3 Jan

Analyzing Top Utility Stocks’ Implied Volatility

WRITTEN BY Vineet Kulkarni

Implied volatility

On January 2, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was close to 19%—near its 15-day average volatility. At the same time, the S&P 500 had an implied volatility of 20%. Generally, broader markets’ implied volatility levels are lower than utilities at large. The implied volatility represents investors’ unease. Rising volatility is usually related to falling stock prices. On December 24, the S&P 500 had an implied volatility of 31%.

Analyzing Top Utility Stocks’ Implied Volatility

Generally, utilities were more volatile than broader markets. In the past few months, the S&P 500 experienced more volatility than utilities.

The implied volatility among NextEra Energy (NEE) and Duke Energy (DUK) was close to 22%—higher than the respective 15-day average. Recently, PG&E’s (PCG) implied volatility was ~72%—the highest among utilities.

Read Do You Own Analysts’ Favorite Utility Stocks? to learn about analysts’ favorite utility stocks based on their “buy” ratings.

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