@article {Efremidze130, author = {Levan Efremidze and James A. DiLellio and Darrol J. Stanley}, title = {Using VIX Entropy Indicators for Style Rotation Timing}, volume = {23}, number = {3}, pages = {130--143}, year = {2014}, doi = {10.3905/joi.2014.23.3.130}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In this article, the authors examine the feasibility of market timing between large-capitalization value and growth portfolios with the use of entropy measures as compared with previously tested methods of market timing using stock market volatility (using the CBOE{\textquoteright}s Volatility Index, VIX). Including transaction fees, style rotations using entropy measures appear to provide superior risk-adjusted returns and may offer a desirable alternative strategy for risk-averse investors seeking equity exposure.TOPICS: Portfolio construction, performance measurement}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/23/3/130}, eprint = {https://joi.pm-research.com/content/23/3/130.full.pdf}, journal = {The Journal of Investing} }