{"id":28817,"date":"2024-10-27T16:15:14","date_gmt":"2024-10-27T16:15:14","guid":{"rendered":"http:\/\/atmokpo.com\/w\/?p=28817"},"modified":"2024-11-26T06:57:19","modified_gmt":"2024-11-26T06:57:19","slug":"%eb%a8%b8%ec%8b%a0%eb%9f%ac%eb%8b%9d-%eb%b0%8f-%eb%94%a5%eb%9f%ac%eb%8b%9d-%ec%95%8c%ea%b3%a0%eb%a6%ac%ec%a6%98-%ed%8a%b8%eb%a0%88%ec%9d%b4%eb%94%a9-%ea%b3%84%ec%b8%b5%ec%a0%81-%eb%a6%ac%ec%8a%a4","status":"publish","type":"post","link":"https:\/\/atmokpo.com\/w\/28817\/","title":{"rendered":"\uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529, \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0"},"content":{"rendered":"<p><body><\/p>\n<p>\uc2a4\ub9c8\ud2b8\ud55c \ud2b8\ub808\uc774\ub354\ub294 \ud56d\uc0c1 \ub370\uc774\ud130\uc640 \ud1b5\ucc30\ub825\uc744 \ubc14\ud0d5\uc73c\ub85c \uacb0\uc815\uc744 \ub0b4\ub9bd\ub2c8\ub2e4. \ucd5c\uadfc \uba87 \ub144\uac04, \uba38\uc2e0\ub7ec\ub2dd\uacfc \ub525\ub7ec\ub2dd\uc740 \uae08\uc735 \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc8fc\ubaa9\ubc1b\uace0 \uc788\ub294 \ubc29\ubc95\ub860\uc73c\ub85c, \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc5d0 \ud3ec\ud568\ub41c \ub2e4\uc591\ud55c \uae30\uc220\ub4e4\uc744 \ud1b5\ud574 \ud22c\uc790 \uacb0\uc815\uc744 \uc9c0\uc6d0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubcf8 \uac15\uc88c\uc5d0\uc11c\ub294 \uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uae30\ubc18\uc758 \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc744 \uc2ec\ub3c4\uc788\uac8c \uc0b4\ud3b4\ubcf4\uace0, \ud2b9\ud788 \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0(Hierarchical Risk Parity) \uc811\uadfc \ubc29\uc2dd\uc744 \ud1b5\ud574 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uc5b4\ub5bb\uac8c \uc218\ud589\ud558\ub294\uc9c0 \uc54c\uc544\ubcf4\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n<h2>\uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd\uc758 \uae30\ucd08<\/h2>\n<p>\uba38\uc2e0\ub7ec\ub2dd\uc740 \ub370\uc774\ud130\uc5d0\uc11c \ud328\ud134\uc744 \ud559\uc2b5\ud558\uace0 \uc774\ub97c \ubc14\ud0d5\uc73c\ub85c \uc608\uce21\uc744 \uc218\ud589\ud558\ub294 \uae30\uc220\uc785\ub2c8\ub2e4. \uae30\uacc4\uac00 \uc2a4\uc2a4\ub85c \ud559\uc2b5\ud560 \uc218 \uc788\ub294 \ubc29\ubc95\uc744 \uc81c\uacf5\ud558\uc5ec, \ub300\ub7c9\uc758 \ub370\uc774\ud130\ub97c \ubd84\uc11d\ud558\uace0 \uc885\ud569\uc801\uc778 \uacb0\uc815\uc744 \ub0b4\ub9b4 \uc218 \uc788\uac8c \ud569\ub2c8\ub2e4. \ubc18\uba74, \ub525\ub7ec\ub2dd\uc740 \uc2e0\uacbd\ub9dd\uc744 \ud65c\uc6a9\ud558\uc5ec \ub354 \ubcf5\uc7a1\ud55c \ud328\ud134\uacfc \uad6c\uc870\ub97c \uc778\uc2dd\ud560 \uc218 \uc788\ub294 \uae30\uc220\uc785\ub2c8\ub2e4.