{"id":9249,"date":"2026-09-19T22:01:23","date_gmt":"2026-09-19T13:01:23","guid":{"rendered":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma2-equity\/"},"modified":"2026-09-20T00:21:28","modified_gmt":"2026-09-19T15:21:28","slug":"cma2-equity","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma2-equity\/","title":{"rendered":"\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\u6b21\u3011\u682a\u5f0f\u5206\u6790\u3068\u306f\uff1f\u8981\u3059\u308b\u306b\u4f55\u3092\u5b66\u3076\u306e\u304b\u3092\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u89e3\u8aac"},"content":{"rendered":"<style>.cma-tbl{margin:1.2em 0 1.6em;overflow-x:auto;-webkit-overflow-scrolling:touch;border-radius:8px;box-shadow:0 1px 4px rgba(34,0,94,.12);}.cma-tbl table{width:100%;border-collapse:collapse!important;margin:0!important;font-size:15px;line-height:1.6;background:#fff;border:none!important;}.cma-tbl th,.cma-tbl td{padding:10px 12px!important;border:1px solid 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class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u5927\u5206\u985e<\/th>\n<th>\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>(4) \u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u6d3b\u7528<\/td>\n<td>1\u6b21\u3067\u5b66\u3093\u3060DDM\u30fbDCF\u30fb\u6b8b\u4f59\u5229\u76ca\u30e2\u30c7\u30eb\u3092\u3001\u6210\u9577\u7387\u306e\u63a8\u8a08\u3084FCFF\u306e\u4e88\u6e2c\u307e\u3067\u542b\u3081\u3066\u5b9f\u8df5\u7684\u306b\u4f7f\u3044\u3053\u306a\u3059<\/td>\n<\/tr>\n<tr>\n<td>(5) \u682a\u5f0f\u30ea\u30bf\u30fc\u30f3\u306e\u5206\u6790\u3068\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u3088\u308b\u6295\u8cc7\u6226\u7565<\/td>\n<td>\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3084\u30d9\u30fc\u30bf\u3092\u63a8\u5b9a\u3057\u3001\u30d1\u30c3\u30b7\u30d6\u30fb\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30d5\u30a1\u30af\u30bf\u30fc\u6295\u8cc7\u306a\u3069\u306e\u682a\u5f0f\u904b\u7528\u6226\u7565\u3092\u7406\u89e3\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td>(6) \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u304a\u3051\u308b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3068\u6700\u826f\u57f7\u884c<\/td>\n<td>\u904b\u7528\u306e\u6700\u5f8c\u306e\u5de5\u7a0b\u3067\u3042\u308b\u300c\u58f2\u8cb7\u300d\u3092\u3001\u30b3\u30b9\u30c8\u3092\u6291\u3048\u3066\u4e0a\u624b\u306b\u884c\u3046\u65b9\u6cd5\u3068\u3001\u305d\u306e\u8a55\u4fa1\u306e\u4ed5\u65b9\u3092\u5b66\u3076<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u5404\u5927\u5206\u985e\u306e\u8868\u306b\u3042\u308b<strong>\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u540d\u3092\u30af\u30ea\u30c3\u30af\u3059\u308b\u3068\u3001\u7528\u8a9e\u89e3\u8aac\u306e\u8a18\u4e8b<\/strong>\u3067\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n<h2>\u53c2\u8003\uff1a1\u6b21\u3082\u542b\u3081\u305f\u5927\u5206\u985e\u306e\u5168\u4f53\u50cf<\/h2>\n<p>\u5354\u4f1a\u306e\u300c\u4e3b\u8981\u5b66\u7fd2\u4e8b\u9805\u3068\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u300d\u3067\u306f\u30011\u6b21\u30682\u6b21\u3067\u5927\u5206\u985e\u306b\u540c\u3058\u901a\u3057\u756a\u53f7\u3092\u4f7f\u3063\u3066\u3044\u307e\u3059\u30022\u6b21\u306e\u682a\u5f0f\u5206\u6790\u306b(1)\u301c(3)\u304c\u51fa\u3066\u3053\u306a\u3044\u306e\u306f\u3001\u3053\u308c\u3089\u30921\u6b21\u3067\u5b66\u3076\u305f\u3081\u3067\u3059\u30022\u6b21\u306f1\u6b21\u306e\u5185\u5bb9\u3092\u524d\u63d0\u306b\u51fa\u984c\u3055\u308c\u308b\u306e\u3067\u3001\u5168\u4f53\u306e\u6d41\u308c\u3092\u53c2\u8003\u306b\u78ba\u8a8d\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<div class=\"cma-tbl three\">\n<table>\n<thead>\n<tr>\n<th>\u5927\u5206\u985e<\/th>\n<th>\u6271\u3046\u8a66\u9a13<\/th>\n<th>\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-label=\"\u5927\u5206\u985e\">(1) \u8cc7\u672c\u5e02\u5834\u306e\u4ed5\u7d44\u307f\u3068\u682a\u5f0f\u6295\u8cc7<\/td>\n<td