@article {Moran40, author = {Matthew T. Moran}, title = {The VIX Index as a Market Signal and Hedging and Asset Allocation Tool}, volume = {2004}, number = {1}, pages = {40--49}, year = {2004}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Is volatility the {\textquotedblleft}perfect asset{\textquotedblright} to add to an equity portfolio? Has the CBOE Volatility Index (VIX) been a useful market signal and guide to future market direction? Does the VIX Index have the potential to be a powerful tool in investors{\textquoteright} asset allocation and hedging decisions? Some recent literature has explored these issues, and this article will provide some evidence to help readers answer these questions.}, URL = {https://guides.pm-research.com/content/2004/1/40}, eprint = {https://guides.pm-research.com/content/2004/1/40.full.pdf}, journal = {ETFs and Indexing} }