TY  - BOOK
AU  - Auinger,Florian
ED  - SpringerLink (Online service)
TI  - The Causal Relationship between the S&P 500 and the VIX Index: Critical Analysis of Financial Market Volatility and Its Predictability 
T2  - BestMasters
SN  - 9783658089696
AV  - HG1-HG9999 
U1  - 332 23
PY  - 2015///
CY  - Wiesbaden
PB  - Springer Fachmedien Wiesbaden, Imprint: Springer Gabler
KW  - Finance
KW  - Finance, general
N1  - Risk and Emotions -- Financial Market Volatility -- Behavioural Finance -- VIX Index
N2  - Florian Auinger highlights the core weaknesses and sources of criticism regarding the VIX Index as an indicator for the future development of financial market volatility. Furthermore, it is proven that there is no statistically significant causal relationship between the VIX and the S&P 500. As a consequence, the forecastability is not given in both directions. Obviously, there must be at least one additional variable that has a strong influence on market volatility such as emotions which, according to financial market experts, are considered to play a more and more important role in investment decisions. Contents Risk and Emotions Financial Market Volatility Behavioural Finance VIX Index Target Groups  Researchers and students in the fields of risk management, portfolio management and investment banking Practitioners in these areas The Author Florian Auinger wrote his master thesis at the University of Applied Sciences in Steyr, Upper Austria and is currently working in the fields of mergers & acquisitions
UR  - http://dx.doi.org/10.1007/978-3-658-08969-6
ER  -