中文翻译
你说得对，两者并非1:1相关，我本应更清晰地指出其中的细微差别。所以正确的表述是：$VIRT 在波动率持续扩大的时期（当波动率指数(VIX)走高时)非常盈利，且市场最终会对此进行定价。 因此，在波动性下跌行情中，$VIRT 表现更佳，目前被低估，并起到对冲作用，这正是我的投资论点。 我确信市场错了，即使 VIX 不高，从 Robinhood 的数据来看，散户交易活动依然强劲。（$VIRT 处理约 25% 的散户资金流），其远期市盈率(Forward P/E)真的很低。
· 个股论点
修正论点：$VIRT在波动中盈利且被低估，具对冲价值。
涉及标的： $VIRT
英文原文
You’re right it’s not 1:1 correlated, I should have done better at pointing out the nuance. So the correct way phrase is $VIRT is very profitable in extended periods of volatility (when VIX is elevated) and it gets priced in the eventually. So in a volatile downturn, $VIRT performs better, is currently undervalued, and serves as a hedge, which was my thesis. I’m convinced market is wrong even if VIX isn’t high, retail trading activity is strong if you look at Robinhood’s data. ($VIRT handles ~25% of retail flows), forward p/e is really low.