The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 1.9% in November 2016. This performance was lower than some major markets, including Japan up 5.1%, the US up 3.4% and Singapore up 3.2%. Declines were observed in the UK, down 2.5%, Hong Kong down 0.6% and Germany down 0.2%.
Volatility measures for the Australian equity market increased during November:
Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.7% in November, up on the previous month (0.5%).
Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in November to an average of 15.2 (compared to 14.1 in October).