Statistics of Price Movements of Freedom 100 Emerging Markets ETF (FRDM)

The price movements of Freedom 100 Emerging Markets ETF (ticker FRDM) 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 FRDM 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 FRDM had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after FRDM moved 5% with twice the 30-day average volume

The statistics are calculated using FRDM's price data across 406 trading days from 2019 to 2020.

Table 1. Statistics of FRDM 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 406 trading days, 54.8% of the time (222 days), FRDM closed above the previous day's closing price. 42.2% of the time (171 days), it closed below the previous day's closing price. 3.0% of the time (12 days), it did not change.

Also see: VIX price movement study.

FRDM Price Change (%) Number of Days % of Total Sessions
6 – 7% 2
0.49%
5 – 6% 1
0.25%
4 – 5% 3
0.74%
3 – 4% 7
1.73%
2 – 3% 24
5.93%
1 – 2% 47
11.60%
0 – 1% 138
34.07%
0% 12
2.96%
0 – -1% 106
26.17%
-1 – -2% 40
9.88%
-2 – -3% 13
3.21%
-3 – -4% 2
0.49%
-4 – -5% 3
0.74%
-5 – -6% 2
0.49%
-6 – -7% 2
0.49%
-11 – -12% 3
0.74%

Table 2. Statistics of FRDM: 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 FRDM.

45.8% of the time (186 days), FRDM closed above the opening price. 50.0% of the time (203 days), it closed below the opening price. 4.2% of the time (17 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 6
1.48%
1 – 2% 24
5.91%
0 – 1% 156
38.42%
0% 17
4.19%
0 – -1% 167
41.13%
-1 – -2% 27
6.65%
-2 – -3% 6
1.48%
-3 – -4% 1
0.25%
-4 – -5% 1
0.25%
-9 – -10% 1
0.25%

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

In the past 406 trading days, FRDM opened more than 5% higher than the previous day's closing price 5 times. Of these days, 20.0% (1 days) had closing prices above the opening price, and 80.0% (4 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
0 – 1% 1
20.00%
-1 – -2% 2
40.00%
-2 – -3% 1
20.00%
-9 – -10% 1
20.00%

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

On 2 days, FRDM opened 4–5% higher than the previous day's closing price. Of these days, 0.0% (0 days) had closing prices above the opening price, and 100.0% (2 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
-2 – -3% 1
50.00%
-4 – -5% 1
50.00%

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

3 times FRDM opened 3 – 4% higher than the previous day's closing price. Among these days, 33.3% (1 days) closed above the opening price, 66.7% (2 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
0 – 1% 1
33.33%
0 – -1% 2
66.67%

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

16 times FRDM opened 2 – 3% higher than the previous day's closing price. Among these days, 31.3% (5 days) closed above the opening price, 68.8% (11 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
1 – 2% 1
6.25%
0 – 1% 4
25.00%
0 – -1% 8
50.00%
-1 – -2% 2
12.50%
-2 – -3% 1
6.25%

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

53 times FRDM opened 1 – 2% higher than the previous day's closing price. Among these days, 47.2% (25 days) closed above the opening price, 52.8% (28 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 2
3.77%
1 – 2% 3
5.66%
0 – 1% 20
37.74%
0 – -1% 23
43.40%
-1 – -2% 4
7.55%
-2 – -3% 1
1.89%

Table 8. Periods when FRDM moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when FRDM moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
20200312-11.1% 5.6 -14.2 -14.8 -.7 -2.9 -5.4 2.2
20200318-11.4% 2.1 5.9 8.6 7.4 17.0 19.5 23.1
20200316-11.6% 3.9 -3.9 1.7 2.2 2.1 8.4 9.9

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

Of the 406 trading days from 2019 to 2020, there were 3 days in which FRDM was down more than -10%. This table shows the average price changes over the 3 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -10% 3.9 -4.1 -1.5 3.0 5.4 7.5 11.8

Table 10. Periods when FRDM moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
202003246.6% 4.4 5.0 4.8 11.3 12.9 13.8 14.6
202004066.1% .7 2.2 3.0 3.8 3.6 5.8 4.7
202003135.6% -11.7 -17.0 -14.0 -11.8 -12.8 -4.9 -2.9
20200323-5% 6.7 9.4 8.2 17.9 20.4 24.0 24.3
20200401-5% 3.4 9.7 11.3 12.3 13.0 12.8 15.2
20200327-6% 2.3 2.2 8.5 10.0 11.0 11.8 11.6
20200309-6.1% 2.7 -8.3 -25.5 -26.1 -13.8 -15.7 -17.9
20200312-11.1% 5.6 -14.2 -14.8 -.7 -2.9 -5.4 2.2
20200318-11.4% 2.1 5.9 8.6 7.4 17.0 19.5 23.1
20200316-11.6% 3.9 -3.9 1.7 2.2 2.1 8.4 9.9

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

Of the 406 trading days from 2019 to 2020, there were 3 days in which FRDM was up more than 5%. This table shows the average price changes over the 3 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% -2.2 -3.3 -2.0 1.1 1.2 4.9 5.5

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

Of the 406 trading days from 2019 to 2020, there were 7 days in which FRDM was down more than -5%. This table shows the average price changes over the 7 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -5% 3.8 .1 -.3 3.3 6.7 7.9 9.8

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Also see: VIX price movement study.