Statistics of Price Movements of Argentina Ishares MSCI ETF (AGT)

The price movements of Argentina Ishares MSCI ETF (ticker AGT) 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 AGT 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 AGT had a big price move
• Table 11. Statistics of daily price changes in the 20 days after AGT moved 5% with twice the 30-day average volume

The statistics are calculated using AGT's price data across 946 trading days from 2017 to 2020.

Table 1. Statistics of AGT 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 946 trading days, 50.6% of the time (478 days), AGT closed above the previous day's closing price. 43.4% of the time (410 days), it closed below the previous day's closing price. 6.0% of the time (57 days), it did not change.

Also see: VIX price movement study.

AGT Price Change (%)	Number of Days	% of Total Sessions
9 – 10%	1	0.11%
8 – 9%	1	0.11%
7 – 8%	2	0.21%
6 – 7%	1	0.11%
5 – 6%	4	0.42%
4 – 5%	13	1.38%
3 – 4%	21	2.22%
2 – 3%	53	5.61%
1 – 2%	144	15.24%
0 – 1%	238	25.19%
0%	57	6.03%
0 – -1%	183	19.37%
-1 – -2%	137	14.50%
-2 – -3%	47	4.97%
-3 – -4%	21	2.22%
-4 – -5%	12	1.27%
-5 – -6%	1	0.11%
-6 – -7%	3	0.32%
-7 – -8%	1	0.11%
-10 – -11%	1	0.11%
-11 – -12%	2	0.21%
-13 – -14%	1	0.11%
-24 – -25%	1	0.11%

Table 2. Statistics of AGT: 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 AGT.

42.1% of the time (398 days), AGT closed above the opening price. 43.2% of the time (409 days), it closed below the opening price. 14.7% of the time (139 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	0.11%
4 – 5%	5	0.53%
3 – 4%	11	1.16%
2 – 3%	29	3.07%
1 – 2%	91	9.62%
0 – 1%	261	27.59%
0%	139	14.69%
0 – -1%	246	26.00%
-1 – -2%	102	10.78%
-2 – -3%	44	4.65%
-3 – -4%	8	0.85%
-4 – -5%	4	0.42%
-5 – -6%	4	0.42%
-6 – -7%	1	0.11%

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

In the past 946 trading days, AGT opened more than 5% higher than the previous day's closing price 4 times. Of these days, 50.0% (2 days) had closing prices above the opening price, and 50.0% (2 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
1 – 2%	2	50.00%
-1 – -2%	1	25.00%
-4 – -5%	1	25.00%

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

On 6 days, AGT opened 4–5% higher than the previous day's closing price. Of these days, 83.3% (5 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
2 – 3%	1	16.67%
1 – 2%	1	16.67%
0 – 1%	3	50.00%
0%	1	16.67%

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

11 times AGT opened 3 – 4% higher than the previous day's closing price. Among these days, 18.2% (2 days) closed above the opening price, 72.7% (8 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	9.09%
1 – 2%	1	9.09%
0%	1	9.09%
0 – -1%	3	27.27%
-1 – -2%	1	9.09%
-2 – -3%	1	9.09%
-3 – -4%	3	27.27%

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

29 times AGT opened 2 – 3% higher than the previous day's closing price. Among these days, 69.0% (20 days) closed above the opening price, 17.2% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	3.45%
1 – 2%	6	20.69%
0 – 1%	13	44.83%
0%	4	13.79%
-1 – -2%	3	10.34%
-2 – -3%	2	6.90%

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

118 times AGT opened 1 – 2% higher than the previous day's closing price. Among these days, 41.5% (49 days) closed above the opening price, 44.1% (52 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	0.85%
2 – 3%	3	2.54%
1 – 2%	6	5.08%
0 – 1%	39	33.05%
0%	17	14.41%
0 – -1%	36	30.51%
-1 – -2%	8	6.78%
-2 – -3%	5	4.24%
-4 – -5%	1	0.85%
-5 – -6%	2	1.69%

Table 8. Periods when AGT moved 15% or more

In this table, we track the price movements in the 20 days after AGT 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
20190812	-24%	.0	-.3	-2.4	-5.6	-9.3	-12.7	-7.8

Table 9. Periods when AGT moved 10% or more

In this table, we track the price movements in the 20 days after AGT 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
20200312	-10.7%	5.4	-15.4	-17.5	-5.1	-7.1	-10.5	-.9
20200318	-11.2%	.8	6.5	5.4	4.8	11.8	16.7	18.4
20200316	-11.4%	2.1	-10.8	.6	-3.9	-3.3	3.4	5.8
20200309	-13.4%	7.3	-6.1	-24.6	-26.4	-15.4	-17.2	-20.2
20190812	-24%	.0	-.3	-2.4	-5.6	-9.3	-12.7	-7.8

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

Of the 946 trading days from 2017 to 2020, there were 5 days in which AGT was down more than -10%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	3.1	-5.2	-7.7	-7.2	-4.6	-4.1	-1.0

Table 10. Periods when AGT moved 5% or more

In this table, we track the price movements in the 20 days after AGT 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
20200324	9.1%	4.1	-.5	.2	7.1	9.6	12.1	11.7
20190503	8.2%	-.5	-1.6	-2.6	-.9	.5	1.7	-.1
20201105	7.7%	1.1	-1.3	-.9	1.2	4.3	7.1	8.5
20200310	7.3%	-7.0	-22.5	-29.2	-25.2	-26.0	-26.4	-21.4
20200506	6.4%	3.3	5.9	6.5	13.2	16.1	14.5	21.0
20200706	5.9%	-.5	.7	.1	.2	3.9	4.2	4.2
20200406	5.6%	2.0	4.4	6.8	6.4	3.8	8.2	6.1
20200313	5.3%	-11.5	-19.1	-14.5	-15.4	-15.9	-10.3	-6.3
20181101	5%	2.6	1.9	-3.1	-1.3	-4.6	-4.1	-5.3
20200224	-5.1%	-4.3	-8.8	-3.6	-21.4	-29.9	-33.2	-41.7
20200327	-6%	.5	1.2	8.2	10.8	13.3	12.9	10.1
20200611	-6.5%	4.5	3.4	2.3	5.1	3.0	4.3	11.1
20200311	-6.9%	-10.7	-14.9	-25.7	-16.2	-20.0	-19.4	-13.9
20180830	-7.5%	4.4	.6	1.1	.9	3.8	10.5	10.1
20200312	-10.7%	5.4	-15.4	-17.5	-5.1	-7.1	-10.5	-.9
20200318	-11.2%	.8	6.5	5.4	4.8	11.8	16.7	18.4
20200316	-11.4%	2.1	-10.8	.6	-3.9	-3.3	3.4	5.8
20200309	-13.4%	7.3	-6.1	-24.6	-26.4	-15.4	-17.2	-20.2
20190812	-24%	.0	-.3	-2.4	-5.6	-9.3	-12.7	-7.8

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

Of the 946 trading days from 2017 to 2020, there were 9 days in which AGT was up 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%	-.7	-3.6	-4.1	-1.6	-.9	.8	2.0

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

Of the 946 trading days from 2017 to 2020, there were 10 days in which AGT was down more than -5%. This table shows the average price changes over the 10 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	1.0	-4.5	-5.6	-5.7	-5.3	-4.5	-2.9

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Also see: VIX price movement study.