{"id":4671,"date":"2024-04-29T07:20:00","date_gmt":"2024-04-29T07:20:00","guid":{"rendered":"https:\/\/www.investaz.com.tr\/blog\/?p=4671"},"modified":"2024-04-25T08:27:06","modified_gmt":"2024-04-25T08:27:06","slug":"altin-gumus-rasyosu-nedir","status":"publish","type":"post","link":"https:\/\/www.investaz.com.tr\/blog\/altin-gumus-rasyosu-nedir\/","title":{"rendered":"Alt\u0131n G\u00fcm\u00fc\u015f Rasyosu Nedir?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Rasyo nedir?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Finansal anlamda rasyo iki finansal g\u00f6stergenin birbirine oran\u0131n\u0131 ifade eden kavramd\u0131r.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Alt\u0131n G\u00fcm\u00fc\u015f Rasyosu<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Alt\u0131n g\u00fcm\u00fc\u015f rasyosu demek bir ons (31,10 gram) alt\u0131n\u0131n cari piyasa de\u011ferinin bir ons g\u00fcm\u00fc\u015f\u00fcn cari piyasa de\u011ferine b\u00f6l\u00fcnmesiyle ula\u015f\u0131lan sonucu ifade eder.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Alt\u0131n G\u00fcm\u00fc\u015f Rasyosunun Tarihsel De\u011fi\u015fimi<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Alt\u0131n g\u00fcm\u00fc\u015f rasyosundaki de\u011fi\u015fiklikleri temel olarak 3 d\u00f6neme ay\u0131rabiliriz. \u0130lki emtia paralar\u0131n kullan\u0131lmas\u0131ndan 20 yy\u2019a kadar olan s\u00fcre\u00e7, ikincisi 20 yy ile Bretten Woods sisteminin terk edilmesine kadar olan s\u00fcre\u00e7 ve \u00fc\u00e7\u00fcnc\u00fcs\u00fc de Bretten Woods sisteminin terk edilmesinden g\u00fcn\u00fcm\u00fcze kadar olan s\u00fcre\u00e7tir. 1970\u2019lerden g\u00fcn\u00fcm\u00fcze kadar inceledi\u011fimizde uzun vadeli ortalama alt\u0131n\/g\u00fcm\u00fc\u015f oran\u0131 65:1\u2019dir. Alt\u0131n g\u00fcm\u00fc\u015f rasyosu en y\u00fcksek de\u011ferine pandemi d\u00f6neminde yani 2020 Mart ay\u0131nda ula\u015fm\u0131\u015f ve 128 de\u011ferini g\u00f6rm\u00fc\u015ft\u00fcr. \u015eu an ise bu rasyo 84 seviyesindedir.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Alt\u0131n G\u00fcm\u00fc\u015f Rasyosu Neden \u00d6nemlidir? &nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">G\u00fcn\u00fcm\u00fczde alt\u0131n g\u00fcm\u00fc\u015f rasyosu finans piyasalar\u0131n\u0131 yorumlarken veya alt\u0131na ve g\u00fcm\u00fc\u015fe yat\u0131r\u0131m yaparken takip edilen bir g\u00f6sterge olarak kar\u015f\u0131m\u0131za \u00e7\u0131kmaktad\u0131r. Alt\u0131n ve g\u00fcm\u00fc\u015f rasyosu ekonomik g\u00f6stergeleri yorumlamada tek ba\u015f\u0131na yeterli olmasa da di\u011fer g\u00f6stergelerle birlikte kullan\u0131ld\u0131\u011f\u0131nda bir anlam ifade edecektir. Alt\u0131n g\u00fcm\u00fc\u015f rasyosunun bir di\u011fer yorumlanma \u015fekli de alt\u0131n ve g\u00fcm\u00fc\u015f yat\u0131r\u0131mc\u0131lar\u0131n\u0131n yat\u0131r\u0131mlar\u0131n\u0131 y\u00f6nlendirmesinde bu rasyoyu kullanmas\u0131d\u0131r.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Alt\u0131n ve G\u00fcm\u00fc\u015f Rasyosu Nas\u0131l Kullan\u0131l\u0131r?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yat\u0131r\u0131m stratejisi olarak bu rasyo birden fazla \u015fekilde yorumlanabilir. Bunlardan ilki yat\u0131r\u0131mc\u0131lar\u0131n alt\u0131n ve g\u00fcm\u00fc\u015f\u00fc do\u011fru zamanda alabilmek i\u00e7in rasyodaki de\u011fi\u015fimleri takip etmesidir.