This difference is why investors use risk-adjusted performance metrics. These tools help measure how much risk was taken to ...
Kappa measures an option's sensitivity to changes in volatility, affecting its price. Learn its definition, how it works, and how it is measured effectively.
The concept of a Volatility Index (VIX) was first introduced by the Chicago Board Options Exchange (CBOE) in 1993. Originally, based on the S&P 100 index, it was revised in 2003 to track the S&P 500 ...