Statistics of Price Movements of Nuveen Nasdaq 100 (QQQX)

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

The statistics are calculated using QQQX's price data across 1,547 trading days from 2015 to 2020.

Table 1. Statistics of QQQX 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 1,547 trading days, 52.1% of the time (805 days), QQQX closed above the previous day's closing price. 42.4% of the time (656 days), it closed below the previous day's closing price. 5.5% of the time (85 days), it did not change.

Also see: VIX price movement study.

QQQX Price Change (%)	Number of Days	% of Total Sessions
9 – 10%	2	0.13%
8 – 9%	1	0.06%
7 – 8%	2	0.13%
5 – 6%	1	0.06%
4 – 5%	3	0.19%
3 – 4%	14	0.91%
2 – 3%	37	2.39%
1 – 2%	165	10.67%
0 – 1%	580	37.52%
0%	85	5.50%
0 – -1%	435	28.14%
-1 – -2%	141	9.12%
-2 – -3%	50	3.23%
-3 – -4%	15	0.97%
-4 – -5%	6	0.39%
-5 – -6%	3	0.19%
-6 – -7%	1	0.06%
-7 – -8%	1	0.06%
-8 – -9%	2	0.13%
-10 – -11%	1	0.06%
-14 – -15%	1	0.06%

Table 2. Statistics of QQQX: 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 QQQX.

48.5% of the time (751 days), QQQX closed above the opening price. 45.2% of the time (700 days), it closed below the opening price. 6.2% of the time (96 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	1	0.06%
6 – 7%	1	0.06%
5 – 6%	2	0.13%
4 – 5%	3	0.19%
3 – 4%	4	0.26%
2 – 3%	24	1.55%
1 – 2%	127	8.21%
0 – 1%	589	38.07%
0%	96	6.21%
0 – -1%	503	32.51%
-1 – -2%	141	9.11%
-2 – -3%	32	2.07%
-3 – -4%	13	0.84%
-4 – -5%	8	0.52%
-5 – -6%	2	0.13%
-8 – -9%	1	0.06%

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

In the past 1,547 trading days, QQQX opened more than 5% higher than the previous day's closing price 2 times. Of these days, 50.0% (1 days) had closing prices above the opening price, and 50.0% (1 days) had closing prices below the opening price.

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

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

On 1 days, QQQX 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% (1 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
-2 – -3%	1	100.00%

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

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

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	2	66.67%
0 – -1%	1	33.33%

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

11 times QQQX opened 2 – 3% higher than the previous day's closing price. Among these days, 54.5% (6 days) closed above the opening price, 45.5% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
1 – 2%	1	9.09%
0 – 1%	5	45.45%
-1 – -2%	3	27.27%
-2 – -3%	2	18.18%

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

73 times QQQX opened 1 – 2% higher than the previous day's closing price. Among these days, 42.5% (31 days) closed above the opening price, 56.2% (41 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	3	4.11%
1 – 2%	9	12.33%
0 – 1%	19	26.03%
0%	1	1.37%
0 – -1%	26	35.62%
-1 – -2%	9	12.33%
-2 – -3%	2	2.74%
-3 – -4%	2	2.74%
-4 – -5%	1	1.37%
-5 – -6%	1	1.37%

Table 8. Periods when QQQX moved 15% or more

In this table, we track the price movements in the 20 days after QQQX 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

Table 9. Periods when QQQX moved 10% or more

In this table, we track the price movements in the 20 days after QQQX 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
20200318	-10.4%	9.3	9.5	16.2	14.4	23.9	28.8	32.6
20200312	-14.3%	8.0	-8.0	-7.6	10.0	10.3	6.0	18.6

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

Of the 1,547 trading days from 2015 to 2020, there were 2 days in which QQQX 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%	8.6	.8	4.3	12.2	17.1	17.4	25.6

Table 10. Periods when QQQX moved 5% or more

In this table, we track the price movements in the 20 days after QQQX 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
20200319	9.3%	-4.7	3.3	10.0	7.3	14.9	17.8	19.5
20200324	9%	3.1	9.8	7.1	14.7	17.6	19.3	21.0
20201109	8.9%	-1.6	1.3	2.3	2.6	3.9	6.5	6.4
20200313	7.9%	-8.0	-6.8	-6.7	-1.0	-2.5	5.6	9.8
20200406	7.4%	1.4	4.0	5.4	7.0	6.1	8.9	10.3
20200326	5.9%	-2.9	-4.3	3.6	7.7	10.9	10.9	9.5
20200903	-5.1%	-2.8	-2.1	-2.8	-5.1	-7.4	-4.9	-2.7
20200311	-5.2%	-14.4	-12.0	-17.9	-11.0	-5.3	-7.6	-1.0
20200227	-5.4%	-2.7	5.0	-4.6	-21.7	-19.6	-25.0	-18.7
20200309	-6.1%	1.2	-11.4	-24.5	-24.2	-9.7	-9.5	-13.0
20150824	-7.7%	2.8	10.3	8.6	7.1	9.5	9.0	8.7
20200316	-8%	3.4	-3.5	4.6	11.4	8.6	16.4	19.3
20180205	-8.9%	3.9	2.9	8.8	11.1	10.8	12.8	11.7
20200318	-10.4%	9.3	9.5	16.2	14.4	23.9	28.8	32.6
20200312	-14.3%	8.0	-8.0	-7.6	10.0	10.3	6.0	18.6

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

Of the 1,547 trading days from 2015 to 2020, there were 6 days in which QQQX was up 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%	-2.1	1.2	3.6	6.4	8.5	11.5	12.8

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

Of the 1,547 trading days from 2015 to 2020, there were 9 days in which QQQX was down more than -5%. 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 ≥ -5%	1.0	-1.0	-2.1	-.9	2.4	2.9	6.2

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Also see: VIX price movement study.