Free tool · Market statistics
Euro Stoxx 50 (EU50) volatility by hour, day and month
When Euro Stoxx 50 (EU50) moves, how much, and on which days — measured on 474 trading days of real one-minute data from our broker feed, 2024-12-16 to 2026-10-30. Descriptive statistics of the past, not a forecast.
Volatility by hour
Over the last 12 months, the hour with the widest average range on Euro Stoxx 50 (EU50) was 08:00–09:00 UTC (46.3 bp), and the quietest was 20:00–21:00 UTC (22.4 bp): 2.1 times smaller.
Average range of each one-hour bar, in basis points of price. Hours without prices in our feed are not drawn.
Table: range by hour, UTC, last 12 months
| Hour (UTC) | Mean, bp | Median, bp | Hours measured |
|---|---|---|---|
| 07:00 | 24.6 | 21.0 | 85 |
| 08:00 | 46.3 | 43.3 | 85 |
| 09:00 | 37.1 | 32.7 | 85 |
| 10:00 | 30.1 | 28.1 | 85 |
| 11:00 | 26.0 | 21.4 | 85 |
| 12:00 | 27.5 | 21.8 | 85 |
| 13:00 | 28.4 | 22.8 | 85 |
| 14:00 | 39.0 | 35.0 | 85 |
| 15:00 | 39.6 | 36.4 | 85 |
| 16:00 | 35.8 | 28.6 | 85 |
| 17:00 | 26.7 | 22.1 | 85 |
| 18:00 | 24.1 | 17.8 | 83 |
| 19:00 | 22.6 | 17.8 | 81 |
| 20:00 | 22.4 | 19.1 | 84 |
Day of the week
Wednesday has the widest average daily range (1.43%), Tuesday the narrowest (1.30%). Only Monday shows an average open-to-close return that is distinguishable from zero at 95% confidence (marked •). Even then it is one measurement over a few years: check the year-by-year table before reading anything into it.
| Day | Average range | Open → close, mean ± 95% CI | Up days | Days |
|---|---|---|---|---|
| Monday | 1.36 % | +0.208 % ± 0.193 • | 61.5 % | 96 |
| Tuesday | 1.30 % | +0.148 % ± 0.158 | 56.2 % | 96 |
| Wednesday | 1.43 % | +0.112 % ± 0.265 | 51.1 % | 94 |
| Thursday | 1.42 % | +0.003 % ± 0.195 | 53.2 % | 94 |
| Friday | 1.37 % | −0.123 % ± 0.214 | 47.9 % | 94 |
Average open → close return, year by year (%)
| Year | Mon | Tue | Wed | Thu | Fri |
|---|---|---|---|---|---|
| 2024 | −0.129 | +0.215 | −1.036 | −0.213 | +0.335 |
| 2025 | +0.111 | +0.173 | +0.331 | −0.063 | −0.215 |
| 2026 | +0.351 | +0.115 | −0.116 | +0.086 | −0.034 |
Monthly seasonality
Not shown: the feed has fewer than three complete years of homogeneous data for this market, too few to say anything about a calendar month.
Trading sessions
How much of the day's range happens inside each session, over the last 12 months. Sessions overlap, so the shares do not add up to 100%. A session with no prices in our feed is not listed.
| Session | Average range | Median share of the day's range | Days |
|---|---|---|---|
| London 08:00–16:30 London time | 116.3 bp | 91 % | 253 |
| New York 08:00–17:00 New York time | 100.8 bp | 76 % | 253 |
Volatility over the last year
ATR (14) as a percentage of the price, one point per trading day.
How it is measured
- One-minute bid prices from the cTrader broker feed we use for our own backtests: 474 complete trading days, 2024-12-16 to 2026-10-30. The feed for this market changed on 2024-12-16, so only the data since then is used.
- A trading day is the broker's: it closes at 17:00 New York time, as in cTrader. Partial days (holidays) are left out.
- Range = high − low of the period, as a share of its opening price. 1 bp (basis point) = 0.01%. ATR is Wilder's 14-day average true range.
- The hourly profile is measured in UTC and kept separately for US summer and winter time, so the hours shown in your time zone stay right all year.
- Updated every day after the market data sync. These are descriptive statistics of the past: they are not a forecast and not a trading signal.