{"id":15773,"date":"2026-05-20T17:33:06","date_gmt":"2026-05-20T17:33:06","guid":{"rendered":"https:\/\/algo0.com\/?p=15773"},"modified":"2026-08-16T14:25:06","modified_gmt":"2026-08-16T14:25:06","slug":"when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges","status":"publish","type":"post","link":"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/","title":{"rendered":"\u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0648\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a | Algo0 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 | Algo0"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"Introduction_Framing_the_Impact_of_VIX_Spikes_on_Systematic_Investing\"><\/span>\u0645\u0642\u062f\u0645\u0629: \u062a\u0623\u0637\u064a\u0631 \u062a\u0623\u062b\u064a\u0631 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0645\u0624\u0634\u0631 VIX \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u062a\u064f\u0645\u062b\u0644 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0627\u0644\u0645\u0641\u0627\u062c\u0626\u0629 \u0641\u064a \u0645\u0624\u0634\u0631 VIX\u060c \u0627\u0644\u0630\u064a \u064a\u064f\u0639\u0631\u0641 \u063a\u0627\u0644\u0628\u064b\u0627 \u0628\u0627\u0633\u0645 \"\u0645\u0642\u064a\u0627\u0633 \u0627\u0644\u062e\u0648\u0641\"\u060c \u062a\u062d\u062f\u064a\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u064a\u0646. \u062a\u064f\u062e\u0644\u0651 \u0647\u0630\u0647 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0627\u0644\u062d\u0627\u062f\u0629 \u0641\u064a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0628\u0627\u0644\u0648\u062a\u064a\u0631\u0629 \u0627\u0644\u0645\u0646\u062a\u0638\u0645\u0629 \u0644\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0642\u0648\u0627\u0639\u062f\u060c \u0648\u0630\u0644\u0643 \u0628\u062a\u063a\u064a\u064a\u0631 \u062f\u064a\u0646\u0627\u0645\u064a\u0643\u064a\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0645\u0648\u062b\u0648\u0642\u064a\u0629 \u0627\u0644\u0625\u0634\u0627\u0631\u0627\u062a. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0639\u062a\u0645\u062f\u0648\u0646 \u0639\u0644\u0649 \u0646\u0645\u0627\u0630\u062c \u0645\u064f\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627\u060c \u0641\u0625\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX \u0644\u064a\u0633 \u0645\u062c\u0631\u062f \u062d\u062f\u062b \u0633\u0648\u0642\u064a \u0639\u0627\u0628\u0631\u060c \u0628\u0644 \u0647\u0648 \u0625\u0634\u0627\u0631\u0629 \u062a\u0633\u062a\u062f\u0639\u064a \u0625\u0639\u0627\u062f\u0629 \u062a\u0642\u064a\u064a\u0645 \u062f\u0642\u064a\u0642\u0629 \u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0648\u0636\u0648\u0627\u0628\u0637\u0647\u0627. \u0625\u0646 \u0641\u0647\u0645 \u0645\u0627 \u064a\u062c\u0628 \u0645\u0631\u0627\u0642\u0628\u062a\u0647 \u062e\u0644\u0627\u0644 \u0647\u0630\u0647 \u0627\u0644\u0641\u062a\u0631\u0627\u062a \u0642\u062f \u064a\u064f\u062d\u062f\u062b \u0641\u0631\u0642\u064b\u0627 \u062c\u0648\u0647\u0631\u064a\u064b\u0627 \u0628\u064a\u0646 \u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u0627\u0636\u0637\u0631\u0627\u0628\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0648\u0642\u0648\u0639 \u0641\u064a \u062e\u0633\u0627\u0626\u0631 \u0643\u0627\u0646 \u064a\u064f\u0645\u0643\u0646 \u062a\u062c\u0646\u0628\u0647\u0627.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #2b7abf;color:#2b7abf\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #2b7abf;color:#2b7abf\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Introduction_Framing_the_Impact_of_VIX_Spikes_on_Systematic_Investing\" >\u0645\u0642\u062f\u0645\u0629: \u062a\u0623\u0637\u064a\u0631 \u062a\u0623\u062b\u064a\u0631 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0645\u0624\u0634\u0631 VIX \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#VIX_Basics_What_the_Index_Actually_Tells_Investors\" >\u0623\u0633\u0627\u0633\u064a\u0627\u062a VIX: \u0645\u0627\u0630\u0627 \u064a\u062e\u0628\u0631 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0641\u0639\u0644\u064a\u064b\u0627\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Understanding_the_Immediate_Implications_of_VIX_Volatility_Spikes_for_Systematic_Strategies\" >\u0641\u0647\u0645 \u0627\u0644\u0622\u062b\u0627\u0631 \u0627\u0644\u0645\u0628\u0627\u0634\u0631\u0629 \u0644\u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u062a\u0642\u0644\u0628\u0627\u062a \u0645\u0624\u0634\u0631 VIX \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Key_Risk_Management_Considerations_During_Volatility_Surges\" >\u0627\u0639\u062a\u0628\u0627\u0631\u0627\u062a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0623\u062b\u0646\u0627\u0621 \u0641\u062a\u0631\u0627\u062a \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#How_VIX_Spikes_Can_Change_Portfolio_Volatility\" >\u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u063a\u064a\u0631 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Behavioral_and_Structural_Market_Changes_Triggered_by_VIX_Spikes\" >\u0627\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0627\u0644\u0633\u0644\u0648\u0643\u064a\u0629 \u0648\u0627\u0644\u0647\u064a\u0643\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0646\u0627\u062c\u0645\u0629 \u0639\u0646 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0645\u0624\u0634\u0631 VIX<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#What_Predefined_Rules_Should_Do_During_a_VIX_Spike\" >\u0645\u0627\u0630\u0627 \u064a\u062c\u0628 \u0623\u0646 \u062a\u0641\u0639\u0644 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627 \u0623\u062b\u0646\u0627\u0621 \u0627\u0631\u062a\u0641\u0627\u0639 VIX\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Common_Mistakes_and_Misconceptions_Systematic_Investors_Make_During_VIX_Spikes\" >\u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0648\u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u0627\u0644\u062a\u064a \u064a\u0642\u0639 \u0641\u064a\u0647\u0627 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0648\u0646 \u0623\u062b\u0646\u0627\u0621 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0645\u0624\u0634\u0631 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 (VIX).<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Realistic_Investor_Scenario_Navigating_a_VIX_Spike_in_a_Rule-Based_Equity_Strategy\" >\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0648\u0627\u0642\u0639\u064a \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631: \u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX \u0641\u064a \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0623\u0633\u0647\u0645 \u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0642\u0648\u0627\u0639\u062f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Practical_Takeaways_What_Systematic_Investors_Should_Watch_and_Adjust_When_the_VIX_Spikes\" >\u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0639\u0645\u0644\u064a\u0629: \u0645\u0627 \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u064a\u0646 \u0645\u0631\u0627\u0642\u0628\u062a\u0647 \u0648\u062a\u0639\u062f\u064a\u0644\u0647 \u0639\u0646\u062f \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 (VIX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Integrating_Volatility_Spike_Awareness_into_Systematic_Investment_Discipline\" >\u062f\u0645\u062c \u0627\u0644\u0648\u0639\u064a \u0628\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062d\u0627\u062f\u0629 \u0641\u064a \u0645\u0646\u0647\u062c\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u0638\u0645<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Reviewing_a_VIX_Spike_Within_a_Broader_Risk_Framework\" >\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0636\u0645\u0646 \u0625\u0637\u0627\u0631 \u0645\u062a\u0643\u0627\u0645\u0644 \u0644\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Frequently_Asked_Questions_About_VIX_Spikes_and_Systematic_Investing\" >\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u062d\u0648\u0644 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0648\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#What_does_a_VIX_spike_mean_for_a_systematic_investor\" >\u0645\u0627\u0630\u0627 \u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Does_a_high_VIX_mean_the_stock_market_will_fall\" >\u0647\u0644 \u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0623\u0646 \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645 \u0633\u064a\u0646\u062e\u0641\u0636\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Should_I_change_my_portfolio_when_the_VIX_rises\" >\u0647\u0644 \u064a\u062c\u0628 \u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0639\u0646\u062f \u0627\u0631\u062a\u0641\u0627\u0639 VIX\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#How_can_systematic_investors_prepare_for_VIX_spikes\" >\u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0644\u0627\u0631\u062a\u0641\u0627\u0639 VIX\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Is_the_VIX_enough_to_evaluate_portfolio_risk\" >\u0647\u0644 \u064a\u0643\u0641\u064a VIX \u0644\u062a\u0642\u064a\u064a\u0645 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u061f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/algo0.com\/ar\/when-the-vix-spikes-what-systematic-investors-should-watch-in-volatility-surges\/#Can_VIX_spikes_create_execution_problems\" >\u0647\u0644 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0624\u062f\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0625\u0644\u0649 \u0645\u0634\u0643\u0644\u0627\u062a \u0641\u064a \u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0635\u0641\u0642\u0627\u062a\u061f<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<blockquote data-start=\"443\" data-end=\"1310\">\n<h2 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"1k48mhk\" data-start=\"445\" data-end=\"499\"><span class=\"ez-toc-section\" id=\"VIX_Basics_What_the_Index_Actually_Tells_Investors\"><\/span>\u0623\u0633\u0627\u0633\u064a\u0627\u062a VIX: \u0645\u0627\u0630\u0627 \u064a\u062e\u0628\u0631 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0641\u0639\u0644\u064a\u064b\u0627\u061f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"504\" data-end=\"776\">\u064a\u064f\u0639\u0631\u0641 VIX \u0639\u0644\u0649 \u0646\u0637\u0627\u0642 \u0648\u0627\u0633\u0639 \u0628\u0627\u0633\u0645 \u0645\u0624\u0634\u0631 \u0627\u0644\u062e\u0648\u0641 \u0641\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0643\u0646 \u062f\u0648\u0631\u0647 \u0627\u0644\u0639\u0645\u0644\u064a \u0623\u0643\u062b\u0631 \u062a\u062d\u062f\u064a\u062f\u064b\u0627\u061b \u0641\u0647\u0648 \u064a\u0639\u0643\u0633 \u062a\u0648\u0642\u0639\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0628\u0634\u0623\u0646 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0642\u0644\u0628 \u0642\u0635\u064a\u0631 \u0627\u0644\u0623\u062c\u0644 \u0641\u064a \u0645\u0624\u0634\u0631 S&amp;P 500 \u0628\u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a. \u0623\u064a \u0623\u0646\u0647 \u064a\u0642\u064a\u0633 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0648\u0644\u064a\u0633 \u0627\u062a\u062c\u0627\u0647 \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645.<\/p>\n<p data-start=\"781\" data-end=\"1036\">\u0648\u064a\u0634\u064a\u0631 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0639\u0627\u062f\u0629\u064b \u0625\u0644\u0649 \u0623\u0646 \u0633\u0648\u0642 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a \u064a\u0633\u0639\u0651\u0631 \u0645\u0633\u062a\u0648\u0649 \u0623\u0643\u0628\u0631 \u0645\u0646 \u0639\u062f\u0645 \u0627\u0644\u064a\u0642\u064a\u0646 \u0628\u0634\u0623\u0646 \u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629. \u0644\u0643\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0645\u0624\u0634\u0631 \u0644\u0627 \u064a\u0639\u0646\u064a \u062a\u0644\u0642\u0627\u0626\u064a\u064b\u0627 \u0623\u0646 \u0627\u0644\u0623\u0633\u0647\u0645 \u0633\u062a\u0646\u062e\u0641\u0636\u060c \u0643\u0645\u0627 \u0623\u0646 \u0627\u0646\u062e\u0641\u0627\u0636\u0647 \u0644\u0627 \u064a\u0636\u0645\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0623\u0633\u0648\u0627\u0642.<\/p>\n<p data-start=\"1041\" data-end=\"1310\">\u0648\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a\u060c \u0645\u0646 \u0627\u0644\u0623\u0641\u0636\u0644 \u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639 VIX \u0628\u0627\u0639\u062a\u0628\u0627\u0631\u0647 \u0645\u0624\u0634\u0631\u064b\u0627 \u0633\u064a\u0627\u0642\u064a\u064b\u0627 \u0644\u0644\u0645\u062e\u0627\u0637\u0631. \u0648\u062a\u0638\u0647\u0631 \u0642\u064a\u0645\u062a\u0647 \u0641\u064a \u0645\u0633\u0627\u0639\u062f\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0639\u0644\u0649 \u0645\u0639\u0631\u0641\u0629 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0628\u064a\u0626\u0629 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u062a\u062a\u0648\u0627\u0641\u0642 \u0645\u0639 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u0627\u062a \u0648\u062d\u062f\u0648\u062f \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062a\u064a \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u064a\u0647\u0627 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u0645\u062d\u0641\u0638\u0629.<\/p>\n<\/blockquote>\n<h3 data-section-id=\"1xdudep\" data-start=\"1312\" data-end=\"1330\"><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_the_Immediate_Implications_of_VIX_Volatility_Spikes_for_Systematic_Strategies\"><\/span>\u0641\u0647\u0645 \u0627\u0644\u0622\u062b\u0627\u0631 \u0627\u0644\u0645\u0628\u0627\u0634\u0631\u0629 \u0644\u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u062a\u0642\u0644\u0628\u0627\u062a \u0645\u0624\u0634\u0631 VIX \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0639\u0646\u062f\u0645\u0627 \u064a\u0631\u062a\u0641\u0639 \u0645\u0624\u0634\u0631 VIX \u0628\u0634\u0643\u0644 \u062d\u0627\u062f\u060c \u0641\u0647\u0630\u0627 \u064a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0632\u064a\u0627\u062f\u0629 \u0633\u0631\u064a\u0639\u0629 \u0641\u064a \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629\u060c \u0642\u062f \u064a\u064f\u0642\u0648\u0651\u0636 \u0647\u0630\u0627 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u0627\u062a \u0627\u0644\u0645\u064f\u0636\u0645\u0651\u0646\u0629 \u0641\u064a \u0646\u0645\u0627\u0630\u062c\u0647\u0627. \u0648\u0642\u062f \u062a\u062a\u062f\u0647\u0648\u0631 \u0645\u0648\u062b\u0648\u0642\u064a\u0629 \u0627\u0644\u0625\u0634\u0627\u0631\u0629 \u0645\u0639 \u0627\u0632\u062f\u064a\u0627\u062f \u0636\u0648\u0636\u0627\u0621 \u0623\u0646\u0645\u0627\u0637 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0648\u062a\u0631\u0627\u062c\u0639 \u0642\u062f\u0631\u062a\u0647\u0627 \u0639\u0644\u0649 \u0627\u0644\u062a\u0646\u0628\u0624. \u0643\u0645\u0627 \u064a\u0635\u0628\u062d \u062a\u0648\u0642\u064a\u062a \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0623\u0643\u062b\u0631 \u0635\u0639\u0648\u0628\u0629\u061b \u0625\u0630 \u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u0627\u0646\u0632\u0644\u0627\u0642 \u0627\u0644\u0633\u0639\u0631\u064a \u0648\u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0645\u0639 \u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0627\u062a\u0633\u0627\u0639 \u0641\u0631\u0648\u0642 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0631\u0636 \u0648\u0627\u0644\u0637\u0644\u0628.