Statistics of Price Movements of Victory US Largecap HI Div Vol Wtd ETF (CDL)

The price movements of Victory US Largecap HI Div Vol Wtd ETF (ticker CDL) 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 CDL 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 CDL had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after CDL moved 5% with twice the 30-day average volume

The statistics are calculated using CDL's price data across 1,413 trading days from 2015 to 2020.

Table 1. Statistics of CDL 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 1,413 trading days, 49.1% of the time (693 days), CDL closed above the previous day's closing price. 43.3% of the time (611 days), it closed below the previous day's closing price. 7.6% of the time (108 days), it did not change.

Also see: VIX price movement study.

CDL Price Change (%) Number of Days % of Total Sessions
9 – 10% 1
0.07%
7 – 8% 3
0.21%
6 – 7% 2
0.14%
5 – 6% 1
0.07%
4 – 5% 3
0.21%
3 – 4% 10
0.71%
2 – 3% 19
1.35%
1 – 2% 98
6.94%
0 – 1% 556
39.38%
0% 108
7.65%
0 – -1% 475
33.64%
-1 – -2% 88
6.23%
-2 – -3% 27
1.91%
-3 – -4% 9
0.64%
-4 – -5% 3
0.21%
-5 – -6% 4
0.28%
-6 – -7% 2
0.14%
-9 – -10% 2
0.14%
-10 – -11% 1
0.07%

Table 2. Statistics of CDL: 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 CDL.

43.2% of the time (610 days), CDL closed above the opening price. 47.0% of the time (664 days), it closed below the opening price. 9.8% of the time (139 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
6 – 7% 1
0.07%
4 – 5% 3
0.21%
3 – 4% 7
0.50%
2 – 3% 6
0.42%
1 – 2% 69
4.88%
0 – 1% 524
37.08%
0% 139
9.84%
0 – -1% 569
40.27%
-1 – -2% 67
4.74%
-2 – -3% 23
1.63%
-3 – -4% 3
0.21%
-4 – -5% 2
0.14%

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

In the past 1,413 trading days, CDL 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
0 – 1% 1
50.00%
-1 – -2% 1
50.00%

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

On 1 days, CDL opened 4–5% higher than the previous day's closing price. Of these days, 100.0% (1 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
100.00%

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

3 times CDL 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
3 – 4% 1
33.33%
0 – 1% 1
33.33%
0 – -1% 1
33.33%

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

12 times CDL opened 2 – 3% higher than the previous day's closing price. Among these days, 50.0% (6 days) closed above the opening price, 33.3% (4 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 1
8.33%
1 – 2% 2
16.67%
0 – 1% 3
25.00%
0% 2
16.67%
0 – -1% 4
33.33%

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

52 times CDL opened 1 – 2% higher than the previous day's closing price. Among these days, 48.1% (25 days) closed above the opening price, 42.3% (22 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
4 – 5% 1
1.92%
3 – 4% 1
1.92%
1 – 2% 6
11.54%
0 – 1% 17
32.69%
0% 5
9.62%
0 – -1% 18
34.62%
-1 – -2% 1
1.92%
-2 – -3% 3
5.77%

Table 8. Periods when CDL moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when CDL moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
20200316-10.1% 6.1 -5.5 .4 7.4 2.3 7.1 15.9

Table 10. Periods when CDL moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
202003249.9% 2.1 9.3 4.1 9.0 17.9 11.5 13.3
202011097.5% 1.5 1.2 1.9 3.0 5.1 4.1 6.8
202004067.4% -.3 7.9 2.1 3.7 2.7 8.7 4.3
202003267.2% -2.6 -7.0 -.2 7.7 6.5 5.6 2.4
202003136.9% -10.1 -11.0 -11.6 -5.8 -10.0 -3.5 4.2
202003176.1% -6.9 -15.7 1.4 -.7 -5.8 6.0 6.5
202004085% 3.0 1.9 1.0 -2.0 2.3 3.3 -.2
20200401-5% 2.3 7.0 15.8 9.5 11.3 10.2 16.6
20200323-5.3% 9.9 17.2 11.9 20.1 29.6 28.1 27.1
20150824-5.4% .0 .0 1.2 .9 1.6 2.9 3.6
20200311-5.4% -10.0 -8.2 -18.3 -13.2 -7.1 -11.4 -7.3
20200318-6.8% .2 -.5 6.0 1.3 8.7 17.2 15.9
20200611-6.8% 1.8 3.7 2.1 -.4 .7 .4 -.6
20200309-9.5% 3.9 -5.4 -16.0 -24.0 -8.5 -10.4 -15.0
20200312-9.9% 6.9 -5.0 -14.0 3.4 1.3 -4.0 8.1
20200316-10.1% 6.1 -5.5 .4 7.4 2.3 7.1 15.9

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

Of the 1,413 trading days from 2015 to 2020, there were 7 days in which CDL was up more than 5%. This table shows the average price changes over the 7 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% -1.9 -1.9 -.2 2.1 2.7 5.1 5.3

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

Of the 1,413 trading days from 2015 to 2020, there were 9 days in which CDL was down more than -5%. This table shows the average price changes over the 9 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -5% 2.3 .4 -1.2 .6 4.4 4.5 7.1

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Also see: VIX price movement study.