I am looking at an EMEA liquidity report.
One measure I am interested in is the volatility. The report includes a list of various indexes and the "Average Volatility " for a period of 5 days expressed as a percentage.
I can't make sense of how this is calculated.
I have the underlying figures that allow me to try to calculate this metric, but I can't understand how it was calculated that FTSE100 had an Volatility of 59% between the between the 2nd and 6th of March. 59% percent of what??
Any leads/ideas as to how this metric can be found would be welcome.