<\/p>\n<p>\u0642\u062f \u062a\u0635\u0628\u062d \u0645\u0639\u0627\u064a\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0627\u0644\u062a\u064a \u062a\u0639\u062a\u0645\u062f \u0639\u0627\u062f\u0629\u064b \u0639\u0644\u0649 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629 \u0648\u0627\u0644\u0627\u0631\u062a\u0628\u0627\u0637\u0627\u062a\u060c \u0642\u062f\u064a\u0645\u0629 \u0628\u0633\u0631\u0639\u0629. \u0641\u0627\u0644\u0646\u0645\u0627\u0630\u062c \u0627\u0644\u062a\u064a \u0644\u0627 \u062a\u062a\u0643\u064a\u0641 \u0645\u0639 \u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u062c\u062f\u064a\u062f \u0642\u062f \u062a\u064f\u0642\u0644\u0644 \u0645\u0646 \u062a\u0642\u062f\u064a\u0631 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629 \u0623\u0648 \u062a\u064f\u0628\u0627\u0644\u063a \u0641\u064a \u0631\u062f \u0641\u0639\u0644\u0647\u0627 \u062a\u062c\u0627\u0647 \u062a\u062d\u0631\u0643\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0627\u0628\u0631\u0629. \u0648\u064a\u0646\u0637\u0628\u0642 \u0647\u0630\u0627 \u0628\u0634\u0643\u0644 \u062e\u0627\u0635 \u0639\u0644\u0649 \u0623\u0646\u0638\u0645\u0629 \u0627\u0644\u0632\u062e\u0645 \u0623\u0648 \u062a\u062a\u0628\u0639 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u060c \u062d\u064a\u062b \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u064f\u0624\u062f\u064a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0645\u0641\u0627\u062c\u0626\u0629 \u0625\u0644\u0649 \u0625\u0634\u0627\u0631\u0627\u062a \u062e\u0627\u0637\u0626\u0629 \u0623\u0648 \u062e\u0631\u0648\u062c \u0645\u0628\u0643\u0631 \u0645\u0646 \u0627\u0644\u0633\u0648\u0642.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risk_Management_Considerations_During_Volatility_Surges\"><\/span>\u0627\u0639\u062a\u0628\u0627\u0631\u0627\u062a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0623\u062b\u0646\u0627\u0621 \u0641\u062a\u0631\u0627\u062a \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u064a\u062a\u0639\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u064a\u0646 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0646\u0638\u0631 \u0641\u064a \u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0647\u0645 \u0639\u0646\u062f \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX. \u0642\u062f \u0644\u0627 \u062a\u0643\u0648\u0646 \u0642\u0648\u0627\u0639\u062f \u062a\u062d\u062f\u064a\u062f \u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u0641\u0639\u0627\u0644\u0629 \u0641\u064a \u0638\u0644 \u0638\u0631\u0648\u0641 \u0623\u0643\u062b\u0631 \u0627\u0633\u062a\u0642\u0631\u0627\u0631\u064b\u0627 \u0645\u0646\u0627\u0633\u0628\u0629 \u0627\u0644\u0622\u0646. \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0642\u062f \u062a\u062a\u0637\u0644\u0628 \u0623\u0647\u062f\u0627\u0641 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u062b\u0627\u0628\u062a\u0629 \u062a\u0639\u062f\u064a\u0644\u064b\u0627 \u0646\u0632\u0648\u0644\u064a\u064b\u0627 \u0644\u0645\u0646\u0639 \u062d\u062f\u0648\u062b \u0627\u0646\u062e\u0641\u0627\u0636\u0627\u062a \u0643\u0628\u064a\u0631\u0629. \u0648\u0628\u0627\u0644\u0645\u062b\u0644\u060c \u064a\u0646\u0628\u063a\u064a \u0627\u0644\u062a\u062f\u0642\u064a\u0642 \u0641\u064a \u0636\u0648\u0627\u0628\u0637 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u0648\u062d\u062f\u0648\u062f \u0648\u0642\u0641 \u0627\u0644\u062e\u0633\u0627\u0631\u0629 \u0644\u0636\u0645\u0627\u0646 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0641\u0639\u0627\u0644\u064a\u062a\u0647\u0627 \u0641\u064a \u0638\u0644 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062d\u0627\u062f\u0629.<\/p>\n<p>\u064a\u0633\u062a\u062d\u0642\u0651 \u0643\u0644\u064c\u0651 \u0645\u0646 \u0648\u062a\u064a\u0631\u0629 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0648\u0627\u0632\u0646 \u0648\u0628\u0631\u0648\u062a\u0648\u0643\u0648\u0644\u0627\u062a \u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0627\u0647\u062a\u0645\u0627\u0645\u064b\u0627 \u062e\u0627\u0635\u064b\u0627. \u0641\u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0642\u062f \u062a\u064f\u0636\u0627\u0639\u0641 \u062a\u0643\u0627\u0644\u064a\u0641 \u062a\u0623\u062b\u064a\u0631 \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0630\u0627 \u0641\u0625\u0646\u0651 \u062a\u0648\u0632\u064a\u0639 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0639\u0644\u0649 \u0641\u062a\u0631\u0627\u062a \u0632\u0645\u0646\u064a\u0629 \u0645\u062e\u062a\u0644\u0641\u0629 \u0623\u0648 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0623\u0648\u0627\u0645\u0631 \u0627\u0644\u062d\u062f\u0651 \u0642\u062f \u064a\u064f\u0633\u0627\u0639\u062f \u0641\u064a \u0627\u0644\u062d\u062f\u0651 \u0645\u0646 \u0627\u0644\u0627\u0646\u0632\u0644\u0627\u0642 \u0627\u0644\u0633\u0639\u0631\u064a. \u0648\u0645\u0646 \u0627\u0644\u0645\u0647\u0645\u0651 \u0623\u0646 \u064a\u0642\u0627\u0648\u0645 \u0645\u062f\u064a\u0631\u0648 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0625\u063a\u0631\u0627\u0621 \u0627\u0644\u062a\u062e\u0644\u064a \u0639\u0646 \u0627\u0644\u0627\u0646\u0636\u0628\u0627\u0637 \u0644\u0635\u0627\u0644\u062d \u0627\u062a\u062e\u0627\u0630 \u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0646\u0641\u0639\u0627\u0644\u064a\u0629 \u0645\u062f\u0641\u0648\u0639\u0629 \u0628\u0627\u0644\u0639\u0627\u0637\u0641\u0629\u060c \u0648\u0647\u0648 \u062e\u0637\u0623 \u0634\u0627\u0626\u0639 \u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0627\u062a \u0627\u0644\u0636\u063a\u0637.<\/p>\n<blockquote data-start=\"2288\" data-end=\"3117\">\n<h2 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"1hbm5h0\" data-start=\"2290\" data-end=\"2339\"><span class=\"ez-toc-section\" id=\"How_VIX_Spikes_Can_Change_Portfolio_Volatility\"><\/span>\u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u063a\u064a\u0631 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u061f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2344\" data-end=\"2559\">\u0644\u0627 \u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0623\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0645\u062d\u0627\u0641\u0638 \u0633\u062a\u062a\u0639\u0631\u0636 \u0644\u0644\u0645\u0633\u062a\u0648\u0649 \u0646\u0641\u0633\u0647 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631. \u0641\u0627\u0644\u062a\u0623\u062b\u064a\u0631 \u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0648\u062c\u0648\u062f\u0629 \u0641\u064a \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0648\u0627\u0644\u0627\u0631\u062a\u0628\u0627\u0637\u0627\u062a \u0628\u064a\u0646\u0647\u0627\u060c \u0648\u0623\u062d\u062c\u0627\u0645 \u0627\u0644\u0645\u0631\u0627\u0643\u0632\u060c \u0648\u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0629 \u0644\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u062a\u0639\u0631\u0636.<\/p>\n<p data-start=\"2564\" data-end=\"2853\">\u0644\u0630\u0644\u0643\u060c \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a \u0627\u0644\u062a\u0645\u064a\u064a\u0632 \u0628\u064a\u0646 \u062a\u0642\u0644\u0628 \u0627\u0644\u0633\u0648\u0642 \u0648\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062d\u0641\u0638\u0629. \u0641\u0642\u062f \u064a\u0624\u062f\u064a \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062d\u0627\u062f \u0641\u064a VIX \u0625\u0644\u0649 \u0632\u064a\u0627\u062f\u0629 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0641\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0643\u0646 \u062a\u0623\u062b\u064a\u0631\u0647 \u0627\u0644\u0641\u0639\u0644\u064a \u0639\u0644\u0649 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u064a\u0639\u062a\u0645\u062f \u0639\u0644\u0649 \u0637\u0631\u064a\u0642\u0629 \u0628\u0646\u0627\u0626\u0647\u0627 \u0648\u0643\u064a\u0641 \u062a\u0633\u062a\u062c\u064a\u0628 \u0642\u0648\u0627\u0639\u062f\u0647\u0627 \u0644\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0641\u064a \u0627\u0644\u0638\u0631\u0648\u0641.