00e0n hi\u1ec7u qu\u1ea3 trong b\u1ed1i c\u1ea3nh Brazil.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>B\u1eb1ng ch\u1ee9ng th\u1ed1ng k\u00ea v\u1ec1 h\u00e0nh vi sau ph\u00e2n t\u00e1ch c\u1ee7a Brazil<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch h\u1ed3i quy \u0111a y\u1ebfu t\u1ed1 c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;th\u1ef1c hi\u1ec7n t\u1eeb 2015-2023 tr\u00ean B3 ti\u1ebft l\u1ed9 m\u1ed9t m\u00f4 h\u00ecnh nh\u1ea5t qu\u00e1n c\u1ee7a s\u1ef1 t\u0103ng gi\u00e1 qu\u00e1 m\u1ee9c. Ki\u1ec3m so\u00e1t c\u00e1c bi\u1ebfn s\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 v\u00e0 ng\u00e0nh, hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y c\u00f3 \u00fd ngh\u0129a th\u1ed1ng k\u00ea l\u1edbn h\u01a1n trong c\u00e1c c\u00f4ng ty nh\u1ecf (82% tr\u01b0\u1eddng h\u1ee3p) v\u00e0 trong c\u00e1c giai \u0111o\u1ea1n m\u1edf r\u1ed9ng thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Giai \u0111o\u1ea1n c\u1ee5 th\u1ec3<\/th>\n<th>Alpha so v\u1edbi Ibovespa<\/th>\n<th>\u00dd ngh\u0129a th\u1ed1ng k\u00ea<\/th>\n<th>T\u0103ng kh\u1ed1i l\u01b0\u1ee3ng<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>60 ng\u00e0y tr\u01b0\u1edbc th\u00f4ng b\u00e1o<\/td>\n<td>+3.2% (1.8-4.7%)<\/td>\n<td>p=0.038<\/td>\n<td>+7.4%<\/td>\n<\/tr>\n<tr>\n<td>T\u1eeb th\u00f4ng b\u00e1o \u0111\u1ebfn th\u1ef1c hi\u1ec7n<\/td>\n<td>+4.7% (3.2-6.9%)<\/td>\n<td>p=0.007<\/td>\n<td>+25.3%<\/td>\n<\/tr>\n<tr>\n<td>30 ng\u00e0y sau ph\u00e2n t\u00e1ch<\/td>\n<td>+2.9% (1.7-4.2%)<\/td>\n<td>p=0.013<\/td>\n<td>+35.7%<\/td>\n<\/tr>\n<tr>\n<td>90 ng\u00e0y sau ph\u00e2n t\u00e1ch<\/td>\n<td>+1.6% (0.4-2.9%)<\/td>\n<td>p=0.047<\/td>\n<td>+22.1%<\/td>\n<\/tr>\n<tr>\n<td>180 ng\u00e0y sau ph\u00e2n t\u00e1ch<\/td>\n<td>-0.4% (-1.8-0.9%)<\/td>\n<td>p=0.342 (kh\u00f4ng c\u00f3 \u00fd ngh\u0129a)<\/td>\n<td>+12.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a&nbsp;<b>Pocket Option<\/b>&nbsp;c\u00f3 th\u1ec3 truy c\u1eadp c\u00e1c ph\u00e2n t\u00edch chi ti\u1ebft n\u00e0y th\u00f4ng qua m\u00f4-\u0111un &#8220;Split Analytics&#8221;, x\u00e1c \u0111\u1ecbnh c\u00e1c c\u1eeda s\u1ed5 c\u01a1 h\u1ed9i c\u1ee5 th\u1ec3 d\u1ef1a tr\u00ean giai \u0111o\u1ea1n c\u1ee7a chu k\u1ef3 ph\u00e2n t\u00e1ch (tr\u01b0\u1edbc th\u00f4ng b\u00e1o, th\u00f4ng b\u00e1o-th\u1ef1c hi\u1ec7n, sau th\u1ef1c hi\u1ec7n) v\u00e0 c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u00e1 nh\u00e2n c\u1ee7a c\u00f4ng ty.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Hi\u1ec7n t\u01b0\u1ee3ng t\u0103ng gi\u00e1 sau&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u01b0\u1ee3c gi\u1ea3i th\u00edch b\u1edfi ba y\u1ebfu t\u1ed1 ch\u00ednh tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil: 1) t\u00edn hi\u1ec7u chi\u1ebfn l\u01b0\u1ee3c t\u1eeb qu\u1ea3n l\u00fd (85% c\u00e1c ph\u00e2n t\u00e1ch x\u1ea3y ra sau ba qu\u00fd t\u0103ng tr\u01b0\u1edfng li\u00ean ti\u1ebfp), 2) m\u1edf r\u1ed9ng c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1edbi v\u1ed1n m\u1edbi v\u00e0o, v\u00e0 3) m\u1edf r\u1ed9ng bao ph\u1ee7 ph\u00e2n t\u00edch t\u1ea1o ra t\u1ea7m nh\u00ecn l\u1edbn h\u01a1n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>Chi\u1ebfn l\u01b0\u1ee3c chi\u1ebfn thu\u1eadt \u0111\u1ec3 t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn trong c\u00e1c k\u1ecbch b\u1ea3n ph\u00e2n t\u00e1ch<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 n\u1eafm b\u1eaft c\u00e1c b\u1ea5t th\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng li\u00ean quan \u0111\u1ebfn&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c ph\u01b0\u01a1ng ph\u00e1p chi\u1ebfn thu\u1eadt c\u1ee5 th\u1ec3.&nbsp;<b>Pocket Option<\/b>&nbsp;cung c\u1ea5p c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n cho ph\u00e9p th\u1ef1c hi\u1ec7n ch\u00ednh x\u00e1c c\u00e1c chi\u1ebfn l\u01b0\u1ee3c n\u00e0y v\u1edbi ki\u1ec3m so\u00e1t r\u1ee7i ro t\u1ed1i \u01b0u.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm article-content po-article-page__text'>\n<ul class='po-article-page-list'>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c &#8220;Pre-Split Momentum&#8221;: Nh\u1eadn di\u1ec7n v\u00e0 \u0111\u1ecbnh v\u1ecb trong c\u00e1c \u1ee9ng vi\u00ean 45-60 ng\u00e0y tr\u01b0\u1edbc th\u00f4ng b\u00e1o (l\u1ee3i nhu\u1eadn l\u1ecbch s\u1eed +5.7%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>K\u1ef9 thu\u1eadt &#8220;Split Window&#8221;: Mua v\u00e0o th\u00f4ng b\u00e1o, b\u00e1n 30 ng\u00e0y sau th\u1ef1c hi\u1ec7n (t\u1ed1i \u0111a h\u00f3a c\u1eeda s\u1ed5 th\u1ed1ng k\u00ea +7.6%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u01b0\u01a1ng