Statistics of Price Movements of Ivy High Income Opportunities (IVH)

The price movements of Ivy High Income Opportunities (ticker IVH) 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 IVH 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 IVH had a big price move
• Table 11. Statistics of daily price changes in the 20 days after IVH moved 5% with twice the 30-day average volume

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

Table 1. Statistics of IVH 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, 48.1% of the time (745 days), IVH closed above the previous day's closing price. 43.3% of the time (670 days), it closed below the previous day's closing price. 8.6% of the time (133 days), it did not change.

Also see: VIX price movement study.

IVH Price Change (%)	Number of Days	% of Total Sessions
13 – 14%	1	0.06%
8 – 9%	1	0.06%
6 – 7%	1	0.06%
5 – 6%	1	0.06%
4 – 5%	1	0.06%
3 – 4%	6	0.39%
2 – 3%	12	0.78%
1 – 2%	88	5.68%
0 – 1%	634	40.96%
0%	133	8.59%
0 – -1%	544	35.14%
-1 – -2%	97	6.27%
-2 – -3%	16	1.03%
-3 – -4%	4	0.26%
-4 – -5%	3	0.19%
-5 – -6%	1	0.06%
-7 – -8%	2	0.13%
-8 – -9%	1	0.06%
-10 – -11%	1	0.06%
-16 – -17%	1	0.06%

Table 2. Statistics of IVH: 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 IVH.

42.5% of the time (658 days), IVH closed above the opening price. 48.8% of the time (756 days), it closed below the opening price. 8.7% of the time (135 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	1	0.06%
7 – 8%	1	0.06%
6 – 7%	1	0.06%
4 – 5%	1	0.06%
3 – 4%	1	0.06%
2 – 3%	15	0.97%
1 – 2%	57	3.68%
0 – 1%	581	37.51%
0%	135	8.72%
0 – -1%	645	41.64%
-1 – -2%	87	5.62%
-2 – -3%	15	0.97%
-3 – -4%	3	0.19%
-4 – -5%	2	0.13%
-6 – -7%	2	0.13%
-8 – -9%	1	0.06%
-13 – -14%	1	0.06%

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

In the past 1,549 trading days, IVH 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 IVH opened 4–5% higher

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

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

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

2 times IVH opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (1 days) closed above the opening price, 50.0% (1 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	50.00%
0 – -1%	1	50.00%

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

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

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	1	16.67%
0 – 1%	1	16.67%
-1 – -2%	3	50.00%
-2 – -3%	1	16.67%

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

16 times IVH opened 1 – 2% higher than the previous day's closing price. Among these days, 43.8% (7 days) closed above the opening price, 56.3% (9 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	6.25%
1 – 2%	2	12.50%
0 – 1%	4	25.00%
0 – -1%	4	25.00%
-1 – -2%	2	12.50%
-2 – -3%	1	6.25%
-3 – -4%	1	6.25%
-6 – -7%	1	6.25%

Table 8. Periods when IVH moved 15% or more

In this table, we track the price movements in the 20 days after IVH 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
20200318	-16.2%	2.2	.6	18.1	13.7	13.0	27.8	29.9

Table 9. Periods when IVH moved 10% or more

In this table, we track the price movements in the 20 days after IVH 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
20200325	13.1%	4.2	5.9	-4.1	6.1	10.7	8.2	5.0
20200312	-10.1%	6.2	-19.3	-25.5	-4.4	-2.8	-12.0	-2.6
20200318	-16.2%	2.2	.6	18.1	13.7	13.0	27.8	29.9

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

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which IVH was up more than 10%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	4.2	5.9	-4.1	6.1	10.7	8.2	5.0

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

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which IVH was down more than -10%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	4.2	-9.4	-3.7	4.6	5.1	7.9	13.6

Table 10. Periods when IVH moved 5% or more

In this table, we track the price movements in the 20 days after IVH 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
20200325	13.1%	4.2	5.9	-4.1	6.1	10.7	8.2	5.0
20200324	8.9%	13.1	17.1	14.2	16.1	27.1	24.8	20.5
20200313	6.1%	-7.3	-22.4	-23.6	-10.3	-13.6	-14.2	-2.9
20200409	5.8%	.0	-1.8	-5.2	-5.2	-7.4	-5.8	-4.9
20200401	-5.6%	1.0	2.8	12.4	10.4	6.6	6.6	4.1
20200316	-7.3%	-2.2	-17.9	-6.7	-3.5	-5.9	-4.3	4.7
20200323	-7.7%	8.9	27.9	23.1	22.3	38.4	40.7	34.5
20200309	-8.4%	1.8	-4.9	-27.8	-33.3	-14.4	-13.0	-21.2
20200312	-10.1%	6.2	-19.3	-25.5	-4.4	-2.8	-12.0	-2.6
20200318	-16.2%	2.2	.6	18.1	13.7	13.0	27.8	29.9

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

Of the 1,549 trading days from 2015 to 2020, there were 4 days in which IVH was up more than 5%. This table shows the average price changes over the 4 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	2.5	-.3	-4.7	1.7	4.2	3.3	4.4

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

Of the 1,549 trading days from 2015 to 2020, there were 6 days in which IVH was down more than -5%. 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 ≥ -5%	3.0	-1.8	-1.1	.9	5.8	7.6	8.2

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Also see: VIX price movement study.