1. Kunzwisisa iyo Volatility Index (VIX)
Pakati pepakati pemusika wezvemari yakaoma ecosystem, pane chikara icho traders inowanzonetsana nayo - the Volatility Index (VIX). Inowanzo kunzi 'fear gauge', iyo VIX inoyera musika ngozi, kutya, uye kusava nechokwadi. Iyo indekisi inomiririra tarisiro yemusika yemazuva makumi matatu-yakatarisa kumberi-kusagadzikana, inotorwa kubva mumitengo yekupinza yeS&P 30 index sarudzo.
Sei kushanda? Iyo VIX inoda kusimuka kana paine kuderera kukuru kwemusika, zvichiratidza kuwedzera kwekutya uye kusagadzikana pakati. traders. Sezvineiwo, mumusika wakagadzikana, bhizinesi, VIX inodonha kazhinji, ichiratidza kuderera kwekutya.
Sei uchifanira kufarira? Iyo VIX inogona kuve chishandiso chine simba mune a trader's arsenal. Inopa snapshot yemusika manzwiro, kuita sebarometer yezinga rekutya uye kusava nechokwadi. Izvi zvinogona kubatsira traders fungidzira zvinogona kuitika pamusika uye kuita sarudzo dzine ruzivo.
sei trade iyo VIX? Kune nzira dzinoverengeka dzeku trade iye VIX. Unogona trade sarudzo uye remangwana paVIX pachayo, kana iwe unogona trade ETFs uye ETNs inoteedzera VIX. Zvisinei, wokutengesera iyo VIX inoda nzwisiso yakadzama yemabatiro anoita kusagadzikana uye kuti inotengeswa sei mumasarudzo.
Chinokosha kutora: Iyo Volatility Index (VIX) haingori chiyero che Misika kusagadzikana, asiwo chiratidzo chemusika manzwiro. Nekunzwisisa nekutarisa VIX, traders inogona kuwana yakasarudzika ruzivo mumusika dynamics uye inogona kuwedzera yavo zvokutengeserana nzira. Rangarira, kutengesa VIX hakusi kwevane moyo wakaneta. Zvinoda kunzwisiswa kwakasimba kwemusika, zano rinonzwika, uye dumbu rakasimba renjodzi.
1.1. Pfungwa yeVolatility mukutengesa
Volatility, munyika yekutengeserana, izwi rinotakura huremu hunokosha. Ndiyo chiyero chehuwandu hwekufamba kwemutengo wekuchengetedza nekufamba kwenguva uye inogona kuve chinhu chakakosha pakuona nzira dzekutengesa. Muchidimbu, kusagadzikana kuri pamusoro pekusatarisika kwekuchinja kwemutengo. Kana musika unonzi hausi kugadzikana, zvinoreva shanduko yemitengo iri kuitika mukuchinja kukuru, uye shanduko idzi dzinogona kuitika nekukurumidza mukati menguva pfupi.
For traders, kunzwisisa kusagadzikana kwakafanana nemufambisi wengarava anonzwisisa mafambiro egungwa. Isimba rine simba rinogona kukushandira kana kukupidigura inivhesitimendi chikepe. Vatengesi vanogona kushandisa simba rekusagadzikana vanomira kuti vawane pundutso huru. Kune rumwe rutivi, avo vanokundikana kufamba mauri vangazviwana vamene vabatwa netsitsi dzemafungu asingafungidziriki emusika.
Yakakwirira kusagadzikana kazhinji inoratidza kuwedzera kusava nechokwadi mumusika. Uku kusava nechokwadi kunogona kutungamirirwa nezvinhu zvakasiyana-siyana, kubva kune zviratidzo zvehupfumi, zviitiko zve geopolitical, kunyange njodzi dzinongoitika dzoga. Munguva yekusagadzikana kwakanyanya, musika unofamba zvisina tsarukano, uchigadzira zvese njodzi nemukana. Mitengo inogona kukwira zvakanyanya, ichigadzira mukana wekuita purofiti yakakura, asiwo njodzi yekurasikirwa kwakanyanya.
