Press Releases
NYU Stern Nobel Laureate Robert Engle Forecasts High Market Volatility for Next 12 Months
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--Available for Interviews--
NEW YORK--On Friday April 3, 2009, Professor Engle will debut Stern’s new Volatility Lab, or “Vlab” for short, at the Volatility Institute’s inaugural conference.
A new and independent tool to measure market risk, the Vlab calculates the volatility of the S&P 500, MSCI World Index, emerging markets, commodities, exchange rates and more every day. It also produces volatility forecasts up to a year in advance.
At the close of 1st quarter, Professor Engle cites several trends:
For the Volatility Institute conference agenda, visit http://w4.stern.nyu.edu/volatility/ and click on the “Events” tab.
To RSVP for the event or to interview Professor Engle, please contact Jessica Neville, 212-998-0666, jneville@stern.nyu.edu, or Carolyn Ritter, 212-998-0624, critter@stern.nyu.edu, in NYU Stern’s Office of Public Affairs.
April 2, 2009: http://www.businesswire.com/news/home/20090402005707/en
NEW YORK--On Friday April 3, 2009, Professor Engle will debut Stern’s new Volatility Lab, or “Vlab” for short, at the Volatility Institute’s inaugural conference.
A new and independent tool to measure market risk, the Vlab calculates the volatility of the S&P 500, MSCI World Index, emerging markets, commodities, exchange rates and more every day. It also produces volatility forecasts up to a year in advance.
At the close of 1st quarter, Professor Engle cites several trends:
- Market volatility is forecasted to remain high for the next year
- S&P500 volatility increased to 37% from last year’s 26%
- International and emerging market volatility is well above average
- Sweden’s volatility sustained its six-month high, closing at 70%, well above the international market index average of 14%
- The financial crisis pushed Italy’s volatility to 63%, the highest in the Eurozone
- Volatility of gold declined to 18%, below its 23% average
For the Volatility Institute conference agenda, visit http://w4.stern.nyu.edu/volatility/ and click on the “Events” tab.
To RSVP for the event or to interview Professor Engle, please contact Jessica Neville, 212-998-0666, jneville@stern.nyu.edu, or Carolyn Ritter, 212-998-0624, critter@stern.nyu.edu, in NYU Stern’s Office of Public Affairs.
April 2, 2009: http://www.businesswire.com/news/home/20090402005707/en