Übersetzung für "Implied volatilities" in Deutsch

This chart shows the development of historical and implied volatilities on the German stock market.

Measures of the volatility of actively traded items can normally be reasonably estimated on the basis of historical market data or by using volatilities implied in current market prices.

At 31 December 2010, if the equity securities and property implied volatilities had been 25% lower, the embedded value would have been CHF 227 million higher (2009: CHF 302 million higher).

At 31 December 2010, if the swaption implied volatilities had been 25% lower, the embedded value would have been CHF 397 million higher (2009: CHF 345 million higher).

At 31 December 2010, if the swaption implied volatilities had been 25% higher, the embedded value would have been CHF 247 million lower (2009: CHF 347 million lower).

At 31 December 2010, if the equity securities and property implied volatilities had been 25% higher, the embedded value would have been CHF 276 million lower (2009: CHF 392 million lower).

The implied volatilities as well as the future dividends which will be used to determine the fair value on the settlement day will be announced to the Eurex Members immediately.

The highest and lowest value shall be excluded from the calculation of the average (Eurex provides implied volatilities of settlement prices on a daily basis in its theoretical price file as well as on the Settlement Price Overview window of the GUIs which are available to direct users of the Eurex® system).

At 31 December 2013, if the swaption implied volatilities (interest rates) had been 25% higher, the embedded value would have been CHF 202 million higher (2012: CHF 444 million lower).

At 31 December 2009, if the equity securities and property implied volatilities had been 25% higher, the embedded value would have been CHF 392 million lower (2008: CHF 274 million lower).

At 31Â December 2015, if the swaption implied volatilities (interest rates) had been 10% higher, the embedded value would have been CHFÂ 37 million higher (2014: CHFÂ 61 million lower).

At 31 December 2016, if the swaption implied volatilities (interest rates) had been 10% higher, the embedded value would have been CHF 52 million higher (2015: CHF 37 million higher).

At 31 December 2014, if the swaption implied volatilities (interest rates) had been 25% higher, the embedded value would have been CHF 61 million lower (2013: CHF 202 million higher).

At 31Â December 2015, if the equity securities and property implied volatilities had been 25% lower, the embedded value would have been CHFÂ 273 million higher (2014: CHFÂ 263 million higher).

At 31 December 2011, if the swaption implied volatilities (interest rates) had been 25% lower, the embedded value would have been CHF 544 million higher (2010: CHF 397 million higher).

At 31Â December 2015, if the equity securities and property implied volatilities had been 25% higher, the embedded value would have been CHFÂ 338 million lower (2014: CHFÂ 322 million lower).

At 31 December 2012, if the swaption implied volatilities (interest rates) had been 25% higher, the embedded value would have been CHF 444 million lower (2011: CHF 709 million lower).

At 31 December 2012, if the swaption implied volatilities (interest rates) had been 25% lower, the embedded value would have been CHF 15 million lower (2011: CHF 544 million higher).

One may note that for a portfolio of spot positions, the margin under SPAN is equal to the Margin% times the total spot position, identical to most spot trading platforms, and neither implied volatilities nor scenarios 15 and 16 have any impact.

At 31 December 2009, if the swaption implied volatilities had been 25% lower, the embedded value would have been CHF 345 million higher (2008: CHF 284 million higher).

At 31 December 2014, if the swaption implied volatilities (interest rates) had been 25% lower, the embedded value would have been CHF 79 million lower (2013: CHF 157 million lower).

At 31 December 2009, if the swaption implied volatilities had been 25% higher, the embedded value would have been CHF 347 million lower (2008: CHF 376 million lower).

We have found that implied volatilities tend to remain very high or very low for extended periods of time.

At 31Â December 2015, if the swaption implied volatilities (interest rates) had been 10% lower, the embedded value would have been CHFÂ 121 million lower (2014: CHFÂ 79 million lower).

At 31 December 2014, if the equity securities and property implied volatilities had been 25% lower, the embedded value would have been CHF 263 million higher (2013: CHF 189 million higher).

In addition, should a counter bid, which is also in cash, be launched by another company whilst a bid is still active (i.e. has not expired or been withdrawn), then the implied volatilities, calculated as described above and in relation to the initial bid, will be used if the counter bid should be declared effective.

The implied volatility varies for different strikes of an option.

Most implied volatility measures are backed out of their relative, underlying products’ options pricing.

They depict the collective sentiment of the market on the implied future volatility.

The US index correlates with implied equity-price volatility in the options markets (VIX).

Thereafter implied volatility in the euro area remained broadly unchanged at those somewhat elevated levels.

The expected volatility is 32per cent and it was calculated by taking the implied volatility of a peer group.

In Germany, the VDAX is the best-known barometer for tracking Implied Volatility.

The daily settlement price and consequently the implied volatility at Eurex are determined as follows:

In 2005 implied bond market volatility -- which provides evidence of market views about the ranges within which bond yields are expected to move in the near term -- remained at the low levels observed in the second half of 2004 .

Notes : The implied volatility series reflects the expected standard deviation of percentage stock price changes over a period of up to three months , as implied in the prices of options on stock price indices .

Implied volatility -- which is derived from option prices -- is usually interpreted as a measure of market participants » uncertainty regarding near-term developments in different financial markets .

The recent alignment of implied volatility across the three asset classes is noteworthy since it is not related to any financial turmoil and , therefore , lends support to the widespread anticipation among market participants of calmer financial market conditions in the near future than was the case at the beginning of 2004 .

Note : Implied volatility with constant six months to maturity is obtained from an interpolation of the term curve of implied volatility derived from options on three-month EURIBOR futures ( see also the box entitled « Measures of implied volatility derived from options on short-term interest rate futures » in the May 2002 issue of the ECB 's Monthly Bulletin ) .