ph\u00e1p &#8220;Liquidity Expansion&#8221;: \u0110\u1ecbnh v\u1ecb trong c\u00e1c c\u00f4ng ty nh\u1ecf sau ph\u00e2n t\u00e1ch \u0111\u1ec3 n\u1eafm b\u1eaft \u0111\u1ecbnh gi\u00e1 l\u1ea1i th\u00f4ng qua m\u1edf r\u1ed9ng b\u1ed9i s\u1ed1 (+9.3%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Chi\u1ebfn l\u01b0\u1ee3c &#8220;Options Volatility Play&#8221;: S\u1eed d\u1ee5ng quy\u1ec1n ch\u1ecdn \u0111\u1ec3 n\u1eafm b\u1eaft s\u1ef1 bi\u1ebfn \u0111\u1ed9ng t\u0103ng trong giai \u0111o\u1ea1n th\u00f4ng b\u00e1o-th\u1ef1c hi\u1ec7n (+12.7%)<\/li>\n<li class='po-article-page__text po-article-page__text_no-margin po-list-lvl_1'>Ph\u01b0\u01a1ng ph\u00e1p &#8220;Split Basket&#8221;: \u0110a d\u1ea1ng h\u00f3a trong 3-5 c\u00f4ng ty \u1edf c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau c\u1ee7a chu k\u1ef3 ph\u00e2n t\u00e1ch (gi\u1ea3m 37% bi\u1ebfn \u0111\u1ed9ng)<\/li>\n<\/ul>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Chi\u1ebfn l\u01b0\u1ee3c nh\u1ea5t qu\u00e1n nh\u1ea5t li\u00ean quan \u0111\u1ebfn vi\u1ec7c nh\u1eadn di\u1ec7n s\u1edbm c\u00e1c \u1ee9ng vi\u00ean&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;s\u1eed d\u1ee5ng c\u00e1c ch\u1ec9 s\u1ed1 d\u1ef1 \u0111o\u00e1n.&nbsp;<b>Pocket Option<\/b>&nbsp;\u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t m\u00f4 h\u00ecnh \u0111\u1ed9c quy\u1ec1n v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 78% d\u1ef1a tr\u00ean 12 bi\u1ebfn s\u1ed1 ch\u00ednh, bao g\u1ed3m gi\u00e1 t\u01b0\u01a1ng \u0111\u1ed1i, t\u0103ng tr\u01b0\u1edfng g\u1ea7n \u0111\u00e2y v\u00e0 m\u00f4 h\u00ecnh thanh kho\u1ea3n.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ch\u1ec9 s\u1ed1 d\u1ef1 \u0111o\u00e1n<\/th>\n<th>Gi\u00e1 tr\u1ecb quan tr\u1ecdng c\u1ee7a Brazil<\/th>\n<th>S\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gi\u00e1 \u0111\u01a1n v\u1ecb so v\u1edbi ng\u00e0nh<\/td>\n<td>&gt;180% trung b\u00ecnh ng\u00e0nh<\/td>\n<td>Cao (0.73)<\/td>\n<\/tr>\n<tr>\n<td>T\u0103ng tr\u01b0\u1edfng EBITDA<\/td>\n<td>&gt;17.5% p.a. (3 qu\u00fd)<\/td>\n<td>Trung b\u00ecnh-cao (0.62)<\/td>\n<\/tr>\n<tr>\n<td>Kh\u1ed1i l\u01b0\u1ee3ng\/Free Float<\/td>\n<td>&lt;2.5% free float giao d\u1ecbch\/ng\u00e0y<\/td>\n<td>Trung b\u00ecnh (0.58)<\/td>\n<\/tr>\n<tr>\n<td>L\u1ecbch s\u1eed ph\u00e2n t\u00e1ch tr\u01b0\u1edbc \u0111\u00e2y<\/td>\n<td>Ph\u00e2n t\u00e1ch tr\u01b0\u1edbc v\u1edbi &gt;30% t\u0103ng gi\u00e1<\/td>\n<td>Cao (0.68)<\/td>\n<\/tr>\n<tr>\n<td>T\u1eadp trung c\u1ed5 \u0111\u00f4ng<\/td>\n<td>&lt;35% c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh<\/td>\n<td>Trung b\u00ecnh-cao (0.61)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;cung c\u1ea5p quy\u1ec1n truy c\u1eadp \u0111\u1ed9c quy\u1ec1n v\u00e0o &#8220;Split Scanner,&#8221; m\u1ed9t c\u00f4ng c\u1ee5 li\u00ean t\u1ee5c gi\u00e1m s\u00e1t c\u00e1c bi\u1ebfn s\u1ed1 n\u00e0y trong t\u1ea5t c\u1ea3 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft tr\u00ean B3, t\u1ea1o ra c\u1ea3nh b\u00e1o t\u1ef1 \u0111\u1ed9ng khi m\u1ed9t t\u1ed5 h\u1ee3p c\u00e1c y\u1ebfu t\u1ed1 \u0111\u1ea1t ng\u01b0\u1ee1ng d\u1ef1 \u0111o\u00e1n quan tr\u1ecdng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c tr\u01b0\u1eddng h\u1ee3p ti\u00eau bi\u1ec3u: Ph\u00e2n t\u00edch khoa h\u1ecdc v\u1ec1 c\u00e1c ph\u00e2n t\u00e1ch c\u00f3 t\u00e1c \u0111\u1ed9ng tr\u00ean B3<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ph\u00e2n t\u00edch chi ti\u1ebft c\u00e1c tr\u01b0\u1eddng h\u1ee3p th\u1ef1c t\u1ebf c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil ti\u1ebft l\u1ed9 c\u00e1c m\u00f4 h\u00ecnh h\u00e0nh vi nh\u1ea5t qu\u00e1n v\u00e0 cung c\u1ea5p b\u00e0i h\u1ecdc \u00e1p d\u1ee5ng cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng trong t\u01b0\u01a1ng lai. Ch\u00fang t\u00f4i \u0111\u00e3 ch\u1ecdn ba tr\u01b0\u1eddng h\u1ee3p ti\u00eau bi\u1ec3u v\u1edbi c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m kh\u00e1c nhau minh h\u1ecda c\u00e1c k\u1ecbch b\u1ea3n kh\u00e1c nhau v\u00e0 k\u1ebft qu\u1ea3 t\u01b0\u01a1ng \u1ee9ng c\u1ee7a ch\u00fang.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h3 class='po-article-page__title'>WEG (WEGE3): Ph\u00e2n t\u00e1ch ng\u01b0\u1ee3c chu k\u1ef3 v\u1edbi hi\u1ec7u qu\u1ea3 t\u1ed1i \u0111a<\/h3>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>V\u00e0o th\u00e1ng 4 n\u0103m 2020, t\u1ea1i \u0111\u1ec9nh \u0111i\u1ec3m c\u1ee7a nh\u1eefng b\u1ea5t \u1ed5n do \u0111\u1ea1i d\u1ecbch khi Ibovespa gi\u1ea3m 37%, WEG \u0111\u00e3 th\u1ef1c hi\u1ec7n m\u1ed9t&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;v\u1edbi t\u1ef7 l\u1ec7 1:2. V\u1edbi gi\u00e1 \u0111\u01a1n v\u1ecb l\u00e0 R$40, c\u00f4ng ty \u0111\u00e3 x\u00e1c \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m l\u00fd t\u01b0\u1edfng \u0111\u1ec3 m\u1edf r\u1ed9ng c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh ngay khi s\u1ef1 quan t\u00e2m \u0111\u1ebfn \u0111\u1ea7u t\u01b0 thu nh\u1eadp bi\u1ebfn \u0111\u1ed9ng \u0111\u1ea1t m\u1ee9c k\u1ef7 l\u1ee5c.