     ![Evolution of Percentiles of Volatility Distribution[]{data-label="fig:voldistevol"}](fig0_permdistevolhigh0.pdf "fig:"){height="0.00in"}     ![Evolution of Percentiles of Volatility Distribution[]{data-label="fig:voldistevol"}](fig0_trandistevolhigh0.pdf "fig:"){height="0.00in"}                                                           $\le 00^{\rm{th}}$ Percentiles                                                                                                                 $\le 00^{\rm{th}}$ Percentiles      ![Evolution of Percentiles of Volatility Distribution[]{data-label="fig:voldistevol"}](fig0_permdistevol