Research On Quantitative Investment Strategy Based On IVIX

As we all know,in recent years,behavioral finance has become a hot topic in the international finance circles,the corresponding quantitative investment has become the most important in the history of modern financial investment,research results of behavioral finance from psychology,behavioral science,sociology and other disciplines,the research of the whole investors in under the assumption of non rational investment behavior and its impact on the assets pricing.The development of behavioral finance provides us a new way to study the various anomalies in the market and the situation that can not be explained by traditional finance.This paper is based on the behavioral finance,to the reality of the investors as the research subject,comprehensive and detailed discusses the influence of investor sentiment index IVIX on the stock market index returns,and has carried on the empirical research and analysis,finally make some applicable IVIX index based on behavior financial investment strategy.This study will be beneficial to the market irrational investors recognize themselves,then reduce or correct irrational investment behavior,for investors using the behavioral finance theory,the choice of investment strategy,provide reference significance to gain market excess returns.