Statistics of Price Movements of Victory Intl Vol Wtd ETF (CIL)

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

The statistics are calculated using CIL's price data across 1,356 trading days from 2015 to 2020.

Table 1. Statistics of CIL 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 1,356 trading days, 40.2% of the time (545 days), CIL closed above the previous day's closing price. 35.6% of the time (482 days), it closed below the previous day's closing price. 24.2% of the time (328 days), it did not change.

Also see: VIX price movement study.

CIL Price Change (%) Number of Days % of Total Sessions
10 – 11% 1
0.07%
7 – 8% 1
0.07%
6 – 7% 1
0.07%
5 – 6% 1
0.07%
4 – 5% 4
0.30%
3 – 4% 7
0.52%
2 – 3% 28
2.07%
1 – 2% 105
7.75%
0 – 1% 397
29.30%
0% 328
24.21%
0 – -1% 358
26.42%
-1 – -2% 79
5.83%
-2 – -3% 30
2.21%
-3 – -4% 4
0.30%
-4 – -5% 4
0.30%
-5 – -6% 2
0.15%
-6 – -7% 1
0.07%
-7 – -8% 1
0.07%
-8 – -9% 1
0.07%
-10 – -11% 2
0.15%

Table 2. Statistics of CIL: 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 CIL.

29.1% of the time (394 days), CIL closed above the opening price. 29.1% of the time (394 days), it closed below the opening price. 41.9% of the time (568 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
3 – 4% 2
0.15%
2 – 3% 3
0.22%
1 – 2% 23
1.70%
0 – 1% 366
26.99%
0% 568
41.89%
0 – -1% 359
26.47%
-1 – -2% 26
1.92%
-2 – -3% 5
0.37%
-3 – -4% 1
0.07%
-4 – -5% 2
0.15%
-10 – -11% 1
0.07%

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

In the past 1,356 trading days, CIL 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 25.0% (1 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
1 – 2% 1
25.00%
0 – 1% 1
25.00%
0% 1
25.00%
-10 – -11% 1
25.00%

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

On 3 days, CIL opened 4–5% higher than the previous day's closing price. Of these days, 33.3% (1 days) had closing prices above the opening price, and 33.3% (1 days) had closing prices below the opening price.

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

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

4 times CIL opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (2 days) closed above the opening price, 25.0% (1 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
0 – 1% 2
50.00%
0% 1
25.00%
-1 – -2% 1
25.00%

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

28 times CIL opened 2 – 3% higher than the previous day's closing price. Among these days, 25.0% (7 days) closed above the opening price, 42.9% (12 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
1 – 2% 2
7.14%
0 – 1% 5
17.86%
0% 9
32.14%
0 – -1% 7
25.00%
-1 – -2% 1
3.57%
-2 – -3% 3
10.71%
-4 – -5% 1
3.57%

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

93 times CIL opened 1 – 2% higher than the previous day's closing price. Among these days, 39.8% (37 days) closed above the opening price, 36.6% (34 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
3 – 4% 1
1.08%
2 – 3% 1
1.08%
1 – 2% 2
2.15%
0 – 1% 33
35.48%
0% 22
23.66%
0 – -1% 31
33.33%
-1 – -2% 3
3.23%

Table 8. Periods when CIL moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when CIL moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
2020110910.2%
20200312-10.7% 5.9 -9.0 -7.1 7.7 5.8 2.2 7.5
20200316-10.8% 4.0 -.8 9.6 12.8 9.1 13.7 16.3

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

Of the 1,356 trading days from 2015 to 2020, there were 1 days in which CIL was up more than 10%. This table shows the average price changes over the 1 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 10% -1.2 -.0 .7 1.2 3.8 4.0 .0

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

Of the 1,356 trading days from 2015 to 2020, there were 2 days in which CIL 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% 5.0 -4.9 1.2 10.3 7.5 8.0 11.9

Table 10. Periods when CIL moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
2020110910.2%
202003247.6% 3.4 6.5 2.9 7.3 9.7 7.7 7.9
202005186% -1.6 .2 2.0 6.5 9.4 11.1 6.5
202003135.8% -10.9 -9.8 -5.5 -1.2 -4.3 .4 3.7
20200225-5.1% -.0 -4.3 -2.3 -9.0 -18.3 -29.8 -28.3
20150930-5.5% .0 2.2 5.9 5.0 6.1 6.1 8.1
20200309-6.5% 2.8 -7.7 -20.7 -19.0 -6.0 -7.7 -10.9
20200318-7.3% 5.0 10.0 15.0 11.3 16.8 20.6 21.9
20160627-8.7% 3.3 5.2 4.3 3.9 3.9 8.0 8.9
20200312-10.7% 5.9 -9.0 -7.1 7.7 5.8 2.2 7.5
20200316-10.8% 4.0 -.8 9.6 12.8 9.1 13.7 16.3

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

Of the 1,356 trading days from 2015 to 2020, there were 4 days in which CIL was up more than 5%. This table shows the average price changes over the 4 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% -2.6 -.8 .1 3.4 4.6 5.8 4.5

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

Of the 1,356 trading days from 2015 to 2020, there were 7 days in which CIL was down 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% 3.0 -.6 .7 1.8 2.5 1.9 3.4

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Also see: VIX price movement study.