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Ein Zyklischer Wert beschreibt ein Wertpapier, dessen Kurs parallel zu den Konjunkturzyklen verläuft. Befindet sich die Wirtschaft im Aufschwung, steigt somit der Aktienkurs. Ist die Wirtschaft in der Rezession, sinkt er. Antizyklische Werte bilden somit einen umgekehrt verlaufenden Kurs.
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