<\/p>\n<p data-start=\"2858\" data-end=\"3117\">\u0648\u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0627\u062a \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062a\u0642\u0644\u0628\u060c \u064a\u0645\u0643\u0646 \u0645\u0631\u0627\u062c\u0639\u0629 \u0645\u0624\u0634\u0631\u0627\u062a \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0645\u062b\u0644 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062d\u0642\u0642\u060c \u0648\u0627\u0644\u062a\u0631\u0627\u062c\u0639 (Drawdown)\u060c \u0648\u0627\u0644\u062a\u0631\u0643\u064a\u0632\u060c \u0648\u0627\u0644\u0627\u0631\u062a\u0628\u0627\u0637\u0627\u062a \u0628\u064a\u0646 \u0627\u0644\u0623\u0635\u0648\u0644\u060c \u0648\u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0623\u0643\u062b\u0631 \u062d\u0633\u0627\u0633\u064a\u0629. \u0648\u064a\u0639\u0637\u064a \u0630\u0644\u0643 \u0635\u0648\u0631\u0629 \u0623\u062f\u0642 \u0639\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0645\u0646 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 VIX \u0648\u062d\u062f\u0647.<\/p>\n<\/blockquote>\n<h3 data-section-id=\"1xdudep\" data-start=\"3119\" data-end=\"3137\"><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Behavioral_and_Structural_Market_Changes_Triggered_by_VIX_Spikes\"><\/span>\u0627\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0627\u0644\u0633\u0644\u0648\u0643\u064a\u0629 \u0648\u0627\u0644\u0647\u064a\u0643\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0646\u0627\u062c\u0645\u0629 \u0639\u0646 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0645\u0624\u0634\u0631 VIX<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u062a\u062a\u0632\u0627\u0645\u0646 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062d\u0627\u062f\u0629 \u0645\u0639 \u062a\u063a\u064a\u0631\u0627\u062a \u0641\u064a \u0628\u0646\u064a\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062f\u0642\u064a\u0642\u0629 \u0648\u0633\u0644\u0648\u0643 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646. \u0648\u0642\u062f \u062a\u062a\u0644\u0627\u0634\u0649 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0645\u0639 \u0627\u0646\u0633\u062d\u0627\u0628 \u0635\u0627\u0646\u0639\u064a \u0627\u0644\u0633\u0648\u0642\u060c \u0648\u0627\u0646\u062e\u0641\u0627\u0636 \u0639\u0645\u0642 \u062f\u0641\u062a\u0631 \u0627\u0644\u0623\u0648\u0627\u0645\u0631\u060c \u0645\u0645\u0627 \u064a\u064f\u0635\u0639\u0651\u0628 \u0639\u0644\u0649 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629 \u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0628\u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629. \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u064a\u0645\u064a\u0644 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0646\u0641\u0633\u064a\u0627\u064b \u0625\u0644\u0649 \u0627\u0644\u062e\u0648\u0641 \u0623\u0648 \u0627\u0644\u0630\u0639\u0631\u060c \u0645\u0645\u0627 \u0642\u062f \u064a\u064f\u0641\u0627\u0642\u0645 \u0627\u0636\u0637\u0631\u0627\u0628\u0627\u062a \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0648\u064a\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u062a\u0634\u0648\u064a\u0634 \u0641\u064a \u0627\u0644\u0625\u0634\u0627\u0631\u0627\u062a.<\/p>\n<p>\u0642\u062f \u062a\u0624\u062f\u064a \u0647\u0630\u0647 \u0627\u0644\u0638\u0631\u0648\u0641 \u0625\u0644\u0649 \u062a\u0634\u0648\u064a\u0647 \u0627\u0644\u0645\u062f\u062e\u0644\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0639\u062a\u0645\u062f \u0639\u0644\u064a\u0647\u0627 \u0627\u0644\u0646\u0645\u0627\u0630\u062c \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629\u060c \u0645\u062b\u0644 \u0632\u062e\u0645 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0623\u0648 \u062a\u0642\u062f\u064a\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a. \u0648\u064a\u064f\u0639\u062f\u0651 \u0625\u062f\u0631\u0627\u0643 \u0647\u0630\u0647 \u0627\u0644\u062a\u062d\u0648\u0644\u0627\u062a \u0627\u0644\u0647\u064a\u0643\u0644\u064a\u0629 \u0623\u0645\u0631\u0627\u064b \u0628\u0627\u0644\u063a \u0627\u0644\u0623\u0647\u0645\u064a\u0629 \u0644\u062a\u0639\u062f\u064a\u0644 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0648\u062a\u062c\u0646\u0628 \u0627\u0644\u062b\u0642\u0629 \u0627\u0644\u0645\u0641\u0631\u0637\u0629 \u0641\u064a \u0645\u062e\u0631\u062c\u0627\u062a \u0627\u0644\u0646\u0645\u0627\u0630\u062c \u0627\u0644\u062a\u064a \u0642\u062f \u0644\u0627 \u062a\u0639\u0643\u0633 \u0628\u064a\u0626\u0629 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629.<\/p>\n<blockquote data-start=\"4252\" data-end=\"5131\">\n<h2 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"1wml3zr\" data-start=\"4254\" data-end=\"4307\"><span class=\"ez-toc-section\" id=\"What_Predefined_Rules_Should_Do_During_a_VIX_Spike\"><\/span>\u0645\u0627\u0630\u0627 \u064a\u062c\u0628 \u0623\u0646 \u062a\u0641\u0639\u0644 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627 \u0623\u062b\u0646\u0627\u0621 \u0627\u0631\u062a\u0641\u0627\u0639 VIX\u061f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4312\" data-end=\"4587\">\u062a\u0645\u062b\u0644 \u0641\u062a\u0631\u0629 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062a\u0642\u0644\u0628 \u062a\u062d\u062f\u064a\u062f\u064b\u0627 \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0630\u064a \u062a\u0638\u0647\u0631 \u0641\u064a\u0647 \u0642\u064a\u0645\u0629 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u0648\u0636\u0648\u0639\u0629 \u0645\u0633\u0628\u0642\u064b\u0627. \u0641\u0628\u062f\u0644\u064b\u0627 \u0645\u0646 \u0627\u062a\u062e\u0627\u0630 \u0642\u0631\u0627\u0631 \u062c\u062f\u064a\u062f \u0641\u064a \u0643\u0644 \u0645\u0631\u0629 \u062d\u0648\u0644 \u062a\u0642\u0644\u064a\u0644 \u0627\u0644\u062a\u0639\u0631\u0636 \u0623\u0648 \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0623\u0648 \u0625\u0639\u0627\u062f\u0629 \u0645\u0648\u0627\u0632\u0646\u0629 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0623\u0648 \u0627\u0644\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0641\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u064a\u0633\u062a\u0637\u064a\u0639 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0639\u0644\u0649 \u0634\u0631\u0648\u0637 \u062a\u0645 \u062a\u062d\u062f\u064a\u062f\u0647\u0627 \u0642\u0628\u0644 \u062f\u062e\u0648\u0644 \u0627\u0644\u0633\u0648\u0642 \u0641\u064a \u062d\u0627\u0644\u0629 \u0636\u063a\u0637.<\/p>\n<p data-start=\"4592\" data-end=\"4848\">\u0648\u0628\u062d\u0633\u0628 \u0637\u0628\u064a\u0639\u0629 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629\u060c \u0642\u062f \u062a\u062d\u062f\u062f \u0647\u0630\u0647 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u062d\u062f \u0627\u0644\u0623\u0642\u0635\u0649 \u0644\u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0643\u0632\u060c \u0648\u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u062a\u064a \u062a\u0633\u062a\u062f\u0639\u064a \u0627\u0644\u0645\u0631\u0627\u062c\u0639\u0629\u060c \u0648\u062d\u062f\u0648\u062f \u0627\u0644\u062a\u0631\u0627\u062c\u0639\u060c \u0648\u0627\u0644\u0631\u0627\u0641\u0639\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0634\u0631\u0648\u0637 \u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u0645\u0648\u0627\u0632\u0646\u0629\u060c \u0623\u0648 \u0627\u0644\u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0627\u0644\u0645\u0637\u0644\u0648\u0628\u0629 \u0639\u0646\u062f \u062a\u062c\u0627\u0648\u0632 \u0627\u0644\u062a\u0642\u0644\u0628 \u0646\u0637\u0627\u0642\u064b\u0627 \u0645\u062d\u062f\u062f\u064b\u0627.