Open AccessPredicting Equity VIX of Technological Companies
Author(s) -
V Divya,
Sharon Sophia
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.a3279.078219
Subject(s) - volatility (finance) , granger causality , econometrics , economics , financial economics , equity (law) , stock market index , stock (firearms) , ibm , stock market , geography , context (archaeology) , materials science , archaeology , political science , law , nanotechnology
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.