VURA Capital Innovation Introduces 'VFI (VURA Future Index)', a Future Expectation Index for the AI Era

## VURA Capital Innovation Introduces 'VFI (VURA Future Index)', a Future Expectation Index for the AI Era

VURA Capital Innovation Holdings (hereinafter "VURA Capital Innovation") has announced the launch of a proprietary index, the "VFI (VURA Future Index)," designed to visualize corporate future expectations in the AI era. The index is now available on the dashboard of their official website.

This index attempts to continuously visualize the "temperature toward the future"—which areas of the future market and capital are beginning to focus on and weight—which was difficult to measure with traditional financial indicators alone. By combining this with the VIX (Volatility Index), which indicates investor sentiment, they present a new market analysis framework that classifies market phases into four states.

### Background: Democratization of Optimization by AI and the Transformation of 'Corporate Value'

With the rapid spread of AI, knowledge, analysis, and operational optimization are becoming democratized. In the AI era to come, corporate sustainable advantage will shift not just from "current profit and efficiency," but to "what future expectations are gathering toward and where capital is beginning to flow."

### What is VFI (VURA Future Index)?

VFI is composed based on stock price data of future-related companies, primarily in the US, and is a proprietary index that observes market trends in each theme area daily. It is indexed with the VURA Capital Innovation establishment date of April 22, 2026, as 100, and is updated automatically every day.

VFI dynamically observes trends that the market and capital are anticipating, classified into the following four "Future Areas":

- **Longevity**: Expectations for medical, bio, and longevity society
- **Planetary Sustainability**: Expectations for energy, environment, and sustainability
- **Quality of Life**: Expectations for human experience and lifestyle value
- **Frontier**: Expectations for space development, ocean exploration, etc.

In addition, the "Overall Index," which integrates the transitions of each theme, allows continuous monitoring of changes in future expectations for the entire market.

### If VIX is 'Fear', VFI is 'Temperature toward the Future'

By organizing the two axes of "Future Expectations" (VFI) and "Fear" (VIX), the market is classified and analyzed into the following four states (phases):

1. **High Fear, Low Future Expectation (High VIX x Low VFI)**: A phase with strong anxiety, where risk aversion, stagnation, and pessimism tend to spread.
2. **Quiet, Low Future Expectation (Low VIX x Low VFI)**: A state where the market is stable but lacks strong growth expectations or intensity due to low volatility.
3. **High Fear, High Future Expectation (High VIX x High VFI)**: A state with strong intensity toward the next era amid significant uncertainty (structural change or technological innovation period). This is highlighted as a "turning point where the next future expectation begins to form."
4. **Calm, High Future Expectation (Low VIX x High VFI)**: A state where the market is stable, and there is a strong growth story for new industries and social changes.