Statistics of Price Movements of Gran Tierra Energy Inc (GTE)

The price movements of Gran Tierra Energy Inc (ticker GTE) 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 GTE 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 GTE had a big price move
• Table 11. Statistics of daily price changes in the 20 days after GTE moved 5% with twice the 30-day average volume

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

Table 1. Statistics of GTE 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, 42.7% of the time (662 days), GTE closed above the previous day's closing price. 48.5% of the time (752 days), it closed below the previous day's closing price. 8.8% of the time (136 days), it did not change.

Also see: VIX price movement study.

GTE Price Change (%)	Number of Days	% of Total Sessions
38 – 39%	1	0.06%
33 – 34%	1	0.06%
31 – 32%	1	0.06%
27 – 28%	1	0.06%
25 – 26%	1	0.06%
22 – 23%	1	0.06%
20 – 21%	1	0.06%
17 – 18%	1	0.06%
15 – 16%	1	0.06%
14 – 15%	1	0.06%
13 – 14%	1	0.06%
12 – 13%	4	0.26%
11 – 12%	6	0.39%
10 – 11%	5	0.32%
9 – 10%	6	0.39%
8 – 9%	5	0.32%
7 – 8%	20	1.29%
6 – 7%	25	1.61%
5 – 6%	35	2.26%
4 – 5%	46	2.97%
3 – 4%	74	4.77%
2 – 3%	118	7.61%
1 – 2%	156	10.06%
0 – 1%	151	9.74%
0%	136	8.77%
0 – -1%	169	10.90%
-1 – -2%	185	11.94%
-2 – -3%	128	8.26%
-3 – -4%	90	5.81%
-4 – -5%	66	4.26%
-5 – -6%	48	3.10%
-6 – -7%	31	2.00%
-7 – -8%	11	0.71%
-8 – -9%	7	0.45%
-9 – -10%	2	0.13%
-10 – -11%	4	0.26%
-11 – -12%	2	0.13%
-12 – -13%	2	0.13%
-13 – -14%	1	0.06%
-15 – -16%	1	0.06%
-16 – -17%	1	0.06%
-21 – -22%	1	0.06%
-22 – -23%	1	0.06%
-34 – -35%	1	0.06%
-43 – -44%	1	0.06%

Table 2. Statistics of GTE: 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 GTE.

39.1% of the time (606 days), GTE closed above the opening price. 50.6% of the time (785 days), it closed below the opening price. 10.3% of the time (160 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
27 – 28%	1	0.06%
16 – 17%	1	0.06%
15 – 16%	2	0.13%
12 – 13%	1	0.06%
11 – 12%	3	0.19%
10 – 11%	1	0.06%
9 – 10%	7	0.45%
8 – 9%	7	0.45%
7 – 8%	14	0.90%
6 – 7%	21	1.35%
5 – 6%	35	2.26%
4 – 5%	39	2.51%
3 – 4%	71	4.58%
2 – 3%	95	6.13%
1 – 2%	133	8.58%
0 – 1%	175	11.28%
0%	160	10.32%
0 – -1%	188	12.12%
-1 – -2%	189	12.19%
-2 – -3%	123	7.93%
-3 – -4%	125	8.06%
-4 – -5%	58	3.74%
-5 – -6%	42	2.71%
-6 – -7%	19	1.23%
-7 – -8%	10	0.64%
-8 – -9%	10	0.64%
-9 – -10%	2	0.13%
-10 – -11%	5	0.32%
-11 – -12%	2	0.13%
-12 – -13%	4	0.26%
-13 – -14%	1	0.06%
-14 – -15%	2	0.13%
-15 – -16%	2	0.13%
-18 – -19%	1	0.06%
-19 – -20%	1	0.06%
-26 – -27%	1	0.06%

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

In the past 1,551 trading days, GTE opened more than 5% higher than the previous day's closing price 53 times. Of these days, 32.1% (17 days) had closing prices above the opening price, and 67.9% (36 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
16 – 17%	1	1.89%
15 – 16%	2	3.77%
11 – 12%	1	1.89%
9 – 10%	1	1.89%
6 – 7%	1	1.89%
4 – 5%	1	1.89%
3 – 4%	2	3.77%
2 – 3%	2	3.77%
1 – 2%	3	5.66%
0 – 1%	3	5.66%
0 – -1%	3	5.66%
-1 – -2%	1	1.89%
-2 – -3%	2	3.77%
-3 – -4%	6	11.32%
-4 – -5%	4	7.55%
-5 – -6%	3	5.66%
-6 – -7%	2	3.77%
-7 – -8%	3	5.66%
-8 – -9%	2	3.77%
-9 – -10%	1	1.89%
-10 – -11%	1	1.89%
-11 – -12%	1	1.89%
-12 – -13%	3	5.66%
-14 – -15%	2	3.77%
-15 – -16%	2	3.77%

