Break down historical post-crash volatility on the SPX

What else is there to say than the huge swings in the stock market lately? As with most other statistics I have written about recently, what we are seeing is almost unprecedented. The 21-day historical volatility (HV) of the S&P 500 (SPX) index is 87%. The only two times in history when this was exceeded were 1987 after Black Monday, when the index fell more than 20% in a single day, and 1929, triggering the Great Depression. Interestingly, what followed these two periods could not have been more different. Stocks rebounded quickly after the one-day drop in 1987, picking up to peaks in less than two years. After 1929, however, it took more than two decades for stocks to return to these lost levels.

The chart below also shows the 21-day median historical volatility of stocks in the S&P 500 index. In the rest of the article, Ill will compare the volatility of the index and stocks, then Ill will list some stocks that have experienced the largest and smallest changes in volatility since before the crisis.

Index volatility nears equity volatility

The graph below shows a ratio comparing the 21-day HV of the S&P 500 index to the median HV of the stocks currently in the index. The ratio moved to one during the turmoil. Specifically, it reached 1.06. The other two times in the graph where this happened occurred in 2008 during the financial crisis and in 2015 during a market downturn. This move towards parity in difficult times reminds us that everything becomes correlated during a crash. Normally, the ratio averages about 2.0, which means that you get twice the volatility by playing a typical stock in the index compared to the index itself. But in these crazy times, you get almost as much volatility by playing the index.

HV before / after crisis on individual stocks

I studied how the HV changed on individual stocks in the February 19 S&P 500 index (the highest recent of all time on the S&P 500 index) to their current level. At first, I thought I could find a group of stocks that trade like they did before all these crazy things started to happen. No stock was spared in this crash, however.

The story continues

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos