Statistics of Price Movements of Cerevel Therapeutics Hldg Inc (CERE)

The price movements of Cerevel Therapeutics Hldg Inc (ticker CERE) are summarized in five ways:

• Table 1. Statistics of daily price changes using the closing prices
• Table 2. Statistics of daily price changes using the closing and opening prices
• Table 3 – 7. Statistics of daily price changes when CERE opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
• Table 8 – 10. Statistics of stock price changes in the 20 days after CERE had a big price move
• Table 11. Statistics of daily price changes in the 20 days after CERE moved 5% with twice the 30-day average volume

The statistics are calculated using CERE's price data across 441 trading days from 2015 to 2020.

Table 1. Statistics of CERE one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 441 trading days, 34.5% of the time (152 days), CERE closed above the previous day's closing price. 42.0% of the time (185 days), it closed below the previous day's closing price. 23.4% of the time (103 days), it did not change.

Also see: VIX price movement study.

CERE Price Change (%)	Number of Days	% of Total Sessions
2370 – 2371%	1	0.23%
116 – 117%	1	0.23%
74 – 75%	1	0.23%
72 – 73%	1	0.23%
56 – 57%	1	0.23%
32 – 33%	1	0.23%
28 – 29%	1	0.23%
21 – 22%	1	0.23%
20 – 21%	1	0.23%
19 – 20%	4	0.91%
17 – 18%	2	0.45%
16 – 17%	2	0.45%
15 – 16%	3	0.68%
13 – 14%	2	0.45%
12 – 13%	1	0.23%
11 – 12%	2	0.45%
10 – 11%	2	0.45%
9 – 10%	3	0.68%
8 – 9%	6	1.36%
7 – 8%	4	0.91%
6 – 7%	4	0.91%
5 – 6%	6	1.36%
4 – 5%	26	5.91%
3 – 4%	23	5.23%
2 – 3%	25	5.68%
1 – 2%	12	2.73%
0 – 1%	16	3.64%
0%	103	23.41%
0 – -1%	17	3.86%
-1 – -2%	20	4.55%
-2 – -3%	24	5.45%
-3 – -4%	16	3.64%
-4 – -5%	24	5.45%
-5 – -6%	23	5.23%
-6 – -7%	8	1.82%
-7 – -8%	12	2.73%
-8 – -9%	7	1.59%
-9 – -10%	7	1.59%
-10 – -11%	3	0.68%
-11 – -12%	3	0.68%
-12 – -13%	5	1.14%
-13 – -14%	1	0.23%
-14 – -15%	3	0.68%
-15 – -16%	3	0.68%
-16 – -17%	3	0.68%
-17 – -18%	2	0.45%
-18 – -19%	1	0.23%
-22 – -23%	1	0.23%
-23 – -24%	1	0.23%
-32 – -33%	1	0.23%

Table 2. Statistics of CERE: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of CERE.

28.8% of the time (127 days), CERE closed above the opening price. 46.7% of the time (206 days), it closed below the opening price. 24.5% of the time (108 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
62 – 63%	1	0.23%
53 – 54%	1	0.23%
28 – 29%	1	0.23%
21 – 22%	1	0.23%
20 – 21%	1	0.23%
19 – 20%	2	0.45%
15 – 16%	1	0.23%
14 – 15%	1	0.23%
12 – 13%	3	0.68%
11 – 12%	1	0.23%
10 – 11%	4	0.91%
9 – 10%	5	1.13%
8 – 9%	8	1.81%
7 – 8%	2	0.45%
6 – 7%	2	0.45%
5 – 6%	6	1.36%
4 – 5%	22	4.99%
3 – 4%	17	3.85%
2 – 3%	18	4.08%
1 – 2%	16	3.63%
0 – 1%	14	3.17%
0%	108	24.49%
0 – -1%	12	2.72%
-1 – -2%	20	4.54%
-2 – -3%	31	7.03%
-3 – -4%	20	4.54%
-4 – -5%	31	7.03%
-5 – -6%	13	2.95%
-6 – -7%	10	2.27%
-7 – -8%	17	3.85%
-8 – -9%	12	2.72%
-9 – -10%	7	1.59%
-10 – -11%	3	0.68%
-11 – -12%	2	0.45%
-12 – -13%	4	0.91%
-13 – -14%	5	1.13%
-14 – -15%	2	0.45%
-15 – -16%	5	1.13%
-17 – -18%	3	0.68%
-18 – -19%	1	0.23%
-19 – -20%	1	0.23%
-20 – -21%	3	0.68%
-22 – -23%	1	0.23%
-27 – -28%	1	0.23%
-31 – -32%	1	0.23%
-47 – -48%	1	0.23%