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

On 21 days, GTE opened 4–5% higher than the previous day's closing price. Of these days, 33.3% (7 days) had closing prices above the opening price, and 66.7% (14 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	1	4.76%
8 – 9%	1	4.76%
2 – 3%	3	14.29%
0 – 1%	2	9.52%
0 – -1%	2	9.52%
-1 – -2%	3	14.29%
-3 – -4%	5	23.81%
-4 – -5%	1	4.76%
-6 – -7%	1	4.76%
-7 – -8%	1	4.76%
-8 – -9%	1	4.76%

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

44 times GTE opened 3 – 4% higher than the previous day's closing price. Among these days, 27.3% (12 days) closed above the opening price, 65.9% (29 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
27 – 28%	1	2.27%
9 – 10%	1	2.27%
8 – 9%	1	2.27%
7 – 8%	1	2.27%
6 – 7%	1	2.27%
4 – 5%	1	2.27%
3 – 4%	1	2.27%
2 – 3%	3	6.82%
1 – 2%	2	4.55%
0%	3	6.82%
0 – -1%	3	6.82%
-1 – -2%	11	25.00%
-2 – -3%	1	2.27%
-3 – -4%	4	9.09%
-4 – -5%	3	6.82%
-5 – -6%	3	6.82%
-6 – -7%	1	2.27%
-8 – -9%	1	2.27%
-10 – -11%	2	4.55%

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

74 times GTE opened 2 – 3% higher than the previous day's closing price. Among these days, 37.8% (28 days) closed above the opening price, 58.1% (43 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	1.35%
8 – 9%	1	1.35%
7 – 8%	1	1.35%
6 – 7%	1	1.35%
5 – 6%	2	2.70%
3 – 4%	1	1.35%
2 – 3%	4	5.41%
1 – 2%	12	16.22%
0 – 1%	5	6.76%
0%	3	4.05%
0 – -1%	10	13.51%
-1 – -2%	8	10.81%
-2 – -3%	4	5.41%
-3 – -4%	14	18.92%
-4 – -5%	3	4.05%
-5 – -6%	3	4.05%
-8 – -9%	1	1.35%

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

209 times GTE opened 1 – 2% higher than the previous day's closing price. Among these days, 39.7% (83 days) closed above the opening price, 51.7% (108 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
9 – 10%	2	0.96%
7 – 8%	2	0.96%
6 – 7%	2	0.96%
5 – 6%	5	2.39%
4 – 5%	10	4.78%
3 – 4%	10	4.78%
2 – 3%	11	5.26%
1 – 2%	17	8.13%
0 – 1%	24	11.48%
0%	18	8.61%
0 – -1%	16	7.66%
-1 – -2%	31	14.83%
-2 – -3%	29	13.88%
-3 – -4%	13	6.22%
-4 – -5%	5	2.39%
-5 – -6%	6	2.87%
-6 – -7%	3	1.44%
-7 – -8%	3	1.44%
-9 – -10%	1	0.48%
-11 – -12%	1	0.48%

Table 8. Periods when GTE moved 15% or more

In this table, we track the price movements in the 20 days after GTE 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
20200608	38.3%	-16.4	-32.0	-37.7	-39.7	-42.3	-45.9	-46.3
20200605	33.1%	38.3	-15.8	-7.3	-15.9	-20.2	-23.0	-25.7
20201123	31.9%
20200602	27%	9.8	108.3	26.9	39.6	26.7	20.1	16.0
20201208	25.3%
20200327	22.1%	-7.0	9.0	24.5	26.4	9.7	.1	9.6
20200402	20.4%	8.8	22.3	15.0	-3.8	-15.6	7.3	15.0
20200324	17.2%	3.5	8.0	26.5	44.5	46.7	27.3	16.2
20200518	15.1%	-6.2	-6.2	-3.8	-12.5	25.7	93.6	57.5
20200512	-15.5%	-10.1	1.0	-4.4	-2.5	-12.9	23.2	133.9
20200609	-16.4%	-7.0	-19.6	-24.7	-27.3	-35.5	-35.3	-34.4
20200611	-21.6%	11.6	2.4	-1.0	-5.3	-11.2	-11.8	-5.3
20200312	-22.7%	6.9	-17.7	-19.8	-10.6	7.2	29.5	45.4
20150120	-34.4%	2.1	-6.4	-11.0	7.6	16.5	12.7	19.9
20200309	-43.4%	.2	-26.0	-43.0	-44.5	-38.1	-25.8	-10.4

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

Of the 1,551 trading days from 2015 to 2020, there were 9 days in which GTE was up more than 15%. This table shows the average price changes over the 9 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	3.2	10.3	4.3	4.2	6.3	8.9	4.7

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

Of the 1,551 trading days from 2015 to 2020, there were 6 days in which GTE was down more than -15%. This table shows the average price changes over the 6 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	.6	-11.0	-17.3	-13.8	-12.3	-1.2	24.9

Table 9. Periods when GTE moved 10% or more

In this table, we track the price movements in the 20 days after GTE 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
20200608	38.3%	-16.4	-32.0	-37.7	-39.7	-42.3	-45.9	-46.3
20200605	33.1%	38.3	-15.8	-7.3	-15.9	-20.2	-23.0	-25.7
20201123	31.9%
20200602	27%	9.8	108.3	26.9	39.6	26.7	20.1	16.0
20201208	25.3%
20200327	22.1%	-7.0	9.0	24.5	26.4	9.7	.1	9.6
20200402	20.4%	8.8	22.3	15.0	-3.8	-15.6	7.3	15.0
20200324	17.2%	3.5	8.0	26.5	44.5	46.7	27.3	16.2
20200518	15.1%	-6.2	-6.2	-3.8	-12.5	25.7	93.6	57.5
20150827	14.1%	10.6	6.9	10.1	11.0	-2.8	10.1	3.7
20160122	13.8%	-7.5	-5.9	-12.6	-11.7	-14.2	-10.5	-8.8
20190909	12.7%	2.7	-4.7	1.3	-4.0	-11.3	-22.0	-24.7
20201204	12.7%
20200721	12.4%	-3.0	-8.2	-15.1	-11.3	-15.2	-12.4	-14.4
20200916	12.1%	-.4	-8.3	-8.8	-13.5	-13.9	-15.6	-17.9
20200423	11.7%	6.8	14.4	9.5	2.3	-2.1	-14.2	-4.1
20200612	11.6%	-1.2	-7.4	-10.6	-20.7	-20.5	-19.3	-21.1
20161130	11.5%	.3	2.4	1.0	-1.4	.3	-1.0	.7
20150203	11.4%	-3.9	12.6	8.3	13.8	2.8	2.0	-.4
20150916	11.3%	5.1	-2.5	-2.1	-9.7	5.5	23.3	12.3
20161115	11.2%	-2.5	.3	-9.2	-17.7	-5.1	-6.3	-5.4
20150116	10.7%	.0	-33.9	-39.4	-40.6	-32.2	-20.6	-23.6
20150828	10.5%	3.3	-.8	2.1	-6.6	-2.1	-1.2	-5.0
20201109	10.4%	4.9	-2.9	4.3	39.3	39.8	27.4	40.9
20200803	10.3%	-.7	-5.1	-1.9	-4.2	-7.2	-8.6	-7.0
20200429	10%	6.1	-3.3	-7.8	-23.1	-13.6	-18.2	-16.6
20200513	-10.1%	-1.8	5.4	5.4	8.1	-1.7	41.3	117.6
20201112	-10.2%	1.8	9.4	46.1	46.7	33.6	47.8	72.0
20151207	-10.6%	5.0	.5	5.0	9.5	10.4	6.0	8.0
20200311	-10.6%	-22.7	-29.9	-39.3	-24.8	-21.5	-8.1	5.0
20190619	-11.4%	-.6	-5.9	-6.5	-8.8	-12.9	-4.1	-6.5
20150105	-11.7%	-.3	-.9	.0	3.7	-31.4	-37.2	-38.3
20200415	-12.4%	-4.5	-16.1	6.6	14.2	9.4	2.1	-2.3
20200320	-12.5%	2.1	13.8	36.5	64.9	85.2	74.2	45.7
20200227	-13.2%	8.0	-8.5	-52.4	-67.1	-70.1	-74.1	-67.9
20200512	-15.5%	-10.1	1.0	-4.4	-2.5	-12.9	23.2	133.9
20200609	-16.4%	-7.0	-19.6	-24.7	-27.3	-35.5	-35.3	-34.4
20200611	-21.6%	11.6	2.4	-1.0	-5.3	-11.2	-11.8	-5.3
20200312	-22.7%	6.9	-17.7	-19.8	-10.6	7.2	29.5	45.4
20150120	-34.4%	2.1	-6.4	-11.0	7.6	16.5	12.7	19.9
20200309	-43.4%	.2	-26.0	-43.0	-44.5	-38.1	-25.8	-10.4

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

Of the 1,551 trading days from 2015 to 2020, there were 26 days in which GTE was up more than 10%. This table shows the average price changes over the 26 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	1.8	2.8	-1.2	-2.3	-1.3	-.3	-1.9

