| French, from [[Latin]] ''volatilis'', from ''volare'' to fly | | French, from [[Latin]] ''volatilis'', from ''volare'' to fly |
| *5: [[difficult]] to capture or hold permanently : evanescent, [[transitory]] | | *5: [[difficult]] to capture or hold permanently : evanescent, [[transitory]] |
− | In [[finance]], '''volatility''' is a [[measure]] for variation of price of a financial instrument over [[time]]. Historic volatility is derived from time [[series]] of past market prices. An [http://en.wikipedia.org/wiki/Implied_volatility implied volatility] is derived from the market price of a market traded derivative (in particular an option). The symbol σ is used for volatility, and corresponds to [http://en.wikipedia.org/wiki/Standard_deviation standard deviation], which should not be [[confused]] with the similarly named variance, which is instead the square, σ2. Much [[research]] has been devoted to [[modeling]] and [[forecasting]] the volatility of financial returns, and yet few [[theoretical]] models explain how volatility comes to exist in the first place. | + | In [[finance]], '''volatility''' is a [[measure]] for variation of price of a financial instrument over [[time]]. Historic volatility is derived from time [[series]] of past market prices. An [https://en.wikipedia.org/wiki/Implied_volatility implied volatility] is derived from the market price of a market traded derivative (in particular an option). The symbol σ is used for volatility, and corresponds to [https://en.wikipedia.org/wiki/Standard_deviation standard deviation], which should not be [[confused]] with the similarly named variance, which is instead the square, σ2. Much [[research]] has been devoted to [[modeling]] and [[forecasting]] the volatility of financial returns, and yet few [[theoretical]] models explain how volatility comes to exist in the first place. |
| + | The nature of [[growth]] is that on its cutting edge there is [[turmoil]], for here newness exists as an experiential [[unknown]]. Once assimilated, it is then possible to know the relief of [[humor]] in reviewing what was once a great and fearsome [[struggle]]. - [https://nordan.daynal.org/wiki/index.php?title=1998-09-18-The_Group_and_the_Individual#Growth Daniel] |