(VIANEWS) – CBOE (VIX) is currently on bearish momentum. At 16:09 EST on Tuesday, 4 October, CBOE (VIX) is at 29.06, 3.46% down since the last session’s close.
Is CBOE Index a Good Investment?
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The CBOE Volatility Index, or VIX, is a popular measure of stock market volatility. A higher VIX number indicates more volatility in the stock market, while a lower number means less volatility. Understanding the VIX and its correlations can help investors fine-tune their portfolios and get a better sense of market direction.
The CBOE Index represents the volatility of the S&P 500 stock market. The index is calculated by comparing the current value of the VIX to the previous 30-day high and low of the index. Higher VIX values reflect greater investor fear of the market’s volatility.
VIX is calculated from real-time options prices on the S&P 500. It is considered a benchmark for market volatility in the international markets, closely monitored by institutional investors and widely reported in the financial press. The VIX indicates how much volatility is expected in the S&P 500 over the next 30 days. It’s important to note, however, that it represents expectations, not actual market behavior.
Regarding CBOE’s daily highs and lows, it’s 1.92% down from its trailing 24 hours low of $29.63 and 12.1% down from its trailing 24 hours high of $33.06.
Concerning CBOE’s yearly highs and lows, it’s 97.28% up from its 52-week low and 25.37% down from its 52-week high.
CBOE’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.07%, a positive 0.89%, and a positive 4.40%, respectively.
CBOE’s highest amplitude of average volatility was 4.82% (last week), 4.85% (last month), and 4.40% (last quarter), respectively.
Index Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, CBOE’s is considered to be overbought (>=80).
News about S&P 500
- According to FXStreet on Monday, 3 October, "Stocks extended their declines on Friday as all three major indices fell deeper into the red with the S&P 500 making a new 2022 low. ", "Overall, the Dow Jones lost 500 basis points, while the S&P 500 and the NASDAQ fell by 1.5% each during the session."
- According to FXStreet on Monday, 3 October, "The S&P 500 and the Nasdaq both fell an additional1.5% on their final trading day of the quarter on Wall Street where the benchmarks fell by around 8-9% in September. "
- According to DailyForex on Monday, 3 October, "The S&P 500 is going to have to deal with geopolitical concerns, and of course the fact that the global economy is starting to drift lower as far as momentum is concerned as well. "
More news about CBOE (VIX).