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

Of the 1,551 trading days from 2015 to 2020, there were 15 days in which GTE was down more than -10%. This table shows the average price changes over the 15 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	-.6	-6.6	-6.8	-2.4	-4.9	2.7	18.8

Table 10. Periods when GTE moved 5% or more

In this table, we track the price movements in the 20 days after GTE 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
20200608	38.3%	-16.4	-32.0	-37.7	-39.7	-42.3	-45.9	-46.3
20200605	33.1%	38.3	-15.8	-7.3	-15.9	-20.2	-23.0	-25.7
20201123	31.9%
20200602	27%	9.8	108.3	26.9	39.6	26.7	20.1	16.0
20201208	25.3%
20200327	22.1%	-7.0	9.0	24.5	26.4	9.7	.1	9.6
20200402	20.4%	8.8	22.3	15.0	-3.8	-15.6	7.3	15.0
20200324	17.2%	3.5	8.0	26.5	44.5	46.7	27.3	16.2
20200518	15.1%	-6.2	-6.2	-3.8	-12.5	25.7	93.6	57.5
20150827	14.1%	10.6	6.9	10.1	11.0	-2.8	10.1	3.7
20160122	13.8%	-7.5	-5.9	-12.6	-11.7	-14.2	-10.5	-8.8
20190909	12.7%	2.7	-4.7	1.3	-4.0	-11.3	-22.0	-24.7
20201204	12.7%
20200721	12.4%	-3.0	-8.2	-15.1	-11.3	-15.2	-12.4	-14.4
20200916	12.1%	-.4	-8.3	-8.8	-13.5	-13.9	-15.6	-17.9
20200423	11.7%	6.8	14.4	9.5	2.3	-2.1	-14.2	-4.1
20200612	11.6%	-1.2	-7.4	-10.6	-20.7	-20.5	-19.3	-21.1
20161130	11.5%	.3	2.4	1.0	-1.4	.3	-1.0	.7
20150203	11.4%	-3.9	12.6	8.3	13.8	2.8	2.0	-.4
20150916	11.3%	5.1	-2.5	-2.1	-9.7	5.5	23.3	12.3
20161115	11.2%	-2.5	.3	-9.2	-17.7	-5.1	-6.3	-5.4
20150116	10.7%	.0	-33.9	-39.4	-40.6	-32.2	-20.6	-23.6
20150828	10.5%	3.3	-.8	2.1	-6.6	-2.1	-1.2	-5.0
20201109	10.4%	4.9	-2.9	4.3	39.3	39.8	27.4	40.9
20200803	10.3%	-.7	-5.1	-1.9	-4.2	-7.2	-8.6	-7.0
20200429	10%	6.1	-3.3	-7.8	-23.1	-13.6	-18.2	-16.6
20200511	9.8%	-15.6	-25.9	-17.3	-20.0	-19.8	-5.2	42.8
20200603	9.7%	3.0	58.7	29.0	18.3	14.4	9.4	2.7
20171220	9.2%	1.5	4.6	3.4	12.3	9.6	12.3	8.0
20181226	9.2%	-3.6	-3.1	6.7	10.3	7.6	10.7	4.9
20191104	9%	-3.3	-13.2	-15.7	-18.2	-19.2	-16.5	-15.7
20200319	9%	-12.6	8.4	13.0	32.4	51.3	53.6	33.3
20151028	8.9%	.4	1.6	2.9	4.1	-2.5	-6.2	2.5
20200403	8.8%	-1.0	6.5	5.7	-14.5	-17.3	-3.3	12.1
20151124	8.7%	.4	.4	-3.2	-15.3	-18.9	-15.3	-11.6
20200210	8%	.6	-4.6	-5.2	-7.9	-26.4	-29.7	-38.0
20200228	8%	-7.5	-19.4	-55.9	-67.4	-74.9	-75.6	-72.8
20151218	7.8%	-5.6	-4.7	-8.6	-6.9	-9.9	-18.9	-14.6
20160928	7.8%	5.2	4.5	7.0	8.0	7.3	7.7	8.4
20170623	7.8%	-2.7	.5	6.4	-1.8	-.5	.9	5.5
20151008	7.7%	-4.8	-7.9	-14.1	-17.2	-23.4	-17.5	-12.0
