Statistics of Price Movements of Real Estate Bear 3X Direxion (DRV)

The price movements of Real Estate Bear 3X Direxion (ticker DRV) 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 DRV 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 DRV had a big price move
• Table 11. Statistics of daily price changes in the 20 days after DRV moved 5% with twice the 30-day average volume

The statistics are calculated using DRV's price data across 1,551 trading days from 2015 to 2020.

Table 1. Statistics of DRV 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 1,551 trading days, 43.5% of the time (674 days), DRV closed above the previous day's closing price. 51.7% of the time (802 days), it closed below the previous day's closing price. 4.8% of the time (74 days), it did not change.

Also see: VIX price movement study.

DRV Price Change (%)	Number of Days	% of Total Sessions
53 – 54%	1	0.06%
30 – 31%	2	0.13%
23 – 24%	1	0.06%
19 – 20%	2	0.13%
18 – 19%	1	0.06%
16 – 17%	1	0.06%
15 – 16%	1	0.06%
14 – 15%	1	0.06%
13 – 14%	1	0.06%
12 – 13%	3	0.19%
11 – 12%	4	0.26%
10 – 11%	2	0.13%
9 – 10%	2	0.13%
8 – 9%	9	0.58%
7 – 8%	10	0.65%
6 – 7%	19	1.23%
5 – 6%	33	2.13%
4 – 5%	49	3.16%
3 – 4%	74	4.77%
2 – 3%	99	6.39%
1 – 2%	162	10.45%
0 – 1%	197	12.71%
0%	74	4.77%
0 – -1%	227	14.65%
-1 – -2%	202	13.03%
-2 – -3%	164	10.58%
-3 – -4%	89	5.74%
-4 – -5%	42	2.71%
-5 – -6%	24	1.55%
-6 – -7%	20	1.29%
-7 – -8%	12	0.77%
-8 – -9%	2	0.13%
-9 – -10%	2	0.13%
-10 – -11%	4	0.26%
-11 – -12%	3	0.19%
-12 – -13%	1	0.06%
-13 – -14%	1	0.06%
-14 – -15%	1	0.06%
-17 – -18%	1	0.06%
-18 – -19%	1	0.06%
-19 – -20%	1	0.06%
-20 – -21%	1	0.06%
-21 – -22%	1	0.06%
-22 – -23%	1	0.06%
-25 – -26%	1	0.06%
-26 – -27%	1	0.06%

Table 2. Statistics of DRV: 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 DRV.

42.4% of the time (658 days), DRV closed above the opening price. 53.0% of the time (822 days), it closed below the opening price. 4.6% of the time (71 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
16 – 17%	1	0.06%
15 – 16%	1	0.06%
12 – 13%	2	0.13%
11 – 12%	2	0.13%
10 – 11%	4	0.26%
9 – 10%	6	0.39%
8 – 9%	2	0.13%
7 – 8%	5	0.32%
6 – 7%	15	0.97%
5 – 6%	30	1.93%
4 – 5%	35	2.26%
3 – 4%	74	4.77%
2 – 3%	110	7.09%
1 – 2%	164	10.57%
0 – 1%	207	13.35%
0%	71	4.58%
0 – -1%	260	16.76%
-1 – -2%	221	14.25%
-2 – -3%	162	10.44%
-3 – -4%	83	5.35%
-4 – -5%	35	2.26%
-5 – -6%	23	1.48%
-6 – -7%	14	0.90%
-7 – -8%	4	0.26%
-8 – -9%	6	0.39%
-9 – -10%	2	0.13%
-10 – -11%	1	0.06%
-12 – -13%	2	0.13%
-13 – -14%	3	0.19%
-14 – -15%	3	0.19%
-16 – -17%	2	0.13%
-20 – -21%	1	0.06%

