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"upward volatility" is correct and usable in written English
It is a financial term usually used to refer to a situation in which a security or the overall market experiences rapid and unpredictable increases in price, usually over a short period of time. For example: "The stock market experienced an unexpected increase in upward volatility, making stocks more volatile than usual."
Exact(1)
Downward volatility is as normal as upward volatility.
Similar(59)
But the upward movement and accompanying volatility are hitting Japan at a time when it needs fewer problems.
He noted that European equities markets had maintained an upward trend and that volatility -- or the "fear factor" -- had remained low in spite of the Greek crisis.
Traders will likely accrue profits if implied volatility and upward movement in shares continues to boost option premium at the strike prices described.
Pleasant volatility-upward spikes.
ONE argument for putting up with the volatility of commodities like gold is that their long-term price trend is upward.
During the past five years, volatility has trended steadily upward.
With coal being an exhaustible resource, the current demand path and competition may accelerate the upward trend in prices with higher volatility and uncertainty.
After November 20, benchmark prices started shooting upward, reflecting an unprecedented level of price volatility.
"For thunderstorm-related losses the analysis reveals increasing volatility and a significant long-term upward trend in the normalized figures over the last 40 years.
A line of business that can see profits lurch violently upward is exposed to the same kind of volatility on the way down.
More suggestions(3)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com