VIX, the widely followed market volatility index, is still near record lows most days. But VIX only goes back to 1990. So a low VIX tells us volatility is only low compared to what it’s been in the past 27 years. Stock market data goes back much further than 1990. Data for the Dow Jones Industrial Average, for example, dates back to 1896. However, there is an indicator that duplicates the VIX. It’s called the VIX Fix. Technically, it’s a stochastic model of the lows. Visually, the VIX Fix is a perfect match to the VIX Index. It lets us calculate market volatility for any stock over any time frame. The chart below ... (full story)