&nbsp; \u00d6rne\u011fin rasyonun ortalama de\u011ferinden sap\u0131p y\u00fckselmesiyle yat\u0131r\u0131mc\u0131lar g\u00fcm\u00fc\u015f\u00fcn geride kald\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcp g\u00fcm\u00fc\u015fe yat\u0131r\u0131m yapabilirler. \u00c7\u00fcnk\u00fc rasyoyu tarihsel s\u00fcre\u00e7 i\u00e7erisinde analiz etti\u011fimizde b\u00fcy\u00fck de\u011fi\u015fimler ya\u015fanmad\u0131\u011f\u0131 s\u00fcrece rasyonun ortalama de\u011ferlerine tekrar d\u00f6nd\u00fc\u011f\u00fcn\u00fc g\u00f6rmekteyiz. Yat\u0131r\u0131mc\u0131lar da g\u00f6stergenin ald\u0131\u011f\u0131 de\u011fere bakarak rasyonun artmas\u0131yla g\u00fcm\u00fc\u015f al\u0131p rasyonun azalmas\u0131yla alt\u0131n alarak yat\u0131r\u0131m stratejisi olarak bu rasyoyu kullanabilirler. Buna ek olarak ba\u015fka bir kullan\u0131m \u015fekli de rasyonun ald\u0131\u011f\u0131 ortalama de\u011ferlerden yola \u00e7\u0131karak bu de\u011ferlerin de\u011fi\u015fmesiyle alt\u0131n ve g\u00fcm\u00fc\u015f aras\u0131nda pair trade (ikili i\u015flemler) yapan yat\u0131r\u0131mc\u0131lar\u0131n bu oran\u0131 takip etmesidir. <strong>Pair trade, korelasyonu y\u00fcksek iki finansal entr\u00fcman aras\u0131ndaki sapmalardan yararlanarak birinde uzun yani long pozisyon al\u0131p di\u011fer enstr\u00fcmanda k\u0131sa yani short pozisyon alarak k\u0131sa ve uzun pozisyon aras\u0131ndaki marjdan yararlan\u0131lan bir yat\u0131r\u0131m stratejisidir. <\/strong>Alt\u0131n ve g\u00fcm\u00fc\u015f de korelasyonu y\u00fcksek iki finansal enstr\u00fcmand\u0131r. Pair trade i\u015fleminin burada kullan\u0131lmas\u0131na \u00f6rnek verecek olursak rasyonun artmas\u0131yla yat\u0131r\u0131mc\u0131lar alt\u0131nda k\u0131sa pozisyon al\u0131p g\u00fcm\u00fc\u015fte uzun pozisyon a\u00e7arlar. Ve rasyonun ortalamalar\u0131na geri d\u00f6nmesiyle k\u0131sa ve uzun pozisyon aras\u0131ndaki marjdan kar sa\u011flayabilirler. Tam tersi de d\u00fc\u015f\u00fcn\u00fclebilir. \u00d6rne\u011fin rasyonun azalmas\u0131yla yat\u0131r\u0131mc\u0131lar g\u00fcm\u00fc\u015fte k\u0131sa pozisyon al\u0131p alt\u0131nda uzun pozisyon alarak ortalamalara tekrar d\u00f6n\u00fc\u015fle aradaki marjdan kar sa\u011flayabilirler.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6zetle alt\u0131n ve g\u00fcm\u00fc\u015f rasyosu, finans piyasalar\u0131n\u0131n yorumlanmas\u0131nda kullan\u0131lmas\u0131, korelasyonu y\u00fcksek iki finansal enstr\u00fcman oldu\u011fu i\u00e7in pair trade i\u015flemine imkan sa\u011flamas\u0131 ve alt\u0131n ve g\u00fcm\u00fc\u015f yat\u0131r\u0131mc\u0131lar\u0131n\u0131n yat\u0131r\u0131mlar\u0131n\u0131 y\u00f6nlendirmesi i\u00e7in b\u00fcy\u00fck \u00f6nem ta\u015f\u0131maktad\u0131r.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rasyo nedir? Finansal anlamda rasyo iki finansal g\u00f6stergenin birbirine oran\u0131n\u0131 ifade eden kavramd\u0131r.&nbsp; Alt\u0131n G\u00fcm\u00fc\u015f Rasyosu Alt\u0131n g\u00fcm\u00fc\u015f rasyosu demek bir ons (31,10 gram) alt\u0131n\u0131n cari piyasa de\u011ferinin bir ons g\u00fcm\u00fc\u015f\u00fcn cari piyasa de\u011ferine b\u00f6l\u00fcnmesiyle ula\u015f\u0131lan sonucu ifade eder.&nbsp; Alt\u0131n G\u00fcm\u00fc\u015f Rasyosunun Tarihsel De\u011fi\u015fimi Alt\u0131n g\u00fcm\u00fc\u015f rasyosundaki de\u011fi\u015fiklikleri temel olarak 3 d\u00f6neme ay\u0131rabiliriz. \u0130lki emtia&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4674,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-4671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-makaleler"],"_links":{"self":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/4671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/comments?post=4671"}],"version-history":[{"count":1,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/4671\/revisions"}],"predecessor-version":[{"id":4673,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/posts\/4671\/revisions\/4673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media\/4674"}],"wp:attachment":[{"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/media?parent=4671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/categories?post=4671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investaz.com.tr\/blog\/wp-json\/wp\/v2\/tags?post=4671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}