Predicting Equity VIX of Technological Companies
Divya V1, Sharon Sophia2
1Divya V, Research Scholar, VIT Business School, VIT University, Chennai, India.
2Dr. Sharon Sophia, Assistant Professor, VIT Business School, VIT University, Chennai, India.
Manuscript received on 03 March 2019 | Revised Manuscript received on 08 March 2019 | Manuscript published on 30 July 2019 | PP: 252-257 | Volume-8 Issue-2, July 2019 | Retrieval Number: A3279058119/19©BEIESP | DOI: 10.35940/ijrte.A3279.078219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The impulse of the study is to examine volatility index of single options share of five different companies. The study emphasizes on the relationship between various VIX stocks when compared with VIX of Apple. The main objective of this study is to predict relationship of volatility index of single options stock of five different companies – Apple, Amazon, Goldman Sachs, Google, IBM. These equity stocks are considered to be the premier stocks which has its independent VIX. The study uses time series model. The test of its relevance is done Correlation, Covariance, ARCH and Granger Causality test. Any change in the VIX index of Amazon, Goldman sacks, IBM will not affect VIX of Apple. There will not be market affect for stock Amazon, Google, VIX and Goldman Sachs. It is the first study to identify the relationship of the volatility index of single options stock of five different companies.
Keywords: Volatility Index, Stock Market, Covariance, NIFTY, GARCH
Scope of the Article: Marketing and Social Sciences