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

In the past 1,551 trading days, DRV opened more than 5% higher than the previous day's closing price 24 times. Of these days, 45.8% (11 days) had closing prices above the opening price, and 54.2% (13 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	3	12.50%
9 – 10%	1	4.17%
6 – 7%	1	4.17%
5 – 6%	2	8.33%
4 – 5%	1	4.17%
3 – 4%	1	4.17%
2 – 3%	1	4.17%
1 – 2%	1	4.17%
0 – -1%	3	12.50%
-2 – -3%	2	8.33%
-3 – -4%	1	4.17%
-4 – -5%	2	8.33%
-5 – -6%	1	4.17%
-9 – -10%	1	4.17%
-10 – -11%	1	4.17%
-13 – -14%	1	4.17%
-14 – -15%	1	4.17%

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

On 10 days, DRV opened 4–5% higher than the previous day's closing price. Of these days, 50.0% (5 days) had closing prices above the opening price, and 50.0% (5 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	2	20.00%
3 – 4%	1	10.00%
2 – 3%	1	10.00%
1 – 2%	1	10.00%
0 – -1%	2	20.00%
-1 – -2%	1	10.00%
-5 – -6%	1	10.00%
-6 – -7%	1	10.00%

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

17 times DRV opened 3 – 4% higher than the previous day's closing price. Among these days, 64.7% (11 days) closed above the opening price, 29.4% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
12 – 13%	1	5.88%
8 – 9%	1	5.88%
5 – 6%	3	17.65%
2 – 3%	4	23.53%
1 – 2%	1	5.88%
0 – 1%	1	5.88%
0%	1	5.88%
0 – -1%	2	11.76%
-1 – -2%	2	11.76%
-2 – -3%	1	5.88%

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

33 times DRV opened 2 – 3% higher than the previous day's closing price. Among these days, 57.6% (19 days) closed above the opening price, 42.4% (14 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
12 – 13%	1	3.03%
9 – 10%	1	3.03%
6 – 7%	1	3.03%
5 – 6%	1	3.03%
4 – 5%	2	6.06%
3 – 4%	4	12.12%
2 – 3%	4	12.12%
1 – 2%	2	6.06%
0 – 1%	3	9.09%
0 – -1%	2	6.06%
-1 – -2%	6	18.18%
-2 – -3%	3	9.09%
-3 – -4%	1	3.03%
-4 – -5%	1	3.03%
-5 – -6%	1	3.03%

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

157 times DRV opened 1 – 2% higher than the previous day's closing price. Among these days, 47.1% (74 days) closed above the opening price, 51.6% (81 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	0.64%
7 – 8%	2	1.27%
5 – 6%	2	1.27%
4 – 5%	5	3.18%
3 – 4%	10	6.37%
2 – 3%	14	8.92%
1 – 2%	21	13.38%
0 – 1%	19	12.10%
0%	2	1.27%
0 – -1%	19	12.10%
-1 – -2%	27	17.20%
-2 – -3%	12	7.64%
-3 – -4%	7	4.46%
-4 – -5%	6	3.82%
-5 – -6%	4	2.55%
-6 – -7%	2	1.27%
-7 – -8%	1	0.64%
-8 – -9%	3	1.91%

Table 8. Periods when DRV moved 15% or more

In this table, we track the price movements in the 20 days after DRV 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
20200316	53.8%	-19.2	16.3	-15.3	-39.3	-23.6	-39.6	-60.0
20200312	30.9%	-26.0	19.9	53.9	-25.4	-25.8	-9.1	-45.1
20200318	30.3%	-2.0	-6.0	-38.8	-26.0	-40.7	-62.0	-60.8
20200309	23.9%	-13.5	-.8	60.7	106.2	-.1	-.6	21.8
20200401	19.5%	-1.8	-22.5	-48.7	-41.1	-38.4	-36.8	-45.5
20200611	19.3%	-10.9	-16.3	-9.1	-3.9	-7.9	-13.4	-7.9
20200311	18.2%	31.0	20.5	73.5	26.3	-9.4	14.0	-10.0
20200323	16.1%	-26.7	-52.3	-42.4	-53.7	-70.4	-69.4	-68.1
20200227	15.3%	7.7	-16.6	15.8	55.1	42.7	105.5	49.6
20200409	-17.1%	.0	14.7	20.0	23.0	6.1	16.1	22.1
20200518	-18%	3.8	-3.0	-19.1	-23.7	-30.7	-40.4	-31.8
20200317	-19.2%	30.4	67.2	-18.9	-19.3	-1.2	-40.3	-44.5
20200408	-20%	-17.1	-14.4	-10.7	-.0	-9.6	-12.7	-3.8
20200406	-21.7%	-3.4	-36.0	-26.6	-23.2	-21.3	-32.1	-25.7
20200326	-22.6%	-1.7	18.9	-4.6	-38.9	-37.0	-34.2	-26.4
20200313	-25.9%	53.8	58.7	52.3	-.9	19.8	-3.9	-38.5
20200324	-26.7%	-14.5	-38.7	-22.8	-39.0	-59.6	-53.7	-51.5

