Construct · 3 fields · 4 citations
One name. Different field. Different construct. One map.
● jingle · one word, three constructs Nearest construct by meaningriskcompare the meaningsEvery construct on the map is compared with every other by the meaning of its definitions, and the closest one is surfaced here. The nearest construct to volatility is risk.
Hold this as a prompt, not a verdict. Two constructs sitting close in meaning is a reason to read them side by side and decide for yourself whether they are one idea under two names. It is not proof that they are. Compare the meanings in the Collider.
Spokes are fields; dashed arcs are shared lineage. Tap a field for its definition, unit, and measures.
Drag to watch the word get claimed. Each field appears at the publication date of the earliest source cited for it. Tap a year to see which.
In finance, volatility is the degree to which an asset's returns scatter around their average, usually reported as the standard deviation of returns over a period and often annualised. It comes in two flavours: realized volatility, estimated after the fact from observed price moves, and implied volatility, backed out from option prices as the market's forward-looking guess. Andersen, Bollerslev, Diebold, and Labys's 2003 Modeling and Forecasting Realized Volatility showed how high-frequency price data can measure realized volatility directly, and Whaley's 2009 Understanding the VIX explains the implied-volatility index that markets read as a fear gauge. The referent is a statistical property of a price series, not the vaporising of a liquid, the fading of computer memory, or the swinging of a person's mood.[1][2]
In chemistry, volatility is how readily a substance passes into the gas phase, quantified by its vapor pressure: the pressure of vapour in equilibrium with the liquid or solid at a given temperature. A volatile substance has a high vapor pressure and evaporates easily, and that pressure rises with temperature along a curve set by the thermodynamics of phase change, as described by the Clausius-Clapeyron relation. Atkins and de Paula's Physical Chemistry lays out how vapor pressure, the enthalpy of vaporisation, and boiling temperature are linked. The referent is a physical property of matter governed by molecular escape from a condensed phase, and it has nothing to do with the spread of financial returns, the loss of stored data, or emotional instability.[3]
In psychology and psychiatry, affective volatility, more often called affective or mood instability, is the tendency for a person's emotional state to shift rapidly and widely over short periods. It is studied as a core feature of several conditions, including borderline personality disorder and bipolar spectrum disorders, and is increasingly measured in daily life rather than by recall. Marwaha and colleagues' 2013 review How is affective instability defined and measured? A systematic review surveys the competing definitions and the diary and momentary methods used to capture it. The referent is a pattern in a person's emotions over time, not a property of prices, molecules, or computer hardware.[4]
Next
See how volatility sits against neighbouring constructs in the Collider, or export every reference on this page in one click.
Open in ColliderExport BibTeXReport this collisionCited on this page?
If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.
Claim your construct