Is VIX a Contrarian Indicator? On the Positivity of the Conditional Sharpe Ratio <sup>†</sup>

The notion of compensation for systematic risk is well ingrained in finance and constitutes the basis for numerous empirical tests. The concept an increase in systematic risk is accompanied by an increase in the required risk premium has strong intuitive content: The more risk there is to be borne,...

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Bibliographic Details
Main Authors: Ehud I. Ronn, Liying Xu
Format: Article
Language:English
Published: MDPI AG 2025-04-01
Series:Econometrics
Subjects:
Online Access:https://www.mdpi.com/2225-1146/13/2/18
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