Table 8a. DRV average price changes following a 15% up day

Of the 1,551 trading days from 2015 to 2020, there were 9 days in which DRV was up more than 15%. 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 ≥ 15%	-6.8	-6.4	5.5	-.2	-19.3	-12.4	-25.1

Table 8b. DRV average price changes following a 15% down day

Of the 1,551 trading days from 2015 to 2020, there were 8 days in which DRV was down more than -15%. This table shows the average price changes over the 8 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	6.4	8.4	-3.8	-15.3	-16.7	-25.1	-25.0

Table 9. Periods when DRV moved 10% or more

In this table, we track the price movements in the 20 days after DRV 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
20200316	53.8%	-19.2	16.3	-15.3	-39.3	-23.6	-39.6	-60.0
20200312	30.9%	-26.0	19.9	53.9	-25.4	-25.8	-9.1	-45.1
20200318	30.3%	-2.0	-6.0	-38.8	-26.0	-40.7	-62.0	-60.8
20200309	23.9%	-13.5	-.8	60.7	106.2	-.1	-.6	21.8
20200401	19.5%	-1.8	-22.5	-48.7	-41.1	-38.4	-36.8	-45.5
20200611	19.3%	-10.9	-16.3	-9.1	-3.9	-7.9	-13.4	-7.9
20200311	18.2%	31.0	20.5	73.5	26.3	-9.4	14.0	-10.0
20200323	16.1%	-26.7	-52.3	-42.4	-53.7	-70.4	-69.4	-68.1
20200227	15.3%	7.7	-16.6	15.8	55.1	42.7	105.5	49.6
20150824	14%	8.1	-5.7	2.9	7.8	5.6	-3.4	-9.5
20200512	13.7%	7.4	-11.8	-10.8	-24.0	-27.7	-40.6	-49.9
20200320	12.7%	16.2	-43.7	-44.0	-31.4	-58.5	-61.4	-59.2
20181224	12.5%	.0	-10.8	-5.3	-12.9	-22.1	-23.8	-27.4
20200413	12.1%	-8.0	-3.9	7.5	-2.7	-6.1	3.5	-3.5
20160909	11.9%	-3.7	1.4	-1.2	-11.0	-10.8	-.2	10.2
20200420	11.3%	4.6	1.6	-15.4	-1.9	-2.5	6.9	15.1
20181217	11.2%	-2.9	8.3	9.5	7.7	13.4	-1.0	-5.6
20200415	11%	3.4	9.4	6.3	-11.5	2.6	2.1	11.9
20200501	10.1%	1.4	.8	10.5	19.0	-1.1	-5.4	-22.3
20150306	10%	-2.6	-7.8	-10.4	-22.3	-15.8	-18.6	-18.1
20181226	-10%	-.2	-1.7	-.5	-9.8	-12.8	-18.8	-18.3
20200427	-10.4%	-2.8	6.4	11.9	3.4	24.8	7.7	.7
20201109	-10.6%	-4.2	-9.7	-7.9	-7.9	-9.7	-9.2	-13.3
20200612	-10.9%	-3.9	-2.9	3.2	14.3	-3.6	-2.7	5.3
20200526	-11.2%	-6.1	-11.4	-19.5	-30.8	-20.7	-25.5	-19.1
20200304	-11.3%	7.7	20.1	37.7	123.0	186.1	38.7	38.0
20200605	-11.5%	-7.4	25.0	-.3	12.5	24.8	19.8	8.2
20200302	-12.8%	.3	-.5	26.2	88.2	94.2	86.3	21.2
20200310	-13.4%	18.2	76.4	82.0	74.6	13.6	37.3	10.2
20200325	-14.4%	-22.7	-23.0	-5.7	-43.0	-47.0	-44.0	-40.7
20200409	-17.1%	.0	14.7	20.0	23.0	6.1	16.1	22.1
20200518	-18%	3.8	-3.0	-19.1	-23.7	-30.7	-40.4	-31.8
20200317	-19.2%	30.4	67.2	-18.9	-19.3	-1.2	-40.3	-44.5
20200408	-20%	-17.1	-14.4	-10.7	-.0	-9.6	-12.7	-3.8
20200406	-21.7%	-3.4	-36.0	-26.6	-23.2	-21.3	-32.1	-25.7
20200326	-22.6%	-1.7	18.9	-4.6	-38.9	-37.0	-34.2	-26.4
20200313	-25.9%	53.8	58.7	52.3	-.9	19.8	-3.9	-38.5
20200324	-26.7%	-14.5	-38.7	-22.8	-39.0	-59.6	-53.7	-51.5