Table 3. One-day performance when CERE opened 5% higher than previous close

In the past 441 trading days, CERE opened more than 5% higher than the previous day's closing price 49 times. Of these days, 16.3% (8 days) had closing prices above the opening price, and 67.3% (33 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
62 – 63%	1	2.04%
14 – 15%	1	2.04%
12 – 13%	1	2.04%
11 – 12%	1	2.04%
10 – 11%	2	4.08%
3 – 4%	1	2.04%
2 – 3%	1	2.04%
0%	8	16.33%
0 – -1%	1	2.04%
-1 – -2%	1	2.04%
-2 – -3%	4	8.16%
-4 – -5%	1	2.04%
-5 – -6%	2	4.08%
-7 – -8%	7	14.29%
-8 – -9%	3	6.12%
-9 – -10%	2	4.08%
-10 – -11%	1	2.04%
-11 – -12%	2	4.08%
-13 – -14%	2	4.08%
-15 – -16%	2	4.08%
-19 – -20%	1	2.04%
-20 – -21%	1	2.04%
-27 – -28%	1	2.04%
-31 – -32%	1	2.04%
-47 – -48%	1	2.04%

Table 4. Closing vs. open when CERE opened 4–5% higher

On 32 days, CERE opened 4–5% higher than the previous day's closing price. Of these days, 18.8% (6 days) had closing prices above the opening price, and 62.5% (20 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
12 – 13%	2	6.25%
9 – 10%	1	3.12%
8 – 9%	1	3.12%
4 – 5%	2	6.25%
0%	6	18.75%
-3 – -4%	1	3.12%
-4 – -5%	10	31.25%
-7 – -8%	3	9.38%
-8 – -9%	1	3.12%
-9 – -10%	2	6.25%
-12 – -13%	1	3.12%
-13 – -14%	1	3.12%
-17 – -18%	1	3.12%

Table 5. Closing vs. open when CERE open 3 – 4% higher

19 times CERE opened 3 – 4% higher than the previous day's closing price. Among these days, 5.3% (1 days) closed above the opening price, 68.4% (13 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	5.26%
0%	5	26.32%
-1 – -2%	2	10.53%
-2 – -3%	1	5.26%
-3 – -4%	3	15.79%
-4 – -5%	1	5.26%
-7 – -8%	1	5.26%
-12 – -13%	1	5.26%
-13 – -14%	1	5.26%
-14 – -15%	1	5.26%
-18 – -19%	1	5.26%
-20 – -21%	1	5.26%

Table 6. Closing vs. open when CERE open 2 – 3% higher

30 times CERE opened 2 – 3% higher than the previous day's closing price. Among these days, 36.7% (11 days) closed above the opening price, 53.3% (16 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
53 – 54%	1	3.33%
28 – 29%	1	3.33%
9 – 10%	1	3.33%
8 – 9%	1	3.33%
5 – 6%	1	3.33%
4 – 5%	2	6.67%
1 – 2%	4	13.33%
0%	3	10.00%
0 – -1%	1	3.33%
-1 – -2%	3	10.00%
-2 – -3%	1	3.33%
-3 – -4%	3	10.00%
-5 – -6%	3	10.00%
-6 – -7%	1	3.33%
-7 – -8%	1	3.33%
-8 – -9%	2	6.67%
-17 – -18%	1	3.33%

Table 7. Closing vs. open when CERE open 1 – 2% higher

26 times CERE opened 1 – 2% higher than the previous day's closing price. Among these days, 30.8% (8 days) closed above the opening price, 69.2% (18 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	3.85%
2 – 3%	2	7.69%
1 – 2%	3	11.54%
0 – 1%	2	7.69%
0 – -1%	1	3.85%
-1 – -2%	2	7.69%
-2 – -3%	7	26.92%
-3 – -4%	1	3.85%
-4 – -5%	1	3.85%
-6 – -7%	3	11.54%
-7 – -8%	1	3.85%
-8 – -9%	1	3.85%
-15 – -16%	1	3.85%

Table 8. Periods when CERE moved 15% or more

In this table, we track the price movements in the 20 days after CERE had a one-day price change of at least 15%.