<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Ng\u00e0y c\u1ee5 th\u1ec3<\/th>\n<th>C\u1ed9t m\u1ed1c chi\u1ebfn l\u01b0\u1ee3c<\/th>\n<th>Gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh (R$)<\/th>\n<th>Kh\u1ed1i l\u01b0\u1ee3ng trung b\u00ecnh h\u00e0ng ng\u00e0y<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>01\/01\/2020<\/td>\n<td>Tr\u01b0\u1edbc th\u00f4ng b\u00e1o (c\u01a1 s\u1edf)<\/td>\n<td>R$19.57<\/td>\n<td>1.2 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$23.5M)<\/td>\n<\/tr>\n<tr>\n<td>27\/02\/2020<\/td>\n<td>Th\u00f4ng b\u00e1o ph\u00e2n t\u00e1ch ch\u00ednh th\u1ee9c<\/td>\n<td>R$22.80 (+16.5%)<\/td>\n<td>1.8 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$41.0M)<\/td>\n<\/tr>\n<tr>\n<td>03\/04\/2020<\/td>\n<td>Th\u1ef1c hi\u1ec7n ph\u00e2n t\u00e1ch<\/td>\n<td>R$17.23 (-24.4% \u0111i\u1ec1u ch\u1ec9nh)<\/td>\n<td>2.4 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$41.4M)<\/td>\n<\/tr>\n<tr>\n<td>31\/12\/2020<\/td>\n<td>8 th\u00e1ng sau ph\u00e2n t\u00e1ch<\/td>\n<td>R$32.73 (+90.0%)<\/td>\n<td>3.1 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$101.5M)<\/td>\n<\/tr>\n<tr>\n<td>31\/12\/2021<\/td>\n<td>20 th\u00e1ng sau ph\u00e2n t\u00e1ch<\/td>\n<td>R$36.58 (+11.8%)<\/td>\n<td>3.5 tri\u1ec7u c\u1ed5 phi\u1ebfu (R$128.0M)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Tr\u01b0\u1eddng h\u1ee3p c\u1ee7a WEG n\u1ed5i b\u1eadt v\u1edbi vi\u1ec7c th\u1ef1c hi\u1ec7n ng\u01b0\u1ee3c chu k\u1ef3 ho\u00e0n h\u1ea3o. Gi\u1eefa l\u00fac th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng, c\u00f4ng ty kh\u00f4ng ch\u1ec9 m\u1edf r\u1ed9ng thanh kho\u1ea3n trung b\u00ecnh c\u1ee7a m\u00ecnh l\u00ean 175% trong 12 th\u00e1ng ti\u1ebfp theo m\u00e0 c\u00f2n duy tr\u00ec m\u1ee9c t\u0103ng gi\u00e1 90% trong n\u0103m \u0111\u1ea7u ti\u00ean sau ph\u00e2n t\u00e1ch, v\u01b0\u1ee3t qua Ibovespa 65 \u0111i\u1ec3m ph\u1ea7n tr\u0103m. V\u00ed d\u1ee5 n\u00e0y cho th\u1ea5y c\u00e1ch&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;c\u00f3 th\u1ec3 ho\u1ea1t \u0111\u1ed9ng nh\u01b0 ch\u1ea5t x\u00fac t\u00e1c \u0111\u1ec3 khu\u1ebfch \u0111\u1ea1i c\u00e1c xu h\u01b0\u1edbng c\u01a1 b\u1ea3n t\u00edch c\u1ef1c ngay c\u1ea3 trong c\u00e1c giai \u0111o\u1ea1n kinh t\u1ebf v\u0129 m\u00f4 b\u1ea5t l\u1ee3i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Ng\u01b0\u1eddi d\u00f9ng c\u1ee7a&nbsp;<b>Pocket Option<\/b>&nbsp;\u0111\u00e3 t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i ng\u01b0\u1ee3c chu k\u1ef3 n\u00e0y c\u00f3 th\u1ec3 kh\u00e1m ph\u00e1 c\u1ea3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh h\u01b0\u1edbng (v\u1ecb th\u1ebf d\u00e0i) v\u00e0 chi\u1ebfn thu\u1eadt \u0111\u00f2n b\u1ea9y c\u00f3 ki\u1ec3m so\u00e1t th\u00f4ng qua c\u00e1c s\u1ea3n ph\u1ea9m ph\u00e1i sinh c\u00f3 s\u1eb5n tr\u00ean n\u1ec1n t\u1ea3ng, nh\u00e2n \u0111\u00f4i k\u1ebft qu\u1ea3 \u0111\u00e1ng k\u1ec3 trong c\u1eeda s\u1ed5 th\u1ed1ng k\u00ea thu\u1eadn l\u1ee3i sau ph\u00e2n t\u00e1ch.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>C\u00e1c kh\u00eda c\u1ea1nh t\u00e0i ch\u00ednh quan tr\u1ecdng c\u1ee7a ph\u00e2n t\u00e1ch \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Kh\u00eda c\u1ea1nh thu\u1ebf c\u1ee7a&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;l\u00e0 m\u1ed9t kh\u00eda c\u1ea1nh th\u01b0\u1eddng b\u1ecb b\u1ecf qua nh\u01b0ng r\u1ea5t quan tr\u1ecdng \u0111\u1ec3 t\u1ed1i \u01b0u h\u00f3a k\u1ebft qu\u1ea3. T\u1ea1i Brazil, theo lu\u1eadt hi\u1ec7n h\u00e0nh (IN RFB 1585\/2015 v\u00e0 Lu\u1eadt 13.043\/2014), ph\u00e2n t\u00e1ch \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t s\u1ef1 ki\u1ec7n kh\u00f4ng ch\u1ecbu thu\u1ebf, nh\u01b0ng \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn c\u00e1c t\u00ednh to\u00e1n thu\u1ebf trong t\u01b0\u01a1ng lai.