data-label=\"\u6271\u3046\u8a66\u9a13\">1\u6b21\u306e\u307f<\/td>\n<td data-label=\"\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068\">\u682a\u5f0f\u3068\u306f\u3069\u3093\u306a\u3082\u306e\u3067\u3001\u3069\u3053\u3067\u30fb\u8ab0\u304c\u30fb\u3069\u3046\u3084\u3063\u3066\u58f2\u8cb7\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u77e5\u308b<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u5927\u5206\u985e\">(2) \u682a\u5f0f\u6295\u8cc7\u3068\u4f01\u696d\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u5206\u6790<\/td>\n<td data-label=\"\u6271\u3046\u8a66\u9a13\">1\u6b21\u306e\u307f<\/td>\n<td data-label=\"\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068\">\u666f\u6c17\u30fb\u7523\u696d\u30fb\u4f01\u696d\u306e\u7af6\u4e89\u529b\u304b\u3089\u3001\u4f01\u696d\u306e\u7a3c\u3050\u529b\u3092\u5206\u6790\u3059\u308b\u8996\u70b9\u3092\u8eab\u306b\u3064\u3051\u308b<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u5927\u5206\u985e\">(3) \u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u57fa\u790e<\/td>\n<td data-label=\"\u6271\u3046\u8a66\u9a13\">1\u6b21\u306e\u307f<\/td>\n<td data-label=\"\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068\">\u682a\u306e\u300c\u672c\u6765\u306e\u4fa1\u5024\u300d\u3092\u8a08\u7b97\u3057\u3001\u5e02\u5834\u306e\u682a\u4fa1\u304c\u5272\u9ad8\u304b\u5272\u5b89\u304b\u3092\u5224\u65ad\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u5927\u5206\u985e\">(4) \u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u6d3b\u7528<\/td>\n<td data-label=\"\u6271\u3046\u8a66\u9a13\">2\u6b21\u306e\u307f<\/td>\n<td data-label=\"\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068\">1\u6b21\u3067\u5b66\u3093\u3060DDM\u30fbDCF\u30fb\u6b8b\u4f59\u5229\u76ca\u30e2\u30c7\u30eb\u3092\u3001\u6210\u9577\u7387\u306e\u63a8\u8a08\u3084FCFF\u306e\u4e88\u6e2c\u307e\u3067\u542b\u3081\u3066\u5b9f\u8df5\u7684\u306b\u4f7f\u3044\u3053\u306a\u3059<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u5927\u5206\u985e\">(5) \u682a\u5f0f\u30ea\u30bf\u30fc\u30f3\u306e\u5206\u6790\u3068\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u3088\u308b\u6295\u8cc7\u6226\u7565<\/td>\n<td data-label=\"\u6271\u3046\u8a66\u9a13\">2\u6b21\u306e\u307f<\/td>\n<td data-label=\"\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068\">\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3084\u30d9\u30fc\u30bf\u3092\u63a8\u5b9a\u3057\u3001\u30d1\u30c3\u30b7\u30d6\u30fb\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30d5\u30a1\u30af\u30bf\u30fc\u6295\u8cc7\u306a\u3069\u306e\u682a\u5f0f\u904b\u7528\u6226\u7565\u3092\u7406\u89e3\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u5927\u5206\u985e\">(6) \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u304a\u3051\u308b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3068\u6700\u826f\u57f7\u884c<\/td>\n<td data-label=\"\u6271\u3046\u8a66\u9a13\">2\u6b21\u306e\u307f<\/td>\n<td data-label=\"\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068\">\u904b\u7528\u306e\u6700\u5f8c\u306e\u5de5\u7a0b\u3067\u3042\u308b\u300c\u58f2\u8cb7\u300d\u3092\u3001\u30b3\u30b9\u30c8\u3092\u6291\u3048\u3066\u4e0a\u624b\u306b\u884c\u3046\u65b9\u6cd5\u3068\u3001\u305d\u306e\u8a55\u4fa1\u306e\u4ed5\u65b9\u3092\u5b66\u3076<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>1\u6b21\u3067\u5b66\u3076\u5185\u5bb9\u306f<a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma1-equity\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u3011\u682a\u5f0f\u5206\u6790\u306e\u8a18\u4e8b<\/a>\u3067\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u3054\u3068\u306b\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2>(4) \u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u6d3b\u7528<\/h2>\n<div