<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2683-2690</journal-id>
<journal-title><![CDATA[The Anáhuac journal]]></journal-title>
<abbrev-journal-title><![CDATA[The Anáhuac j.]]></abbrev-journal-title>
<issn>2683-2690</issn>
<publisher>
<publisher-name><![CDATA[Universidad Anáhuac del Sur S.C., Facultad de Economía y Negocios]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2683-26902017000100069</article-id>
<article-id pub-id-type="doi">10.36105/theanahuacjour.2017v17n1.03</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efectos de la volatilidad implícita sobre las empresas con mayor bursatilidad del mercado mexicano de valores]]></article-title>
<article-title xml:lang="en"><![CDATA[Effects of implied volatility on companies with greater stock market value in the Mexican stock market]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mariné Osorio]]></surname>
<given-names><![CDATA[Fernando José]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Bribiesca Aguirre]]></surname>
<given-names><![CDATA[Juan Carlos]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Anáhuac México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Grupo Posadas Customer Experience y Advanced Analytics ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2017</year>
</pub-date>
<volume>17</volume>
<numero>1</numero>
<fpage>69</fpage>
<lpage>100</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2683-26902017000100069&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2683-26902017000100069&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2683-26902017000100069&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este artículo se presentan los resultados del estudio sobre el mercado de valores de México para determinar si la volatilidad implícita puede utilizarse como una determinante sistemática para poder explicar los rendimientos de las diez acciones con mayor bursatilidad en el mercado mexicano. Se aplicaron métodos estadísticos y técnicas de regresión para explorar si existe alguna relación entre el VIX mexicano o VIMEX y los rendimientos históricos del Índice de Precios y Cotizaciones, IPC. Los resultados obtenidos confirman que existe una correlación negativa entre la volatilidad implícita y los rendimientos de las acciones, y se comprobó que el VIMEX puede usarse como un método alternativo para explicar el riesgo sistemático.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper presents the results of the analysis of the Mexican stock market to find if implicit volatility could be used as a systematic determinant in order to explain the yields of ten of the most representative stocks in the Mexican market. We applied statistical methods and regression techniques to explore if there is any relationship between Mexican VIX or VIMEX and historical returns of the IPC. We observed that there is a negative correlation between implicit volatility and stock returns, and tested if VIMEX could be used as an alternative method to explain systematic risk.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[VIX mexicano]]></kwd>
<kwd lng="es"><![CDATA[VIMEX]]></kwd>
<kwd lng="es"><![CDATA[INMEX]]></kwd>
<kwd lng="es"><![CDATA[factores conductuales]]></kwd>
<kwd lng="es"><![CDATA[premio al riesgo]]></kwd>
<kwd lng="es"><![CDATA[eficiencia del mercado]]></kwd>
<kwd lng="es"><![CDATA[mercado mexicano de valores]]></kwd>
<kwd lng="es"><![CDATA[volatilidad implícita]]></kwd>
<kwd lng="es"><![CDATA[derivados]]></kwd>
<kwd lng="es"><![CDATA[M21]]></kwd>
<kwd lng="es"><![CDATA[G02]]></kwd>
<kwd lng="es"><![CDATA[G12]]></kwd>
<kwd lng="es"><![CDATA[C50]]></kwd>
<kwd lng="es"><![CDATA[C23]]></kwd>
<kwd lng="en"><![CDATA[Mexican VIX]]></kwd>
<kwd lng="en"><![CDATA[VIMEX]]></kwd>
<kwd lng="en"><![CDATA[INMEX]]></kwd>
<kwd lng="en"><![CDATA[behavioral factors]]></kwd>
<kwd lng="en"><![CDATA[risk premia]]></kwd>
<kwd lng="en"><![CDATA[market efficiency]]></kwd>
<kwd lng="en"><![CDATA[mexican stock market]]></kwd>
<kwd lng="en"><![CDATA[implicit volatility]]></kwd>
<kwd lng="en"><![CDATA[derivatives]]></kwd>
<kwd lng="en"><![CDATA[M21]]></kwd>
<kwd lng="en"><![CDATA[G02]]></kwd>
<kwd lng="en"><![CDATA[G12]]></kwd>
<kwd lng="en"><![CDATA[C50]]></kwd>
<kwd lng="en"><![CDATA[C23]]></kwd>
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</article-meta>
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