{"id":15840,"date":"2021-01-22T11:41:30","date_gmt":"2021-01-22T10:41:30","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=15840"},"modified":"2023-02-08T09:48:16","modified_gmt":"2023-02-08T08:48:16","slug":"equities-implied-volatility-remains-high-despite-elevated-markets","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/equities-implied-volatility-remains-high-despite-elevated-markets\/","title":{"rendered":"Equities: implied volatility remains high despite elevated markets"},"content":{"rendered":"

Chart of the week<\/h2>\n

VIX, as a measure of implied (1)<\/em>volatility in S&P 500 Index options, provides a rough approximation of how much investors are willing to pay for protection against extreme market shifts. A high VIX reading suggests investors are willing to pay more for protection.<\/p>\n

Since declining sharply from its peak in March 2020, implied volatility has remained above its historical average of 20. When markets are calm, this reading tends to be lower.<\/p>\n

\"\"<\/p>\n

Our analysis<\/b><\/h2>\n

This relatively high implied volatility is a sign that investors have not yet completely shrugged off concerns over potential agitation: despite markets already being elevated, they probably have more to go before euphoria strikes.<\/p>\n

 <\/p>\n

(1)Volatility: Statistical measure of the dispersion of returns for a given security or market index. In most cases, the higher the volatility, the riskier the security<\/em><\/p>\n

 <\/p>\n

See also:\u00a0https:\/\/latribune.lazardfreresgestion.fr\/en\/us-household-net-debt-at-its-lowest-level-since-1991\/<\/a><\/em><\/p>\n

 <\/p>\n

The opinion expressed above is dated 15th January 2021 and is liable to change.<\/em><\/p>\n

 <\/p>\n

This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 – Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES – 75008 PARIS, FRANCE<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Chart of the week VIX, as a measure of implied (1)volatility in S&P 500 Index options, provides a rough approximation… <\/p>\n","protected":false},"author":101016,"featured_media":15833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[2189,2191,2190,2188],"class_list":["post-15840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week","tag-investors","tag-sp-500-en","tag-vix-en","tag-volatility"],"yoast_head":"\nEquities: implied volatility remains high despite elevated markets – Tribune Lazard Fr\u00e8res Gestion<\/title>\n<meta name=\"description\" content=\"VIX, as a measure of implied volatility in S&P 500 Index options, provides a rough approximation of how much investors are willing to pay for protection against extreme market shifts. 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