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

Of the 1,551 trading days from 2015 to 2020, there were 20 days in which DRV was up more than 10%. This table shows the average price changes over the 20 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-1.9	-6.0	-.0	-4.3	-14.8	-12.7	-19.2

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

Of the 1,551 trading days from 2015 to 2020, there were 18 days in which DRV was down more than -10%. This table shows the average price changes over the 18 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	1.7	8.1	5.4	5.7	6.4	-6.2	-11.5

Table 10. Periods when DRV moved 5% or more

In this table, we track the price movements in the 20 days after DRV 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
20200316	53.8%	-19.2	16.3	-15.3	-39.3	-23.6	-39.6	-60.0
20200312	30.9%	-26.0	19.9	53.9	-25.4	-25.8	-9.1	-45.1
20200318	30.3%	-2.0	-6.0	-38.8	-26.0	-40.7	-62.0	-60.8
20200309	23.9%	-13.5	-.8	60.7	106.2	-.1	-.6	21.8
20200401	19.5%	-1.8	-22.5	-48.7	-41.1	-38.4	-36.8	-45.5
20200611	19.3%	-10.9	-16.3	-9.1	-3.9	-7.9	-13.4	-7.9
20200311	18.2%	31.0	20.5	73.5	26.3	-9.4	14.0	-10.0
20200323	16.1%	-26.7	-52.3	-42.4	-53.7	-70.4	-69.4	-68.1
20200227	15.3%	7.7	-16.6	15.8	55.1	42.7	105.5	49.6
20150824	14%	8.1	-5.7	2.9	7.8	5.6	-3.4	-9.5
20200512	13.7%	7.4	-11.8	-10.8	-24.0	-27.7	-40.6	-49.9
20200320	12.7%	16.2	-43.7	-44.0	-31.4	-58.5	-61.4	-59.2
20181224	12.5%	.0	-10.8	-5.3	-12.9	-22.1	-23.8	-27.4
20200413	12.1%	-8.0	-3.9	7.5	-2.7	-6.1	3.5	-3.5
20160909	11.9%	-3.7	1.4	-1.2	-11.0	-10.8	-.2	10.2
20200420	11.3%	4.6	1.6	-15.4	-1.9	-2.5	6.9	15.1
20181217	11.2%	-2.9	8.3	9.5	7.7	13.4	-1.0	-5.6
20200415	11%	3.4	9.4	6.3	-11.5	2.6	2.1	11.9
20200501	10.1%	1.4	.8	10.5	19.0	-1.1	-5.4	-22.3
20150306	10%	-2.6	-7.8	-10.4	-22.3	-15.8	-18.6	-18.1
20151106	9.2%	4.6	3.2	3.1	-4.2	-4.9	-5.1	1.0
20200923	9.1%	-1.5	-11.7	-22.0	-22.1	-26.2	-20.9	-17.5
20150206	8.8%	2.0	-1.9	.8	1.3	4.5	3.5	6.1
20180205	8.8%	.2	1.7	1.9	-2.3	3.4	4.2	4.1