20160302	7.6%	4.1	5.3	4.9	1.5	-.4	-4.9	-3.0
20160419	7.6%	1.8	3.5	2.5	-3.5	-3.9	-3.5	.7
20190916	7.6%	1.9	-5.2	-11.0	-18.8	-26.0	-31.2	-25.3
20151223	7.5%	-2.6	-6.6	-4.8	-7.9	-17.1	-12.7	-14.9
20190408	7.5%	-3.5	-1.6	-6.3	-2.7	-5.9	-6.3	-12.2
20190829	7.5%	-.7	-5.6	5.6	2.1	10.6	2.8	-3.5
20150114	7.4%	-6.3	-32.0	-34.9	-38.6	-34.3	-24.8	-22.8
20150810	7.4%	-.4	1.3	-10.0	-17.0	-5.2	3.0	4.3
20161107	7.4%	3.5	1.0	7.3	10.5	.0	-9.4	4.5
20190313	7.3%	-1.6	-2.8	-6.5	-4.9	-4.9	-6.9	-.4
20160229	7.2%	3.8	17.6	13.9	13.0	17.2	10.5	6.3
20180924	7.2%	-.3	3.2	5.7	-.5	-7.8	-2.4	-10.3
20201210	7.2%
20190104	7.1%	3.3	5.0	2.1	5.0	-2.9	-4.6	-.8
20160222	7%	-4.0	-2.2	17.2	25.1	20.7	16.7	12.8
20200408	7%	-5.1	-5.9	-23.9	-26.4	-13.9	-.2	-9.0
20150205	6.9%	5.4	1.9	8.4	2.7	-.4	-3.1	5.4
20150415	6.9%	5.4	-.6	1.4	5.6	7.6	3.1	4.2
20151215	6.9%	-2.3	1.9	2.8	-1.4	.5	-2.8	-12.5
20200313	6.9%	-7.5	-16.0	-12.0	2.1	-7.7	19.8	29.0
20201211	6.9%
20160606	6.8%	1.0	2.2	1.0	5.4	9.3	2.6	.3
20191022	6.7%	6.4	-2.7	-1.8	6.4	-4.5	-7.3	-10.0
20200424	6.7%	-1.9	13.7	3.6	-1.2	-17.6	-7.4	-12.4
20150729	6.6%	-1.3	-3.1	-5.3	2.7	-4.4	-8.0	-14.2
20200422	6.6%	11.7	16.1	22.2	16.9	29.5	-3.5	3.6
20150202	6.5%	11.4	20.6	16.7	24.1	17.5	14.0	11.0
20151001	6.5%	4.4	18.9	16.3	21.6	9.7	7.0	7.0
20150414	6.4%	6.9	2.1	9.4	10.3	13.9	16.9	12.1
20151006	6.4%	1.9	-.4	4.2	-6.0	-8.3	-8.3	-8.7
20180829	6.4%	1.7	-1.7	-7.5	1.4	-1.7	-2.3	6.0
20160525	6.3%	-1.7	-1.3	-3.0	10.9	5.6	2.0	13.2
20170719	6.3%	-1.7	.4	1.3	.0	-3.8	-7.7	-8.9
20191023	6.3%	-1.7	-6.0	-5.1	-6.8	-13.7	-14.6	-16.3
20201116	6.3%
20170920	6.1%	2.7	5.4	1.8	-5.4	-4.5	-5.8	-5.8
20200430	6.1%	-9.9	-13.8	-4.5	-28.8	-23.6	-23.6	-21.7
20160608	6%	3.9	-4.5	-4.8	.0	-6.9	.9	-10.4
20190710	6%	3.8	1.3	1.3	4.5	1.9	1.3	-7.6
20200407	6%	7.0	.7	-15.8	-26.1	-6.0	.7	-3.6
20200828	6%	-1.9	-10.6	-19.9	-23.6	-10.1	-17.3	-17.7
20191224	5.9%	.0	-.8	2.4	8.9	-1.6	1.6	-5.6
20200129	5.8%	-.9	-11.0	-18.1	-11.0	-15.6	-13.3	-19.5
20150304	5.7%	-2.2	-4.7	-12.7	-11.3	-3.6	-1.5	-.7
20170131	5.7%	1.6	-1.9	-.8	3.5	6.2	3.9	1.2
20170913	5.7%	1.4	-4.1	4.5	4.5	.0	-.9	-2.3
20191210	5.7%	-3.6	1.8	3.6	12.7	9.1	17.3	16.4
20201102	5.7%	5.7	-1.0	16.1	12.8	14.4	58.2	51.6
20201103	5.7%	-6.8	3.4	-1.4	6.1	9.2	44.6	33.0
20160217	5.6%	-3.1	-3.1	-1.3	18.2	26.2	21.8	17.8
20160412	5.6%	3.1	.0	9.9	13.0	13.0	2.7	3.1
20170315	5.6%	-1.5	-6.5	-2.7	-.8	-.4	3.8	7.7
20180912	5.6%	-.8	-4.2	-2.3	4.0	9.6	6.2	7.1