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19
20201028	2,370%	1.2	2.8	20.2	27.4	38.2	41.5	42.9
20150812	116.8%	-7.8	-21.8	-46.6	-41.7	-42.7	-42.7	-46.1
20150527	74.4%	-17.1	-24.9	-26.3	-24.6	-22.2	-25.9	-28.3
20160617	72.7%	2.6	2.6	2.6	2.6	2.6	2.6	5.3
20150507	56.9%	-5.9	-10.7	-30.0	-36.3	-37.8	-12.2	-21.1
20150303	32.3%	17.8	-26.7	-22.2	-13.3	-20.0	-22.2	-22.2
20150929	28%	-15.6	-14.1	-6.3	-10.9	-7.0	-16.4	-20.3
20150316	21.2%	-2.5	-10.0	-12.5	-12.5	-17.5	-12.5	-34.4
20151123	20.4%	-16.9	-20.3	-22.0	-29.7	-37.3	-72.0	-70.3
20160609	19.9%	-16.7	-26.7	30.0	30.0	30.0	30.0	30.0
20150220	19.3%	-10.8	-10.8	21.6	5.4	-8.1	8.1	2.7
20150219	19.2%	19.4	12.9	9.7	45.2	6.5	6.5	19.4
20160523	19%	-12.0	-8.0	-12.0	-8.0	20.0	-8.0	52.0
20150304	17.7%	-15.1	-37.7	-37.7	-30.2	-30.2	-30.2	-37.7
20160126	17.3%	-7.4	-7.4	-7.4	-11.1	-11.1	-3.7	7.4
20150109	16.6%	10.7	-21.4	-25.0	-17.9	-32.1	-28.6	-21.4
20160114	16.6%	-3.6	-10.7	-17.9	-14.3	-10.7	-14.3	-17.9
20160519	15.7%	-4.5	.0	4.5	-9.1	4.5	13.6	.0
20150203	15%	.0	-17.4	4.3	.0	60.9	52.2	47.8
20150211	15%	4.3	.0	60.9	52.2	47.8	95.7	43.5
20150305	-15%	-13.3	-24.4	-11.1	-15.6	-20.0	-20.0	-24.4
20150309	-15.3%	.0	.0	12.1	12.1	12.1	.0	.0
20150930	-15.6%	-4.6	2.8	10.2	3.7	1.9	-.9	-10.2
20150410	-16.3%	-2.9	-10.0	-8.6	-11.0	-14.3	-9.5	28.6
20160610	-16.6%	-12.0	-12.0	56.0	56.0	56.0	56.0	56.0
20151124	-16.9%	-6.1	.0	-13.3	-18.4	-35.7	-65.3	-63.3
20150528	-17%	-2.5	-12.3	-17.7	-8.6	-4.1	-13.6	-15.6
20150114	-17.8%	-4.3	-8.7	.0	-17.4	-13.0	-4.3	-13.0
20150819	-18%	-6.1	-11.4	-13.6	-18.9	-16.7	-14.4	-16.7
20151214	-22.2%	-32.7	-28.6	-28.6	-32.7	-34.7	-32.7	-34.7
20150727	-23.4%	-11.3	-6.5	-19.4	-19.4	53.2	29.8	-11.3
20151215	-32.6%	3.0	9.1	3.0	3.0	-3.0	-6.1	-3.0

Table 8a. CERE average price changes following a 15% up day

Of the 441 trading days from 2015 to 2020, there were 20 days in which CERE was up more than 15%. This table shows the average price changes over the 20 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	-4.0	-12.5	-5.6	-4.8	-3.3	-1.9	-3.4

Table 8b. CERE average price changes following a 15% down day

Of the 441 trading days from 2015 to 2020, there were 12 days in which CERE was down more than -15%. This table shows the average price changes over the 12 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	-7.7	-8.5	-2.6	-5.6	-1.5	-6.7	-9.0

Table 9. Periods when CERE moved 10% or more

In this table, we track the price movements in the 20 days after CERE had a one-day price change of at least 10%.