Mukutaura, kuderera kwakadzika inomiririra musika mukuenzana. Mitengo inofamba nenzira inofanotaurwa uye yakatsiga. Kunyange izvi zvingaite senzvimbo yakachengeteka yekutengesa, zvinoreva zvakare mikana mishoma yekuwana zvakakosha.
The Volatility Index (VIX) chombo icho traders shandisa kuyera kusagadzikana kwemusika. Inowanzo kunzi 'fear gauge' nekuti inowanzosimuka kana vatengesi vachitya uye vachidonha kana vaine chivimbo. Nekunzwisisa nekutarisa VIX, traders inogona kuwana manzwisisiro emusika manzwiro uye inogona kufanotaura kushanduka kweramangwana.
Mukutengesa, kusagadzikana hachisi chinhu chekutya asi kukumbundira. Ndiwo masaisai anogona kufambisa munhu ane ruzivo trader kumahombekombe ane pundutso. Zvisinei, kufanana nesimba ripi neripi rine simba, rinofanira kubatwa noruremekedzo nokunzwisisa.
1.2. Chii chinonzi Volatility Index (VIX)?
Kazhinji inonzi "yegeji yekutya" yemusika, iyo Volatility Index (VIX) indekisi yemusika-chaiyo inomiririra tarisiro yemusika yemazuva makumi matatu-inotarisisa kushanduka. Yakatorwa kubva mumitengo yekupinza yeS&P 30 index sarudzo, inopa chiyero chenjodzi yemusika uye manzwiro evanoisa mari.
VIX haisi pfuma inobatika iyo munhu anogona kuva nayo; asi, chiyero chinoshandisa mutengo wezvisarudzo paS&P 500 kufungidzira kuti sarudzo idzi dzinenge dzisisina kugadzikana sei pakati pezuva razvino uye zuva rekupera kwesarudzo. Iyo data inobva yadimburwa kugadzira nhamba iri pakati pe1 ne100.
Yakakwira VIX kukosha kunoreva izvozvo traders vanotarisira iyo S&P 500 index ichachinja zvakanyanya, zvichiratidza kuderera kwemusika, nepo kuderera. VIX kukosha kunoratidza nguva isina kusimba.
Zvisinei, zvakakosha kucherechedza kuti VIX haifanotaura nzira. A high VIX kukosha hazvireve hazvo kuti musika uchaenda pasi. Zvinongoreva kuti tinogona kutarisira kuchinja kukuru munzira ipi neipi.
Naizvozvo, kutengesa the VIX inosanganisira kunzwisisa hukama hwayo hwakasiyana nemusika. Kana musika wakadzikama, iyo VIX yakaderera. Kana musika waita kusagadzikana, the VIX zvakakwirira. Hukama uhu hunoita VIX chishandiso chakakosha che traders kudzivirira kushanduka kwemusika, zvichiita kuti ive chikamu chakakosha chechero hunyanzvi urongwa hwokutengesa.
1.3. Basa reVIX mumusika
Munyika inogara ichichinja-chinja yekutengeserana, kunzwisisa iyo VIX (Volatility Index) inogona kuve chombo chako chakavanzika. VIX, inowanzonzi 'fear gauge', ine basa rakakosha mumusika. Inopa chaiyo-nguva yemusika manzwiro, ichiratidza tarisiro yevanoisa mari mune ramangwana kusagadzikana.
Iyo VIX inopesana nekuita kwemusika. Apo misika yakadzikama uye ichikwira zvishoma nezvishoma, VIX inowanzove yakaderera. Nekudaro, kana musika ukashanduka uye mitengo ichinyungudika, iyo VIX inokwira. Iyi inverse relationship inopa traders a unyanzvi hunoshamisa mune mamiriro emusika uye zvinogona kuchinja munzira.
