The KEPE (Center of Planning and Economic Research) GRIV index increased in April 2024 reaching 26.70% on 30/4/2024, from 22.40% on 28/3/2024. Moreover, the average daily value of the index increased, reaching 26.32% in April 2024 from 24.44% in March 2024.
The index remained below its historical average level (since January 2004) for the Greek market, which stands at 32.23%. The evolution of the index indicates an increase in uncertainty for the expected short-term course of the Greek market compared to the end of the previous month, with fluctuations within the month.
The KEPE GRIV implied volatility index, or the "Fear" index, reflects the uncertainty of the derivatives market participants regarding the expected short-term course of the Greek market and is calculated based on the FTSE/Athex Large Cap Index options prices.