<\/p>\n<p data-start=\"4853\" data-end=\"5131\">\u0648\u0644\u0627 \u062a\u0647\u062f\u0641 \u0647\u0630\u0647 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0625\u0644\u0649 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0645\u062f\u0629 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0631\u062a\u0641\u0627\u0639 VIX\u060c \u0648\u0625\u0646\u0645\u0627 \u0625\u0644\u0649 \u0625\u0646\u0634\u0627\u0621 \u0639\u0645\u0644\u064a\u0629 \u062b\u0627\u0628\u062a\u0629 \u0644\u0627\u062a\u062e\u0627\u0630 \u0627\u0644\u0642\u0631\u0627\u0631 \u0639\u0646\u062f\u0645\u0627 \u064a\u0643\u0648\u0646 \u0645\u0633\u062a\u0648\u0649 \u0639\u062f\u0645 \u0627\u0644\u064a\u0642\u064a\u0646 \u0645\u0631\u062a\u0641\u0639\u064b\u0627. \u0644\u0630\u0644\u0643\u060c \u064a\u062c\u0628 \u0623\u0646 \u064a\u0633\u062a\u0646\u062f \u0623\u064a \u062a\u0639\u062f\u064a\u0644 \u0625\u0644\u0649 \u0625\u0637\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0627\u0644\u0645\u062d\u062f\u062f \u0645\u0633\u0628\u0642\u064b\u0627\u060c \u0648\u0644\u064a\u0633 \u0625\u0644\u0649 \u0631\u0642\u0645 VIX \u0648\u062d\u062f\u0647.<\/p>\n<\/blockquote>\n<h3 data-section-id=\"1xdudep\" data-start=\"5133\" data-end=\"5151\"><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Common_Mistakes_and_Misconceptions_Systematic_Investors_Make_During_VIX_Spikes\"><\/span>\u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0648\u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u0627\u0644\u062a\u064a \u064a\u0642\u0639 \u0641\u064a\u0647\u0627 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0648\u0646 \u0623\u062b\u0646\u0627\u0621 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0645\u0624\u0634\u0631 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 (VIX).<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0645\u0646 \u0627\u0644\u0623\u062e\u0637\u0627\u0621 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u0627\u0644\u0645\u0628\u0627\u0644\u063a\u0629 \u0641\u064a \u0631\u062f \u0627\u0644\u0641\u0639\u0644 \u062a\u062c\u0627\u0647 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0628\u062d\u062f \u0630\u0627\u062a\u0647\u060c \u0648\u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639\u0647 \u0643\u062a\u063a\u064a\u064a\u0631 \u062f\u0627\u0626\u0645 \u0641\u064a \u0627\u0644\u0646\u0638\u0627\u0645 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0643\u0648\u0646\u0647 \u0635\u062f\u0645\u0629 \u0639\u0627\u0628\u0631\u0629. \u0642\u062f \u064a\u0624\u062f\u064a \u0647\u0630\u0627 \u0625\u0644\u0649 \u062a\u0639\u062f\u064a\u0644\u0627\u062a \u063a\u064a\u0631 \u0636\u0631\u0648\u0631\u064a\u0629 \u0641\u064a \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0623\u0648 \u062a\u0642\u0644\u064a\u0644 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0642\u0628\u0644 \u0627\u0644\u0623\u0648\u0627\u0646\u060c \u0645\u0645\u0627 \u064a\u064f\u0636\u062d\u064a \u0628\u0627\u0644\u0645\u0643\u0627\u0633\u0628 \u0637\u0648\u064a\u0644\u0629 \u0627\u0644\u0623\u062c\u0644. \u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u064a\u064f\u0642\u0644\u0644 \u0628\u0639\u0636 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0645\u0646 \u0634\u0623\u0646 \u062a\u0623\u062b\u064a\u0631 \u0647\u0630\u0627 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639\u060c \u0641\u064a\u0641\u0634\u0644\u0648\u0646 \u0641\u064a \u062a\u0639\u062f\u064a\u0644 \u0636\u0648\u0627\u0628\u0637 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0645\u0645\u0627 \u064a\u064f\u0639\u0631\u0651\u0636 \u0645\u062d\u0627\u0641\u0638\u0647\u0645 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0644\u062e\u0633\u0627\u0626\u0631 \u0641\u0627\u062f\u062d\u0629.<\/p>\n<p>\u0645\u0646 \u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0627\u0644\u0623\u062e\u0631\u0649 \u0627\u0641\u062a\u0631\u0627\u0636 \u0623\u0646 \u062c\u0645\u064a\u0639 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0645\u062a\u0634\u0627\u0628\u0647\u0629. \u0641\u0627\u0644\u0633\u064a\u0627\u0642 \u0645\u0647\u0645\u060c \u0633\u0648\u0627\u0621 \u0643\u0627\u0646 \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639 \u0646\u0627\u062a\u062c\u064b\u0627 \u0639\u0646 \u0635\u062f\u0645\u0627\u062a \u0623\u0633\u0627\u0633\u064a\u0629\u060c \u0623\u0648 \u0639\u0648\u0627\u0645\u0644 \u0641\u0646\u064a\u0629\u060c \u0623\u0648 \u0623\u0632\u0645\u0627\u062a \u0633\u064a\u0648\u0644\u0629\u060c \u0648\u0647\u0630\u0627 \u064a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0643\u064a\u0641\u064a\u0629 \u0627\u0633\u062a\u062c\u0627\u0628\u0629 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629. \u0643\u0645\u0627 \u064a\u064f\u0639\u062f \u0625\u0647\u0645\u0627\u0644 \u0627\u062e\u062a\u0628\u0627\u0631 \u0645\u062a\u0627\u0646\u0629 \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0641\u064a \u0638\u0644 \u0633\u064a\u0646\u0627\u0631\u064a\u0648\u0647\u0627\u062a \u0627\u0644\u0636\u063a\u0637 \u062e\u0637\u0623\u064b \u0634\u0627\u0626\u0639\u064b\u0627\u060c \u0645\u0645\u0627 \u064a\u062c\u0639\u0644 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0639\u0631\u0636\u0629 \u0644\u0644\u062e\u0637\u0631 \u0639\u0646\u062f \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a.<\/p>\n<p>\u0627\u0644\u0623\u0641\u0636\u0644 \u0647\u0648 \u0627\u0644\u0641\u0635\u0644 \u0628\u064a\u0646 \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0648\u0627\u062a\u062e\u0627\u0630 \u0627\u0644\u0642\u0631\u0627\u0631. \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0645\u062a\u0627\u0628\u0639\u0629 VIX \u0648\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0647\u060c \u0644\u0643\u0646 \u0642\u0631\u0627\u0631 \u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u062a\u0639\u0631\u0636 \u0641\u064a \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u064a\u062c\u0628 \u0623\u0646 \u064a\u0633\u062a\u0646\u062f \u0625\u0644\u0649 \u0645\u0639\u0627\u064a\u064a\u0631 \u0645\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627. \u0648\u064a\u0633\u0627\u0639\u062f \u0630\u0644\u0643 \u0639\u0644\u0649 \u062a\u062c\u0646\u0628 \u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639 \u0642\u0631\u0627\u0621\u0629 \u0648\u0627\u062d\u062f\u0629 \u0644\u0644\u062a\u0642\u0644\u0628 \u0628\u0627\u0639\u062a\u0628\u0627\u0631\u0647\u0627 \u062a\u0641\u0633\u064a\u0631\u064b\u0627 \u0643\u0627\u0645\u0644\u064b\u0627 \u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Realistic_Investor_Scenario_Navigating_a_VIX_Spike_in_a_Rule-Based_Equity_Strategy\"><\/span>\u0633\u064a\u0646\u0627\u0631\u064a\u0648 \u0648\u0627\u0642\u0639\u064a \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631: \u0627\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX \u0641\u064a \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629 \u0623\u0633\u0647\u0645 \u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0642\u0648\u0627\u0639\u062f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u0644\u0646\u0641\u062a\u0631\u0636 \u0648\u062c\u0648\u062f \u0635\u0646\u062f\u0648\u0642 \u0623\u0633\u0647\u0645 \u0645\u0646\u062a\u0638\u0645 \u064a\u062a\u0628\u0639 \u0625\u0634\u0627\u0631\u0629 \u0632\u062e\u0645 \u0645\u0639 \u062a\u0639\u062f\u064a\u0644 \u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0627\u0643\u0632 \u0648\u0641\u0642\u064b\u0627 \u0644\u0644\u062a\u0642\u0644\u0628\u0627\u062a. \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX \u0628\u0634\u0643\u0644 \u0645\u0641\u0627\u062c\u0626\u060c \u064a\u0634\u064a\u0631 \u0646\u0645\u0648\u0630\u062c \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u0625\u0644\u0649 \u0632\u064a\u0627\u062f\u0629 \u062d\u0627\u062f\u0629 \u0641\u064a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629. \u064a\u0648\u0627\u062c\u0647 \u0645\u062f\u064a\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0645\u0639\u0636\u0644\u0629: \u0647\u0644 \u064a\u064f\u0642\u0644\u0644 \u0627\u0644\u062a\u0639\u0631\u0636 \u0641\u0648\u0631\u064b\u0627 \u0644\u0644\u0635\u0646\u062f\u0648\u0642 \u0644\u0644\u062d\u0645\u0627\u064a\u0629 \u0645\u0646 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636\u0627\u062a \u0627\u0644\u062d\u0627\u062f\u0629\u060c \u0623\u0645 \u064a\u064f\u0628\u0642\u064a \u0639\u0644\u0649 \u062a\u0648\u0632\u064a\u0639\u0627\u062a \u0627\u0644\u0623\u0635\u0648\u0644 \u0644\u062a\u062c\u0646\u0628 \u062a\u0641\u0648\u064a\u062a \u0623\u064a \u0627\u0646\u062a\u0639\u0627\u0634 \u0645\u062d\u062a\u0645\u0644\u061f<\/p>\n<p>\u0641\u064a \u0627\u0644\u0628\u062f\u0627\u064a\u0629\u060c \u064a\u062a\u0631\u062f\u062f \u0627\u0644\u0645\u062f\u064a\u0631\u060c \u0645\u0633\u062a\u0630\u0643\u0631\u0627\u064b \u0641\u062a\u0631\u0627\u062a \u0633\u0627\u0628\u0642\u0629 \u0643\u0627\u0646\u062a \u0641\u064a\u0647\u0627 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0645\u0639 \u0646\u0636\u0648\u0628 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u060c \u064a\u064f\u0642\u0644\u0651\u0635 \u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u062a\u062f\u0631\u064a\u062c\u064a\u0627\u064b \u0645\u0631\u0627\u0643\u0632\u0647\u060c \u0648\u064a\u064f\u0634\u062f\u062f \u062d\u062f\u0648\u062f \u0648\u0642\u0641 \u0627\u0644\u062e\u0633\u0627\u0631\u0629\u060c \u0648\u064a\u0632\u064a\u062f \u0645\u0646 \u0627\u062d\u062a\u064a\u0627\u0637\u064a\u0627\u062a\u0647 \u0627\u0644\u0646\u0642\u062f\u064a\u0629. \u0647\u0630\u0647 \u0627\u0644\u0627\u0633\u062a\u062c\u0627\u0628\u0629 \u0627\u0644\u0645\u062f\u0631\u0648\u0633\u0629 \u062a\u064f\u0648\u0627\u0632\u0646 \u0628\u064a\u0646 \u0645\u062e\u0627\u0637\u0631 \u0631\u062f \u0627\u0644\u0641\u0639\u0644 \u0627\u0644\u0645\u0628\u0627\u0644\u063a \u0641\u064a\u0647 \u0648\u0636\u0631\u0648\u0631\u0629 \u062d\u0645\u0627\u064a\u0629 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644.<\/p>\n<p>\u064a\u0643\u0634\u0641 \u0627\u0644\u062a\u0641\u0643\u064a\u0631 \u0627\u0644\u0644\u0627\u062d\u0642 \u0639\u0646 \u0644\u062d\u0638\u0629 \u062a\u0631\u062f\u062f\u061b 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\u0627\u0644\u0633\u0648\u0642 (VIX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li class=\"translation-block\">\u0631\u0627\u0642\u0628 \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0639\u0646 \u0643\u062b\u0628: \u0644\u0627 \u062a\u0643\u062a\u0641 \u0628\u062a\u062a\u0628\u0639 \u0645\u0633\u062a\u0648\u0649 \u0645\u0624\u0634\u0631 VIX \u0641\u062d\u0633\u0628\u060c \u0628\u0644 \u062a\u062a\u0628\u0639 \u0623\u064a\u0636\u064b\u0627 \u0627\u0644\u0645\u0642\u0627\u064a\u064a\u0633 \u0630\u0627\u062a \u0627\u0644\u0635\u0644\u0629 \u0645\u062b\u0644 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0641\u0631\u0648\u0642 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0639\u0631\u0636 \u0648\u0627\u0644\u0637\u0644\u0628.<\/li>\n<li class=\"translation-block\">\u0642\u0645 \u0628\u062a\u0643\u064a\u064a\u0641 \u0645\u0639\u0627\u064a\u064a\u0631 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0628\u0634\u0643\u0644 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class=\"translation-block\">\u0627\u062e\u062a\u0628\u0627\u0631 \u0645\u062a\u0627\u0646\u0629 \u0627\u0644\u0646\u0645\u0648\u0630\u062c: \u062a\u0623\u0643\u062f \u0645\u0646 \u0627\u062e\u062a\u0628\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u062a\u062d\u062a \u0636\u063a\u0637 \u0627\u0644\u0635\u062f\u0645\u0627\u062a \u0627\u0644\u0645\u0641\u0627\u062c\u0626\u0629 \u0641\u064a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a.<\/li>\n<li class=\"translation-block\">\u0627\u0646\u062a\u0628\u0647 \u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0647\u064a\u0643\u0644 \u0627\u0644\u0633\u0648\u0642: \u0627\u0644\u062a\u0639\u0631\u0641 \u0639\u0644\u0649 \u0645\u062a\u0649 \u0642\u062f \u062a\u0639\u064a\u0642 \u0642\u064a\u0648\u062f \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0648\u0627\u0644\u062a\u0639\u062f\u064a\u0644 \u0648\u0641\u0642\u064b\u0627 \u0644\u0630\u0644\u0643.<\/li>\n<\/ul>\n<p>\u0647\u0644 \u062a\u062a\u0633\u0627\u0621\u0644 \u0643\u064a\u0641 \u062a\u062a\u062c\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0645\u0628\u0627\u062f\u0626 \u0641\u064a \u0627\u0644\u0645\u062d\u0627\u0641\u0638 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629 \u0627\u0644\u062d\u0642\u064a\u0642\u064a\u0629\u061f \u0625\u0646 \u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0646\u0647\u062c\u064a\u0629 \u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u062d\u0627\u062f\u0629 \u0627\u0644\u0633\u0627\u0628\u0642\u0629 \u062a\u0643\u0634\u0641 \u0639\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0627\u0633\u062a\u062c\u0627\u0628\u0627\u062a\u060c \u0645\u0645\u0627 \u064a\u0633\u0644\u0637 \u0627\u0644\u0636\u0648\u0621 \u0639\u0644\u0649 \u0623\u0647\u0645\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0648\u0627\u0644\u0645\u0631\u0648\u0646\u0629.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Integrating_Volatility_Spike_Awareness_into_Systematic_Investment_Discipline\"><\/span>\u062f\u0645\u062c \u0627\u0644\u0648\u0639\u064a \u0628\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062d\u0627\u062f\u0629 \u0641\u064a \u0645\u0646\u0647\u062c\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u062a\u0638\u0645<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u064a\u0632\u062f\u0647\u0631 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a \u0628\u0627\u0644\u0627\u0633\u062a\u0645\u0631\u0627\u0631\u064a\u0629\u060c \u0625\u0644\u0627 \u0623\u0646 \u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062d\u0627\u062f\u0629 \u062a\u064f\u0647\u062f\u062f \u0647\u0630\u0647 \u0627\u0644\u0627\u0633\u062a\u0645\u0631\u0627\u0631\u064a\u0629. \u064a\u0643\u0645\u0646 \u0627\u0644\u062d\u0644 \u0641\u064a \u062f\u0645\u062c \u0627\u0644\u0648\u0639\u064a \u0628\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0636\u0645\u0646 \u0645\u0646\u0647\u062c\u064a\u0629 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u060c \u0644\u064a\u0633 \u0643\u0623\u0645\u0631 \u062b\u0627\u0646\u0648\u064a\u060c \u0628\u0644 \u0643\u0639\u0646\u0635\u0631 \u0623\u0633\u0627\u0633\u064a \u0641\u064a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631. \u064a\u0633\u0627\u0639\u062f \u0627\u0644\u0631\u0635\u062f \u0627\u0644\u0627\u0633\u062a\u0628\u0627\u0642\u064a \u0648\u0627\u0644\u0636\u0648\u0627\u0628\u0637 \u0627\u0644\u062a\u0643\u064a\u0641\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0645\u0631\u0648\u0646\u0629 \u062f\u0648\u0646 \u0627\u0644\u0627\u0633\u062a\u0633\u0644\u0627\u0645 \u0644\u0644\u0630\u0639\u0631 \u0623\u0648 \u0627\u0644\u0634\u0644\u0644.