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20201028	2,370%	1.2	2.8	20.2	27.4	38.2	41.5	42.9
20150812	116.8%	-7.8	-21.8	-46.6	-41.7	-42.7	-42.7	-46.1
20150527	74.4%	-17.1	-24.9	-26.3	-24.6	-22.2	-25.9	-28.3
20160617	72.7%	2.6	2.6	2.6	2.6	2.6	2.6	5.3
20150507	56.9%	-5.9	-10.7	-30.0	-36.3	-37.8	-12.2	-21.1
20150303	32.3%	17.8	-26.7	-22.2	-13.3	-20.0	-22.2	-22.2
20150929	28%	-15.6	-14.1	-6.3	-10.9	-7.0	-16.4	-20.3
20150316	21.2%	-2.5	-10.0	-12.5	-12.5	-17.5	-12.5	-34.4
20151123	20.4%	-16.9	-20.3	-22.0	-29.7	-37.3	-72.0	-70.3
20160609	19.9%	-16.7	-26.7	30.0	30.0	30.0	30.0	30.0
20150220	19.3%	-10.8	-10.8	21.6	5.4	-8.1	8.1	2.7
20150219	19.2%	19.4	12.9	9.7	45.2	6.5	6.5	19.4
20160523	19%	-12.0	-8.0	-12.0	-8.0	20.0	-8.0	52.0
20150304	17.7%	-15.1	-37.7	-37.7	-30.2	-30.2	-30.2	-37.7
20160126	17.3%	-7.4	-7.4	-7.4	-11.1	-11.1	-3.7	7.4
20150109	16.6%	10.7	-21.4	-25.0	-17.9	-32.1	-28.6	-21.4
20160114	16.6%	-3.6	-10.7	-17.9	-14.3	-10.7	-14.3	-17.9
20160519	15.7%	-4.5	.0	4.5	-9.1	4.5	13.6	.0
20150203	15%	.0	-17.4	4.3	.0	60.9	52.2	47.8
20150211	15%	4.3	.0	60.9	52.2	47.8	95.7	43.5
20160330	13.6%	-12.0	-8.0	-12.0	-8.0	-8.0	.0	.0
20150218	13%	19.2	38.5	30.8	103.8	26.9	34.6	50.0
20150504	12.4%	-5.3	33.7	26.8	-.5	-9.5	-11.6	24.7
20150825	11.4%	2.6	.9	.9	-5.1	-4.3	-5.1	-5.1
20201207	11.2%
20150112	10.7%	-9.7	-25.8	-32.3	-32.3	-38.7	-25.8	-35.5
20150903	10.2%	-6.8	-5.9	-5.9	-5.9	-6.8	-8.5	-8.5
20160225	-10.3%	-3.8	.0	7.7	3.8	3.8	.0	-3.8
20150814	-10.5%	-8.2	-27.1	-31.2	-32.9	-37.1	-35.3	-33.5
20150223	-10.8%	9.1	3.0	60.6	.0	6.1	18.2	9.1
20160119	-11.1%	4.2	-4.2	.0	4.2	.0	-4.2	.0
20150728	-11.2%	4.5	.9	-9.1	-13.6	54.5	20.0	-4.5
20150821	-11.2%	-4.5	6.4	-2.7	.0	.9	.9	.9
20160331	-12%	4.5	.0	4.5	4.5	9.1	4.5	18.2
20160524	-12%	.0	4.5	-9.1	4.5	13.6	.0	77.3
20160613	-12%	4.5	72.7	77.3	77.3	77.3	77.3	81.8
20160112	-12.4%	-14.3	-3.6	-14.3	-3.6	-14.3	-14.3	-14.3
20150409	-12.8%	-16.3	-24.7	-25.5	-27.5	-29.5	-32.7	-31.5
20150306	-13.3%	-15.4	-10.3	.0	-7.7	-10.3	-10.3	-15.4
20150514	-14.1%	-5.8	-14.0	-17.9	17.4	6.3	4.3	6.8
20160113	-14.2%	16.7	.0	.0	4.2	4.2	4.2	.0
20151211	-14.8%	-22.2	-46.0	-44.4	-46.0	-46.0	-46.0	-50.8
20150305	-15%	-13.3	-24.4	-11.1	-15.6	-20.0	-20.0	-24.4
20150309	-15.3%	.0	.0	12.1	12.1	12.1	.0	.0
20150930	-15.6%	-4.6	2.8	10.2	3.7	1.9	-.9	-10.2
20150410	-16.3%	-2.9	-10.0	-8.6	-11.0	-14.3	-9.5	28.6
20160610	-16.6%	-12.0	-12.0	56.0	56.0	56.0	56.0	56.0
20151124	-16.9%	-6.1	.0	-13.3	-18.4	-35.7	-65.3	-63.3
20150528	-17%	-2.5	-12.3	-17.7	-8.6	-4.1	-13.6	-15.6
20150114	-17.8%	-4.3	-8.7	.0	-17.4	-13.0	-4.3	-13.0
20150819	-18%	-6.1	-11.4	-13.6	-18.9	-16.7	-14.4	-16.7
20151214	-22.2%	-32.7	-28.6	-28.6	-32.7	-34.7	-32.7	-34.7
20150727	-23.4%	-11.3	-6.5	-19.4	-19.4	53.2	29.8	-11.3
20151215	-32.6%	3.0	9.1	3.0	3.0	-3.0	-6.1	-3.0