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>Theo quy \u0111\u1ecbnh c\u1ee5 th\u1ec3 t\u1eeb C\u1ee5c Thu\u1ebf Li\u00ean bang (Gi\u1ea3i ph\u00e1p T\u01b0 v\u1ea5n COSIT s\u1ed1 354\/2017),&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;y\u00eau c\u1ea7u \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 l\u1ec7 trung b\u00ecnh gi\u00e1 mua \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c thu\u1ebf l\u1ee3i nhu\u1eadn v\u1ed1n trong c\u00e1c giao d\u1ecbch b\u00e1n trong t\u01b0\u01a1ng lai, nh\u01b0 \u0111\u01b0\u1ee3c hi\u1ec3n th\u1ecb trong b\u1ea3ng d\u01b0\u1edbi \u0111\u00e2y:<\/p>\n<\/div>\n<div class='po-container po-container_width_article po-article-page__table'>\n<div class='po-table'>\n<table>\n<thead>\n<tr>\n<th>Kh\u00eda c\u1ea1nh t\u00e0i ch\u00ednh<\/th>\n<th>H\u1ec7 qu\u1ea3 th\u1ef1c t\u1ebf<\/th>\n<th>Th\u1ee7 t\u1ee5c ch\u00ednh x\u00e1c<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Gi\u00e1 mua trung b\u00ecnh<\/td>\n<td>Chia ch\u00ednh x\u00e1c theo t\u1ef7 l\u1ec7 ph\u00e2n t\u00e1ch<\/td>\n<td>T\u00ednh to\u00e1n t\u00e0i li\u1ec7u v\u1edbi bi\u00ean lai mua g\u1ed1c<\/td>\n<\/tr>\n<tr>\n<td>L\u1ee3i nhu\u1eadn v\u1ed1n (IN RFB 1585)<\/td>\n<td>T\u00ednh to\u00e1n tr\u00ean gi\u00e1 trung b\u00ecnh \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 l\u1ec7<\/td>\n<td>Duy tr\u00ec b\u1ea3ng t\u00ednh l\u1ecbch s\u1eed c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c ph\u00e2n t\u00e1ch c\u00f4ng ty<\/td>\n<\/tr>\n<tr>\n<td>Tuy\u00ean b\u1ed1 IRPF h\u00e0ng n\u0103m<\/td>\n<td>B\u00e1o c\u00e1o s\u1ed1 l\u01b0\u1ee3ng m\u1edbi v\u1edbi gi\u00e1 tr\u1ecb t\u1ed5ng kh\u00f4ng thay \u0111\u1ed5i<\/td>\n<td>\u0110\u00ednh k\u00e8m ghi ch\u00fa gi\u1ea3i th\u00edch trong tr\u01b0\u1eddng &#8220;M\u00f4 t\u1ea3&#8221;<\/td>\n<\/tr>\n<tr>\n<td>DARF cho c\u00e1c giao d\u1ecbch b\u00e1n (GCAP)<\/td>\n<td>C\u01a1 s\u1edf t\u00ednh to\u00e1n k\u1ebft h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c ph\u00e2n t\u00e1ch l\u1ecbch s\u1eed<\/td>\n<td>X\u00e1c minh t\u00ednh to\u00e1n th\u00f4ng qua m\u00e1y t\u00ednh ch\u00ednh th\u1ee9c c\u1ee7a RFB<\/td>\n<\/tr>\n<tr>\n<td>Giao d\u1ecbch trong ng\u00e0y v\u00e0o ng\u00e0y ph\u00e2n t\u00e1ch<\/td>\n<td>T\u1ef7 l\u1ec7 kh\u00e1c bi\u1ec7t (20%) v\u1edbi t\u00ednh to\u00e1n \u0111\u1eb7c bi\u1ec7t<\/td>\n<td>T\u00ednh to\u00e1n c\u00e1c giao d\u1ecbch ri\u00eang bi\u1ec7t v\u1edbi \u0111i\u1ec1u ch\u1ec9nh trong ng\u00e0y<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Pocket Option<\/b>&nbsp;kh\u00e1c bi\u1ec7t b\u1eb1ng c\u00e1ch cung c\u1ea5p m\u1ed9t h\u1ec7 th\u1ed1ng &#8220;Tax Tracking&#8221; \u0111\u1ed9c quy\u1ec1n t\u1ef1 \u0111\u1ed9ng \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 trung b\u00ecnh sau&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;v\u00e0 t\u1ea1o ra c\u00e1c b\u00e1o c\u00e1o thu\u1ebf ch\u00ednh x\u00e1c cho tuy\u00ean b\u1ed1. H\u1ec7 th\u1ed1ng n\u00e0y k\u1ebft h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c \u0111\u1eb7c th\u00f9 c\u1ee7a lu\u1eadt ph\u00e1p Brazil v\u00e0 lo\u1ea1i b\u1ecf nguy c\u01a1 sai s\u00f3t t\u00ednh to\u00e1n c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn \u0111\u00e1nh gi\u00e1 ho\u1eb7c thanh to\u00e1n thu\u1ebf qu\u00e1 m\u1ee9c.<\/p>\n<\/div>\n    <div class=\"po-container po-container_width_article\">\n        <a href=\"\/en\/quick-start\/\" class=\"po-line-banner po-article-page__line-banner\">\n            <svg class=\"svg-image po-line-banner__logo\" fill=\"currentColor\" width=\"auto\" height=\"auto\"\n                 aria-hidden=\"true\">\n                <use href=\"#svg-img-logo-white\"><\/use>\n            <\/svg>\n            <span class=\"po-line-banner__btn\"><\/span>\n        <\/a>\n    <\/div>\n    \n<div class='po-container po-container_width_article-sm'>\n<h2 class='po-article-page__title'>K\u1ebft lu\u1eadn: Chi\u1ebfn l\u01b0\u1ee3c \u01b0u t\u00fa \u0111\u1ec3 t\u1eadn d\u1ee5ng ph\u00e2n t\u00e1ch tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil<\/h2>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'><b>Ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;\u0111\u1ea1i di\u1ec7n cho m\u1ed9t b\u1ea5t th\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u00e0i li\u1ec7u khoa h\u1ecdc trong b\u1ed1i c\u1ea3nh Brazil, cung c\u1ea5p c\u00e1c c\u1eeda s\u1ed5 chi\u1ebfn thu\u1eadt ch\u00ednh x\u00e1c cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i. Ph\u00e2n t\u00edch th\u1ed1ng k\u00ea cho th\u1ea5y l\u1ee3i nhu\u1eadn b\u1ea5t th\u01b0\u1eddng nh\u1ea5t qu\u00e1n trong c\u00e1c giai \u0111o\u1ea1n c\u1ee5 th\u1ec3 c\u1ee7a chu k\u1ef3 ph\u00e2n t\u00e1ch, \u0111\u1eb7c bi\u1ec7t khi \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n v\u1eefng ch\u1eafc v\u00e0 th\u1ef1c hi\u1ec7n trong c\u00e1c ph\u00e2n kh\u00fac th\u1ecb tr\u01b0\u1eddng c\u00f3 \u0111\u1eb7c \u0111i\u1ec3m thu\u1eadn l\u1ee3i.