<\/p>\n<blockquote data-start=\"7245\" data-end=\"8228\">\n<h2 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"4zy9ij\" data-start=\"7247\" data-end=\"7303\"><span class=\"ez-toc-section\" id=\"Reviewing_a_VIX_Spike_Within_a_Broader_Risk_Framework\"><\/span>\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0636\u0645\u0646 \u0625\u0637\u0627\u0631 \u0645\u062a\u0643\u0627\u0645\u0644 \u0644\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"7308\" data-end=\"7629\">\u064a\u062c\u0628 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0643\u062c\u0632\u0621 \u0645\u0646 \u0639\u0645\u0644\u064a\u0629 \u0623\u0648\u0633\u0639 \u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0648\u0644\u064a\u0633 \u0643\u0625\u0634\u0627\u0631\u0629 \u0645\u0633\u062a\u0642\u0644\u0629 \u0644\u0644\u0634\u0631\u0627\u0621 \u0623\u0648 \u0627\u0644\u0628\u064a\u0639. \u0648\u064a\u0645\u0643\u0646 \u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628 \u0623\u0646 \u062a\u0633\u0627\u0639\u062f \u0641\u064a \u062a\u0641\u0633\u064a\u0631 \u0628\u064a\u0626\u0629 \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0643\u0646\u0647\u0627 \u064a\u0646\u0628\u063a\u064a \u0623\u0646 \u062a\u064f\u0642\u064a\u0651\u0645 \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u062d\u062c\u0645 \u0627\u0644\u0645\u0631\u0627\u0643\u0632\u060c \u0648\u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a \u0644\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0648\u062d\u062f\u0648\u062f \u0627\u0644\u062a\u0631\u0627\u062c\u0639\u060c \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u062e\u0631\u0648\u062c \u0623\u0648 \u062e\u0641\u0636 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627.<\/p>\n<p data-start=\"7634\" data-end=\"7944\">\u0648\u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u0648\u0641\u0631 \u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a\u0629 \u0633\u064a\u0627\u0642\u064b\u0627 \u0645\u0641\u064a\u062f\u064b\u0627\u060c \u0644\u0643\u0646 \u0644\u0627 \u064a\u0646\u0628\u063a\u064a \u0627\u0639\u062a\u0628\u0627\u0631\u0647\u0627 \u062f\u0644\u064a\u0644\u064b\u0627 \u0639\u0644\u0649 \u0623\u0646 \u0627\u0644\u0646\u0645\u0637 \u0627\u0644\u0633\u0648\u0642\u064a \u0646\u0641\u0633\u0647 \u0633\u064a\u062a\u0643\u0631\u0631. \u0648\u0627\u0644\u0633\u0624\u0627\u0644 \u0627\u0644\u0639\u0645\u0644\u064a \u0647\u0648 \u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0628\u064a\u0626\u0629 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0642\u062f \u063a\u064a\u0631\u062a \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u0627\u062a \u0623\u0648 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0623\u0648 \u0638\u0631\u0648\u0641 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u062a\u064a \u062a\u0639\u0645\u0644 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0641\u064a \u0625\u0637\u0627\u0631\u0647\u0627.<\/p>\n<p data-start=\"7949\" data-end=\"8228\">\u0648\u062a\u0633\u0627\u0639\u062f \u0627\u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0644\u0645\u0646\u0638\u0645\u0629 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0639\u0644\u0649 \u062a\u062d\u062f\u064a\u062f \u0645\u0627 \u0627\u0644\u0630\u064a \u062a\u063a\u064a\u0631\u060c \u0648\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u0627 \u062a\u0632\u0627\u0644 \u0645\u0646\u0627\u0633\u0628\u0629\u060c \u0648\u0645\u0627 \u0625\u0630\u0627 \u0643\u0627\u0646 \u064a\u0646\u0628\u063a\u064a \u062a\u0641\u0639\u064a\u0644 \u0623\u064a \u0645\u0646 \u0636\u0648\u0627\u0628\u0637 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627. \u0648\u0628\u0647\u0630\u0647 \u0627\u0644\u0637\u0631\u064a\u0642\u0629 \u064a\u0638\u0644 \u0627\u0644\u062a\u0631\u0643\u064a\u0632 \u0639\u0644\u0649 \u0625\u062f\u0627\u0631\u0629 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0628\u062f\u0644\u064b\u0627 \u0645\u0646 \u0645\u062d\u0627\u0648\u0644\u0629 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u0644\u062d\u0631\u0643\u0629 \u0627\u0644\u062a\u0627\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642.<\/p>\n<\/blockquote>\n<blockquote data-start=\"9230\" data-end=\"10791\">\n<h2 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"7ew1nk\" data-start=\"9232\" data-end=\"9303\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_About_VIX_Spikes_and_Systematic_Investing\"><\/span>\u0627\u0644\u0623\u0633\u0626\u0644\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u062d\u0648\u0644 \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0648\u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-section-id=\"e9ym11\" data-start=\"9308\" data-end=\"9365\"><span class=\"ez-toc-section\" id=\"What_does_a_VIX_spike_mean_for_a_systematic_investor\"><\/span>\u0645\u0627\u0630\u0627 \u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a\u061f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"9370\" data-end=\"9609\">\u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0632\u064a\u0627\u062f\u0629 \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0642\u0635\u064a\u0631 \u0641\u064a \u0645\u0624\u0634\u0631 S&amp;P 500. \u0648\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a\u060c \u0642\u062f \u064a\u0643\u0648\u0646 \u0630\u0644\u0643 \u0633\u0628\u0628\u064b\u0627 \u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0648\u0623\u062d\u062c\u0627\u0645 \u0627\u0644\u0645\u0631\u0627\u0643\u0632\u060c \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0629 \u0644\u0644\u062a\u0639\u0627\u0645\u0644 \u0645\u0639 \u062a\u063a\u064a\u0631 \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642.<\/p>\n<h3 data-section-id=\"13xyecv\" data-start=\"9614\" data-end=\"9666\"><span class=\"ez-toc-section\" id=\"Does_a_high_VIX_mean_the_stock_market_will_fall\"><\/span>\u0647\u0644 \u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0623\u0646 \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645 \u0633\u064a\u0646\u062e\u0641\u0636\u061f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"9671\" data-end=\"9802\">\u0644\u0627. \u064a\u0642\u064a\u0633 VIX \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0648\u0644\u064a\u0633 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0633\u0648\u0642. \u0648\u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0631\u062a\u0641\u0639 \u0627\u0644\u0645\u0624\u0634\u0631 \u062e\u0644\u0627\u0644 \u062a\u062d\u0631\u0643\u0627\u062a \u062d\u0627\u062f\u0629 \u0641\u064a \u0623\u064a \u0645\u0646 \u0627\u0644\u0627\u062a\u062c\u0627\u0647\u064a\u0646.<\/p>\n<h3 data-section-id=\"1gr08h1\" data-start=\"9807\" data-end=\"9859\"><span class=\"ez-toc-section\" id=\"Should_I_change_my_portfolio_when_the_VIX_rises\"><\/span>\u0647\u0644 \u064a\u062c\u0628 \u062a\u063a\u064a\u064a\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0639\u0646\u062f \u0627\u0631\u062a\u0641\u0627\u0639 VIX\u061f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"9864\" data-end=\"10033\">\u0644\u064a\u0633 \u062a\u0644\u0642\u0627\u0626\u064a\u064b\u0627. \u064a\u062c\u0628 \u0623\u0646 \u064a\u0633\u062a\u0646\u062f \u0623\u064a \u062a\u063a\u064a\u064a\u0631 \u0641\u064a \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u062a\u0639\u0631\u0636 \u0625\u0644\u0649 \u0625\u0637\u0627\u0631 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u062f\u062f \u0644\u0644\u0645\u062d\u0641\u0638\u0629\u060c \u0648\u0623\u0647\u062f\u0627\u0641\u0647\u0627\u060c \u0648\u062d\u062c\u0645 \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u062d\u0627\u0644\u064a\u060c \u0648\u0644\u064a\u0633 \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 VIX \u0648\u062d\u062f\u0647.