20191009	5.6%	.9	.9	-8.0	4.5	-4.5	-3.6	4.5
20191212	5.6%	3.6	.9	4.5	12.5	15.2	16.1	16.1
20200331	5.6%	-7.9	19.5	28.6	27.6	3.2	-.2	16.8
20150331	5.4%	-.4	4.0	7.3	21.2	28.9	30.0	32.2
20200107	5.4%	-3.7	-11.9	-10.4	-14.1	-20.7	-19.3	-29.2
20150206	5.3%	4.0	.0	5.1	-5.1	-5.8	-8.0	-2.2
20150416	5.3%	-5.6	-4.8	-3.2	-.3	2.9	.0	-1.3
20151116	5.3%	-2.1	-3.4	5.5	5.5	1.7	-11.0	-14.8
20180103	5.3%	-1.7	-1.0	1.4	-2.7	-5.5	-3.4	-4.1
20180212	5.3%	-2.3	1.6	.8	4.3	-4.3	-.4	-3.1
20191209	5.3%	5.8	11.5	8.7	12.5	21.2	24.0	25.0
20160114	5.2%	.0	1.0	11.1	13.1	5.0	6.0	3.0
20160203	5.2%	.0	-7.7	-2.7	2.3	3.2	.9	12.3
20160929	5.2%	-.3	-.3	4.0	2.0	1.7	7.0	1.3
20200915	5.2%	12.1	.3	5.3	-1.2	-4.4	-6.8	-4.9
20150610	5.1%	-1.0	-2.0	-2.3	-.3	-2.0	-5.9	-7.8
20160808	5.1%	.4	1.1	3.9	3.2	2.8	.0	2.5
20150917	5%	-3.2	-8.9	-10.9	-8.5	6.9	11.7	8.1
20151005	5%	6.4	11.2	7.6	.4	-3.2	-10.4	-3.6
20160408	5%	-.4	3.6	13.3	19.7	18.9	15.7	8.4
20180530	5%	-.9	-2.4	-3.0	3.3	-2.7	-4.2	-.9
20190320	5%	-2.4	-6.7	-9.9	-9.5	1.2	.8	-2.0
20200115	5%	-4.0	-7.9	-15.1	-13.5	-24.2	-25.4	-23.0
20150123	-5%	-2.2	-7.1	12.4	21.7	17.7	25.2	18.6
20150803	-5%	4.8	2.4	11.0	3.3	-.5	-7.2	15.3
20170118	-5%	.0	.4	-2.7	.4	-3.1	-1.9	2.3
20180116	-5%	1.1	-1.8	.4	-.4	-2.5	-8.5	-8.5
20180208	-5%	.0	7.3	6.9	7.3	7.3	3.3	3.7
20180615	-5%	.9	-.6	2.8	8.5	7.5	8.5	11.6
20181010	-5%	-5.0	.6	-7.5	-16.2	-16.7	-14.5	-21.2
20181011	-5%	2.1	1.2	-4.7	-11.1	-11.1	-13.5	-14.1
20181024	-5%	.7	.7	-2.0	-2.7	-6.0	-7.0	-15.0
20181221	-5%	-1.4	3.8	4.3	14.9	18.8	15.9	19.2
20191015	-5%	-1.8	-8.8	1.8	-2.7	-1.8	-3.5	-10.6
20200207	-5%	8.0	4.2	-.2	5.2	-8.3	-20.5	-30.8
20200624	-5%	-.0	-6.2	-6.9	-.0	-9.2	-10.2	-3.0
20150526	-5.1%	-4.4	-7.6	-7.0	-7.6	-3.2	-4.1	-6.6
20170803	-5.1%	1.8	1.3	-4.0	-4.0	-7.2	-8.1	-11.2
20180525	-5.1%	.0	4.8	3.2	2.6	9.3	2.9	1.3
20200122	-5.1%	-2.7	-6.4	-9.4	-11.0	-12.4	-15.5	-19.0
20200409	-5.1%	.0	-13.2	-20.8	-13.3	-9.9	-5.1	-9.3
20160401	-5.2%	-1.3	1.3	12.0	8.1	22.6	24.8	23.5
20160624	-5.2%	-3.7	4.3	-7.4	-9.9	-9.0	-5.6	-11.1
20150708	-5.3%	.4	3.4	-10.1	-14.2	-22.8	-16.8	-18.3
20150716	-5.3%	-3.6	-8.0	-17.2	-10.8	-12.4	-14.4	-7.2
20151026	-5.3%	-3.0	4.3	11.3	10.4	3.9	.9	-.4
20191028	-5.3%	2.8	3.7	1.9	-5.6	-6.6	-8.5	-4.7
20200506	-5.3%	-2.3	-6.5	-18.0	-8.4	-11.4	-11.1	5.0
20200730	-5.3%	-4.6	3.2	4.5	-.2	-1.8	-5.2	-5.8
20201203	-5.3%
20161129	-5.4%	11.5	17.3	12.7	17.3	11.9	10.8	9.2