class=\"cma-sum\">\n<p><strong>\u30dd\u30a4\u30f3\u30c8\uff1a<\/strong>1\u6b21\u3067\u5b66\u3093\u3060\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u300c\u5fdc\u7528\u7de8\u300d\u3067\u3059\u3002\u682a\u4fa1\u304b\u3089\u8981\u6c42\u53ce\u76ca\u7387\u3092\u9006\u7b97\u3059\u308b\u3001\u30bf\u30fc\u30df\u30ca\u30eb\u30fb\u30d0\u30ea\u30e5\u30fc\u3092\u7f6e\u304f\u3001\u30c7\u30e5\u30dd\u30f3\u5206\u89e3\u3067\u6210\u9577\u7387\u3092\u63a8\u8a08\u3059\u308b\u3001FCFF\u3068FCFE\u3092\u4f7f\u3044\u5206\u3051\u308b\u306a\u3069\u3001\u5b9f\u969b\u306e\u4f01\u696d\u306b\u5f53\u3066\u306f\u3081\u3066\u682a\u4fa1\u3092\u8a55\u4fa1\u3059\u308b\u529b\u3092\u990a\u3044\u307e\u3059\u3002\u8a08\u7b97\u554f\u984c\u304c\u591a\u304f\u51fa\u308b\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<\/div>\n<div class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<th>\u5b66\u3076\u5185\u5bb9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-01\/\">DDM\u304b\u3089\u8981\u6c42\u53ce\u76ca\u7387\u3092\u51fa\u3059<\/a><\/td>\n<td>\u5b9a\u7387\u6210\u9577\u30e2\u30c7\u30eb\u3092\u9006\u306b\u89e3\u304d\u3001\u300c\u914d\u5f53\u5229\u56de\u308a\uff0b\u6210\u9577\u7387\u300d\u3067\u5e02\u5834\u304c\u682a\u306b\u6c42\u3081\u3066\u3044\u308b\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-02\/\">\u30bf\u30fc\u30df\u30ca\u30eb\u30fb\u30d0\u30ea\u30e5\u30fc<\/a><\/td>\n<td>\u3042\u308b\u6642\u70b9\u4ee5\u964d\u306e\u4fa1\u5024\u3092\u307e\u3068\u3081\u30661\u3064\u306e\u5024\uff08\u7d99\u7d9a\u4fa1\u5024\uff09\u3068\u3057\u3066\u8a08\u7b97\u3057\u3001\u591a\u6bb5\u968eDDM\u306b\u7d44\u307f\u8fbc\u3080\u65b9\u6cd5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-03\/\">\u30b5\u30b9\u30c6\u30a4\u30ca\u30d6\u30eb\u6210\u9577\u7387\u3068\u8ca1\u52d9\u6307\u6a19<\/a><\/td>\n<td>\u30b5\u30b9\u30c6\u30a4\u30ca\u30d6\u30eb\u6210\u9577\u7387\uff1dROE\u00d7\u5185\u90e8\u7559\u4fdd\u7387\u306a\u306e\u3067\u3001\u5229\u76ca\u7387\u3084\u914d\u5f53\u6027\u5411\u306a\u3069\u306e\u8ca1\u52d9\u6307\u6a19\u304c\u6210\u9577\u7387\u3092\u5de6\u53f3\u3059\u308b\u3053\u3068\u3092\u7406\u89e3\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-04\/\">\u30c7\u30e5\u30dd\u30f3\u5206\u89e3\u3067\u6210\u9577\u7387\u3092\u63a8\u8a08<\/a><\/td>\n<td>ROE\u3092\u58f2\u4e0a\u9ad8\u7d14\u5229\u76ca\u7387\u00d7\u7dcf\u8cc7\u7523\u56de\u8ee2\u7387\u00d7\u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8\u306b\u5206\u3051\u3001\u3069\u306e\u8981\u7d20\u304c\u6210\u9577\u7387\u3092\u751f\u3093\u3067\u3044\u308b\u304b\u3092\u898b\u306a\u304c\u3089\u63a8\u8a08\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-05\/\">DDM\u306b\u3088\u308b\u5272\u9ad8\u30fb\u5272\u5b89\u5224\u65ad<\/a><\/td>\n<td>DDM\u3067\u6c42\u3081\u305f\u7406\u8ad6\u682a\u4fa1\u3068\u5e02\u5834\u682a\u4fa1\u3001\u307e\u305f\u306f\u8981\u6c42\u53ce\u76ca\u7387\u3068\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3092\u6bd4\u3079\u3066\u6295\u8cc7\u5224\u65ad\u3092\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-06\/\">FCFF\u3068FCFE\u306e\u610f\u7fa9\u3068\u7b97\u51fa<\/a><\/td>\n<td>\u4f01\u696d\u5168\u4f53\u306b\u5e30\u5c5e\u3059\u308bFCFF\u3068\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308bFCFE\u306e\u9055\u3044\u3068\u3001\u5229\u76ca\u3084\u8a2d\u5099\u6295\u8cc7\u30fb\u904b\u8ee2\u8cc7\u672c\u304b\u3089\u306e\u8a08\u7b97\u65b9\u6cd5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-07\/\">FCFF\u30fbFCFE\u3068\u5229\u76ca\u30fb\u8cc7\u672c\u653f\u7b56\u3001\u4e88\u6e2c<\/a><\/td>\n<td>\u501f\u5165\u308c\u3084\u8fd4\u6e08\u306a\u3069\u306e\u8cc7\u672c\u653f\u7b56\u3067FCFE\u304c\u3069\u3046\u5909\u308f\u308b\u304b\u3001\u5c06\u6765\u306eFCFF\u30fbFCFE\u3092\u3069\u3046\u4e88\u6e2c\u3059\u308b\u304b