20200921	8.8%	-3.3	-2.6	-7.3	-19.0	-21.7	-18.3	-14.7
20181011	8.7%	.7	-6.1	-3.7	-11.6	-11.6	-6.8	-15.7
20160208	8.6%	5.5	3.8	-4.5	-11.5	-15.9	-20.9	-23.9
20180208	8.6%	-7.8	-7.7	-11.4	-6.3	-5.5	-5.6	-11.4
20200624	8.6%	-3.7	-7.8	-13.3	-7.7	-3.4	-5.4	-6.7
20160120	8.1%	-1.7	-13.9	-12.5	-12.7	.2	7.2	-1.8
20150825	8%	-8.0	-6.9	-5.7	-4.8	-8.0	-13.9	-18.4
20161027	7.8%	-.9	4.9	-.5	7.5	.5	3.5	-.1
20200225	7.8%	4.0	12.7	7.8	20.2	37.9	123.3	186.5
20200610	7.8%	19.3	-4.8	7.4	19.1	14.3	3.3	9.2
20200305	7.7%	4.0	31.8	96.6	102.9	94.7	26.6	53.1
20160913	7.6%	-1.0	-5.0	-13.2	-11.8	-8.7	6.3	4.6
20200228	7.6%	-12.8	-16.5	-7.0	6.7	72.8	121.7	7.5
20200513	7.4%	-1.2	-14.8	-20.3	-33.6	-37.4	-43.1	-51.1
20200331	7.3%	19.5	-4.1	-38.6	-36.6	-33.9	-26.0	-33.0
20201028	7.2%	-4.3	-14.7	-14.6	-27.8	-33.1	-30.6	-30.9
20190102	7.1%	-1.7	-14.2	-18.2	-21.7	-23.3	-22.8	-29.9
20190416	6.9%	3.3	4.4	-2.6	-3.7	-8.3	-1.2	-5.4
20161101	6.7%	4.3	-1.1	6.9	-.1	2.9	-.7	-3.7
20161214	6.7%	1.6	-6.6	-3.0	-1.6	-8.9	-14.9	-10.1
20150219	6.6%	-3.1	.0	-.9	1.5	9.2	3.4	-6.1
20150831	6.6%	5.8	7.2	5.7	-1.3	-10.4	-9.0	-9.4
20160511	6.6%	-2.0	3.6	9.0	4.9	2.8	.8	.4
20200918	6.6%	8.9	13.2	1.4	-10.4	-10.5	-15.2	-9.1
20150505	6.5%	.8	-3.9	-7.7	-9.0	-7.2	-7.8	-7.5
20180201	6.5%	2.4	13.2	13.0	10.2	12.5	9.6	16.7
20181026	6.4%	-3.4	-3.9	-6.5	-10.5	-10.3	-11.1	-9.7
20190626	6.4%	-3.7	-9.7	-12.0	-15.6	-11.4	-10.5	-8.4
20150409	6.2%	.2	2.0	2.2	.2	.6	9.2	16.7
20171219	6.2%	3.5	2.8	-1.5	-.4	5.5	11.5	15.5
20151202	6.1%	4.7	-.3	3.9	-6.6	-3.0	-7.2	-11.6
20150130	6%	.7	-4.3	5.3	4.4	2.0	2.8	12.4
20150429	6%	4.9	8.5	-.2	6.2	-2.1	.6	3.0
20160205	6%	8.7	16.3	6.6	-.9	-2.6	-6.5	-17.2
20161005	6%	-.1	1.5	-3.2	-6.3	-5.4	6.8	7.5
20180227	6%	.5	-3.1	-6.6	-9.4	-11.7	-6.4	-2.7
20150224	5.9%	-.0	-1.0	1.5	9.1	3.4	-6.1	-12.8
20200626	5.8%	-5.8	-14.9	-10.1	-9.0	-10.3	-7.6	-11.8
20200917	5.8%	6.6	22.5	6.0	.7	-4.2	-8.4	-1.4
20150901	5.7%	-3.2	1.4	-.7	-9.1	-14.9	-15.6	-10.1
20150904	5.7%	.0	-2.1	-10.4	-16.1	-16.8	-11.3	-17.7