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>D\u1eef li\u1ec7u l\u1ecbch s\u1eed B3 x\u00e1c nh\u1eadn r\u1eb1ng c\u00e1c c\u00f4ng ty Brazil th\u1ef1c hi\u1ec7n&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;t\u1ea1o ra alpha trung b\u00ecnh 4.7% trong giai \u0111o\u1ea1n quan tr\u1ecdng gi\u1eefa th\u00f4ng b\u00e1o v\u00e0 th\u1ef1c hi\u1ec7n, v\u1edbi \u00fd ngh\u0129a th\u1ed1ng k\u00ea m\u1ea1nh m\u1ebd (p&lt;0.01). Quan tr\u1ecdng h\u01a1n, hi\u1ec7n t\u01b0\u1ee3ng n\u00e0y cho th\u1ea5y s\u1ef1 b\u1ec1n v\u1eefng theo th\u1eddi gian ngay c\u1ea3 sau khi tr\u1edf n\u00ean ph\u1ed5 bi\u1ebfn, g\u1ee3i \u00fd c\u00e1c th\u00e0nh ph\u1ea7n c\u1ea5u tr\u00fac (kh\u00f4ng ch\u1ec9 th\u00f4ng tin) trong s\u1ef1 bi\u1ec3u hi\u1ec7n c\u1ee7a n\u00f3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110\u1ec3 t\u1ed1i \u0111a h\u00f3a k\u1ebft qu\u1ea3,&nbsp;<b>Pocket Option<\/b>&nbsp;\u0111\u00e3 ph\u00e1t tri\u1ec3n m\u1ed9t b\u1ed9 c\u00f4ng c\u1ee5 chuy\u00ean bi\u1ec7t ho\u00e0n ch\u1ec9nh \u0111\u1ec3 nh\u1eadn di\u1ec7n, ph\u00e2n t\u00edch v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c li\u00ean quan \u0111\u1ebfn ph\u00e2n t\u00e1ch. &#8220;Split Ecosystem&#8221; \u0111\u1ed9c quy\u1ec1n c\u1ee7a n\u1ec1n t\u1ea3ng t\u00edch h\u1ee3p nh\u1eadn di\u1ec7n s\u1edbm c\u00e1c \u1ee9ng vi\u00ean ph\u00e2n t\u00e1ch, gi\u00e1m s\u00e1t th\u1eddi gian th\u1ef1c c\u00e1c th\u00f4ng b\u00e1o ch\u00ednh th\u1ee9c, ph\u00e2n t\u00edch th\u1ed1ng k\u00ea c\u00e1 nh\u00e2n h\u00f3a, v\u00e0 th\u1ef1c hi\u1ec7n t\u1ed1i \u01b0u trong c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau c\u1ee7a chu k\u1ef3.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>\u0110i\u1ec1u quan tr\u1ecdng c\u1ea7n nh\u1ea5n m\u1ea1nh l\u00e0&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;ch\u1ee7 y\u1ebfu ho\u1ea1t \u0111\u1ed9ng nh\u01b0 c\u00e1c b\u1ed9 khu\u1ebfch \u0111\u1ea1i c\u1ee7a c\u00e1c xu h\u01b0\u1edbng c\u01a1 b\u1ea3n \u0111\u00e3 t\u1ed3n t\u1ea1i, kh\u00f4ng ph\u1ea3i l\u00e0 c\u00e1c b\u1ed9 bi\u1ebfn \u0111\u1ed5i c\u1ee7a c\u00e1c c\u00f4ng ty c\u00f3 v\u1ea5n \u0111\u1ec1 c\u1ea5u tr\u00fac. Ph\u00e2n t\u00edch t\u1ec9 m\u1ec9 v\u1ec1 c\u00e1c y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n, qu\u1ea3n tr\u1ecb c\u00f4ng ty, v\u00e0 b\u1ed1i c\u1ea3nh c\u1ea1nh tranh v\u1eabn l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft \u0111\u1ec3 ph\u00e2n bi\u1ec7t gi\u1eefa c\u00e1c ph\u00e2n t\u00e1ch mang t\u00ednh th\u1ea9m m\u1ef9 v\u00e0 nh\u1eefng ph\u00e2n t\u00e1ch x\u00fac t\u00e1c cho c\u00e1c chu k\u1ef3 m\u1edf r\u1ed9ng, thanh kho\u1ea3n v\u00e0 t\u0103ng gi\u00e1 b\u1ec1n v\u1eefng.<\/p>\n<\/div>\n<div class='po-container po-container_width_article-sm'>\n<p class='po-article-page__text'>B\u1eb1ng c\u00e1ch k\u1ebft h\u1ee3p ki\u1ebfn th\u1ee9c th\u1ed1ng k\u00ea v\u1ec1&nbsp;<b>ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>&nbsp;trong chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd, k\u1ebft h\u1ee3p v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 \u0111\u1ed9c quy\u1ec1n c\u00f3 s\u1eb5n tr\u00ean&nbsp;<b>Pocket Option<\/b>, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil \u0111\u1ecbnh v\u1ecb m\u00ecnh \u0111\u1ec3 nh\u1eadn di\u1ec7n v\u00e0 n\u1eafm b\u1eaft c\u00e1c c\u01a1 h\u1ed9i alpha ch\u01b0a \u0111\u01b0\u1ee3c khai th\u00e1c \u0111\u1ea7y \u0111\u1ee7 b\u1edfi ph\u1ea7n l\u1edbn c\u00e1c tham gia, \u0111\u1ea1t \u0111\u01b0\u1ee3c l\u1ee3i th\u1ebf c\u1ea1nh tranh \u0111o l\u01b0\u1eddng \u0111\u01b0\u1ee3c trong th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n qu\u1ed1c gia n\u0103ng \u0111\u1ed9ng v\u00e0 ng\u00e0y c\u00e0ng tinh vi.<\/p>\n<\/div>\n"},"faq":[{"question":"Ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 n\u00f3 \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a t\u00f4i \u1edf Brazil?","answer":"Chia t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 m\u1ed9t ho\u1ea1t \u0111\u1ed9ng doanh nghi\u1ec7p trong \u0111\u00f3 m\u1ed9t c\u00f4ng ty chia c\u1ed5 phi\u1ebfu hi\u1ec7n c\u00f3 c\u1ee7a m\u00ecnh th\u00e0nh nhi\u1ec1u \u0111\u01a1n v\u1ecb, duy tr\u00ec c\u00f9ng m\u1ed9t t\u1ed5ng gi\u00e1 tr\u1ecb v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. Trong m\u1ed9t \u0111\u1ee3t chia t\u00e1ch 2:1, m\u1ed7i c\u1ed5 phi\u1ebfu tr\u1edf th\u00e0nh hai, m\u1ed7i c\u1ed5 phi\u1ebfu c\u00f3 gi\u00e1 tr\u1ecb b\u1eb1ng m\u1ed9t n\u1eeda gi\u00e1 ban \u0111\u1ea7u. T\u1ea1i Brazil, qu\u00e1 tr\u00ecnh n\u00e0y \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh b\u1edfi CVM (H\u01b0\u1edbng d\u1eabn 358) v\u00e0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1edfi B3. Theo th\u1ed1ng k\u00ea, c\u00e1c c\u1ed5 phi\u1ebfu tr\u1ea3i qua chia t\u00e1ch tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil c\u00f3 m\u1ee9c t\u0103ng thanh kho\u1ea3n trung b\u00ecnh 35,7% trong 90 ng\u00e0y ti\u1ebfp theo, v\u1edbi alpha d\u01b0\u01a1ng 4,7% gi\u1eefa th\u00f4ng b\u00e1o v\u00e0 th\u1ef1c hi\u1ec7n chia t\u00e1ch."