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Implied Correlation Index drops further https://t.co/2gandkqk2f
Wow. The expected one-month correlation for S&P 500 stocks is the lowest in more than a decade! https://t.co/2F1ZMUOkr8
Arm Holdings $ARM 30-day option implied volatility is at 85; compared to its 52-week range of 35 to 171
The 1-month implied correlation index has recently dropped below 3, reaching a historic low of 3.1. This suggests that individual stock returns are expected to be almost completely uncorrelated, indicating extreme market divergence. The S&P 500's expected one-month correlation is now the lowest in more than a decade.