20201118	5.7%
20160517	5.6%	4.5	5.4	.7	-.9	-3.7	-5.3	-4.5
20170706	5.6%	-1.6	-2.3	-7.8	-8.0	-7.7	-9.1	-8.3
20180924	5.6%	-.5	-2.9	3.1	1.5	14.1	5.9	5.6
20181212	5.6%	-2.4	6.5	18.6	20.0	18.0	24.2	8.5
20200707	5.6%	.6	5.3	3.2	1.8	.7	-13.4	-7.8
20150821	5.5%	14.1	6.9	21.4	23.0	21.3	13.2	2.9
20180221	5.5%	-2.9	-2.1	-2.2	-8.2	-11.0	-11.4	-10.7
20190507	5.5%	.8	-3.4	-7.5	-6.4	-7.8	-1.1	-3.2
20160107	5.4%	4.5	8.8	11.7	16.7	2.2	3.9	3.7
20160127	5.4%	2.6	-1.6	1.6	14.2	14.6	2.5	-1.5
20160209	5.4%	-1.9	-1.6	-12.0	-15.4	-19.1	-26.7	-28.3
20170308	5.4%	4.5	5.0	-2.3	-.9	.1	-3.4	-5.8
20180515	5.4%	1.3	-1.5	-4.8	-7.2	-11.3	-14.0	-14.2
20180613	5.4%	-2.7	-2.0	-9.6	-8.5	-9.5	-15.2	-15.2
20150407	5.3%	-.4	6.5	7.0	7.6	5.4	12.9	14.9
20160421	5.3%	-3.1	-6.4	-7.8	-13.2	-18.8	-12.6	-6.4
20161003	5.3%	4.2	11.0	8.1	6.5	4.5	5.4	17.1
20180323	5.3%	-3.3	-11.7	-10.9	-11.7	-10.9	-10.8	-10.0
20190719	5.3%	.8	-1.0	-5.0	-4.6	-5.3	-9.5	-8.2
20190805	5.3%	-2.8	-10.5	-5.8	-13.5	-13.9	-11.3	-14.4
20150325	5.2%	1.9	-1.0	-2.8	-1.2	5.7	6.2	6.7
20161110	5.1%	-2.1	-6.0	-2.9	-7.1	-12.3	-8.3	-17.4
20180104	5.1%	.0	5.7	9.6	10.7	1.8	5.0	5.6
20191105	5.1%	-.7	2.5	.0	-3.6	1.8	-4.5	1.3
20200506	5.1%	-4.1	5.1	13.1	-6.0	-10.0	-26.1	-30.7
20200819	5.1%	-2.7	-5.7	-9.1	-12.0	-4.2	-2.1	-14.0
20160802	5%	1.6	2.3	4.4	6.8	8.5	8.4	6.5
20151005	-5%	.7	-4.8	-2.5	-12.3	-13.9	-11.3	-8.6
20201002	-5%	-1.7	-5.0	-.7	3.6	7.2	9.8	17.9
20170814	-5.2%	1.2	4.9	-.4	1.2	-1.6	-2.1	-5.0
20190702	-5.2%	-3.8	-3.8	-3.0	-1.5	4.4	1.3	.8
20150312	-5.3%	.3	-8.9	-15.4	-6.9	-9.6	-11.2	-9.7
20160922	-5.3%	-1.1	-.9	10.8	22.3	24.2	18.6	14.7
20161122	-5.3%	1.1	-1.9	3.2	-4.1	-11.5	-7.3	-13.0
20180131	-5.3%	6.6	19.1	20.8	21.0	16.1	22.8	23.8
20190321	-5.3%	1.8	-.1	-2.7	-3.4	-1.4	-5.4	5.8
20200728	-5.3%	-5.8	.3	-3.5	-4.0	-3.2	.3	-4.9
20150122	-5.4%	.6	.0	6.0	.8	10.9	9.9	7.4
20180427	-5.4%	.4	-1.1	-4.8	-7.9	.7	-2.1	-5.3
20160216	-5.5%	-2.6	-9.7	-14.2	-19.3	-22.4	-21.8	-26.9
20150514	-5.7%	-2.9	-1.1	.6	.7	2.9	11.4	11.9