},{"question":"Khi n\u00e0o c\u00e1c c\u00f4ng ty Brazil th\u01b0\u1eddng th\u1ef1c hi\u1ec7n chia t\u00e1ch c\u1ed5 phi\u1ebfu?","answer":"C\u00e1c c\u00f4ng ty Brazil th\u01b0\u1eddng th\u1ef1c hi\u1ec7n chia t\u00e1ch c\u1ed5 phi\u1ebfu khi ba \u0111i\u1ec1u ki\u1ec7n ch\u00ednh \u0111\u01b0\u1ee3c \u0111\u00e1p \u1ee9ng: (1) gi\u00e1 \u0111\u01a1n v\u1ecb v\u01b0\u1ee3t qu\u00e1 180% so v\u1edbi trung b\u00ecnh c\u1ee7a ng\u00e0nh (th\u01b0\u1eddng tr\u00ean R$100); (2) c\u00f4ng ty cho th\u1ea5y t\u0103ng tr\u01b0\u1edfng EBITDA v\u01b0\u1ee3t qu\u00e1 17,5% trong ba qu\u00fd li\u00ean ti\u1ebfp; v\u00e0 (3) kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch h\u00e0ng ng\u00e0y chi\u1ebfm \u00edt h\u01a1n 2,5% c\u1ee7a l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu t\u1ef1 do. Ph\u00e2n t\u00edch 87 l\u1ea7n chia t\u00e1ch t\u1eeb n\u0103m 2017-2024 cho th\u1ea5y 85% x\u1ea3y ra sau ba qu\u00fd t\u0103ng tr\u01b0\u1edfng li\u00ean ti\u1ebfp, th\u1ec3 hi\u1ec7n \u00fd \u0111\u1ecbnh chi\u1ebfn l\u01b0\u1ee3c m\u1edf r\u1ed9ng c\u01a1 s\u1edf c\u1ed5 \u0111\u00f4ng trong c\u00e1c chu k\u1ef3 t\u00edch c\u1ef1c."},{"question":"C\u00e1c t\u00e1c \u0111\u1ed9ng thu\u1ebf ch\u00ednh x\u00e1c c\u1ee7a vi\u1ec7c chia t\u00e1ch c\u1ed5 phi\u1ebfu \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil l\u00e0 g\u00ec?","answer":"Theo lu\u1eadt thu\u1ebf c\u1ee7a Brazil (IN RFB 1585\/2015, Lu\u1eadt 13.043\/2014 v\u00e0 Gi\u1ea3i ph\u00e1p T\u01b0 v\u1ea5n COSIT s\u1ed1 354\/2017), chia t\u00e1ch c\u1ed5 phi\u1ebfu kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 ki\u1ec7n ch\u1ecbu thu\u1ebf, nh\u01b0ng y\u00eau c\u1ea7u \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 l\u1ec7 trong gi\u00e1 mua trung b\u00ecnh. \u0110\u1ec3 tu\u00e2n th\u1ee7 thu\u1ebf ho\u00e0n to\u00e0n, nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i: (1) ghi l\u1ea1i vi\u1ec7c t\u00ednh to\u00e1n gi\u00e1 trung b\u00ecnh m\u1edbi v\u1edbi c\u00e1c bi\u00ean lai g\u1ed1c; (2) duy tr\u00ec b\u1ea3ng t\u00ednh l\u1ecbch s\u1eed c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c l\u1ea7n chia t\u00e1ch c\u00f4ng ty; (3) b\u00e1o c\u00e1o s\u1ed1 l\u01b0\u1ee3ng m\u1edbi trong t\u1edd khai h\u00e0ng n\u0103m trong khi gi\u1eef nguy\u00ean t\u1ed5ng gi\u00e1 tr\u1ecb; v\u00e0 (4) bao g\u1ed3m m\u1ed9t ghi ch\u00fa gi\u1ea3i th\u00edch trong tr\u01b0\u1eddng \"Ph\u00e2n bi\u1ec7t\" c\u1ee7a IRPF."},{"question":"Nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 n\u00e0o t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng chia t\u00e1ch c\u1ed5 phi\u1ebfu \u1edf Brazil?","answer":"Ph\u00e2n t\u00edch th\u1ed1ng k\u00ea v\u1ec1 chia t\u00e1ch tr\u00ean B3 ti\u1ebft l\u1ed9 n\u0103m chi\u1ebfn l\u01b0\u1ee3c v\u1edbi k\u1ebft qu\u1ea3 \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh: (1) \"\u0110\u1ed9ng l\u1ef1c Tr\u01b0\u1edbc Chia T\u00e1ch\" - \u0111\u1ecbnh v\u1ecb 45-60 ng\u00e0y tr\u01b0\u1edbc khi c\u00f4ng b\u1ed1 trong c\u00e1c \u1ee9ng vi\u00ean c\u00f3 kh\u1ea3 n\u0103ng, v\u1edbi l\u1ee3i nhu\u1eadn l\u1ecbch s\u1eed +5,7%; (2) \"C\u1eeda S\u1ed5 Chia T\u00e1ch\" - mua t\u1ea1i th\u1eddi \u0111i\u1ec3m c\u00f4ng b\u1ed1 v\u00e0 b\u00e1n 30 ng\u00e0y sau khi th\u1ef1c hi\u1ec7n, thu v\u1ec1 +7,6%; (3) \"M\u1edf R\u1ed9ng Thanh Kho\u1ea3n\" - t\u1eadp trung v\u00e0o c\u00e1c c\u00f4ng ty v\u1ed1n h\u00f3a nh\u1ecf sau chia t\u00e1ch \u0111\u1ec3 n\u1eafm b\u1eaft s\u1ef1 m\u1edf r\u1ed9ng nhi\u1ec1u l\u1ea7n (+9,3%); (4) \"Ch\u01a1i Bi\u1ebfn \u0110\u1ed9ng Quy\u1ec1n Ch\u1ecdn\" - s\u1eed d\u1ee5ng quy\u1ec1n ch\u1ecdn \u0111\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gia t\u0103ng (+12,7%); v\u00e0 (5) \"Gi\u1ecf Chia T\u00e1ch\" - \u0111a d\u1ea1ng h\u00f3a trong 3-5 c\u00f4ng ty \u1edf c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau c\u1ee7a chu k\u1ef3 chia t\u00e1ch, gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng 37%."