Kutengesa iyo VIX haisi yekufanotaura mafambiro emitengo chaiwo. Pane kudaro, ndezvekuyera manzwiro emusika wese uye kuita sarudzo dzine ruzivo zvichibva pane izvo. Semuenzaniso, kamwe kamwe spike muVIX inogona kuratidza kutya kwakawedzera uye kusagadzikana pakati pevanoisa mari. Ichi chinogona kunge chiri chiratidzo chekutsika-tsika zvakanaka kana kufunga zvinzvimbo zvekudzivirira.
Izvo zvakakosha kuyeuka kuti VIX haisi yega yega chishandiso. Inofanira kushandiswa pamwe chete nezvimwe zviratidzo zvemusika kune maonero akazara. Semuenzaniso, kubatanidza VIX neS&P 500 inogona kupa mufananidzo wakasimba wehutano hwemusika.
Nguva ndeyezvose pakutengesa VIX. Zvinogona kubatsira kutarisa kukwirisa kwakanyanya kana kudzikira, sezvo izvi zvinowanzo ratidza kuti kuchinja kwave pedyo. Nekudaro, izvi zvakanyanyisa zvinogona zvakare kuve chiratidzo chekuenderera mberi kusagadzikana, saka zvakakosha kuti titarise yakakura musika mamiriro.
Iyo VIX inogona zvakare kuve yakakosha chishandiso chehedhi. Kana misika inotarisirwa kuwedzera kushanduka, a trader inogona kutenga VIX sarudzo sechimiro cheinishuwarenzi. Nenzira iyi, kana musika ukawedzera kusagadzikana, kuwedzera kweVIX kunogona kukanganisa kurasikirwa mune dzimwe nzvimbo.
Pakazara, iyo VIX chishandiso chine simba mune a trader's arsenal. Nekunzwisisa basa rayo uye mashandisiro ayo zvinobudirira, unogona kufamba pamusika uine chivimbo chakakura uye nemazvo.
2. Kutengesa iyo Volatility Index (VIX)
Kutengesa iyo Volatility Index (VIX) zvakangofanana nekukwira roller coaster. Chiitiko chinofadza chinoda dumbu rakasimba, pfungwa dzakapinza, uye kutsunga kusingazununguki. Iyo VIX, inowanzonzi 'Fear Gauge', chiyero chetarisiro yemusika yekusagadzikana mune ramangwana. Haisi yechinyakare asset, asi chiyero chakavakirwa pane yairehwa kushanduka kweS&P 500 index sarudzo.
Kunzwisisa VIX yakakosha usati watanga kuitengesa. Izvo zvinoenderana nekuita kwemusika. Rini misika vakadzikama uye vachisimuka, iyo VIX inowanzove yakaderera. Asi kana kutya uye kusava nechokwadi kuchikwira mumusika, iyo VIX inokwira. Iyi inverse correlation inoita kuti ive chishandiso chakanakisa chekuvhara kurwisa kudzikira kwemusika.
Kutengeserana VIX zvinogona kuitwa nenzira dzakawanda. Unogona trade VIX ramangwana kana sarudzo, kana kuburikidza neExchange Traded Products (ETPs) inoteedzera VIX ramangwana. Nekudaro, ramba uchifunga kuti zviridzwa izvi zvakaoma uye zvinouya nenjodzi huru. Naizvozvo, hadzina kufanira kuva novice traders kana avo vane kushivirira kwengozi shoma.
Kuchengeta nguva kwakakosha pakutengesa VIX. Zvakanyanya kunaka kutenga kana VIX yakakwira, zvichiratidza kutya uye kusagadzikana mumusika, uye kutengesa kana yakaderera. Nekudaro, kufembera aya nhongonya uye zvinwiwa zvinogona kunetsa, kunyangwe kune zvakarungwa traders.
Kutarisira ngozi inonyanya kukosha pakutengesa VIX. Icho chiridzwa chinoshanduka-shanduka chinogona kukonzera kurasikirwa kukuru. Naizvozvo, zvakakosha kushandisa kurega-kurasika mirairo, miganhu yemirairo, nezvimwe kutarisira ngozi zvishandiso zvekuchengetedza capital yako.