20150827	-5.7%	.6	9.8	15.1	12.7	3.1	-3.5	-4.3
20200330	-5.7%	7.3	31.5	-20.5	-26.1	-21.9	-17.3	-19.7
20150911	-5.8%	-.3	-9.4	-8.0	-8.4	-9.5	-17.3	-21.6
20151204	-5.8%	.9	5.0	.7	-.5	-5.9	-7.3	-7.3
20200629	-5.8%	-3.9	-9.6	-3.9	.6	-1.4	-2.8	-3.8
20200729	-5.8%	1.8	1.8	-1.8	-1.1	-.1	3.6	.5
20200902	-5.8%	3.4	5.4	3.2	3.5	16.2	17.0	11.4
20151216	-5.9%	1.4	2.5	-.7	-4.5	1.8	1.9	6.3
20160105	-5.9%	.9	8.7	16.5	16.9	14.1	14.7	9.7
20201103	-5.9%	-.4	-10.5	-12.4	-22.1	-17.5	-19.2	-15.3
20160129	-6%	-.8	-.7	20.8	18.9	9.4	1.4	-3.7
20200527	-6%	-1.5	-7.6	-24.2	-20.6	-18.9	-18.1	-12.9
20160225	-6.1%	1.4	-8.1	-10.1	-8.0	-14.4	-20.3	-16.7
20161207	-6.1%	-1.9	-3.6	-.1	.1	-.1	-2.4	-7.0
20150318	-6.2%	.1	-4.7	1.2	.0	-5.5	5.3	5.2
20160126	-6.2%	5.4	.8	1.0	22.8	20.8	11.2	3.0
20160628	-6.2%	-3.9	-7.1	-5.9	-12.2	-11.5	-13.3	-16.0
20170315	-6.2%	.6	.7	-1.0	-1.2	-4.4	-6.2	-10.1
20200925	-6.2%	-6.2	-11.0	-15.3	-19.0	-12.8	-8.4	-9.6
20200928	-6.2%	2.0	-9.9	-10.0	-14.7	-8.6	-4.7	-5.2
20181016	-6.3%	1.1	3.6	-4.8	-4.8	.3	-9.2	-9.9
20190605	-6.3%	-.3	-.8	-3.6	-6.8	-2.5	3.1	-3.3
20151102	-6.4%	2.9	12.5	13.6	16.2	11.7	8.7	4.3
20201001	-6.4%	-5.1	-5.2	-10.2	-3.7	.4	-.2	17.0
20190108	-6.6%	-.2	-3.6	-10.1	-9.6	-13.3	-20.4	-22.8
20200701	-6.7%	.9	6.7	7.9	6.4	9.6	4.7	-1.9
20160329	-6.8%	.6	-.5	2.8	-.5	.1	3.4	2.9
20200601	-6.8%	-2.0	-19.6	-15.8	-14.0	-13.1	-7.7	2.3
20200616	-6.8%	4.9	14.0	20.5	15.4	8.6	15.5	20.9
20201102	-6.9%	-6.0	-5.8	-20.4	-26.2	-23.5	-23.8	-23.1
20161114	-7%	2.7	5.8	2.1	-1.0	4.2	-3.2	-10.7
20160311	-7.1%	-.2	-7.8	-4.1	-2.5	-11.0	-11.9	-9.0
20200914	-7.2%	-3.8	6.9	22.8	6.3	1.0	-3.9	-8.1
20181206	-7.3%	3.7	11.4	22.1	27.7	48.7	32.7	40.8
20200508	-7.4%	4.1	25.7	8.5	1.5	-15.4	-20.3	-27.6
20200608	-7.4%	5.0	20.3	13.0	22.8	29.8	24.3	16.9
20180328	-7.5%	-.4	.6	-.3	.6	.7	1.6	4.2
20150320	-7.6%	.5	10.5	7.3	5.4	7.2	14.6	15.2
20201113	-7.7%	-2.9	.7	.4	1.2	3.1	-1.4	2.8
20180209	-7.8%	-.3	-2.7	-.8	-3.3	3.0	-.8	-4.3
20150826	-7.9%	-5.8	6.9	8.4	6.9	-.3	-9.4	-8.0
