Index of [finpko.ku.edu]
The percentage of times up and down movements happen are shown in the table below. >3sd down >3sd up S&P 500 1.10 0.90 NASDAQ 0.80 0.90 FTSE 1.30 0.90 Nikkei 1.00 0.60 Average 1.05 0.83 As might be expected from the shape of the volatility smile large down movements occur more often than large up movements. ................
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