Chekupedzisira, rangarira kuti kutengesa VIX hakusi kwemunhu wese. Zvinoda kunzwisisa kwakadzama kwemusika, kushivirira kwepamusoro-ngozi, uye nzira yakarongeka. Asi kune avo vanogona kuzvigona, kutengesa iyo VIX inogona kuva nzira ine mubairo yekuwana purofiti kubva mukusagadzikana kwemusika.
2.1. VIX Trading Instruments
VIX zvekutengesa zviridzwa ndiwo maturusi aunoshandisa kushandisa mari pakufamba kwevolatility index. Zviridzwa izvi zvinouya nenzira dzakasiyana, chimwe nechimwe chichipa mabhenefiti akasiyana uye matambudziko.
1. VIX Ramangwana: Senzira yakananga, VIX ramangwana rinokutendera kuti ufungidzire paunotenda kuti VIX ichave pane ramangwana. Zvibvumirano izvi traded paCBOE Futures Exchange uye inogona kutengwa nekutengeswa zuva rese rekutengesa. Nekudaro, zvakakosha kuyeuka kuti kutengeserana kweramangwana kunogona kuve kwakaoma uye kunosanganisira njodzi yakakura.
2. VIX Sarudzo: Izvi zvinobva kune izvo zvinopa muridzi kodzero, asi kwete chisungo, kutenga kana kutengesa VIX nemutengo chaiwo zuva risati rasvika. Sarudzo dzekutengesa inopa nzira yekudzivirira kusagadzikana kwemusika kana kufungidzira mafambiro emangwana.
3. VIX ETFs uye ETNs: Shanduko-Inotengeswa Mari (ETFs) uye Exchange-Traded Notes (ETNs) yakasungirirwa kuVIX inopa kuratidzwa kwekusagadzikana pasina kuda kubata neramangwana kana sarudzo. Ivo vanoteedzera kuita kweVIX, vachipa nzira iri nyore yeku trade kusagadzikana.
4. Kusagadzikana Mutual Funds: Aya mapotifolio anochengetedzwa anodyara mune dzakasiyana siyana-zvine hukama neVIX, zvichipa nzira dzakasiyana dzekutengesa kusagadzikana.
Imwe neimwe yezviridzwa izvi ine manuances ayo uye inoda kunzwisisa kwakadzama usati wanyura mukati. Naizvozvo, zvakakosha kuti uite tsvakiridzo yakakwana uye, kana zvichibvira, tsvaga zano kubva kune zvemari chipangamazano usati watanga kutengesa VIX.
2.2. Matanho eVIX Trading
Kunzwisisa VIX nzira dzekutengesa inogona kuva rwendo runofadza kupinda munyika yekutengeserana isina simba. Pakati pemazano aya pane kunzwisisa kwakakosha kuti VIX, inowanzodaidzwa kuti 'fear index', chiyero chekusagadzikana kwemangwana kunotarisirwa.
Imwe yenzira dzakakurumbira ndeye Long Volatility strategy. Iyi nzira inosanganisira kutenga VIX kana iwe uchitarisira kuwedzera kwekusagadzikana. Izvi zvinogona kunyanya kubatsira munguva dzekusagadzikana kwemusika kana pamberi pezviziviso zvakakosha zvehupfumi. Vatengesi vanotora zano iri vari kubheja kuti musika uchawedzera kushanduka, izvo zvaizoita kuti VIX isimuke.
Imwe nzira inowanzoshandiswa ndeye Short Volatility strategy. Pano, traders vanotengesa VIX kana vachifungidzira kudzikira kwekusagadzikana. Iri zano rinowanzo shandiswa panguva dzekudzikama kwemusika, uko tarisiro ndeyekushanduka kuderera.
Sarudzo uye remangwana rekutengesa paVIX inopawo mikana yakawanda ye traders. Semuenzaniso, kutenga VIX kufona sarudzo kunogona kupa dziviriro kubva mukuderera kwemusika, nepo kutengesa VIX kuisa sarudzo kunogona kuunza mari panguva dzakadzikama dzemusika.