20200414	-7.9%	11.1	16.2	19.1	2.8	12.4	18.3	9.2
20160301	-8%	-2.3	-4.5	-2.2	-9.0	-15.3	-11.5	-13.7
20160122	-8.1%	1.6	3.1	-1.1	2.1	14.8	15.2	3.0
20200417	-9.1%	11.4	14.1	-1.5	7.7	13.3	4.7	26.3
20200603	-9.8%	2.9	-11.5	1.4	-4.7	3.5	9.4	4.8
20181226	-10%	-.2	-1.7	-.5	-9.8	-12.8	-18.8	-18.3
20200427	-10.4%	-2.8	6.4	11.9	3.4	24.8	7.7	.7
20201109	-10.6%	-4.2	-9.7	-7.9	-7.9	-9.7	-9.2	-13.3
20200612	-10.9%	-3.9	-2.9	3.2	14.3	-3.6	-2.7	5.3
20200526	-11.2%	-6.1	-11.4	-19.5	-30.8	-20.7	-25.5	-19.1
20200304	-11.3%	7.7	20.1	37.7	123.0	186.1	38.7	38.0
20200605	-11.5%	-7.4	25.0	-.3	12.5	24.8	19.8	8.2
20200302	-12.8%	.3	-.5	26.2	88.2	94.2	86.3	21.2
20200310	-13.4%	18.2	76.4	82.0	74.6	13.6	37.3	10.2
20200325	-14.4%	-22.7	-23.0	-5.7	-43.0	-47.0	-44.0	-40.7
20200409	-17.1%	.0	14.7	20.0	23.0	6.1	16.1	22.1
20200518	-18%	3.8	-3.0	-19.1	-23.7	-30.7	-40.4	-31.8
20200317	-19.2%	30.4	67.2	-18.9	-19.3	-1.2	-40.3	-44.5
20200408	-20%	-17.1	-14.4	-10.7	-.0	-9.6	-12.7	-3.8
20200406	-21.7%	-3.4	-36.0	-26.6	-23.2	-21.3	-32.1	-25.7
20200326	-22.6%	-1.7	18.9	-4.6	-38.9	-37.0	-34.2	-26.4
20200313	-25.9%	53.8	58.7	52.3	-.9	19.8	-3.9	-38.5
20200324	-26.7%	-14.5	-38.7	-22.8	-39.0	-59.6	-53.7	-51.5

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

Of the 1,551 trading days from 2015 to 2020, there were 93 days in which DRV was up more than 5%. This table shows the average price changes over the 93 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	.2	-1.5	-.7	-2.7	-4.9	-3.9	-6.2

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

Of the 1,551 trading days from 2015 to 2020, there were 78 days in which DRV was down more than -5%. This table shows the average price changes over the 78 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.7	2.7	1.4	.8	1.7	-1.9	-3.7

28 stocks with statistics: AAPL, AMD, AMZN, APPN, AZN, BA, BAC, BIIB, CRM, CSCO, CX, DIS, FB, GE, GM, GOOG, IBM, INTC, JPM, JPM, MSFT, MU, NFLX, O, QQQ, SPY, T, TSLA,

Also see: VIX price movement study.