Our TIX implied time financial index calculations metric create new gauges of investor sentiment in financial markets by using measurements of the implied time in expirationless option prices. TIX is calculated by using the shape of expirationless option price curves to measure the level of optimism about future price gains that investors are conveying at any given moment in time. In this way the TIX calculations embrace the fact that most investing activity is driven by optimism about the future and not by fear.
Calculating TIX metrics provide a complement to the implied volatility index, or VIX®, which is popularly called “Wall Street’s fear index.” Methods for calculating TIX metrics are currently protected as a trade secret.