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-08\/\">DCF\u6cd5\u3068DDM\u306e\u95a2\u4fc2<\/a><\/td>\n<td>\u914d\u5f53\u3082\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e1\u3064\u3067\u3042\u308a\u3001DCF\u6cd5\u3068DDM\u306f\u300c\u5c06\u6765\u306e\u304a\u91d1\u3092\u5272\u308a\u5f15\u304f\u300d\u3068\u3044\u3046\u540c\u3058\u8003\u3048\u65b9\u306b\u7acb\u3064\u3053\u3068<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-09\/\">\u9069\u5207\u306aDCF\u6cd5\u306e\u9078\u3073\u65b9<\/a><\/td>\n<td>FCFF\u3092WACC\u3067\u5272\u308a\u5f15\u3044\u3066\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u304f\u304b\u3001FCFE\u3092\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u3067\u5272\u308a\u5f15\u304f\u304b\u306a\u3069\u3001\u72b6\u6cc1\u306b\u5408\u3063\u305f\u624b\u6cd5\u3092\u9078\u3076<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-10\/\">\u6b8b\u4f59\u5229\u76ca\u306e\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u6210\u9577\u7387<\/a><\/td>\n<td>\u3044\u307e\u306e\u682a\u4fa1\u3068\u7c3f\u4fa1\u30fb\u8cc7\u672c\u30b3\u30b9\u30c8\u304b\u3089\u9006\u7b97\u3057\u3066\u3001\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u6b8b\u4f59\u5229\u76ca\u306e\u6210\u9577\u7387\u3092\u6c42\u3081\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-11\/\">\u6b8b\u4f59\u5229\u76ca\u30e2\u30c7\u30eb\u306e\u524d\u63d0<\/a><\/td>\n<td>\u7c3f\u4fa1\u306e\u5909\u5316\u304c\u5229\u76ca\u3068\u914d\u5f53\u3060\u3051\u3067\u8aac\u660e\u3067\u304d\u308b\uff08\u30af\u30ea\u30fc\u30f3\u30fb\u30b5\u30fc\u30d7\u30e9\u30b9\u95a2\u4fc2\uff09\u306a\u3069\u3001\u30e2\u30c7\u30eb\u304c\u6210\u308a\u7acb\u3064\u524d\u63d0\u6761\u4ef6<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-12\/\">\u6b8b\u4f59\u5229\u76ca\u30e2\u30c7\u30eb\u3067\u306e\u5272\u9ad8\u30fb\u5272\u5b89\u5224\u65ad<\/a><\/td>\n<td>\u6b8b\u4f59\u5229\u76ca\u30e2\u30c7\u30eb\u3067\u6c42\u3081\u305f\u682a\u5f0f\u4fa1\u5024\u3068\u5e02\u5834\u682a\u4fa1\u3092\u6bd4\u3079\u3001\u5272\u9ad8\u304b\u5272\u5b89\u304b\u3092\u5224\u65ad\u3059\u308b<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>(5) \u682a\u5f0f\u30ea\u30bf\u30fc\u30f3\u306e\u5206\u6790\u3068\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u3088\u308b\u6295\u8cc7\u6226\u7565<\/h2>\n<div class=\"cma-sum\">\n<p><strong>\u30dd\u30a4\u30f3\u30c8\uff1a<\/strong>\u300c\u3069\u306e\u304f\u3089\u3044\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u308b\u3079\u304d\u304b\u300d\u3092\u6e2c\u308a\u3001\u300c\u3069\u3093\u306a\u65b9\u91dd\u3067\u682a\u5f0f\u3092\u904b\u7528\u3059\u308b\u304b\u300d\u3092\u6c7a\u3081\u308b\u90e8\u5206\u3067\u3059\u3002\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3084\u30d9\u30fc\u30bf\u306e\u63a8\u5b9a\u304b\u3089\u3001\u30d1\u30c3\u30b7\u30d6\u904b\u7528\u30fb\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u30fb\u30d5\u30a1\u30af\u30bf\u30fc\u6295\u8cc7\u30fb\u30ed\u30f3\u30b0\u30fb\u30b7\u30e7\u30fc\u30c8\u6226\u7565\u3001\u30de\u30cd\u30b8\u30e3\u30fc\u306e\u9078\u3073\u65b9\u307e\u3067\u3001\u682a\u5f0f\u904b\u7528\u306e\u5168\u4f53\u50cf\u3092\u5b66\u3073\u307e\u3059\u3002<\/p>\n<\/div>\n<div class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<th>\u5b66\u3076\u5185\u5bb9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-13\/\">\u6240\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u30fb\u8981\u6c42\u53ce\u76ca\u7387\u30fbIRR<\/a><\/td>\n<td>\u5b9f\u969b\u306b\u5f97\u305f\u30ea\u30bf\u30fc\u30f3\u3001\u6295\u8cc7\u5bb6\u304c\u6c42\u3081\u308b\u30ea\u30bf\u30fc\u30f3\u3001\u5272\u5f15\u7387\u3001\u682a\u4fa1\u304b\u3089\u9006\u7b97\u3057\u305f\u5185\u90e8\u53ce\u76ca\u7387\u306e\u9055\u3044\u3092\u6574\u7406\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-14\/\">\u682a\u5f0f\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u63a8\u5b9