What does vix mean?

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vix

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Wikipedia

  1. VIX

    VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated on a real-time basis by the CBOE, and is often referred to as the fear index or fear gauge. The VIX traces its origin to the financial economics research of Menachem Brenner and Dan Galai. In a series of papers beginning in 1989, Brenner and Galai proposed the creation of a series of volatility indices, beginning with an index on stock market volatility, and moving to interest rate and foreign exchange rate volatility.In their papers, Brenner and Galai proposed, "[the] volatility index, to be named 'Sigma Index', would be updated frequently and used as the underlying asset for futures and options. ... A volatility index would play the same role as the market index plays for options and futures on the index." In 1992, the CBOE hired consultant Bob Whaley to calculate values for stock market volatility based on this theoretical work. Whaley utilized data series in the index options market, and provided the CBOE with computations for daily VIX levels from January 1986 to May 1992.The resulting VIX index formulation provides a measure of market volatility on which expectations of further stock market volatility in the near future might be based. The current VIX index value quotes the expected annualized change in the S&P 500 index over the following 30 days, as computed from options-based theory and current options-market data. To summarize, VIX is a volatility index derived from S&P 500 options for the 30 days following the measurement date, with the price of each option representing the market's expectation of 30-day forward-looking volatility. The resulting VIX index formulation provides a measure of expected market volatility on which expectations of further stock market volatility in the near future might be based.Like conventional indexes, the VIX Index calculation employs rules for selecting component options and a formula to calculate index values. Unlike other market products, VIX cannot be bought or sold directly. Instead, VIX is traded and exchanged via derivative contract, derived ETFs, and ETNs which most commonly track VIX futures indexes.In addition to VIX, CBOE uses the same methodology to compute the following related products: CBOE ShortTerm Volatility Index (VIX9DSM), which reflects 9-day expected volatility of the S&P 500 Index, CBOE S&P 500® 3-Month Volatility Index (VIX3MSM), CBOE S&P 500® 6-Month Volatility Index (VIX6MSM) CBOE S&P 500 1-Year Volatility Index (VIX1YSM).CBOE also calculates the Nasdaq-100® Volatility Index (VXNSM), CBOE DJIA® Volatility Index (VXDSM) and the CBOE Russell 2000® Volatility Index (RVXSM). There is even a VIX on VIX (VVIX) which is a volatility of volatility measure in that it represents the expected volatility of the 30-day forward price of the CBOE Volatility Index (the VIX®).

Wikidata

  1. VIX

    VIX is a trademarked ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market's expectation of stock market volatility over the next 30 day period. The idea of a volatility index, and financial instruments based on such an index, was first developed and described by Prof. Menachem Brenner and Prof. Dan Galai in 1986. Professors Brenner and Galai published their research in the academic article "New Financial Instruments for Hedging Changes in Volatility," which appeared in the July/August 1989 issue of Financial Analysts Journal. In a subsequent paper, Professors Brenner and Galai proposed a formula to compute the volatility index. Professors Brenner and Galai wrote "Our volatility index, to be named Sigma Index, would be updated frequently and used as the underlying asset for futures and options... A volatility index would play the same role as the market index play for options and futures on the index." In 1992, the CBOE retained Prof. Robert Whaley to create a tradeable stock market volatility index based on index option prices. In a January 1993 news conference, Prof. Whaley reported his findings. Subsequently, the CBOE has computed VIX on a real-time basis. Based on the history of index option prices, Prof. Whaley computed daily VIX levels in a data series commencing January 1986, available on the CBOE website. Prof. Whaley's research for the CBOE appeared in the Journal of Derivatives.

Suggested Resources

  1. VIX

    What does VIX stand for? -- Explore the various meanings for the VIX acronym on the Abbreviations.com website.

Surnames Frequency by Census Records

  1. VIX

    According to the U.S. Census Bureau, Vix is ranked #76533 in terms of the most common surnames in America.

    The Vix surname appeared 251 times in the 2010 census and if you were to sample 100,000 people in the United States, approximately 0 would have the surname Vix.

    87.2% or 219 total occurrences were White.
    8.3% or 21 total occurrences were of Hispanic origin.

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Numerology

  1. Chaldean Numerology

    The numerical value of vix in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of vix in Pythagorean Numerology is: 1

Examples of vix in a Sentence

  1. David Miller:

    You can really see that expressed in the VIX futures market.

  2. Ian Winer:

    I would imagine you will start seeing some people putting more protection on, which should spike the VIX a little bit.

  3. Randy Frederick:

    The VIX average for the year has been about 15 and I definitely expect it to be above 20 in the short-term.

  4. Ophir Gottlieb:

    A VIX of 26 means something is going to happen, the bearish take on options right now is that we broke through VIX of 20 by 40 percent in one day so we are nowhere near done selling.

  5. Ophir Gottlieb:

    The bearish take on options right now is that we broke through VIX of 20 by 40 percent in one day so we are nowhere near done selling.

Popularity rank by frequency of use

vix#10000#72746#100000

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