Statistics of Price Movements of VOYA Global Advantage and Premium (IGA)

The price movements of VOYA Global Advantage and Premium (ticker IGA) 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 IGA 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 IGA had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after IGA moved 5% with twice the 30-day average volume

The statistics are calculated using IGA's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of IGA 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 1,549 trading days, 49.2% of the time (762 days), IGA closed above the previous day's closing price. 42.4% of the time (657 days), it closed below the previous day's closing price. 8.3% of the time (129 days), it did not change.

Also see: VIX price movement study.

IGA Price Change (%) Number of Days % of Total Sessions
8 – 9% 2
0.13%
6 – 7% 1
0.06%
5 – 6% 2
0.13%
4 – 5% 1
0.06%
3 – 4% 4
0.26%
2 – 3% 25
1.61%
1 – 2% 113
7.30%
0 – 1% 614
39.66%
0% 129
8.33%
0 – -1% 500
32.30%
-1 – -2% 100
6.46%
-2 – -3% 34
2.20%
-3 – -4% 12
0.78%
-4 – -5% 3
0.19%
-5 – -6% 2
0.13%
-6 – -7% 3
0.19%
-8 – -9% 1
0.06%
-12 – -13% 2
0.13%

Table 2. Statistics of IGA: 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 IGA.

44.3% of the time (686 days), IGA closed above the opening price. 46.2% of the time (715 days), it closed below the opening price. 9.6% of the time (148 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
8 – 9% 1
0.06%
7 – 8% 1
0.06%
6 – 7% 1
0.06%
5 – 6% 1
0.06%
4 – 5% 3
0.19%
3 – 4% 1
0.06%
2 – 3% 10
0.65%
1 – 2% 85
5.49%
0 – 1% 583
37.64%
0% 148
9.55%
0 – -1% 577
37.25%
-1 – -2% 109
7.04%
-2 – -3% 19
1.23%
-3 – -4% 7
0.45%
-5 – -6% 2
0.13%
-7 – -8% 1
0.06%

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

In the past 1,549 trading days, IGA opened more than 5% higher than the previous day's closing price 0 times. Of these days, NaN% (0 days) had closing prices above the opening price, and NaN% (0 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions

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

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

Closing - Open (%) Number of Days % of Total Sessions

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

0 times IGA opened 3 – 4% higher than the previous day's closing price. Among these days, NaN% (0 days) closed above the opening price, NaN% (0 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions

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

5 times IGA opened 2 – 3% higher than the previous day's closing price. Among these days, 40.0% (2 days) closed above the opening price, 60.0% (3 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
4 – 5% 1
20.00%
2 – 3% 1
20.00%
0 – -1% 1
20.00%
-1 – -2% 2
40.00%

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

43 times IGA opened 1 – 2% higher than the previous day's closing price. Among these days, 39.5% (17 days) closed above the opening price, 58.1% (25 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
6 – 7% 1
2.33%
1 – 2% 5
11.63%
0 – 1% 11
25.58%
0% 1
2.33%
0 – -1% 15
34.88%
-1 – -2% 8
18.60%
-2 – -3% 1
2.33%
-3 – -4% 1
2.33%

Table 8. Periods when IGA moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when IGA moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
20200318-12% 5.4 7.9 21.4 12.9 18.6 28.2 28.3
20200312-12.9% 5.0 -13.6 -14.1 5.7 4.2 -3.9 7.8

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

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which IGA 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% 5.2 -2.9 3.6 9.3 11.4 12.1 18.1

Table 10. Periods when IGA moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
202003248.5% 8.2 13.1 5.4 12.3 18.8 17.2 17.2
202003258.1% 4.9 3.4 -4.7 6.9 7.8 8.1 5.8
202004066.6% 2.1 8.1 6.6 6.6 4.5 7.2 5.0
202003195.3% -.3 10.8 15.8 7.9 14.9 21.7 20.0
202003135% -8.9 -13.3 -11.3 -.1 -7.1 -2.5 5.4
20200323-5.3% 8.6 22.2 13.6 19.3 29.0 29.2 28.8
20200611-5.5% 1.0 4.3 2.7 .2 1.5 1.4 1.0
20200309-6% .2 -13.8 -29.1 -29.6 -13.3 -14.5 -21.2
20200311-6% -12.9 -14.5 -21.0 -12.2 -8.2 -14.5 -8.9
20200401-6.3% .7 7.3 13.5 12.0 12.0 9.8 12.6
20200316-8.9% 2.7 -5.1 5.4 10.2 2.7 9.4 15.8
20200318-12% 5.4 7.9 21.4 12.9 18.6 28.2 28.3
20200312-12.9% 5.0 -13.6 -14.1 5.7 4.2 -3.9 7.8

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

Of the 1,549 trading days from 2015 to 2020, there were 5 days in which IGA was up more than 5%. This table shows the average price changes over the 5 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% 1.2 4.4 2.4 6.7 7.8 10.3 10.7

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

Of the 1,549 trading days from 2015 to 2020, there were 8 days in which IGA was down more than -5%. This table shows the average price changes over the 8 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -5% 1.3 -.7 -.9 2.3 5.8 5.6 8.0

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Also see: VIX price movement study.