<\/p>\n<h3 data-section-id=\"55es08\" data-start=\"10038\" data-end=\"10094\"><span class=\"ez-toc-section\" id=\"How_can_systematic_investors_prepare_for_VIX_spikes\"><\/span>\u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0646\u0638\u0627\u0645\u064a \u0627\u0644\u0627\u0633\u062a\u0639\u062f\u0627\u062f \u0644\u0627\u0631\u062a\u0641\u0627\u0639 VIX\u061f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"10099\" data-end=\"10271\">\u064a\u0645\u0643\u0646 \u062a\u062d\u062f\u064a\u062f \u062d\u062f\u0648\u062f \u0645\u0633\u0628\u0642\u0629 \u0644\u0644\u062a\u0642\u0644\u0628\u060c \u0648\u062d\u062f\u0648\u062f \u0644\u0623\u062d\u062c\u0627\u0645 \u0627\u0644\u0645\u0631\u0627\u0643\u0632\u060c \u0648\u0636\u0648\u0627\u0628\u0637 \u0644\u0644\u062a\u0631\u0627\u062c\u0639\u060c \u0648\u0641\u062d\u0648\u0635\u0627\u062a \u0644\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0648\u0627\u0636\u062d\u0629 \u0644\u0645\u0631\u0627\u062c\u0639\u0629 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u0642\u0628\u0644 \u062d\u062f\u0648\u062b \u0641\u062a\u0631\u0627\u062a \u0627\u0644\u0636\u063a\u0637 \u0641\u064a \u0627\u0644\u0633\u0648\u0642.<\/p>\n<h3 data-section-id=\"ikj3wa\" data-start=\"10276\" data-end=\"10325\"><span class=\"ez-toc-section\" id=\"Is_the_VIX_enough_to_evaluate_portfolio_risk\"><\/span>\u0647\u0644 \u064a\u0643\u0641\u064a VIX \u0644\u062a\u0642\u064a\u064a\u0645 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629\u061f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"10330\" data-end=\"10529\">\u0644\u0627. \u064a\u0645\u062b\u0644 VIX \u0623\u062d\u062f \u0645\u0624\u0634\u0631\u0627\u062a \u0645\u0633\u062a\u0648\u0649 \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0643\u0646 \u062a\u0642\u064a\u064a\u0645 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062d\u0641\u0638\u0629 \u064a\u062d\u062a\u0627\u062c \u0623\u064a\u0636\u064b\u0627 \u0625\u0644\u0649 \u0627\u0644\u0646\u0638\u0631 \u0641\u064a \u0627\u0644\u062a\u0642\u0644\u0628 \u0627\u0644\u0645\u062d\u0642\u0642\u060c \u0648\u0627\u0644\u062a\u0631\u0627\u062c\u0639\u060c \u0648\u0627\u0644\u0627\u0631\u062a\u0628\u0627\u0637\u0627\u062a\u060c \u0648\u0627\u0644\u062a\u0631\u0643\u064a\u0632\u060c \u0648\u0627\u0644\u0633\u064a\u0648\u0644\u0629\u060c \u0648\u062d\u062c\u0645 \u0627\u0644\u062a\u0639\u0631\u0636 \u0644\u0644\u0645\u0631\u0627\u0643\u0632.<\/p>\n<h3 data-section-id=\"18altkb\" data-start=\"10534\" data-end=\"10579\"><span class=\"ez-toc-section\" id=\"Can_VIX_spikes_create_execution_problems\"><\/span>\u0647\u0644 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0624\u062f\u064a \u0627\u0631\u062a\u0641\u0627\u0639 VIX \u0625\u0644\u0649 \u0645\u0634\u0643\u0644\u0627\u062a \u0641\u064a \u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0635\u0641\u0642\u0627\u062a\u061f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"10584\" data-end=\"10791\">\u0646\u0639\u0645. \u0642\u062f \u062a\u062a\u0632\u0627\u0645\u0646 \u0627\u0631\u062a\u0641\u0627\u0639\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628 \u0645\u0639 \u0627\u062a\u0633\u0627\u0639 \u0641\u0631\u0648\u0642 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0634\u0631\u0627\u0621 \u0648\u0627\u0644\u0628\u064a\u0639 \u0648\u0627\u0646\u062e\u0641\u0627\u0636 \u0639\u0645\u0642 \u0627\u0644\u0633\u0648\u0642 \u0648\u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0627\u0646\u0632\u0644\u0627\u0642 \u0627\u0644\u0633\u0639\u0631\u064a. \u0648\u0642\u062f \u064a\u0624\u062f\u064a \u0630\u0644\u0643 \u0625\u0644\u0649 \u0627\u062e\u062a\u0644\u0627\u0641 \u062a\u0643\u0627\u0644\u064a\u0641 \u0627\u0644\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0641\u0639\u0644\u064a\u0629 \u0639\u0646 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0636\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u062e\u062f\u0645\u0629 \u0639\u0646\u062f \u0627\u062e\u062a\u0628\u0627\u0631 \u0627\u0644\u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0629.<\/p>\n<\/blockquote>\n<h3 data-section-id=\"1xdudep\" data-start=\"10793\" data-end=\"10811\"><\/h3>\n<p class=\"translation-block\">\u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0645\u064a\u0644\u0648\u0646 \u0625\u0644\u0649 \u0627\u062a\u0628\u0627\u0639 \u0645\u0646\u0627\u0647\u062c \u0642\u0627\u0626\u0645\u0629 \u0639\u0644\u0649 \u0627\u0644\u0642\u0648\u0627\u0639\u062f \u0644\u062a\u062c\u0646\u0628 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0639\u0627\u0637\u0641\u064a\u0629\u060c \u0641\u0625\u0646 \u0647\u0630\u0647 \u0627\u0644\u062f\u0631\u0648\u0633 \u0630\u0627\u062a \u0623\u0647\u0645\u064a\u0629 \u062e\u0627\u0635\u0629. \u062a\u064f\u0628\u064a\u0651\u0646 \u0623\u0646\u0638\u0645\u0629 \u0645\u062b\u0644 \u062a\u0644\u0643 \u0627\u0644\u062a\u064a \u062a\u0642\u062f\u0645\u0647\u0627 \u0634\u0631\u0643\u0629 Algo \u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0644\u0623\u0637\u0631 \u0627\u0644\u0639\u0645\u0644 \u0627\u0644\u0645\u064f\u062d\u062f\u062f\u0629 \u0645\u0633\u0628\u0642\u064b\u0627 \u0648\u0627\u0644\u0645\u064f\u062f\u0631\u0643\u0629 \u0644\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0623\u0646 \u062a\u064f\u062f\u064a\u0631 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0636\u0637\u0631\u0628\u0629 \u0628\u0627\u0633\u062a\u062c\u0627\u0628\u0627\u062a \u0645\u062f\u0631\u0648\u0633\u0629 \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0627\u0644\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0627\u0646\u0641\u0639\u0627\u0644\u064a\u0629. \u0627\u0633\u062a\u0643\u0634\u0641 \u0645\u062d\u0627\u0641\u0638 \u0627\u0644\u062e\u0648\u0627\u0631\u0632\u0645\u064a\u0627\u062a \u0644\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 \u0645\u062b\u0627\u0644 \u0644\u0643\u064a\u0641\u064a\u0629 \u062f\u0645\u062c \u0647\u0630\u0647 \u0627\u0644\u0645\u0628\u0627\u062f\u0626 \u0628\u0634\u0643\u0644 \u0645\u062f\u0631\u0648\u0633 \u0641\u064a \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a.<\/p>","protected":false},"excerpt":{"rendered":"<p>\u062a\u0639\u0631\u0641 \u0643\u064a\u0641 \u064a\u0641\u0633\u0631 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX \u0648\u062a\u0642\u0644\u0628\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u062f\u0648\u0646 \u0642\u0631\u0627\u0631\u0627\u062a \u0639\u0627\u0637\u0641\u064a\u0629 \u0645\u062a\u0633\u0631\u0639\u0629. \u0645\u0639 \u0631\u0628\u0637 \u0645\u0628\u0627\u0634\u0631 \u0628\u0645\u0648\u0636\u0648\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0624\u0634\u0631 VIX \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u0645\u0646\u0647\u062c\u064a \u0648\u0642\u0631\u0627\u0631\u0627\u062a \u0623\u0643\u062b\u0631 \u0627\u0646\u0636\u0628\u0627\u0637\u0627 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631.<\/p>","protected":false},"author":1,"featured_media":15774,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111],"tags":[118,117],"class_list":["post-15773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algorithmic-trading","tag-investment-discipline","tag-systematic-investing"],"_links":{"self":[{"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/posts\/15773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/comments?post=15773"}],"version-history":[{"count":0,"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/posts\/15773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/media\/15774"}],"wp:attachment":[{"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/media?parent=15773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/categories?post=15773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/algo0.com\/ar\/wp-json\/wp\/v2\/tags?post=15773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}