Table 9a. CERE average price changes following a 10% up day

Of the 441 trading days from 2015 to 2020, there were 27 days in which CERE was up more than 10%. This table shows the average price changes over the 27 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-3.6	-8.1	-3.8	-1.7	-3.9	-2.0	-1.6

Table 9b. CERE average price changes following a 10% down day

Of the 441 trading days from 2015 to 2020, there were 27 days in which CERE was down more than -10%. This table shows the average price changes over the 27 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	-5.2	-5.3	-1.3	-3.1	.8	-3.5	-2.5

Table 10. Periods when CERE moved 5% or more

In this table, we track the price movements in the 20 days after CERE had a one-day price change of at least 5%.

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20201028	2,370%	1.2	2.8	20.2	27.4	38.2	41.5	42.9
20150812	116.8%	-7.8	-21.8	-46.6	-41.7	-42.7	-42.7	-46.1
20150527	74.4%	-17.1	-24.9	-26.3	-24.6	-22.2	-25.9	-28.3
20160617	72.7%	2.6	2.6	2.6	2.6	2.6	2.6	5.3
20150507	56.9%	-5.9	-10.7	-30.0	-36.3	-37.8	-12.2	-21.1
20150303	32.3%	17.8	-26.7	-22.2	-13.3	-20.0	-22.2	-22.2
20150929	28%	-15.6	-14.1	-6.3	-10.9	-7.0	-16.4	-20.3
20150316	21.2%	-2.5	-10.0	-12.5	-12.5	-17.5	-12.5	-34.4
20151123	20.4%	-16.9	-20.3	-22.0	-29.7	-37.3	-72.0	-70.3
20160609	19.9%	-16.7	-26.7	30.0	30.0	30.0	30.0	30.0
20150220	19.3%	-10.8	-10.8	21.6	5.4	-8.1	8.1	2.7
20150219	19.2%	19.4	12.9	9.7	45.2	6.5	6.5	19.4
20160523	19%	-12.0	-8.0	-12.0	-8.0	20.0	-8.0	52.0
20150304	17.7%	-15.1	-37.7	-37.7	-30.2	-30.2	-30.2	-37.7
20160126	17.3%	-7.4	-7.4	-7.4	-11.1	-11.1	-3.7	7.4
20150109	16.6%	10.7	-21.4	-25.0	-17.9	-32.1	-28.6	-21.4
20160114	16.6%	-3.6	-10.7	-17.9	-14.3	-10.7	-14.3	-17.9
20160519	15.7%	-4.5	.0	4.5	-9.1	4.5	13.6	.0
20150203	15%	.0	-17.4	4.3	.0	60.9	52.2	47.8
20150211	15%	4.3	.0	60.9	52.2	47.8	95.7	43.5
20160330	13.6%	-12.0	-8.0	-12.0	-8.0	-8.0	.0	.0
20150218	13%	19.2	38.5	30.8	103.8	26.9	34.6	50.0
20150504	12.4%	-5.3	33.7	26.8	-.5	-9.5	-11.6	24.7
20150825	11.4%	2.6	.9	.9	-5.1	-4.3	-5.1	-5.1
