Statistics of Price Movements of Gamco Global Gold Natural Resources (GGN)

The price movements of Gamco Global Gold Natural Resources (ticker GGN) 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 GGN 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 GGN had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after GGN moved 5% with twice the 30-day average volume

The statistics are calculated using GGN's price data across 1,551 trading days from 2015 to 2020.

Table 1. Statistics of GGN 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 1,551 trading days, 45.0% of the time (697 days), GGN closed above the previous day's closing price. 44.5% of the time (690 days), it closed below the previous day's closing price. 10.5% of the time (163 days), it did not change.

Also see: VIX price movement study.

GGN Price Change (%) Number of Days % of Total Sessions
14 – 15% 1
0.06%
9 – 10% 1
0.06%
8 – 9% 1
0.06%
7 – 8% 3
0.19%
6 – 7% 5
0.32%
5 – 6% 6
0.39%
4 – 5% 10
0.65%
3 – 4% 21
1.35%
2 – 3% 52
3.35%
1 – 2% 175
11.29%
0 – 1% 422
27.23%
0% 163
10.52%
0 – -1% 417
26.90%
-1 – -2% 158
10.19%
-2 – -3% 62
4.00%
-3 – -4% 26
1.68%
-4 – -5% 8
0.52%
-5 – -6% 4
0.26%
-6 – -7% 3
0.19%
-7 – -8% 5
0.32%
-8 – -9% 4
0.26%
-9 – -10% 1
0.06%
-15 – -16% 1
0.06%
-21 – -22% 1
0.06%

Table 2. Statistics of GGN: 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 GGN.

40.0% of the time (621 days), GGN closed above the opening price. 47.8% of the time (742 days), it closed below the opening price. 12.1% of the time (188 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
13 – 14% 1
0.06%
12 – 13% 1
0.06%
8 – 9% 1
0.06%
6 – 7% 2
0.13%
5 – 6% 3
0.19%
4 – 5% 11
0.71%
3 – 4% 16
1.03%
2 – 3% 41
2.64%
1 – 2% 129
8.32%
0 – 1% 416
26.82%
0% 188
12.12%
0 – -1% 477
30.75%
-1 – -2% 177
11.41%
-2 – -3% 53
3.42%
-3 – -4% 16
1.03%
-4 – -5% 7
0.45%
-5 – -6% 7
0.45%
-7 – -8% 2
0.13%
-8 – -9% 1
0.06%
-9 – -10% 1
0.06%
-15 – -16% 1
0.06%

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

In the past 1,551 trading days, GGN opened more than 5% higher than the previous day's closing price 5 times. Of these days, 40.0% (2 days) had closing prices above the opening price, and 40.0% (2 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 1
20.00%
0 – 1% 1
20.00%
0% 1
20.00%
0 – -1% 1
20.00%
-3 – -4% 1
20.00%

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

On 3 days, GGN 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% (3 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
0 – -1% 1
33.33%
-1 – -2% 1
33.33%
-3 – -4% 1
33.33%

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

4 times GGN opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (2 days) closed above the opening price, 50.0% (2 days) closed below the opening price.

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

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

14 times GGN opened 2 – 3% higher than the previous day's closing price. Among these days, 71.4% (10 days) closed above the opening price, 28.6% (4 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
6 – 7% 1
7.14%
4 – 5% 4
28.57%
1 – 2% 2
14.29%
0 – 1% 3
21.43%
0 – -1% 2
14.29%
-1 – -2% 1
7.14%
-3 – -4% 1
7.14%

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

94 times GGN opened 1 – 2% higher than the previous day's closing price. Among these days, 41.5% (39 days) closed above the opening price, 55.3% (52 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
5 – 6% 1
1.06%
4 – 5% 1
1.06%
3 – 4% 4
4.26%
2 – 3% 4
4.26%
1 – 2% 9
9.57%
0 – 1% 20
21.28%
0% 3
3.19%
0 – -1% 31
32.98%
-1 – -2% 13
13.83%
-2 – -3% 5
5.32%
-3 – -4% 2
2.13%
-5 – -6% 1
1.06%

Table 8. Periods when GGN moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619
20200312-15.5% 4.8 -24.0 -8.9 14.8 .4 8.1 14.7
20200318-21.6% 9.7 37.9 40.8 31.6 48.1 62.1 67.5

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

Of the 1,551 trading days from 2015 to 2020, there were 2 days in which GGN was down more than -15%. This table shows the average price changes over the 2 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -15% 7.3 6.9 16.0 23.2 24.2 35.1 41.1

