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What does volatility mean?

Looking for the meaning or definition of the word volatility? Here's what it means.

Noun
  1. The state of being volatile
    1. (uncountable) The state of having a low boiling point and evaporating readily
    2. (computing) The state of not retaining data in the absence of power.
    3. (uncountable) The state of being able to fly.
    4. (uncountable) The state of being unpredictable
    5. (finance, countable) A quantification of the degree of uncertainty about the future price of a commodity, share, or other financial product
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What sane, sensible person would throw more than a billion dollars at the overseas sharemarket at a time of major volatility?
The curve forms from a graph plotting return and risk indicated by volatility, which is represented by standard deviation.
In this industry we don't have, except maybe for the anti-infectives, we don't have this tremendous volatility and demand.
His character's primary trait is volatility, which is handy for saloon brawls and shoot-outs.
Vega, our fourth and final risk measure, quantifies risk exposure to implied volatility changes.
First, we found that the average aftermarket volatility of matched seasoned stocks has also increased over time.

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