20201207	11.2%
20150112	10.7%	-9.7	-25.8	-32.3	-32.3	-38.7	-25.8	-35.5
20150903	10.2%	-6.8	-5.9	-5.9	-5.9	-6.8	-8.5	-8.5
20150122	9.5%	.0	-17.4	-13.0	-4.3	-13.0	4.3	13.0
20160606	9.5%	.0	8.7	-4.3	69.6	69.6	69.6	69.6
20150224	9%	-2.8	-5.6	25.0	-8.3	-8.3	2.8	2.8
20160425	8.6%	.0	.0	-4.0	-12.0	-28.0	-24.0	-16.0
20160608	8.6%	20.0	-8.0	52.0	56.0	56.0	56.0	56.0
20150102	8.3%	.0	-7.7	7.7	-11.5	-19.2	-19.2	-26.9
20160217	8.3%	7.7	19.2	-3.8	.0	7.7	3.8	3.8
20201112	8.3%	3.5	6.6	19.5	17.7	24.3	30.1	35.8
20150609	8%	2.3	5.6	.5	-2.8	-4.2	-14.4	-15.7
20151005	7.8%	.9	8.2	1.8	.0	-2.7	-11.8	-11.8
20160218	7.6%	-3.6	3.6	-10.7	-10.7	-7.1	.0	-3.6
20160307	7.6%	-7.1	.0	-3.6	-7.1	-14.3	-21.4	-17.9
20160222	7.4%	6.9	-13.8	-10.3	-3.4	-6.9	-6.9	-10.3
20150714	6.8%	.5	-7.4	-13.9	-45.5	-42.6	-50.5	-50.5
20160223	6.8%	-6.5	-19.4	-19.4	-16.1	-9.7	-12.9	-16.1
20160104	6.2%	-2.9	-5.9	-29.4	-20.6	-29.4	-20.6	-29.4
20150407	6%	2.9	-27.1	-32.5	-31.4	-33.2	-35.7	-32.1
20150326	5.7%	-2.7	-8.1	-10.8	-15.2	-35.1	-35.8	-40.5
20160513	5.5%	.0	15.8	15.8	21.1	15.8	21.1	57.9
20201120	5.4%
20150130	5.2%	.0	10.0	.0	20.0	30.0	65.0	65.0
20150210	5.2%	15.0	20.0	55.0	80.0	70.0	165.0	65.0
20151102	5.1%	2.0	-2.9	-8.8	-8.8	-5.9	-3.9	-7.8
20150209	-5%	5.3	26.3	36.8	73.7	73.7	136.8	105.3
20150811	-5%	116.8	64.2	30.5	23.2	20.0	12.6	15.8
20151209	-5%	-2.6	-56.6	-53.9	-53.9	-56.6	-57.9	-56.6
20160511	-5%	-5.3	.0	10.5	15.8	21.1	5.3	21.1
20150318	-5.1%	2.7	-2.7	-2.7	-8.1	-10.8	-15.2	-35.1
20150701	-5.1%	-2.7	-1.6	-2.2	9.7	1.1	-5.9	-40.5
20151111	-5.1%	-1.1	2.2	5.4	-1.1	5.4	-8.6	-14.0
20151201	-5.1%	-1.1	-10.8	-20.4	-64.5	-62.4	-62.4	-64.5
20150320	-5.2%	2.8	2.8	-8.3	-8.3	.0	-29.2	-34.4
20150505	-5.2%	-4.4	37.8	15.0	.6	-5.6	62.8	21.1
20150618	-5.2%	-3.2	-5.5	-9.2	-17.1	-16.1	-16.6	-6.5
20160512	-5.2%	5.6	5.6	38.9	22.2	22.2	16.7	38.9
20151021	-5.3%	.0	-9.3	-9.3	-2.8	-9.3	-14.0	-11.2
20150430	-5.5%	-.6	1.2	45.9	21.8	6.5	.0	72.4
20150720	-5.5%	-1.6	-13.4	-38.5	-40.6	-46.5	-49.2	-9.1
20151207	-5.6%	-3.6	-24.1	-59.0	-56.6	-59.0	-59.0	-61.4
20150226	-5.7%	3.0	60.6	.0	6.1	18.2	9.1	6.1