<\/p>\n<h3>\uba38\uc2e0\ub7ec\ub2dd\uc758 \uc8fc\uc694 \uc54c\uace0\ub9ac\uc998<\/h3>\n<p>\uba38\uc2e0\ub7ec\ub2dd\uc5d0\ub294 \ub2e4\uc591\ud55c \uc54c\uace0\ub9ac\uc998\uc774 \uc874\uc7ac\ud569\ub2c8\ub2e4. \uc774\ub97c \ud06c\uac8c \uc138 \uac00\uc9c0\ub85c \uad6c\ubd84\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<ol>\n<li><strong>\uac10\ub3c5\ud559\uc2b5(Supervised Learning):<\/strong> \uc815\ub2f5\uc774 \uc788\ub294 \ud6c8\ub828 \ub370\uc774\ud130\ub97c \ud1b5\ud574 \ubaa8\ub378\uc744 \ud559\uc2b5\ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uc8fc\uc2dd \uac00\uaca9 \uc608\uce21\uc744 \uc704\ud55c \ud68c\uadc0 \ubd84\uc11d, \ubd84\ub958 \ubb38\uc81c \ub4f1\uc5d0\uc11c \uc0ac\uc6a9\ub429\ub2c8\ub2e4.<\/li>\n<li><strong>\ube44\uac10\ub3c5\ud559\uc2b5(Unsupervised Learning):<\/strong> \uc815\ub2f5\uc774 \uc5c6\ub294 \ub370\uc774\ud130\uc5d0\uc11c \ud328\ud134\uc744 \ucc3e\uc2b5\ub2c8\ub2e4. \ud074\ub7ec\uc2a4\ud130\ub9c1, \ucc28\uc6d0 \ucd95\uc18c \ub4f1\uc758 \uae30\ubc95\uc774 \uc774\uc5d0 \ud574\ub2f9\ud569\ub2c8\ub2e4.<\/li>\n<li><strong>\uac15\ud654\ud559\uc2b5(Reinforcement Learning):<\/strong> \ubcf4\uc0c1\uc744 \uadf9\ub300\ud654\ud558\uae30 \uc704\ud55c \ud589\ub3d9 \uc804\ub7b5\uc744 \ud559\uc2b5\ud569\ub2c8\ub2e4. \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc5d0\uc11c \uc790\uc8fc \uc0ac\uc6a9\ub418\uba70, \uac00\uaca9 \ubcc0\ub3d9\uc5d0 \ub530\ub77c \ub9e4\uc218 \ub610\ub294 \ub9e4\ub3c4 \uacb0\uc815\uc744 \ub0b4\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ol>\n<h2>\ub525\ub7ec\ub2dd\uc758 \uc5ed\ud560<\/h2>\n<p>\ub525\ub7ec\ub2dd\uc740 \ubcf5\uc7a1\ud55c \ube44\uc120\ud615 \uad00\uacc4\ub97c \ubaa8\ub378\ub9c1\ud560 \uc218 \uc788\ub294 \ub2a5\ub825 \ub355\ubd84\uc5d0 \uae08\uc735 \uc2dc\uc7a5 \ubd84\uc11d\uc5d0 \ud601\uc2e0\uc801\uc778 \ubcc0\ud654\ub97c \uac00\uc838\uc654\uc2b5\ub2c8\ub2e4. \uc2e0\uacbd\ub9dd\uc758 \uc5ec\ub7ec \uce35\uc744 \ud1b5\ud574 \ud2b9\uc9d5\uc744 \ucd94\ucd9c\ud558\uace0, \uc774\ub97c \ubc14\ud0d5\uc73c\ub85c \ub354 \uc815\ud655\ud55c \uc608\uce21\uc744 \uc218\ud589\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \uc774\ubbf8\uc9c0\ub098 \ud14d\uc2a4\ud2b8 \ub370\uc774\ud130\uc758 \uacbd\uc6b0, \ub525\ub7ec\ub2dd\uc740 \ud2b9\ud788 \uac15\ub825\ud55c \uc131\ub2a5\uc744 \ubc1c\ud718\ud569\ub2c8\ub2e4.<\/p>\n<h2>\uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc774\ub780?<\/h2>\n<p>\uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc740 \ucef4\ud4e8\ud130 \ud504\ub85c\uadf8\ub7a8\uc744 \uc0ac\uc6a9\ud558\uc5ec \uc815\ud574\uc9c4 \uc870\uac74\uc5d0 \ub530\ub77c \uc790\ub3d9\uc73c\ub85c \ub9e4\ub9e4\ub97c \uc2e4\ud589\ud558\ub294 \ubc29\uc2dd\uc785\ub2c8\ub2e4. \uc774 \uacfc\uc815\uc5d0\uc11c \uba38\uc2e0\ub7ec\ub2dd\uacfc \ub525\ub7ec\ub2dd \uae30\uc220\uc774 \uacb0\ud569\ub418\uba74 \ub354\uc6b1 \uc815\uad50\ud55c \ud2b8\ub808\uc774\ub529 \uc804\ub7b5\uc744 \uad6c\ud604\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<h3>\uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc758 \uc7a5\uc810<\/h3>\n<ul>\n<li>\uac10\uc815\uc801 \uac1c\uc785\uc744 \uc904\uc774\uace0 \ubbf8\ub9ac \uc815\ud574\uc9c4 \uae30\uc900\uc5d0 \ub530\ub978 \uc77c\uad00\ub41c \uac70\ub798 \uc2e4\ud589<\/li>\n<li>\uc2dc\uc7a5 \ubcc0\ub3d9\uc5d0 \ube60\ub974\uac8c \ubc18\uc751<\/li>\n<li>\ub2e4\uc591\ud55c \uc2dc\uc7a5\uc5d0\uc11c\uc758 \uc804\ub7b5 \uad6c\ud604 \uac00\ub2a5<\/li>\n<li>\uc815\ub7c9\uc801\uc778 \ubd84\uc11d\uc744 \ud1b5\ud574 \uacfc\uac70 \ub370\uc774\ud130\ub97c \ud65c\uc6a9\ud55c \uc608\uce21 \uac00\ub2a5<\/li>\n<\/ul>\n<h2>\uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0(Hierarchical Risk Parity)\ub780?