Are Tech Stocks More Volatile Than the S&P 500 Index? (Mid-Year Update — Part 4)

Investors often ask about the relationships of implied volatilities of individual stocks and stock indexes.  

Here are the average daily closing values over the past year for four volatility indexes that are designed to measure 30-day expected volatility —

42.7 VXAZN – CBOE Equity VIX® on Amazon

32.1 VXGOG – CBOE Equity VIX® on Google

34.0 VXAPL – CBOE Equity VIX® on Apple

24.7 VIX® – CBOE Volatility Index® (measures implied volatility of S&P 500 index options)

VOLATILITY INDEXES – ONE-YEAR CHART

(June 30, 2011 – June 29, 2012)

During the past year the highest daily closing value for the VXAPL Index – CBOE Equity VIX® on Apple (VXAPL) was 54.63 on October 4, 2011.

VOLATILITY INDEXES –

MAXIMUM, MINIMUM AND AVERAGE

OF DAILY CLOSING VALUES OVER THE PAST YEAR

(June 30, 2011 – June 29, 2012)

 

As shown in the table above, the maximum daily closing value for the CBOE Equity VIX® on Goldman Sachs (VXGS) over the past year was 87.47.

LINKS TO ADDITIONAL INFORMATION