20150313	-5.7%	21.2	15.2	9.1	9.1	3.0	.0	-4.9
20150331	-5.7%	3.0	.0	-4.9	-27.3	-28.0	-33.3	-30.7
20150515	-5.7%	-3.1	-11.8	-13.8	21.5	9.2	2.6	13.8
20150414	-5.8%	-1.6	-2.6	-5.2	-7.8	-12.0	-10.4	29.2
20151231	-5.8%	.0	-3.1	.0	-12.5	-25.0	-25.0	-21.9
20150508	-5.9%	-2.4	-18.5	-28.7	-33.1	15.4	-14.2	-15.7
20150820	-6%	-11.3	-3.2	-4.8	-4.8	-10.5	-9.7	-10.5
20160106	-6%	.0	-9.7	-12.9	-19.4	-25.8	-22.6	-19.4
20151125	-6.1%	.0	1.1	-4.3	-17.4	-46.7	-63.0	-62.0
20160224	-6.4%	-10.3	-13.8	-10.3	-10.3	-10.3	-10.3	-6.9
20201208	-6.5%
20150904	-6.7%	.0	2.7	.0	.0	-.9	-9.1	-6.4
20150724	-6.8%	-23.5	-27.2	-32.1	-40.1	27.2	-3.7	-23.5
20150513	-6.9%	-14.1	-24.9	-29.5	21.6	-9.5	-11.2	-10.4
20160308	-7.1%	.0	.0	.0	3.8	-7.7	-3.8	-11.5
20160314	-7.1%	3.8	.0	-3.8	-7.7	-15.4	-11.5	-15.4
20150107	-7.4%	-4.0	12.0	-8.0	-16.0	-16.0	-24.0	-8.0
20150608	-7.4%	8.0	12.5	14.5	1.5	3.5	-2.5	-10.0
20150928	-7.4%	28.0	2.0	15.0	16.0	14.0	13.0	6.0
20160127	-7.4%	-4.0	.0	-4.0	-8.0	-4.0	12.0	24.0
20160323	-7.4%	-4.0	-12.0	-8.0	-12.0	-8.0	-8.0	-4.0
20151019	-7.5%	2.7	-3.6	-12.7	-7.3	-9.1	-10.9	-17.3
20151203	-7.6%	3.5	-10.6	-42.4	-60.0	-58.8	-60.0	-60.0
20160504	-7.6%	.0	-16.7	-20.8	-20.8	4.2	-8.3	-8.3
20150813	-7.7%	-10.5	-30.5	-44.7	-38.4	-43.7	-42.1	-41.6
20160422	-7.9%	8.7	13.0	13.0	4.3	-17.4	-17.4	-4.3
20150601	-8%	.9	-.9	1.4	4.6	-.5	-3.7	-5.0
20150817	-8.2%	3.2	-29.5	-23.1	-24.4	-24.4	-28.8	-28.2
20150422	-8.3%	3.4	.6	-4.0	-2.3	40.9	17.6	2.8
20160329	-8.3%	13.6	4.5	.0	4.5	4.5	9.1	13.6
20160509	-8.3%	-9.1	-13.6	-13.6	13.6	.0	.0	-4.5
20150120	-8.6%	.0	.0	-9.5	9.5	-4.8	9.5	14.3
20150126	-8.6%	.0	-4.8	9.5	-9.5	14.3	9.5	76.2
20150206	-9%	-5.0	20.0	15.0	85.0	75.0	70.0	125.0
20150805	-9%	.0	-5.0	70.0	32.0	5.0	17.0	7.0
20160510	-9%	-5.0	-5.0	10.0	10.0	15.0	10.0	15.0
20160602	-9%	5.0	25.0	10.0	10.0	95.0	95.0	95.0
20150901	-9.3%	.0	2.8	5.6	2.8	2.8	1.9	-6.5
20150128	-9.5%	.0	21.1	5.3	21.1	26.3	63.2	89.5
20150113	-9.6%	-17.9	-17.9	-17.9	-25.0	-28.6	-17.9	-32.1
20160225	-10.3%	-3.8	.0	7.7	3.8	3.8	.0	-3.8
20150814	-10.5%	-8.2	-27.1	-31.2	-32.9	-37.1	-35.3	-33.5