<\/h2>\n<p>\uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\ub294 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \ub9ac\uc2a4\ud06c\ub97c \uad6c\uc870\uc801\uc73c\ub85c \ubd84\uc0b0\uc2dc\ud0a4\uae30 \uc704\ud55c \uc811\uadfc \ubc29\uc2dd\uc785\ub2c8\ub2e4. \uc804\ud1b5\uc801\uc778 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc5d0\uc11c \ud55c \ub2e8\uacc4 \ub354 \ub098\uc544\uac00, \uc790\uc0b0\uad70 \uac04\uc758 \uc0c1\uad00\uad00\uacc4\ub97c \uc9c4\uc9c0\ud558\uac8c \uace0\ub824\ud558\uc5ec \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \ub9ac\uc2a4\ud06c\ub97c \uad00\ub9ac\ud569\ub2c8\ub2e4.<\/p>\n<h3>\uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\uc758 \uc6d0\ub9ac<\/h3>\n<ol>\n<li>\uc790\uc0b0 \ubd84\ub958: \uc790\uc0b0\uc744 \uc5ec\ub7ec \uacc4\uce35\uc73c\ub85c \ub098\ub204\uc5b4 \ubd84\ub958\ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc8fc\uc2dd, \ucc44\uad8c, \ub300\uccb4 \ud22c\uc790 \ub4f1\uc758 \uc8fc\uc694 \uc790\uc0b0\uad70\uc73c\ub85c \ub098\ub20c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<li>\ub9ac\uc2a4\ud06c \uce21\uc815: \uac01 \uc790\uc0b0 \ud074\ub798\uc2a4 \ubc0f \uac1c\ubcc4 \uc790\uc0b0\uc758 \ub9ac\uc2a4\ud06c\ub97c \uce21\uc815\ud569\ub2c8\ub2e4. \uc774\ub54c VaR(Value at Risk), CVaR(Conditional Value at Risk) \ub4f1\uc758 \uc9c0\ud45c\ub97c \uc0ac\uc6a9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<li>\ub9ac\uc2a4\ud06c \ubd84\uc0b0: \ub9ac\uc2a4\ud06c\uac00 \uace0\ub974\uac8c \ubc30\ubd84\ub418\ub3c4\ub85d \uac01 \uc790\uc0b0 \ud074\ub798\uc2a4\uc758 \ube44\uc911\uc744 \uc870\uc815\ud569\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \ud2b9\uc815 \uc790\uc0b0\uc774\ub098 \uc790\uc0b0\uad70\uc774 \uacfc\ub3c4\ud55c \ub9ac\uc2a4\ud06c\ub97c \uac00\uc9c0\uc9c0 \uc54a\ub3c4\ub85d \ud569\ub2c8\ub2e4.<\/li>\n<\/ol>\n<h2>\uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\uc640 \uba38\uc2e0\ub7ec\ub2dd<\/h2>\n<p>\uba38\uc2e0\ub7ec\ub2dd \uae30\ubc95\uc744 \ud65c\uc6a9\ud558\uc5ec \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\uc758 \ud6a8\uacfc\ub97c \uadf9\ub300\ud654\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uba38\uc2e0\ub7ec\ub2dd \ubaa8\ub378\uc744 \ud1b5\ud574 \uc790\uc0b0 \uac04\uc758 \uc0c1\uad00\uad00\uacc4\ub97c \uc2e4\uc2dc\uac04\uc73c\ub85c \ubd84\uc11d\ud558\uc5ec, \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\ub97c \ucd5c\uc801\ud654\ud558\ub294 \ubc29\ubc95\uc774 \uac00\ub2a5\ud569\ub2c8\ub2e4.