Table 9. Periods when GGN moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
2020032414.9% 1.1 -2.5 2.5 3.9 17.6 12.0 7.0
20200312-15.5% 4.8 -24.0 -8.9 14.8 .4 8.1 14.7
20200318-21.6% 9.7 37.9 40.8 31.6 48.1 62.1 67.5

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

Of the 1,551 trading days from 2015 to 2020, there were 1 days in which GGN was up more than 10%. This table shows the average price changes over the 1 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 10% 1.1 -2.5 2.5 3.9 17.6 12.0 7.0

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

Of the 1,551 trading days from 2015 to 2020, there were 2 days in which GGN was down more than -10%. This table shows the average price changes over the 2 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -10% 7.3 6.9 16.0 23.2 24.2 35.1 41.1

Table 10. Periods when GGN moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
2020032414.9% 1.1 -2.5 2.5 3.9 17.6 12.0 7.0
202003199.7% 6.6 27.0 22.6 28.8 30.5 47.8 40.7
202003268.3% -6.8 -12.9 -1.9 7.4 10.9 3.9 2.6
202004097.4% .0 -4.8 -9.0 .0 .0 .3 -1.2
201611157.3% .0 -1.2 -.3 -1.2 .3 -3.0 -6.1
202004027.3% .7 6.8 21.0 8.9 4.8 16.5 16.8
201604196.6% -4.7 -4.4 .3 1.5 -2.7 -3.0 -5.8
202003206.6% 2.5 29.0 12.9 21.6 29.0 46.1 31.5
201602036.5% 3.8 -.9 2.2 3.5 6.4 10.8 11.3
202003026.4% 1.6 -.3 -15.3 -31.4 -40.4 -25.1 -23.5
201604116.3% 4.1 1.5 6.3 6.6 11.9 13.2 8.6
201508125.3% -4.3 -6.1 -3.5 -12.0 -7.7 -9.9 -9.4
202004085.3% 7.4 11.0 3.9 2.6 6.5 7.8 8.4
202004135.3% -2.0 -8.2 -9.4 -6.0 -4.8 -4.3 -.9
201602115.2% .4 1.7 4.6 8.9 9.3 17.6 16.1
201603165.2% -.2 .4 -3.2 -.4 -1.6 -.9 12.7
201601265% .5 5.0 11.9 6.9 10.2 11.7 14.8
20160504-5.1% .0 -1.5 -2.0 -3.2 -4.3 -3.2 -3.5
20200611-5.2% 3.4 .3 3.7 2.4 4.9 4.6 7.9
20161004-5.3% 1.7 1.8 2.2 1.2 3.3 1.7 1.2
20200420-5.8% .3 11.5 11.8 9.5 12.5 12.2 10.9
20160209-6.2% -2.4 3.1 7.6 8.5 10.9 14.0 23.4
20151214-6.3% 1.8 2.2 5.3 4.4 4.4 10.1 10.5
20200327-6.7% -4.5 .3 1.7 15.2 9.7 4.8 15.2
20200311-7.2% -15.6 -18.1 -24.9 -10.6 -13.7 -9.3 -8.1
20150720-7.3% -.7 -3.3 -1.3 -4.0 -2.7 .0 -1.6
20160112-7.5% -4.7 -7.4 -12.6 -5.2 -2.7 2.3 8.1
20200415-7.8% -.3 -4.1 6.6 6.9 4.7 7.5 7.2
20200309-7.9% -.6 -18.4 -40.8 -29.0 -10.6 -21.8 -15.8
20150824-8.1% 1.6 4.5 1.4 .8 1.0 -1.2 2.7
20200227-8.2% -3.5 6.2 -5.7 -26.6 -28.7 -34.7 -22.2
20200316-8.4% 1.2 -7.3 10.4 6.5 11.9 13.5 28.5
20160119-8.5% .5 6.7 14.4 13.3 26.1 16.8 23.5
20161111-9.1% -4.0 2.5 5.0 1.8 1.4 2.3 -4.1
20200312-15.5% 4.8 -24.0 -8.9 14.8 .4 8.1 14.7
20200318-21.6% 9.7 37.9 40.8 31.6 48.1 62.1 67.5

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

Of the 1,551 trading days from 2015 to 2020, there were 17 days in which GGN was up more than 5%. This table shows the average price changes over the 17 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% .6 2.4 2.7 2.9 4.7 8.3 7.3

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

Of the 1,551 trading days from 2015 to 2020, there were 19 days in which GGN was down more than -5%. This table shows the average price changes over the 19 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -5% -.6 -.4 .8 2.0 4.0 4.7 8.7

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Also see: VIX price movement study.