Freedom From Volatility

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Freedom From Volatility
Cover Story
Kundan Kishore - 28 July 2022
Of late, volatility has become one of the biggest worries for investors in risky instruments, such as equities and cryptocurrencies. Among the most tracked global indices, the US S&P 500 index is down 11.69 per cent, Brazilian index BOVESPA has lost 24.81, and Hong Kong’s Hang Seng has lost 26.95 per cent in a year. The Indian stock market, in comparison, has been resilient and is almost at the same level as last year, though it saw major volatility in the interim. The Sensex index, which closed at 53,140 points on July 16, 2021, is up 1.17 per cent at 53,760 on July 15, 2022. In the interim, the Sensex touched the historical high of 62,245 on October 19, 2021, and a low of 50,921 on June 17, 2022. In other words, the market went up 17.13 per cent between July 16, 2021, and October 19, 2021, but fell 18.19 per cent to touch a low on June 17, 2022. Cryptocurrencies are also moving down with the market, but they have recorded far larger losses. Most cryptocurrencies, including Bitcoin and Ethereum, were down over 70 per cent from their peaks. The erosion in portfolios is...
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