water   Water is a gas when it is steam. It condenses to liquid, becoming water. It becomes solid when it freezes, and then becomes liquid again as it melts. The entire pro â¦ cess depends on temperature. The molecular structure of water does not change throughout all these changes.
Volatile Definition: Volatile refers to a substance that vaporizes readily. Volatility is a measure of how readily a substance vaporizes. By Anne Marie Helmenstine, Ph.D.
Implied volatility is the markets view of where volatility will be in the future. To determine an option's implied volatility, the trader must use a pricing model. But for now, take a look at the following illustration; Historical Volatility tells us how volatile as asset has been in the past.