a<\/a><\/td>\n<td>\u682a\u5f0f\u304c\u5b89\u5168\u8cc7\u7523\u3092\u4e0a\u56de\u3063\u3066\u5f97\u308b\u3079\u304d\u4e0a\u4e57\u305b\u5206\u3092\u3001\u904e\u53bb\u30c7\u30fc\u30bf\u304b\u3089\u6e2c\u308b\u65b9\u6cd5\u3068\u30e2\u30c7\u30eb\u304b\u3089\u63a8\u8a08\u3059\u308b\u65b9\u6cd5\u3067\u6c42\u3081\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-15\/\">CAPM\u30fb\u30de\u30eb\u30c1\u30d5\u30a1\u30af\u30bf\u30fc\u3067\u306e\u63a8\u5b9a<\/a><\/td>\n<td>CAPM\u306a\u3089\u30d9\u30fc\u30bf\u00d7\u5e02\u5834\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3001\u30de\u30eb\u30c1\u30d5\u30a1\u30af\u30bf\u30fc\u30fb\u30e2\u30c7\u30eb\u306a\u3089\u8907\u6570\u306e\u30d5\u30a1\u30af\u30bf\u30fc\u304b\u3089\u500b\u5225\u682a\u306e\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u51fa\u3059<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-16\/\">\u30d9\u30fc\u30bf\u306e\u63a8\u8a08<\/a><\/td>\n<td>\u4e0a\u5834\u682a\u306f\u682a\u4fa1\u30c7\u30fc\u30bf\u306e\u56de\u5e30\u3067\u3001\u975e\u516c\u958b\u682a\u306f\u985e\u4f3c\u4e0a\u5834\u4f01\u696d\u306e\u30d9\u30fc\u30bf\u3092\u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8\u3067\u8abf\u6574\u3057\u3066\u63a8\u8a08\u3059\u308b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-17\/\">\u5272\u5f15\u7387\u306e\u9078\u3073\u65b9<\/a><\/td>\n<td>FCFF\u306a\u3089WACC\u3001FCFE\u3084\u914d\u5f53\u306a\u3089\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u306e\u3088\u3046\u306b\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u7a2e\u985e\u306b\u5408\u3063\u305f\u5272\u5f15\u7387\u3092\u4f7f\u3046<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-18\/\">\u6295\u8cc7\u653f\u7b56\u30fb\u5e02\u5834\u306e\u52b9\u7387\u6027\u3068\u904b\u7528\u6226\u7565<\/a><\/td>\n<td>\u5e02\u5834\u304c\u52b9\u7387\u7684\u306a\u307b\u3069\u30d1\u30c3\u30b7\u30d6\u904b\u7528\u304c\u5408\u7406\u7684\u306b\u306a\u308b\u306a\u3069\u3001\u6295\u8cc7\u5bb6\u306e\u65b9\u91dd\u3084\u5e02\u5834\u306e\u7279\u6027\u304b\u3089\u904b\u7528\u6226\u7565\u3092\u9078\u3076\u8003\u3048\u65b9<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-19\/\">\u30d1\u30c3\u30b7\u30d6\u904b\u7528\u3068\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528<\/a><\/td>\n<td>\u6307\u6570\u306b\u9023\u52d5\u3055\u305b\u308b\u30d1\u30c3\u30b7\u30d6\u904b\u7528\u3068\u3001\u6307\u6570\u3092\u4e0a\u56de\u308b\u3053\u3068\u3092\u76ee\u6307\u3059\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u610f\u7fa9\u3068\u7279\u5fb4<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-20\/\">\u682a\u4fa1\u6307\u6570\u3068\u30d1\u30c3\u30b7\u30d6\u30d5\u30a1\u30f3\u30c9\u306e\u69cb\u7bc9<\/a><\/td>\n<td>\u6642\u4fa1\u7dcf\u984d\u52a0\u91cd\u3084\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306a\u3069\u6307\u6570\u306e\u7279\u5fb4\u3068\u3001\u5b8c\u5168\u6cd5\u30fb\u5c64\u5316\u62bd\u51fa\u6cd5\u30fb\u6700\u9069\u5316\u6cd5\u306a\u3069\u3067\u6307\u6570\u306b\u9023\u52d5\u3055\u305b\u308b\u65b9\u6cd5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-21\/\">\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u610f\u601d\u6c7a\u5b9a\u30d7\u30ed\u30bb\u30b9<\/a><\/td>\n<td>\u60c5\u5831\u53ce\u96c6\u30fb\u9298\u67c4\u8a55\u4fa1\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\u30fb\u898b\u76f4\u3057\u3068\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u304c\u9032\u3080\u6d41\u308c<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-22\/\">\u30d5\u30a1\u30af\u30bf\u30fc\u6295\u8cc7\u30fb\u30b9\u30de\u30fc\u30c8\u30d9\u30fc\u30bf<\/a><\/td>\n<td>\u30d0\u30ea\u30e5\u30fc\u30fb\u30b5\u30a4\u30ba\u30fb\u30e2\u30e1\u30f3\u30bf\u30e0\u306a\u3069\u306e\u30d5\u30a1\u30af\u30bf\u30fc\u306b\u7740\u76ee\u3057\u305f\u6295\u8cc7\u3084\u3001\u30eb\u30fc\u30eb\u306b\u57fa\u3065\u3044\u3066\u6307\u6570\u3092\u7d44