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EURO STOXX 50 Volatility Index AGARCH Volatility Analysis

Volatility prediction for Monday, September 28th, 2026

1 Day

94.16%

decreased by 8.93%

1 Week

96.35%

decreased by 6.74%

1 Month

99.55%

decreased by 3.54%

Analysis last updated: Monday, September 28, 2026 at 04:42 AM UTC

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graph of EURO STOXX 50 Volatility Index AGARCH

News Impact Curve

How returns affect tomorrow's volatility

Volatility Forecast

How volatility evolves over time

Parameter Estimates

Jan 4, 1999 to Sep 25, 2026

Model Insight

The news-impact curve is shifted (γ = -4.20) so that positive returns raise next-day volatility more than negative returns of the same size. Volatility rises more after gains than after losses, the reverse of the usual leverage effect and rare among risky assets.

σ

AGARCH Model

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Asymmetry: positive returns raise volatility more
ParamValuet-stat
ωconst4.6521
7.26***
αARCH0.1395
12.40***
βGARCH0.6865
66.63***
γleverage-4.1975
-5.86***

0.826

Persistence

4d

Half-life
σ

AGARCH Model

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ParameterValuet-statistic
ω

const

Unconditional variance weight

4.6521
7.26***
α

ARCH

Response to squared shocks

0.1395
12.40***
β

GARCH

Volatility persistence

0.6865
66.63***
γ

leverage

Additional response to negative shocks

-4.1975
-5.86***

Persistence:

0.826

Half-life:

4 days