KEPE GRIV “Fear” Index
KEPE INDICES
March 2025 estimations
The KEPE GRIV index or the “Fear” index is an implied volatility index. It is calculated based on the FTSE/Athex Large Cap Index options prices and reflects the uncertainty of the derivatives market participants regarding the expected short-term course of the Greek market. The index was created by KEPE in collaboration with the University of Patras and Professor C. Siriopoulos.
The KEPE GRIV index increased in March 2025, reaching 23.10% on 31/3/2025, from 22.90% on 28/2/2025. Moreover, the average daily value of the index increased compared to the previous month, reaching 24.28% in March 2025, from 23.96% in February 2025. The index remained below its historical average level (since January 2004) for the Greek market, which stands at 31.94%. 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.
Press here for the figure.