{"id":3494,"date":"2026-10-10T14:10:26","date_gmt":"2026-10-10T10:40:26","guid":{"rendered":"https:\/\/econclinic.com\/mag\/%d8%b3%d8%a8%d8%af-%d8%af%d8%a7%d8%b1%d8%a7%db%8c%db%8c\/"},"modified":"2026-10-10T14:10:27","modified_gmt":"2026-10-10T10:40:27","slug":"%d8%b3%d8%a8%d8%af-%d8%af%d8%a7%d8%b1%d8%a7%db%8c%db%8c","status":"publish","type":"post","link":"https:\/\/econclinic.com\/mag\/news\/%D8%B3%D8%A8%D8%AF-%D8%AF%D8%A7%D8%B1%D8%A7%DB%8C%DB%8C\/","title":{"rendered":"\u0637\u0644\u0627 \u062f\u0631 \u0633\u0628\u062f \u062f\u0627\u0631\u0627\u06cc\u06cc\u061b \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e"},"content":{"rendered":"<h2 id=\"%d8%a8%d9%87%db%8c%d9%86%d9%87-%d8%b3%d8%a7%d8%b2%db%8c-%d8%b3%d8%a8%d8%af-%d8%af%d8%a7%d8%b1%d8%a7%db%8c%db%8c-%d8%a8%d8%a7-%d8%b7%d9%84%d8%a7\">\u0628\u0647\u06cc\u0646\u0647 \u0633\u0627\u0632\u06cc \u0633\u0628\u062f \u062f\u0627\u0631\u0627\u06cc\u06cc \u0628\u0627 <a href=\"https:\/\/econclinic.com\/mag\/news\/%D8%A8%D8%A7%D9%86%DA%A9%D9%87%D8%A7%DB%8C-%D9%85%D8%B1%DA%A9%D8%B2%DB%8C-2\/\">\u0637\u0644\u0627<\/a><\/h2>\n<p>\u2022 \u0627\u0631\u0632\u06cc\u0627\u0628\u06cc\u200c\u0647\u0627\u06cc \u06f1\u06f0 \u0633\u0627\u0644\u0647 \u0645\u0624\u0633\u0633\u0647 Macrobond \u0631\u0648\u06cc \u0627\u0644\u06af\u0648\u06cc \u062a\u062e\u0635\u06cc\u0635 \u062f\u0627\u0631\u0627\u06cc\u06cc \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f \u06a9\u0647 \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646 \u06a9\u0631\u062f\u0646 \u0628\u062e\u0634 \u06f4\u06f0 \u062f\u0631\u0635\u062f\u06cc \u0627\u0648\u0631\u0627\u0642 \u0642\u0631\u0636\u0647 \u0628\u0627 \u0633\u0627\u06cc\u0631 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u062a\u062f\u0627\u0641\u0639\u06cc\u060c \u0633\u0627\u062e\u062a\u0627\u0631 \u0631\u06cc\u0633\u06a9 \u0648 \u0628\u0627\u0632\u062f\u0647\u06cc \u0633\u0628\u062f \u0633\u0646\u062a\u06cc \u06f6\u06f0\/\u06f4\u06f0 \u0631\u0627 \u0628\u0647\u200c\u0634\u062f\u062a \u062a\u063a\u06cc\u06cc\u0631 \u0645\u06cc\u200c\u062f\u0647\u062f.<\/p>\n<p>\u2022 \u062f\u0631 \u0645\u06cc\u0627\u0646 \u062a\u0645\u0627\u0645\u06cc \u06af\u0632\u06cc\u0646\u0647\u200c\u0647\u0627\u06cc \u0628\u0631\u0631\u0633\u06cc\u200c\u0634\u062f\u0647\u060c \u062a\u0631\u06a9\u06cc\u0628 \u06f6\u06f0 \u062f\u0631\u0635\u062f \u0633\u0647\u0627\u0645 \u0648 \u06f4\u06f0 \u062f\u0631\u0635\u062f \u0637\u0644\u0627 \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e (Sharpe Ratio) \u0631\u0627 \u062b\u0628\u062a \u06a9\u0631\u062f\u0647 \u0648 \u0628\u0631\u062a\u0631\u06cc \u06a9\u0627\u0645\u0644 \u062e\u0648\u062f \u0631\u0627 \u062f\u0631 \u0628\u0647\u06cc\u0646\u0647\u200c\u0633\u0627\u0632\u06cc \u0628\u0627\u0632\u062f\u0647\u06cc \u0646\u0633\u0628\u062a \u0628\u0647 \u0631\u06cc\u0633\u06a9 \u0627\u062b\u0628\u0627\u062a \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<p>\u2022 \u0639\u0644\u062a \u0627\u0635\u0644\u06cc \u0627\u06cc\u0646 \u0628\u0631\u062a\u0631\u06cc \u062f\u0631 \u0622\u0646 \u0627\u0633\u062a \u06a9\u0647 \u0628\u06cc\u0634\u062a\u0631 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646 \u0635\u0631\u0641\u0627\u064b \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u0633\u0628\u062f \u0631\u0627 \u06a9\u0627\u0647\u0634 \u062f\u0627\u062f\u0647\u200c\u0627\u0646\u062f \u0627\u0645\u0627 \u0628\u0627\u0632\u062f\u0647\u06cc \u06a9\u0644 \u0631\u0627 \u0633\u0631\u06a9\u0648\u0628 \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f\u060c \u062f\u0631 \u062d\u0627\u0644\u06cc \u06a9\u0647 \u0637\u0644\u0627 \u0645\u0648\u0641\u0642 \u0634\u062f\u0647 \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u0631\u0627 \u06a9\u0646\u062a\u0631\u0644 \u06a9\u0631\u062f\u0647 \u0648 \u0647\u0645\u200c\u0632\u0645\u0627\u0646 \u0646\u0633\u0628\u062a \u0628\u0627\u0632\u062f\u0647 \u0628\u0647 \u0631\u06cc\u0633\u06a9 \u0631\u0627 \u0627\u0631\u062a\u0642\u0627 \u062f\u0647\u062f.<\/p>\n<p>\u062f\u0631 \u0627\u06cc\u0646 \u0645\u06cc\u0627\u0646 \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0627\u0632 \u06a9\u0627\u0645\u0627\u062f\u06cc\u062a\u06cc \u0647\u0627\u060c \u0628\u06cc\u0634\u062a\u0631\u06cc\u0646 \u0646\u0648\u0633\u0627\u0646 \u0631\u0627 \u0628\u0647 \u0633\u0628\u062f \u062f\u0627\u0631\u0627\u06cc\u06cc \u0645\u0646\u062a\u0642\u0644 \u06a9\u0631\u062f\u0647\u061b \u062f\u0631 \u062d\u0627\u0644\u06cc \u06a9\u0647 \u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e \u0622\u0646 \u0646\u06cc\u0632 \u06a9\u0645 \u0628\u0648\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<p>&nbsp;<\/p>\n<section class=\"ecn-analysis\">\n<h3 id=\"%d8%aa%d8%ad%d9%84%db%8c%d9%84-%da%a9%d9%84%db%8c%d9%86%db%8c%da%a9-%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af\">\u062a\u062d\u0644\u06cc\u0644 \u06a9\u0644\u06cc\u0646\u06cc\u06a9 \u0627\u0642\u062a\u0635\u0627\u062f<\/h3>\n<p>\u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e\u060c \u0628\u0627\u0632\u062f\u0647 \u0633\u0628\u062f \u0631\u0627 \u062f\u0631 \u0645\u0642\u0627\u06cc\u0633\u0647 \u0628\u0627 \u0631\u06cc\u0633\u06a9 \u0622\u0646 \u0645\u06cc\u200c\u0633\u0646\u062c\u062f\u061b \u0628\u0646\u0627\u0628\u0631\u0627\u06cc\u0646 \u06a9\u0627\u0647\u0634 \u0646\u0648\u0633\u0627\u0646 \u0628\u0647\u200c\u062a\u0646\u0647\u0627\u06cc\u06cc \u0628\u0631\u0627\u06cc \u0628\u0647\u0628\u0648\u062f \u0627\u06cc\u0646 \u0646\u0633\u0628\u062a \u06a9\u0627\u0641\u06cc \u0646\u06cc\u0633\u062a. \u0628\u0631 \u0627\u0633\u0627\u0633 \u0627\u0631\u0632\u06cc\u0627\u0628\u06cc \u0646\u0642\u0644\u200c\u0634\u062f\u0647\u060c \u062a\u0641\u0627\u0648\u062a \u0637\u0644\u0627 \u0628\u0627 \u0628\u06cc\u0634\u062a\u0631 \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646\u200c\u0647\u0627\u06cc \u0628\u0631\u0631\u0633\u06cc\u200c\u0634\u062f\u0647 \u062f\u0631 \u0627\u06cc\u0646 \u0628\u0648\u062f\u0647 \u06a9\u0647 \u06a9\u0646\u062a\u0631\u0644 \u0646\u0648\u0633\u0627\u0646 \u0628\u0627 \u0627\u0641\u062a \u0628\u0627\u0632\u062f\u0647 \u06a9\u0644 \u0647\u0645\u0631\u0627\u0647 \u0646\u0634\u062f\u0647 \u0627\u0633\u062a. \u062f\u0631 \u0645\u0642\u0627\u0628\u0644\u060c \u06a9\u0627\u0645\u0627\u062f\u06cc\u062a\u06cc\u200c\u0647\u0627 \u0628\u06cc\u0634\u062a\u0631\u06cc\u0646 \u0646\u0648\u0633\u0627\u0646 \u0631\u0627 \u0628\u0647 \u0633\u0628\u062f \u0645\u0646\u062a\u0642\u0644 \u06a9\u0631\u062f\u0647\u200c\u0627\u0646\u062f \u0648 \u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e \u067e\u0627\u06cc\u06cc\u0646\u06cc \u062f\u0627\u0634\u062a\u0647\u200c\u0627\u0646\u062f.<\/p>\n<p>\u0627\u06cc\u0646 \u0646\u062a\u06cc\u062c\u0647 \u0628\u0647 \u062f\u0648\u0631\u0647 \u06f1\u06f0 \u0633\u0627\u0644\u0647 \u0648 \u06af\u0632\u06cc\u0646\u0647\u200c\u0647\u0627\u06cc \u0628\u0631\u0631\u0633\u06cc\u200c\u0634\u062f\u0647 \u062f\u0631 \u0647\u0645\u0627\u0646 \u0627\u0631\u0632\u06cc\u0627\u0628\u06cc \u0645\u062d\u062f\u0648\u062f \u0627\u0633\u062a. \u0686\u0648\u0646 \u0631\u0642\u0645 \u062f\u0642\u06cc\u0642 \u0628\u0627\u0632\u062f\u0647\u060c \u0646\u0648\u0633\u0627\u0646 \u0648 \u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e \u0647\u0631 \u062a\u0631\u06a9\u06cc\u0628 \u062f\u0631 \u0645\u062a\u0646 \u0627\u0631\u0627\u0626\u0647 \u0646\u0634\u062f\u0647\u060c \u0646\u0645\u06cc\u200c\u062a\u0648\u0627\u0646 \u0627\u0646\u062f\u0627\u0632\u0647 \u0627\u062e\u062a\u0644\u0627\u0641 \u0639\u0645\u0644\u06a9\u0631\u062f \u06af\u0632\u06cc\u0646\u0647\u200c\u0647\u0627 \u0631\u0627 \u0627\u0632 \u0627\u06cc\u0646 \u06af\u0632\u0627\u0631\u0634 \u062a\u0639\u06cc\u06cc\u0646 \u06a9\u0631\u062f.<br \/>\n\u0645\u0646\u0628\u0639: <a href=\"https:\/\/www.macrobond.com\/\" rel=\"noopener\" target=\"_blank\">macrobond<\/a><\/p>\n<\/section>\n<aside class=\"ecn-more-links econ-more\" aria-label=\"\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f\">\n<p class=\"econ-more__h\">\u0628\u06cc\u0634\u062a\u0631 \u0628\u062e\u0648\u0627\u0646\u06cc\u062f<\/p>\n<ul class=\"econ-more__list\">\n<li><a href=\"https:\/\/econclinic.com\/mag\/news\/%D9%82%DB%8C%D9%85%D8%AA-%D8%AC%D9%87%D8%A7%D9%86%DB%8C-%D8%B7%D9%84%D8%A7\/\">\u0637\u0644\u0627<\/a><\/li>\n<li><a href=\"https:\/\/econclinic.com\/mag\/news\/%DA%A9%D8%B1%D8%A7%DB%8C%D9%87-%D9%86%D9%81%D8%AA%DA%A9%D8%B4%D9%87%D8%A7\/\">\u062c\u0647\u0634 \u062a\u0627\u0631\u06cc\u062e\u06cc \u0646\u0631\u062e \u06a9\u0631\u0627\u06cc\u0647 \u0646\u0641\u062a\u200c\u06a9\u0634\u200c\u0647\u0627<\/a><\/li>\n<\/ul>\n<\/aside>\n<aside class=\"ecn-related-news econ-more\" aria-label=\"\u0627\u062e\u0628\u0627\u0631 \u0645\u0631\u062a\u0628\u0637\">\n<p class=\"econ-more__h\">\u0627\u062e\u0628\u0627\u0631 \u0645\u0631\u062a\u0628\u0637<\/p>\n<ul class=\"econ-more__list\">\n<li class=\"ecn-related-item\"><a class=\"ecn-related-link\" href=\"https:\/\/econclinic.com\/mag\/news\/%D8%B4%D8%B1%DA%A9%D8%AA%D9%87%D8%A7%DB%8C-%D8%AF%D8%A7%D8%B1%D9%86%D8%AF%D9%87-%D8%A8%DB%8C%D8%AA%DA%A9%D9%88%DB%8C%D9%86\/\"><span class=\"ecn-related-media\"><img loading=\"lazy\" width=\"300\" height=\"172\" src=\"https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3466-lFNjFj-300x172.webp\" class=\"ecn-related-thumb wp-post-image\" alt=\"\u0627\u0631\u0632\u0634\u200c\u06af\u0630\u0627\u0631\u06cc \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631 \u062f\u0631 \u0628\u06cc\u062a\u200c\u06a9\u0648\u06cc\u0646\" decoding=\"async\" srcset=\"https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3466-lFNjFj-300x172.webp 300w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3466-lFNjFj-1024x588.webp 1024w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3466-lFNjFj-768x441.webp 768w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3466-lFNjFj.webp 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/span><span class=\"ecn-related-title\">\u0627\u0631\u0632\u0634\u200c\u06af\u0630\u0627\u0631\u06cc \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631 \u062f\u0631 \u0628\u06cc\u062a\u200c\u06a9\u0648\u06cc\u0646<\/span><\/a><\/li>\n<li class=\"ecn-related-item\"><a class=\"ecn-related-link\" href=\"https:\/\/econclinic.com\/mag\/news\/%D8%A8%D8%A7%D8%B2%D8%A7%D8%B1%D9%87%D8%A7%DB%8C-%D9%85%D8%A7%D9%84%DB%8C\/\"><span class=\"ecn-related-media\"><img loading=\"lazy\" width=\"300\" height=\"180\" src=\"https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3360-5npila-300x180.webp\" class=\"ecn-related-thumb wp-post-image\" alt=\"\u0648\u0627\u06af\u0631\u0627\u06cc\u06cc \u062f\u0631 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc\u061b \u0631\u0634\u062f \u0628\u0627\u0632\u0627\u0631 \u0633\u0647\u0627\u0645 \u062f\u0631 \u0628\u0631\u0627\u0628\u0631 \u0627\u0641\u062a \u06a9\u0627\u0644\u0627\u0647\u0627\" decoding=\"async\" srcset=\"https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3360-5npila-300x180.webp 300w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3360-5npila-1024x613.webp 1024w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3360-5npila-768x460.webp 768w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3360-5npila-780x470.webp 780w, https:\/\/econclinic.com\/mag\/wp-content\/uploads\/2026\/10\/telegram-3360-5npila.webp 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/span><span class=\"ecn-related-title\">\u0648\u0627\u06af\u0631\u0627\u06cc\u06cc \u062f\u0631 \u0628\u0627\u0632\u0627\u0631\u0647\u0627\u06cc \u0645\u0627\u0644\u06cc\u061b \u0631\u0634\u062f \u0628\u0627\u0632\u0627\u0631 \u0633\u0647\u0627\u0645 \u062f\u0631 \u0628\u0631\u0627\u0628\u0631 \u0627\u0641\u062a \u06a9\u0627\u0644\u0627\u0647\u0627<\/span><\/a><\/li>\n<\/ul>\n<\/aside>\n","protected":false},"excerpt":{"rendered":"<p>\u0627\u0631\u0632\u06cc\u0627\u0628\u06cc \u06f1\u06f0 \u0633\u0627\u0644\u0647 \u0645\u0624\u0633\u0633\u0647 \u0645\u06a9\u0631\u0648\u0628\u0627\u0646\u062f \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f \u062a\u0631\u06a9\u06cc\u0628 \u06f6\u06f0 \u062f\u0631\u0635\u062f \u0633\u0647\u0627\u0645 \u0648 \u06f4\u06f0 \u062f\u0631\u0635\u062f \u0637\u0644\u0627\u060c \u062f\u0631 \u0645\u06cc\u0627\u0646 \u06af\u0632\u06cc\u0646\u0647\u200c\u0647\u0627\u06cc \u0628\u0631\u0631\u0633\u06cc\u200c\u0634\u062f\u0647 \u0628\u0631\u0627\u06cc \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646\u06cc \u0627\u0648\u0631\u0627\u0642 \u0642\u0631\u0636\u0647\u060c \u0628\u0627\u0644\u0627\u062a\u0631\u06cc\u0646 \u0646\u0633\u0628\u062a \u0634\u0627\u0631\u067e \u0631\u0627 \u062f\u0627\u0634\u062a\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u06cc\u0627\u0641\u062a\u0647 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u062f \u0627\u0646\u062a\u062e\u0627\u0628 \u062f\u0627\u0631\u0627\u06cc\u06cc \u062c\u0627\u06cc\u06af\u0632\u06cc\u0646 \u0628\u0631\u0627\u06cc \u0628\u062e\u0634 \u06f4\u06f0 \u062f\u0631\u0635\u062f\u06cc \u0633\u0628\u062f \u0633\u0646\u062a\u06cc\u060c \u0628\u0631 \u0646\u0633\u0628\u062a \u0628\u0627\u0632\u062f\u0647 \u0628\u0647 \u0631\u06cc\u0633\u06a9 \u0622\u0646 \u0627\u062b\u0631 \u0645\u06cc\u200c\u06af\u0630\u0627\u0631\u062f.<\/p>\n","protected":false},"author":7,"featured_media":3493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[139],"ecn_content_layer":[71],"class_list":["post-3494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-139","ecn_content_layer-news"],"_links":{"self":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/3494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/comments?post=3494"}],"version-history":[{"count":1,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/3494\/revisions"}],"predecessor-version":[{"id":3495,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/posts\/3494\/revisions\/3495"}],"wp:attachment":[{"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/media?parent=3494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/categories?post=3494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/tags?post=3494"},{"taxonomy":"ecn_content_layer","embeddable":true,"href":"https:\/\/econclinic.com\/mag\/wp-json\/wp\/v2\/ecn_content_layer?post=3494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}