\u307f\u66ff\u3048\u308b\u30b9\u30de\u30fc\u30c8\u30d9\u30fc\u30bf\u6226\u7565<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-23\/\">\u6295\u8cc7\u30b9\u30bf\u30a4\u30eb\u3068\u30b9\u30bf\u30a4\u30eb\u5206\u6790<\/a><\/td>\n<td>\u30d0\u30ea\u30e5\u30fc\uff0f\u30b0\u30ed\u30fc\u30b9\u3001\u5927\u578b\uff0f\u5c0f\u578b\u3068\u3044\u3063\u305f\u30b9\u30bf\u30a4\u30eb\u306e\u5206\u985e\u3068\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u30b9\u30bf\u30a4\u30eb\u3092\u30ea\u30bf\u30fc\u30f3\u3084\u4fdd\u6709\u9298\u67c4\u304b\u3089\u5206\u6790\u3059\u308b\u65b9\u6cd5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-24\/\">\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u57fa\u672c\u6cd5\u5247<\/a><\/td>\n<td>\u60c5\u5831\u6bd4\u7387\u306f\u304a\u304a\u3080\u306d\u300c\u4e88\u6e2c\u306e\u4e0a\u624b\u3055\uff08IC\uff09\u00d7\u72ec\u7acb\u3057\u305f\u5224\u65ad\u306e\u56de\u6570\u306e\u5e73\u65b9\u6839\u300d\u3067\u6c7a\u307e\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u3068\u3001\u4ed8\u52a0\u4fa1\u5024\u306e\u6e2c\u308a\u65b9<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-25\/\">\u30a8\u30f3\u30cf\u30f3\u30b9\u30c8\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306a\u3069<\/a><\/td>\n<td>\u30a8\u30f3\u30cf\u30f3\u30b9\u30c8\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u3001\u30ed\u30f3\u30b0\u30fb\u30b7\u30e7\u30fc\u30c8\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30cb\u30e5\u30fc\u30c8\u30e9\u30eb\u3001\u30dd\u30fc\u30bf\u30d6\u30eb\u30fb\u30a2\u30eb\u30d5\u30a1\u306e\u4ed5\u7d44\u307f\u3068\u30ea\u30b9\u30af\u306e\u7279\u5fb4<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-26\/\">ESG\u3092\u53d6\u308a\u5165\u308c\u305f\u682a\u5f0f\u904b\u7528<\/a><\/td>\n<td>\u793e\u4f1a\u7684\u8cac\u4efb\u6295\u8cc7\u3092\u306f\u3058\u3081\u3001ESG\u8981\u56e0\u3092\u9298\u67c4\u9078\u629e\u3084\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\u306b\u7d44\u307f\u8fbc\u3080\u6226\u7565<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-27\/\">\u30de\u30cd\u30b8\u30e3\u30fc\u306e\u9078\u629e\u3068\u30b9\u30bf\u30a4\u30eb\u7ba1\u7406<\/a><\/td>\n<td>\u904b\u7528\u4f1a\u793e\uff08\u30de\u30cd\u30b8\u30e3\u30fc\uff09\u306e\u9078\u3073\u65b9\u3001\u5168\u4f53\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30bf\u30fc\u30f3\u306e\u628a\u63e1\u3001\u8907\u6570\u30de\u30cd\u30b8\u30e3\u30fc\u306e\u30b9\u30bf\u30a4\u30eb\u306e\u504f\u308a\u306e\u7ba1\u7406<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>(6) \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u304a\u3051\u308b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3068\u6700\u826f\u57f7\u884c<\/h2>\n<div class=\"cma-sum\">\n<p><strong>\u30dd\u30a4\u30f3\u30c8\uff1a<\/strong>\u3069\u308c\u3060\u3051\u826f\u3044\u9298\u67c4\u3092\u9078\u3093\u3067\u3082\u3001\u58f2\u8cb7\u306e\u30b3\u30b9\u30c8\u304c\u5927\u304d\u3051\u308c\u3070\u30ea\u30bf\u30fc\u30f3\u306f\u76ee\u6e1b\u308a\u3057\u307e\u3059\u3002\u5e02\u5834\u306e\u69cb\u9020\u3084\u6ce8\u6587\u65b9\u6cd5\u3001\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u53d6\u5f15\u3001\u53d6\u5f15\u30b3\u30b9\u30c8\u306e\u6e2c\u308a\u65b9\uff08IS\u6cd5\u30fbVWAP\u6cd5\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\uff09\u3001\u305d\u3057\u3066\u9867\u5ba2\u306e\u305f\u3081\u306b\u6700\u826f\u306e\u6761\u4ef6\u3067\u57f7\u884c\u3059\u308b\u300c\u6700\u826f\u57f7\u884c\u300d\u3092\u5b66\u3073\u307e\u3059\u3002<\/p>\n<\/div>\n<div