20200224	-5.4%	-1.2	-13.6	-26.8	-62.0	-73.7	-76.1	-79.3
20151112	-5.5%	-5.9	-2.5	-4.2	4.6	1.7	-5.9	-10.5
20151221	-5.5%	-3.6	.9	-3.6	-.9	-9.1	-15.0	-9.5
20160503	-5.5%	-1.1	-.7	1.1	7.7	1.8	11.0	8.1
20171127	-5.5%	1.5	12.2	3.9	11.2	12.7	16.6	33.7
20181120	-5.5%	2.3	-.8	2.0	1.2	-.4	-4.7	-10.5
20150417	-5.6%	-4.0	2.8	3.7	7.1	9.9	5.4	1.1
20150507	-5.6%	2.2	.8	-3.3	-6.6	-13.4	-20.5	-18.4
20151021	-5.6%	2.6	-5.1	2.1	8.9	8.1	1.7	-1.3
20201209	-5.6%
20171206	-5.7%	.9	8.9	8.5	22.5	28.6	27.2	30.5
20190507	-5.7%	1.9	-.9	1.4	-1.9	-5.1	-6.5	-7.0
20190523	-5.7%	4.1	2.6	2.0	-1.0	.5	-5.6	-13.3
20190624	-5.7%	-2.4	-3.0	-5.5	-9.8	-.6	-3.0	-3.0
20200716	-5.7%	-4.4	4.8	-.8	-8.3	-4.1	-8.4	-5.3
20150706	-5.8%	4.0	-1.1	-2.9	-15.4	-19.5	-22.1	-19.1
20151113	-5.8%	5.3	1.3	10.7	8.0	7.6	-10.7	-6.7
20151228	-5.8%	1.9	3.8	.5	-9.6	-4.8	-7.2	14.4
20160909	-5.8%	1.0	-4.8	-7.2	-5.9	-1.0	2.1	8.3
20160913	-5.8%	.4	.0	1.8	-3.6	9.1	9.1	13.8
20170705	-6%	-1.4	-1.8	2.3	7.3	4.1	6.8	4.6
20190322	-6%	-2.2	-1.7	-.9	2.6	10.8	7.4	3.5
20151016	-6.1%	-3.5	-6.9	-13.9	-7.3	-1.2	-1.9	-7.7
20170504	-6.1%	4.3	10.4	10.9	6.5	10.0	7.0	1.3
20181204	-6.1%	.0	-5.0	-5.4	-11.6	-19.7	-13.5	-16.2
20200519	-6.1%	3.4	.0	.3	18.5	78.5	92.0	65.9
20201028	-6.1%	-.7	8.9	2.0	19.6	16.3	17.9	63.0
20150210	-6.2%	-.7	5.6	.0	-3.0	-5.6	2.6	.7
20150313	-6.2%	-4.2	4.6	10.0	9.2	13.3	18.3	22.1
20161214	-6.2%	1.4	1.0	-.7	3.5	5.6	5.9	-3.8
20200908	-6.2%	-1.7	-6.1	10.4	1.5	1.0	-4.2	-4.6
20150115	-6.3%	10.8	-25.8	-32.0	-35.4	-21.8	-15.4	-18.2
20190122	-6.3%	-1.3	-3.0	.9	-3.8	-7.2	-3.8	1.7
20190903	-6.3%	1.5	13.6	9.8	18.9	10.6	3.8	-5.3
20191017	-6.3%	-1.0	12.5	2.9	3.8	12.5	1.0	-1.9
20160111	-6.4%	-1.1	5.3	6.3	16.9	19.0	10.6	11.6
20160518	-6.4%	1.8	3.6	7.3	9.1	14.2	27.0	16.8
20191001	-6.4%	.0	-5.1	-3.4	-3.4	-12.0	.0	-8.5
20200626	-6.5%	3.4	-.4	4.7	2.0	2.0	-7.7	-1.8
20151204	-6.6%	-10.7	-6.7	-4.0	3.6	1.3	-7.1	-3.6
20160331	-6.7%	-5.3	-2.8	.4	4.5	14.2	20.6	19.8
20200226	-6.7%	-13.2	-17.2	-27.0	-63.0	-71.7	-74.3	-73.1
20150824	-6.8%	1.6	26.2	22.0	25.7	26.7	11.0	25.7
20191106	-6.8%	-1.8	-6.4	-7.3	-14.0	-5.5	-6.4	-12.1
20201104	-6.8%	-.1	16.4	7.7	15.7	54.6	55.2	41.4
20190823	-6.9%	2.5	17.4	9.1	9.9	25.6	27.3	24.8
20200330	-6.9%	5.6	27.5	43.2	34.8	12.7	-1.1	25.7
20200610	-6.9%	-21.7	-13.8	-21.8	-25.8	-28.4	-30.9	-27.5
20200617	-6.9%	1.0	-2.5	-13.6	-13.3	-12.0	-13.9	-13.5
20200709	-6.9%	2.5	2.4	-7.3	-1.3	-7.2	-15.6	-8.7
20200921	-6.9%	2.4	1.9	-3.3	-3.8	-5.7	-8.2	-9.9
