The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 3.0% in January 2015. This performance was stronger than all other major markets except Germany which was up 9.1% and Hong Kong up 3.8%. The UK was up 2.8%, Japan up 1.3% and Singapore up 0.8%. The US was down 3.1%.
Volatility measures for the Australian equity market remained below long-term averages during January:
- Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in January, down on the previous month (0.9%).
- Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in January to an average of 15.2 (compared to 15.0 in December).
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