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc c\u00e1c c\u00f4ng ty Brazil c\u00f3 kh\u1ea3 n\u0103ng th\u1ef1c hi\u1ec7n chia t\u00e1ch c\u1ed5 phi\u1ebfu?","answer":"M\u1ed9t m\u00f4 h\u00ecnh d\u1ef1 \u0111o\u00e1n m\u1ea1nh m\u1ebd v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 78% x\u00e1c \u0111\u1ecbnh c\u00e1c \u1ee9ng vi\u00ean chia t\u00e1ch th\u00f4ng qua n\u0103m ch\u1ec9 s\u1ed1 ch\u00ednh: (1) gi\u00e1 \u0111\u01a1n v\u1ecb v\u01b0\u1ee3t qu\u00e1 180% so v\u1edbi trung b\u00ecnh ng\u00e0nh (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.73); (2) t\u0103ng tr\u01b0\u1edfng EBITDA tr\u00ean 17.5% trong ba qu\u00fd li\u00ean ti\u1ebfp (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.62); (3) kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch h\u00e0ng ng\u00e0y \u00edt h\u01a1n 2.5% c\u1ee7a l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu t\u1ef1 do (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.58); (4) l\u1ecbch s\u1eed tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a vi\u1ec7c chia t\u00e1ch th\u00e0nh c\u00f4ng v\u1edbi s\u1ef1 t\u0103ng gi\u00e1 v\u01b0\u1ee3t qu\u00e1 30% (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.68); v\u00e0 (5) s\u1ef1 t\u1eadp trung c\u1ed5 \u0111\u00f4ng v\u1edbi \u00edt h\u01a1n 35% c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.61). S\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a c\u00e1c y\u1ebfu t\u1ed1 n\u00e0y cho ph\u00e9p nh\u1eadn di\u1ec7n s\u1edbm 78% c\u00e1c tr\u01b0\u1eddng h\u1ee3p chia t\u00e1ch \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n tr\u00ean B3."}],"faq_source":{"label":"FAQ","type":"repeater","formatted_value":[{"question":"Ph\u00e2n t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 g\u00ec v\u00e0 n\u00f3 \u1ea3nh h\u01b0\u1edfng nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ebfn kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a t\u00f4i \u1edf Brazil?","answer":"Chia t\u00e1ch c\u1ed5 phi\u1ebfu l\u00e0 m\u1ed9t ho\u1ea1t \u0111\u1ed9ng doanh nghi\u1ec7p trong \u0111\u00f3 m\u1ed9t c\u00f4ng ty chia c\u1ed5 phi\u1ebfu hi\u1ec7n c\u00f3 c\u1ee7a m\u00ecnh th\u00e0nh nhi\u1ec1u \u0111\u01a1n v\u1ecb, duy tr\u00ec c\u00f9ng m\u1ed9t t\u1ed5ng gi\u00e1 tr\u1ecb v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu. Trong m\u1ed9t \u0111\u1ee3t chia t\u00e1ch 2:1, m\u1ed7i c\u1ed5 phi\u1ebfu tr\u1edf th\u00e0nh hai, m\u1ed7i c\u1ed5 phi\u1ebfu c\u00f3 gi\u00e1 tr\u1ecb b\u1eb1ng m\u1ed9t n\u1eeda gi\u00e1 ban \u0111\u1ea7u. T\u1ea1i Brazil, qu\u00e1 tr\u00ecnh n\u00e0y \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh b\u1edfi CVM (H\u01b0\u1edbng d\u1eabn 358) v\u00e0 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1edfi B3. Theo th\u1ed1ng k\u00ea, c\u00e1c c\u1ed5 phi\u1ebfu tr\u1ea3i qua chia t\u00e1ch tr\u00ean th\u1ecb tr\u01b0\u1eddng Brazil c\u00f3 m\u1ee9c t\u0103ng thanh kho\u1ea3n trung b\u00ecnh 35,7% trong 90 ng\u00e0y ti\u1ebfp theo, v\u1edbi alpha d\u01b0\u01a1ng 4,7% gi\u1eefa th\u00f4ng b\u00e1o v\u00e0 th\u1ef1c hi\u1ec7n chia t\u00e1ch."},{"question":"Khi n\u00e0o c\u00e1c c\u00f4ng ty Brazil th\u01b0\u1eddng th\u1ef1c hi\u1ec7n chia t\u00e1ch c\u1ed5 phi\u1ebfu?","answer":"C\u00e1c c\u00f4ng ty Brazil th\u01b0\u1eddng th\u1ef1c hi\u1ec7n chia t\u00e1ch c\u1ed5 phi\u1ebfu khi ba \u0111i\u1ec1u ki\u1ec7n ch\u00ednh \u0111\u01b0\u1ee3c \u0111\u00e1p \u1ee9ng: (1) gi\u00e1 \u0111\u01a1n v\u1ecb v\u01b0\u1ee3t qu\u00e1 180% so v\u1edbi trung b\u00ecnh c\u1ee7a ng\u00e0nh (th\u01b0\u1eddng tr\u00ean R$100); (2) c\u00f4ng ty cho th\u1ea5y t\u0103ng tr\u01b0\u1edfng EBITDA v\u01b0\u1ee3t qu\u00e1 17,5% trong ba qu\u00fd li\u00ean ti\u1ebfp; v\u00e0 (3) kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch h\u00e0ng ng\u00e0y chi\u1ebfm \u00edt h\u01a1n 2,5% c\u1ee7a l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu t\u1ef1 do. Ph\u00e2n t\u00edch 87 l\u1ea7n chia t\u00e1ch t\u1eeb n\u0103m 2017-2024 cho th\u1ea5y 85% x\u1ea3y ra sau ba qu\u00fd t\u0103ng tr\u01b0\u1edfng li\u00ean ti\u1ebfp, th\u1ec3 hi\u1ec7n \u00fd \u0111\u1ecbnh chi\u1ebfn l\u01b0\u1ee3c m\u1edf r\u1ed9ng c\u01a1 s\u1edf c\u1ed5 \u0111\u00f4ng trong c\u00e1c chu k\u1ef3 t\u00edch c\u1ef1c."},{"question":"C\u00e1c t\u00e1c \u0111\u1ed9ng thu\u1ebf ch\u00ednh x\u00e1c c\u1ee7a vi\u1ec7c chia t\u00e1ch c\u1ed5 phi\u1ebfu \u0111\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 Brazil l\u00e0 g\u00ec?","answer":"Theo lu\u1eadt thu\u1ebf c\u1ee7a Brazil (IN RFB 1585\/2015, Lu\u1eadt 13.043\/2014 v\u00e0 Gi\u1ea3i ph\u00e1p T\u01b0 v\u1ea5n COSIT s\u1ed1 354\/2017), chia t\u00e1ch c\u1ed5 phi\u1ebfu kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 ki\u1ec7n ch\u1ecbu thu\u1ebf, nh\u01b0ng y\u00eau c\u1ea7u \u0111i\u1ec1u ch\u1ec9nh t\u1ef7 l\u1ec7 trong gi\u00e1 mua trung b\u00ecnh. \u0110\u1ec3 tu\u00e2n th\u1ee7 thu\u1ebf ho\u00e0n to\u00e0n, nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i: (1) ghi l\u1ea1i vi\u1ec7c t\u00ednh to\u00e1n gi\u00e1 trung b\u00ecnh m\u1edbi v\u1edbi c\u00e1c bi\u00ean lai g\u1ed1c; (2) duy tr\u00ec b\u1ea3ng t\u00ednh l\u1ecbch s\u1eed c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c l\u1ea7n chia t\u00e1ch c\u00f4ng ty; (3) b\u00e1o c\u00e1o s\u1ed1 l\u01b0\u1ee3ng m\u1edbi trong t\u1edd khai h\u00e0ng n\u0103m trong khi gi\u1eef nguy\u00ean t\u1ed5ng gi\u00e1 tr\u1ecb; v\u00e0 (4) bao g\u1ed3m m\u1ed9t ghi ch\u00fa gi\u1ea3i th\u00edch trong tr\u01b0\u1eddng \"Ph\u00e2n bi\u1ec7t\" c\u1ee7a IRPF."