The research views expressed herein are those of the author and do not necessarily represent the views of CME Group or its affiliates. All examples in this presentation are hypothetical ...

Standard deviation, while common, inadequately captures investment risk due to its equal treatment of gains and losses and assumption of symmetry. Skewness and kurtosis offer crucial insights, ...

Among the most challenging aspects of the options market is that the ecosystem is structured as a multiverse. Rather than being viewed as an abstract battle of wits between bulls and bears, it’s ...

There is strong evidence of a negative cross-sectional relationship between realized skewness and future stock returns - stocks with negative skewness are compensated with high future returns for ...

Cross-Asset Volatility: Implied volatilities fell across asset classes again last week following the US-China tariff reprieve, with equity and credit implied volatilities dropping the most. The VIX ...

Many investment fund managers face a dilemma: they need to achieve true diversification with their allocations and non-correlated sources of return, but it’s an elusive goal if you don’t correctly ...

As the electronics industry enters the less-than-100-nm-transistor era, delay sensitivity has also begun to venture into the picosecond range. You can also infer this high degree of timing accuracy by ...