class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<th>\u5b66\u3076\u5185\u5bb9<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-28\/\">\u5e02\u5834\u69cb\u9020\u306e\u9055\u3044\u3068\u8a55\u4fa1<\/a><\/td>\n<td>\u30aa\u30fc\u30af\u30b7\u30e7\u30f3\u578b\u3084\u30c7\u30a3\u30fc\u30e9\u30fc\u578b\u306a\u3069\u5e02\u5834\u306e\u4ed5\u7d44\u307f\u306e\u9055\u3044\u3068\u3001\u6d41\u52d5\u6027\u30fb\u900f\u660e\u6027\u306a\u3069\u3067\u5e02\u5834\u306e\u8cea\u3092\u8a55\u4fa1\u3059\u308b\u8996\u70b9<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-29\/\">\u6210\u884c\u6ce8\u6587\u3068\u6307\u5024\u6ce8\u6587<\/a><\/td>\n<td>\u6210\u884c\u306f\u7d04\u5b9a\u3057\u3084\u3059\u3044\u304c\u4fa1\u683c\u304c\u4e0d\u78ba\u5b9f\u3001\u6307\u5024\u306f\u4fa1\u683c\u3092\u5b88\u308c\u308b\u304c\u7d04\u5b9a\u3057\u306a\u3044\u30ea\u30b9\u30af\u304c\u3042\u308b\u2015\u2015\u3068\u3044\u3046\u30c8\u30ec\u30fc\u30c9\u30aa\u30d5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-30\/\">\u30c8\u30ec\u30fc\u30c0\u30fc\u306e\u985e\u578b<\/a><\/td>\n<td>\u60c5\u5831\u3092\u3082\u3068\u306b\u6025\u3044\u3067\u58f2\u8cb7\u3059\u308b\u4eba\u3001\u30b3\u30b9\u30c8\u3092\u91cd\u8996\u3057\u3066\u5f85\u3066\u308b\u4eba\u306a\u3069\u3001\u53d6\u5f15\u52d5\u6a5f\u3084\u6642\u9593\u30fb\u4fa1\u683c\u306e\u512a\u5148\u5ea6\u306b\u3088\u308b\u30bf\u30a4\u30d7\u5206\u3051<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-31\/\">\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u624b\u6cd5\u306e\u9078\u629e<\/a><\/td>\n<td>\u4ee3\u8868\u7684\u306a\u58f2\u8cb7\u624b\u6cd5\u306e\u30b3\u30b9\u30c8\u3084\u7279\u5fb4\u3092\u6bd4\u3079\u3001\u6ce8\u6587\u306e\u6027\u8cea\u306b\u5408\u3063\u305f\u6700\u9069\u306a\u624b\u6cd5\u3092\u9078\u3076<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-32\/\">HFT\u3068\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u53d6\u5f15<\/a><\/td>\n<td>\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u3067\u81ea\u52d5\u7684\u306b\u6ce8\u6587\u3092\u51fa\u3059\u624b\u6cd5\u306e\u6982\u8981\u3068\u3001\u65e5\u3005\u306e\u51fa\u6765\u9ad8\u3084\u30d3\u30c3\u30c9\u30fb\u30a2\u30b9\u30af\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u8e0f\u307e\u3048\u305f\u4f7f\u3044\u5206\u3051<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-33\/\">\u30a2\u30eb\u30b4\u30fbHFT\u306e\u4fa1\u683c\u5f62\u6210\u3078\u306e\u5f71\u97ff<\/a><\/td>\n<td>\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u53d6\u5f15\u3084HFT\u304c\u3001\u6d41\u52d5\u6027\u306e\u4f9b\u7d66\u3084\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\u306a\u3069\u5e02\u5834\u4fa1\u683c\u306e\u5f62\u6210\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-34\/\">\u57f7\u884c\u30b3\u30b9\u30c8\u306e\u69cb\u6210\u3068\u6d41\u52d5\u6027\u6307\u6a19<\/a><\/td>\n<td>\u624b\u6570\u6599\u30fb\u7a0e\u91d1\u306a\u3069\u306e\u660e\u793a\u7684\u30b3\u30b9\u30c8\u3068\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a4\u30f3\u30d1\u30af\u30c8\u3084\u6a5f\u4f1a\u8cbb\u7528\u306a\u3069\u306e\u6f5c\u5728\u7684\u30b3\u30b9\u30c8\u306e\u533a\u5225\u3001\u6d41\u52d5\u6027\u306e\u6e2c\u308a\u65b9<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-35\/\">IS\u6cd5\u306b\u3088\u308b\u53d6\u5f15\u30b3\u30b9\u30c8\u5206\u6790<\/a><\/td>\n<td>\u58f2\u8cb7\u3092\u6c7a\u3081\u305f\u6642\u70b9\u306e\u4fa1\u683c\u3067\u5b8c\u5168\u306b\u57f7\u884c\u3067\u304d\u305f\u5834\u5408\u306e\u4eee\u60f3\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3068\u3001\u5b9f\u969b\u306e\u7d50\u679c\u3068\u306e\u5dee\u3067\u30b3\u30b9\u30c8\u3092\u6e2c\u308b\u65b9\u6cd5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-36\/\">VWAP\u6cd5\u306b\u3088\u308b\u53d6\u5f15\u30b3\u30b9\u30c8\u5206\u6790<\/a><\/td>\n<td>\u305d\u306e\u65e5\u306e\u51fa\u6765\u9ad8\u52a0\u91cd\u5e73\u5747\u4fa1\u683c\uff08VWAP\uff09\u3068\u5b9f\u969b\u306e\u7d04\u5b9a\u4fa1\u683c\u3092\u6bd4\u3079\u3066\u30b3\u30b9\u30c8\u3092\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\u3068\u3001\u305d\u306e\u9650\u754c<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-37\/\">\u6c17\u914d\u30b9\u30d7\u30ec\u30c3\u30c9\u3068\u5b9f\u