Zvisinei, zvakakosha kuziva kuti kutengesa VIX kunoda kunzwisisa kwakasimba kwemaitiro epasi uye nzira yakanaka yekugadzirisa njodzi. Iyo VIX haisi yechinyakare asi chiyero chemusika manzwiro, zvichiita kuti ive yakasarudzika uye inonetsa chiridzwa trade. Naizvozvo, zvakakosha kuti ugare uine ruzivo, uite tsvakiridzo yakakwana, uye urambe wakangwarira musika Maitiro uye mashifiti.
Pair Trading imwe nzira apo traders inoenda kureba pane imwe asset uye ipfupi pane imwe, uchitenda kuti mutengo unosiyana uchasangana kana kutsauka. Muchirevo cheVIX, traders inogona kuenda kureba paVIX uye ipfupi paS&P 500 pavanotarisira kuti kusagadzikana kwemusika kuwedzere.
Pakupedzisira, Volatility Arbitrage inzira yakaoma kunzwisisa inotsvaga kushandisa misiyano pakati pezvinoreva volatility (sezvinoratidzwa mumitengo yesarudzo) uye inotarisirwa yakaitika kushanduka. Vatengesi vanoshandisa zano iri vanowanzo shandisa yakaoma algorithms uye yakakwirira-kumhanya masystem ekutengesa.
Muchidimbu, kiyi yekubudirira kwekutengesa VIX iri mukunzwisisa misika yemusika, kugara uine ruzivo, uye kushandisa zano rakanaka panguva chaiyo.
2.3. Njodzi uye Matambudziko muVIX Kutengeserana
VIX kutengesa, kunyange zvazvo ichigona kuita mari yakawanda, haisi yevane mwoyo yakaneta. Inhandare yakaoma yakazara nemakomba uye matambudziko anogona kusiya kunyange akarungwa traders vachikwenya misoro yavo.
Chekutanga, zvakakosha kuti unzwisise kuti VIX haisi chengetedzo yechinyakare, asi chiyero chekusagadzikana kwemangwana kunotarisirwa. Izvi zvinoreva kuti hausi kunyatsotenga kana kutengesa asset asi tichifungidzira nezvemamiriro emangwana emusika. Ichi chakasarudzika hunhu chinogona kuita kuti VIX inonetsa kufanotaura uye njodzi dzine chekuita nekutengesa iyo yakakwira zvakanyanya.
Imwe yematambudziko akakosha muVIX kutengeserana ndeye 'contango' effect. Contango inoitika kana mutengo wemangwana weVIX wakakwira kupfuura mutengo wenzvimbo. Mamiriro ezvinhu aya anogona kukonzera kurasikirwa kwe traders vanobata zvinzvimbo zvakareba, sezvo vachizofanira kubhadhara yakawanda kuti vafambise zvinzvimbo zvavo mberi.
Rimwe dambudziko rinozivikanwa ndere kumhanya iyo VIX inogona kufamba. Volatility inogona kukwira nekukurumidza mukuita kumusika nhau kana shanduko mumanzwiro emu investor, zvinotungamira kukurumidza uye kwakakosha kuchinja kwemutengo. Kusagadzikana uku kunogona kukonzera kurasikirwa kukuru kana traders vanobatwa padivi risiri iro rekufamba.
Pakupedzisira, VIX inowanzoonekwa sea contrarian chiratidzo. Kana iyo VIX yakakwirira, inowanzova chiratidzo chekutya kwemusika, uye kana yakaderera, inoratidza kugadzikana kwemusika. Iyi hukama hwekupikisa-intuitive inogona kuvhiringidza kune traders itsva kuVIX, zvichitungamira mukududzira zvisizvo uye kurasikirwa kunogona kuitika.
Kunzwisisa njodzi nematambudziko aya kwakakosha kune chero munhu anofunga kutengesa iyo VIX. Haisi chirongwa chekupinzwa zvishoma, asi neruzivo rwakakwana uye zano, inogona kupa yakasarudzika mikana yepurofiti mumisika yemari.