20150911	-7%	-3.1	10.2	2.2	2.7	-5.3	10.7	29.3
20160701	-7.1%	.0	-8.0	-4.5	-4.8	-7.3	-14.3	-13.7
20150817	-7.2%	-.5	-5.1	-11.6	15.3	10.6	13.9	4.2
20201130	-7.2%
20180815	-7.3%	3.0	6.6	10.0	15.6	14.6	6.0	11.0
20200302	-7.4%	-4.5	-15.8	-57.4	-67.4	-70.4	-69.0	-64.0
20200316	-7.4%	-8.3	-20.6	-1.6	2.6	20.2	37.4	39.4
20160125	-7.5%	1.4	3.6	-.5	-6.8	-7.7	-3.6	-4.1
20200131	-7.7%	-4.1	-5.7	-2.6	-7.7	-8.3	-10.9	-28.7
20150112	-7.8%	1.9	13.6	-24.0	-30.3	-33.8	-19.9	-13.2
20200401	-7.9%	20.5	37.7	39.7	21.3	10.7	21.1	25.9
20160610	-8%	-.3	-3.8	6.9	1.3	3.4	-1.9	-9.7
20200326	-8.1%	22.1	10.4	43.3	54.3	53.1	23.8	19.8
20200421	-8.1%	6.6	24.7	44.5	31.7	25.6	4.7	17.7
20160318	-8.2%	3.5	-1.2	.8	-8.6	-6.3	-3.1	.8
20200317	-8.3%	-9.2	-11.6	-1.5	18.2	42.7	60.3	50.8
20200529	-8.3%	1.5	45.8	124.6	82.7	67.5	62.0	54.9
20161122	-8.5%	-1.0	-5.2	.3	2.4	1.0	-1.4	.3
20200318	-9.2%	9.1	14.2	32.6	19.9	55.6	67.5	66.2
20200501	-9.8%	.1	-6.5	-10.6	-21.5	-12.4	-15.2	-15.0
20200513	-10.1%	-1.8	5.4	5.4	8.1	-1.7	41.3	117.6
20201112	-10.2%	1.8	9.4	46.1	46.7	33.6	47.8	72.0
20151207	-10.6%	5.0	.5	5.0	9.5	10.4	6.0	8.0
20200311	-10.6%	-22.7	-29.9	-39.3	-24.8	-21.5	-8.1	5.0
20190619	-11.4%	-.6	-5.9	-6.5	-8.8	-12.9	-4.1	-6.5
20150105	-11.7%	-.3	-.9	.0	3.7	-31.4	-37.2	-38.3
20200415	-12.4%	-4.5	-16.1	6.6	14.2	9.4	2.1	-2.3
20200320	-12.5%	2.1	13.8	36.5	64.9	85.2	74.2	45.7
20200227	-13.2%	8.0	-8.5	-52.4	-67.1	-70.1	-74.1	-67.9
20200512	-15.5%	-10.1	1.0	-4.4	-2.5	-12.9	23.2	133.9
20200609	-16.4%	-7.0	-19.6	-24.7	-27.3	-35.5	-35.3	-34.4
20200611	-21.6%	11.6	2.4	-1.0	-5.3	-11.2	-11.8	-5.3
20200312	-22.7%	6.9	-17.7	-19.8	-10.6	7.2	29.5	45.4
20150120	-34.4%	2.1	-6.4	-11.0	7.6	16.5	12.7	19.9
20200309	-43.4%	.2	-26.0	-43.0	-44.5	-38.1	-25.8	-10.4

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

Of the 1,551 trading days from 2015 to 2020, there were 117 days in which GTE was up more than 5%. This table shows the average price changes over the 117 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	.3	.4	-.3	-.3	-1.1	.1	-.0

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

Of the 1,551 trading days from 2015 to 2020, there were 114 days in which GTE was down more than -5%. This table shows the average price changes over the 114 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.2	.7	.7	.4	.9	1.0	3.6

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.