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Essential

Volatility

A measure of how much and how quickly prices change, indicating market uncertainty and risk.

Quick answer

Volatility measures how much an asset's price moves over a period. High volatility means bigger swings in both directions - more opportunity, and more risk.

Definition

Volatility measures the degree of price variation over time. High volatility means large, rapid price swings; low volatility means stable, slow-moving prices. It's a key factor in risk assessment, option pricing, and position sizing. Volatility is measured with standard deviation, the ATR indicator, or implied volatility like the VIX, and it clusters: calm markets stay calm until they do not. For traders it sets the stop distance, the position size, and the realistic profit target.

How It Works

  • Measured by standard deviation of returns
  • VIX index measures S&P 500 volatility
  • ATR (Average True Range) measures daily volatility
  • Higher volatility = higher risk and opportunity

Types of Volatility

Historical Volatility

Based on past price movements

Implied Volatility

Expected future volatility from options

Realized Volatility

Actual volatility that occurred

Trading Tips

1

Reduce position size in high volatility

2

Spreads widen during volatile periods

3

News events spike volatility

Sources

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