},{"question":"Nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c c\u1ee5 th\u1ec3 n\u00e0o t\u1ed1i \u0111a h\u00f3a l\u1ee3i nhu\u1eadn trong c\u00e1c ho\u1ea1t \u0111\u1ed9ng chia t\u00e1ch c\u1ed5 phi\u1ebfu \u1edf Brazil?","answer":"Ph\u00e2n t\u00edch th\u1ed1ng k\u00ea v\u1ec1 chia t\u00e1ch tr\u00ean B3 ti\u1ebft l\u1ed9 n\u0103m chi\u1ebfn l\u01b0\u1ee3c v\u1edbi k\u1ebft qu\u1ea3 \u0111\u00e3 \u0111\u01b0\u1ee3c ch\u1ee9ng minh: (1) \"\u0110\u1ed9ng l\u1ef1c Tr\u01b0\u1edbc Chia T\u00e1ch\" - \u0111\u1ecbnh v\u1ecb 45-60 ng\u00e0y tr\u01b0\u1edbc khi c\u00f4ng b\u1ed1 trong c\u00e1c \u1ee9ng vi\u00ean c\u00f3 kh\u1ea3 n\u0103ng, v\u1edbi l\u1ee3i nhu\u1eadn l\u1ecbch s\u1eed +5,7%; (2) \"C\u1eeda S\u1ed5 Chia T\u00e1ch\" - mua t\u1ea1i th\u1eddi \u0111i\u1ec3m c\u00f4ng b\u1ed1 v\u00e0 b\u00e1n 30 ng\u00e0y sau khi th\u1ef1c hi\u1ec7n, thu v\u1ec1 +7,6%; (3) \"M\u1edf R\u1ed9ng Thanh Kho\u1ea3n\" - t\u1eadp trung v\u00e0o c\u00e1c c\u00f4ng ty v\u1ed1n h\u00f3a nh\u1ecf sau chia t\u00e1ch \u0111\u1ec3 n\u1eafm b\u1eaft s\u1ef1 m\u1edf r\u1ed9ng nhi\u1ec1u l\u1ea7n (+9,3%); (4) \"Ch\u01a1i Bi\u1ebfn \u0110\u1ed9ng Quy\u1ec1n Ch\u1ecdn\" - s\u1eed d\u1ee5ng quy\u1ec1n ch\u1ecdn \u0111\u1ec3 t\u1eadn d\u1ee5ng s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gia t\u0103ng (+12,7%); v\u00e0 (5) \"Gi\u1ecf Chia T\u00e1ch\" - \u0111a d\u1ea1ng h\u00f3a trong 3-5 c\u00f4ng ty \u1edf c\u00e1c giai \u0111o\u1ea1n kh\u00e1c nhau c\u1ee7a chu k\u1ef3 chia t\u00e1ch, gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng 37%."},{"question":"L\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc c\u00e1c c\u00f4ng ty Brazil c\u00f3 kh\u1ea3 n\u0103ng th\u1ef1c hi\u1ec7n chia t\u00e1ch c\u1ed5 phi\u1ebfu?","answer":"M\u1ed9t m\u00f4 h\u00ecnh d\u1ef1 \u0111o\u00e1n m\u1ea1nh m\u1ebd v\u1edbi \u0111\u1ed9 ch\u00ednh x\u00e1c 78% x\u00e1c \u0111\u1ecbnh c\u00e1c \u1ee9ng vi\u00ean chia t\u00e1ch th\u00f4ng qua n\u0103m ch\u1ec9 s\u1ed1 ch\u00ednh: (1) gi\u00e1 \u0111\u01a1n v\u1ecb v\u01b0\u1ee3t qu\u00e1 180% so v\u1edbi trung b\u00ecnh ng\u00e0nh (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.73); (2) t\u0103ng tr\u01b0\u1edfng EBITDA tr\u00ean 17.5% trong ba qu\u00fd li\u00ean ti\u1ebfp (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.62); (3) kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch h\u00e0ng ng\u00e0y \u00edt h\u01a1n 2.5% c\u1ee7a l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu t\u1ef1 do (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.58); (4) l\u1ecbch s\u1eed tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a vi\u1ec7c chia t\u00e1ch th\u00e0nh c\u00f4ng v\u1edbi s\u1ef1 t\u0103ng gi\u00e1 v\u01b0\u1ee3t qu\u00e1 30% (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.68); v\u00e0 (5) s\u1ef1 t\u1eadp trung c\u1ed5 \u0111\u00f4ng v\u1edbi \u00edt h\u01a1n 35% c\u1ed5 phi\u1ebfu \u0111ang l\u01b0u h\u00e0nh (s\u1ee9c m\u1ea1nh d\u1ef1 \u0111o\u00e1n 0.61). S\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a c\u00e1c y\u1ebfu t\u1ed1 n\u00e0y cho ph\u00e9p nh\u1eadn di\u1ec7n s\u1edbm 78% c\u00e1c tr\u01b0\u1eddng h\u1ee3p chia t\u00e1ch \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n tr\u00ean B3."}]}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chia C\u1ed5 Phi\u1ebfu: Chi\u1ebfn L\u01b0\u1ee3c C\u1ea7n Thi\u1ebft cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Brazil v\u00e0o n\u0103m 2025<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stock-breakdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chia C\u1ed5 Phi\u1ebfu: Chi\u1ebfn L\u01b0\u1ee3c C\u1ea7n Thi\u1ebft cho 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OK"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stock-breakdown\/#article","isPartOf":{"@id":"https:\/\/pocketoption.com\/blog\/vt\/knowledge-base\/trading\/stock-breakdown\/"},"author":{"name":"Andrew OK","@id":"https:\/\/pocketoption.com\/blog\/vt\/#\/schema\/person\/8c927d60ff98b0ebe00861e922a035d3"},"headline":"Chia C\u1ed5 Phi\u1ebfu: Chi\u1ebfn L\u01b0\u1ee3c C\u1ea7n Thi\u1ebft cho Nh\u00e0 \u0110\u1ea7u T\u01b0 Brazil v\u00e0o n\u0103m 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