20150223	-10.8%	9.1	3.0	60.6	.0	6.1	18.2	9.1
20160119	-11.1%	4.2	-4.2	.0	4.2	.0	-4.2	.0
20150728	-11.2%	4.5	.9	-9.1	-13.6	54.5	20.0	-4.5
20150821	-11.2%	-4.5	6.4	-2.7	.0	.9	.9	.9
20160331	-12%	4.5	.0	4.5	4.5	9.1	4.5	18.2
20160524	-12%	.0	4.5	-9.1	4.5	13.6	.0	77.3
20160613	-12%	4.5	72.7	77.3	77.3	77.3	77.3	81.8
20160112	-12.4%	-14.3	-3.6	-14.3	-3.6	-14.3	-14.3	-14.3
20150409	-12.8%	-16.3	-24.7	-25.5	-27.5	-29.5	-32.7	-31.5
20150306	-13.3%	-15.4	-10.3	.0	-7.7	-10.3	-10.3	-15.4
20150514	-14.1%	-5.8	-14.0	-17.9	17.4	6.3	4.3	6.8
20160113	-14.2%	16.7	.0	.0	4.2	4.2	4.2	.0
20151211	-14.8%	-22.2	-46.0	-44.4	-46.0	-46.0	-46.0	-50.8
20150305	-15%	-13.3	-24.4	-11.1	-15.6	-20.0	-20.0	-24.4
20150309	-15.3%	.0	.0	12.1	12.1	12.1	.0	.0
20150930	-15.6%	-4.6	2.8	10.2	3.7	1.9	-.9	-10.2
20150410	-16.3%	-2.9	-10.0	-8.6	-11.0	-14.3	-9.5	28.6
20160610	-16.6%	-12.0	-12.0	56.0	56.0	56.0	56.0	56.0
20151124	-16.9%	-6.1	.0	-13.3	-18.4	-35.7	-65.3	-63.3
20150528	-17%	-2.5	-12.3	-17.7	-8.6	-4.1	-13.6	-15.6
20150114	-17.8%	-4.3	-8.7	.0	-17.4	-13.0	-4.3	-13.0
20150819	-18%	-6.1	-11.4	-13.6	-18.9	-16.7	-14.4	-16.7
20151214	-22.2%	-32.7	-28.6	-28.6	-32.7	-34.7	-32.7	-34.7
20150727	-23.4%	-11.3	-6.5	-19.4	-19.4	53.2	29.8	-11.3
20151215	-32.6%	3.0	9.1	3.0	3.0	-3.0	-6.1	-3.0

Table 10a. CERE average price changes following a 5% up day

Of the 441 trading days from 2015 to 2020, there were 50 days in which CERE was up more than 5%. This table shows the average price changes over the 50 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-1.2	-4.8	-1.7	.7	-1.5	2.1	.9

Table 10b. CERE average price changes following a 5% down day

Of the 441 trading days from 2015 to 2020, there were 84 days in which CERE was down more than -5%. This table shows the average price changes over the 84 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-.6	-2.4	-2.8	-3.5	-1.5	-3.5	-.9

28 stocks with statistics: AAPL, AMD, AMZN, APPN, AZN, BA, BAC, BIIB, CRM, CSCO, CX, DIS, FB, GE, GM, GOOG, IBM, INTC, JPM, JPM, MSFT, MU, NFLX, O, QQQ, SPY, T, TSLA,

Also see: VIX price movement study.