Glossary term
Volatility
The magnitude of an asset's price fluctuations, usually as the standard deviation of returns; the generic term above VIX, MOVE, and DVOL.
Volatility is the magnitude of an asset's price fluctuations, typically quantified as the annualized standard deviation of returns. It is the generic concept sitting above the specific volatility indices — VIX for equities, MOVE for bonds, DVOL for crypto. Realized volatility looks backward at what happened, while implied volatility looks forward at what options pricing expects. See Money Temperature 101.