<\/p>\n<h3>\uba38\uc2e0\ub7ec\ub2dd\uc744 \ud1b5\ud55c \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0 \uc801\uc6a9 \uc608\uc81c<\/h3>\n<p>\ub2e4\uc74c\uc740 \uba38\uc2e0\ub7ec\ub2dd\uc744 \ud65c\uc6a9\ud558\uc5ec \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\ub97c \uc801\uc6a9\ud558\ub294 \uacfc\uc815\uc5d0 \ub300\ud55c \uac04\ub2e8\ud55c \uc608\uc81c\uc785\ub2c8\ub2e4.<\/p>\n<pre><code>import numpy as np\nimport pandas as pd\nfrom sklearn.linear_model import LinearRegression\n\n# \ub370\uc774\ud130 \ub85c\ub4dc\ndata = pd.read_csv('financial_data.csv')\n\n# \uc790\uc0b0 \uc218\uc775\ub960 \uacc4\uc0b0\nreturns = data.pct_change().dropna()\n\n# \uba38\uc2e0\ub7ec\ub2dd \ubaa8\ub378\nmodel = LinearRegression()\nmodel.fit(X_train, y_train)\n\n# \uc608\uce21 \ubc0f \ub9ac\uc2a4\ud06c \uacc4\uc0b0\npredicted_returns = model.predict(X_test)\nrisk_metrics = calculate_risk_metrics(predicted_returns)\n    <\/code><\/pre>\n<h2>\uacb0\ub860 \ubc0f \uc55e\uc73c\ub85c\uc758 \ubc29\ud5a5<\/h2>\n<p>\uc774\ubc88 \uac15\uc88c\ub97c \ud1b5\ud574 \uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uae30\ubc18\uc758 \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uacfc \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\uc758 \uac1c\ub150\uacfc \uc801\uc6a9 \ubc29\ubc95\uc744 \uc790\uc138\ud788 \uc0b4\ud3b4\ubcf4\uc558\uc2b5\ub2c8\ub2e4. \ud2b9\ud788, \uc774 \ub450 \uac00\uc9c0\ub97c \uacb0\ud569\ud558\uba74 \uc608\uce21\ub825\uc744 \ub192\uc5ec \ub354\uc6b1 \uc2b9\ub9ac \uac00\ub2a5\uc131\uc774 \ub192\uc740 \ud2b8\ub808\uc774\ub529 \uc804\ub7b5\uc744 \uad6c\ud604\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc55e\uc73c\ub85c\uc758 \uae08\uc735 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub370\uc774\ud130 \ubd84\uc11d\uacfc \uba38\uc2e0\ub7ec\ub2dd \uae30\uc220\uc758 \uc911\uc694\uc131\uc774 \ub354\uc6b1 \ucee4\uc9c8 \uac83\uc774\uba70, \uc774\ub97c \ud1b5\ud574 \ub9ac\uc2a4\ud06c \uad00\ub9ac \ubc0f \uc218\uc775\uc131\uc744 \uadf9\ub300\ud654\ud558\ub294 \ubc29\ud5a5\uc73c\ub85c \ub098\uc544\uac08 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<h2>\ucc38\uace0 \ubb38\ud5cc<\/h2>\n<p>\uc774 \uac15\uc88c\uc5d0\uc11c \ucc38\uace0\ud55c \uc790\ub8cc\ub4e4\uc785\ub2c8\ub2e4:<\/p>\n<ul>\n<li>Friedman, J., Hastie, T., &amp; Tibshirani, R. (2001). &#8216;The Elements of Statistical Learning&#8217;.<\/li>\n<li>Barberis, N., &amp; Thaler, R. (2003). &#8216;A Survey of Behavioral Finance&#8217;.<\/li>\n<li>Artzner, P., Delbaen, F., Eber, J.-M., &amp; Heath, D. (1999). &#8216;Coherent Measures of Risk&#8217;.<\/li>\n<\/ul>\n<h2>\ubd80\ub85d: \ucd94\uac00 \uc790\ub8cc \ubc0f \ub9ac\uc18c\uc2a4<\/h2>\n<p>\uc544\ub798\ub294 \uba38\uc2e0\ub7ec\ub2dd \ubc0f \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0\uc5d0 \ub300\ud55c \ucd94\uac00 \uc790\ub8cc\uc640 \ub9ac\uc18c\uc2a4\uc785\ub2c8\ub2e4:<\/p>\n<ul>\n<li><a href=\"https:\/\/scikit-learn.org\/stable\/\">Scikit-learn Documentation<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/h\/hierarchical-risk-parity.asp\">Investopedia &#8211; Hierarchical Risk Parity<\/a><\/li>\n<li><a href=\"https:\/\/github.com\/\">GitHub &#8211; \ub2e4\uc591\ud55c \uba38\uc2e0\ub7ec\ub2dd \ud504\ub85c\uc81d\ud2b8<\/a><\/li>\n<\/ul>\n<p><\/body><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc2a4\ub9c8\ud2b8\ud55c \ud2b8\ub808\uc774\ub354\ub294 \ud56d\uc0c1 \ub370\uc774\ud130\uc640 \ud1b5\ucc30\ub825\uc744 \ubc14\ud0d5\uc73c\ub85c \uacb0\uc815\uc744 \ub0b4\ub9bd\ub2c8\ub2e4. \ucd5c\uadfc \uba87 \ub144\uac04, \uba38\uc2e0\ub7ec\ub2dd\uacfc \ub525\ub7ec\ub2dd\uc740 \uae08\uc735 \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc8fc\ubaa9\ubc1b\uace0 \uc788\ub294 \ubc29\ubc95\ub860\uc73c\ub85c, \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc5d0 \ud3ec\ud568\ub41c \ub2e4\uc591\ud55c \uae30\uc220\ub4e4\uc744 \ud1b5\ud574 \ud22c\uc790 \uacb0\uc815\uc744 \uc9c0\uc6d0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubcf8 \uac15\uc88c\uc5d0\uc11c\ub294 \uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uae30\ubc18\uc758 \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc744 \uc2ec\ub3c4\uc788\uac8c \uc0b4\ud3b4\ubcf4\uace0, \ud2b9\ud788 \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0(Hierarchical Risk Parity) \uc811\uadfc \ubc29\uc2dd\uc744 \ud1b5\ud574 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uc5b4\ub5bb\uac8c \uc218\ud589\ud558\ub294\uc9c0 \uc54c\uc544\ubcf4\uaca0\uc2b5\ub2c8\ub2e4. \uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd\uc758 &hellip; <a href=\"https:\/\/atmokpo.com\/w\/28817\/\" class=\"more-link\">\ub354 \ubcf4\uae30<span class=\"screen-reader-text\"> &#8220;\uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529, \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-28817","post","type-post","status-publish","format-standard","hentry","category-29"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529, \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0 - 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\ubc29\ubc95\ub860\uc73c\ub85c, \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc5d0 \ud3ec\ud568\ub41c \ub2e4\uc591\ud55c \uae30\uc220\ub4e4\uc744 \ud1b5\ud574 \ud22c\uc790 \uacb0\uc815\uc744 \uc9c0\uc6d0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubcf8 \uac15\uc88c\uc5d0\uc11c\ub294 \uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uae30\ubc18\uc758 \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc744 \uc2ec\ub3c4\uc788\uac8c \uc0b4\ud3b4\ubcf4\uace0, \ud2b9\ud788 \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0(Hierarchical Risk Parity) \uc811\uadfc \ubc29\uc2dd\uc744 \ud1b5\ud574 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uc5b4\ub5bb\uac8c \uc218\ud589\ud558\ub294\uc9c0 \uc54c\uc544\ubcf4\uaca0\uc2b5\ub2c8\ub2e4. \uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd\uc758 &hellip; \ub354 \ubcf4\uae30 &quot;\uba38\uc2e0\ub7ec\ub2dd \ubc0f \ub525\ub7ec\ub2dd \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529, \uacc4\uce35\uc801 \ub9ac\uc2a4\ud06c \ud328\ub9ac\ud2f0&quot;\" 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