VOLATILITAS PASAR KEUANGAN: TANTANGAN DAN PELUANG BAGI INVESTOR
DOI:
https://doi.org/10.17977/um066v4i122024p4Keywords:
Volatilitas Pasar, Indeks VIX, Alokasi Saham, Risiko Investasi, Manajemen Portofolio, Market Volatility, VIX Index, Equity Allocation, Investment Risk, Portofolio ManagementAbstract
Abstrak
Pasar keuangan merupakan cerminan dinamika ekonomi global yang sering
diwarnai oleh volatilitas, yaitu fluktuasi signifikan dalam harga aset. Penelitian
ini bertujuan untuk menganalisis hubungan antara volatilitas pasar, yang
diukur melalui indeks VIX, dan alokasi saham oleh investor dalam rentang
waktu 2015–2024. Metode yang digunakan adalah analisis data historis VIX
dan persentase alokasi saham. Hasil penelitian menunjukkan bahwa
peningkatan indeks VIX cenderung menyebabkan penurunan alokasi saham
oleh investor, mengindikasikan adanya penghindaran risiko di tengah
ketidakpastian pasar. Sebaliknya, ketika indeks VIX menurun, alokasi saham
meningkat sebagai respons terhadap kondisi pasar yang lebih stabil. Temuan
ini menegaskan bahwa volatilitas pasar memainkan peran penting dalam
pengambilan keputusan investasi. Pemahaman mendalam tentang volatilitas
memungkinkan investor untuk mengelola risiko lebih efektif dan
memanfaatkan peluang yang muncul dalam kondisi pasar yang fluktuatif.
Abstract
The financial market reflects the dynamics of the global economy, often
characterized by volatility, which signifies significant fluctuations in asset
prices. This study aims to analyze the relationship between market volatility,
measured through the VIX index, and investors' equity allocation from 2015 to
2024. The methodology involves analyzing historical data on the VIX index and
equity allocation percentages. The results indicate that an increase in the VIX
index tends to lead to a decrease in equity allocation by investors, suggesting
risk aversion amid market uncertainty. Conversely, when the VIX index
decreases, equity allocation rises in response to more stable market
conditions. These findings confirm that market volatility plays a significant role
in investment decision-making. A deep understanding of volatility enables
investors to manage risk more effectively and seize opportunities that arise
under fluctuating market
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