52b9\u30b9\u30d7\u30ec\u30c3\u30c9<\/a><\/td>\n<td>\u58f2\u308a\u6c17\u914d\u3068\u8cb7\u3044\u6c17\u914d\u306e\u5dee\uff08\u6c17\u914d\u30b9\u30d7\u30ec\u30c3\u30c9\uff09\u3068\u3001\u5b9f\u969b\u306e\u7d04\u5b9a\u4fa1\u683c\u3068\u4ef2\u5024\u306e\u5dee\u304b\u3089\u6e2c\u308b\u5b9f\u52b9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u9055\u3044<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-38\/\">\u6f5c\u5728\u7684\u53d6\u5f15\u30b3\u30b9\u30c8\u306e\u63a8\u8a08<\/a><\/td>\n<td>\u76ee\u306b\u898b\u3048\u306b\u304f\u3044\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a4\u30f3\u30d1\u30af\u30c8\u306a\u3069\u306e\u30b3\u30b9\u30c8\u3092\u3001\u4e8b\u524d\u30fb\u4e8b\u5f8c\u306b\u63a8\u8a08\u3059\u308b\u65b9\u6cd5<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g2-equity-39\/\">\u6700\u826f\u57f7\u884c\u3068\u305d\u306e\u4f53\u5236<\/a><\/td>\n<td>\u9867\u5ba2\u306b\u3068\u3063\u3066\u6700\u3082\u6709\u5229\u306a\u6761\u4ef6\u3067\u58f2\u8cb7\u3092\u57f7\u884c\u3059\u308b\u8cac\u4efb\u306e\u610f\u5473\u3068\u3001\u305d\u308c\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306e\u793e\u5185\u306e\u65b9\u91dd\u30fb\u4f53\u5236\u3065\u304f\u308a<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u682a\u5f0f\u5206\u6790\u3092\u5b66\u3076\u3068\u304d\u306e\u30b3\u30c4<\/h2>\n<h3>1. 1\u6b21\u306e\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u3092\u5148\u306b\u5fa9\u7fd2\u3059\u308b<\/h3>\n<p>2\u6b21\u306e(4)\u306f\u30011\u6b21\u3067\u5b66\u3093\u3060DDM\u30fbFCFE\u5272\u5f15\u30e2\u30c7\u30eb\u30fb\u6b8b\u4f59\u5229\u76ca\u30e2\u30c7\u30eb\u306e\u4e0a\u306b\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u3044\u307e\u3059\u3002\u5b9a\u7387\u6210\u9577\u30e2\u30c7\u30eb\u3084\u30b5\u30b9\u30c6\u30a4\u30ca\u30d6\u30eb\u6210\u9577\u7387\u304c\u3042\u3084\u3075\u3084\u306a\u307e\u307e\u9032\u3080\u3068\u3064\u307e\u305a\u304d\u3084\u3059\u3044\u306e\u3067\u3001\u307e\u305a1\u6b21\u306e(3)\u3092<strong>\u81ea\u5206\u3067\u5f0f\u3092\u66f8\u3051\u308b\u30ec\u30d9\u30eb<\/strong>\u307e\u3067\u5fa9\u7fd2\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>2. \u300c\u306a\u305c\u305d\u306e\u624b\u6cd5\u3092\u9078\u3076\u306e\u304b\u300d\u3092\u8a00\u8449\u3067\u8aac\u660e\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b<\/h3>\n<p>2\u6b21\u306f\u8a18\u8ff0\u5f0f\u3067\u3059\u3002FCFF\u3068FCFE\u306e\u3069\u3061\u3089\u3092\u4f7f\u3046\u304b\u3001\u30d1\u30c3\u30b7\u30d6\u3068\u30a2\u30af\u30c6\u30a3\u30d6\u306e\u3069\u3061\u3089\u304c\u9069\u5207\u304b\u306a\u3069\u3001<strong>\u5224\u65ad\u306e\u7406\u7531<\/strong>\u3092\u554f\u308f\u308c\u308b\u5834\u9762\u304c\u591a\u304f\u306a\u308a\u307e\u3059\u3002\u8a08\u7b97\u7d50\u679c\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u306e\u624b\u6cd5\u3092\u9078\u3076\u6839\u62e0\u3092\u77ed\u3044\u6587\u7ae0\u3067\u66f8\u304f\u7df4\u7fd2\u3092\u3057\u3066\u304a\u304f\u3068\u5b89\u5fc3\u3067\u3059\u3002<\/p>\n<h3>3. 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rel=\"noopener\">@cma-fa-academy<\/a>\uff09\u3067\u306f\u3001\u3053\u3053\u3067\u7d39\u4ecb\u3057\u305f\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u30921\u3064\u305a\u3064\u52d5\u753b\u3067\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002\u30c6\u30ad\u30b9\u30c8\u3068\u3042\u308f\u305b\u3066\u6d3b\u7528\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"cma-link-box\">\n<p class=\"cma-link-box-title\">\u25b6 \u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma1-equity\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u3011\u682a\u5f0f\u5206\u6790\u3068\u306f\uff1f\u8981\u3059\u308b\u306b\u4f55\u3092\u5b66\u3076\u306e\u304b\u3092\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u89e3\u8aac<\/a><\/p>\n<p><a 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