Statistics of Price Movements of Emisphere Tech (EMIS)

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

The statistics are calculated using EMIS's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of EMIS 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 1,549 trading days, 42.2% of the time (654 days), EMIS closed above the previous day's closing price. 43.6% of the time (675 days), it closed below the previous day's closing price. 14.1% of the time (219 days), it did not change.

Also see: VIX price movement study.

EMIS Price Change (%)	Number of Days	% of Total Sessions
53 – 54%	1	0.06%
45 – 46%	1	0.06%
30 – 31%	1	0.06%
28 – 29%	1	0.06%
27 – 28%	1	0.06%
25 – 26%	1	0.06%
24 – 25%	1	0.06%
23 – 24%	1	0.06%
21 – 22%	1	0.06%
20 – 21%	1	0.06%
19 – 20%	1	0.06%
17 – 18%	3	0.19%
16 – 17%	2	0.13%
15 – 16%	7	0.45%
14 – 15%	9	0.58%
13 – 14%	7	0.45%
12 – 13%	14	0.90%
11 – 12%	17	1.10%
10 – 11%	12	0.78%
9 – 10%	18	1.16%
8 – 9%	23	1.49%
7 – 8%	27	1.74%
6 – 7%	24	1.55%
5 – 6%	36	2.33%
4 – 5%	43	2.78%
3 – 4%	59	3.81%
2 – 3%	86	5.56%
1 – 2%	105	6.78%
0 – 1%	151	9.75%
0%	219	14.15%
0 – -1%	169	10.92%
-1 – -2%	137	8.85%
-2 – -3%	97	6.27%
-3 – -4%	59	3.81%
-4 – -5%	38	2.45%
-5 – -6%	48	3.10%
-6 – -7%	28	1.81%
-7 – -8%	27	1.74%
-8 – -9%	20	1.29%
-9 – -10%	15	0.97%
-10 – -11%	9	0.58%
-11 – -12%	5	0.32%
-12 – -13%	3	0.19%
-13 – -14%	3	0.19%
-14 – -15%	4	0.26%
-15 – -16%	1	0.06%
-16 – -17%	3	0.19%
-17 – -18%	2	0.13%
-18 – -19%	2	0.13%
-19 – -20%	2	0.13%
-21 – -22%	1	0.06%
-22 – -23%	1	0.06%
-33 – -34%	1	0.06%

Table 2. Statistics of EMIS: 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 EMIS.

45.8% of the time (709 days), EMIS closed above the opening price. 39.4% of the time (611 days), it closed below the opening price. 14.8% of the time (229 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
35 – 36%	1	0.06%
27 – 28%	2	0.13%
24 – 25%	1	0.06%
23 – 24%	1	0.06%
22 – 23%	3	0.19%
21 – 22%	3	0.19%
19 – 20%	3	0.19%
17 – 18%	2	0.13%
16 – 17%	2	0.13%
15 – 16%	1	0.06%
14 – 15%	9	0.58%
13 – 14%	6	0.39%
12 – 13%	10	0.65%
11 – 12%	20	1.29%
10 – 11%	17	1.10%
9 – 10%	20	1.29%
8 – 9%	31	2.00%
7 – 8%	21	1.36%
6 – 7%	28	1.81%
5 – 6%	31	2.00%
4 – 5%	57	3.68%
3 – 4%	69	4.45%
2 – 3%	99	6.39%
1 – 2%	123	7.94%
0 – 1%	149	9.62%
0%	229	14.78%
0 – -1%	136	8.78%
-1 – -2%	136	8.78%
-2 – -3%	99	6.39%
-3 – -4%	59	3.81%
-4 – -5%	44	2.84%
-5 – -6%	30	1.94%
-6 – -7%	22	1.42%
-7 – -8%	21	1.36%
-8 – -9%	15	0.97%
-9 – -10%	8	0.52%
-10 – -11%	8	0.52%
-11 – -12%	7	0.45%
-12 – -13%	8	0.52%
-13 – -14%	1	0.06%
-14 – -15%	4	0.26%
-15 – -16%	3	0.19%
-17 – -18%	5	0.32%
-19 – -20%	1	0.06%
-20 – -21%	1	0.06%
-21 – -22%	1	0.06%
-22 – -23%	1	0.06%
-23 – -24%	1	0.06%

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

In the past 1,549 trading days, EMIS opened more than 5% higher than the previous day's closing price 90 times. Of these days, 24.4% (22 days) had closing prices above the opening price, and 62.2% (56 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
35 – 36%	1	1.11%
21 – 22%	1	1.11%
9 – 10%	1	1.11%
8 – 9%	1	1.11%
7 – 8%	1	1.11%
6 – 7%	1	1.11%
5 – 6%	2	2.22%
4 – 5%	4	4.44%
3 – 4%	2	2.22%
2 – 3%	3	3.33%
1 – 2%	2	2.22%
0 – 1%	3	3.33%
0%	12	13.33%
0 – -1%	6	6.67%
-1 – -2%	12	13.33%
-2 – -3%	4	4.44%
-3 – -4%	2	2.22%
-4 – -5%	5	5.56%
-5 – -6%	4	4.44%
-6 – -7%	2	2.22%
-7 – -8%	3	3.33%
-8 – -9%	1	1.11%
-9 – -10%	1	1.11%
-10 – -11%	3	3.33%
-11 – -12%	4	4.44%
-12 – -13%	3	3.33%
-13 – -14%	1	1.11%
-14 – -15%	3	3.33%
-17 – -18%	1	1.11%
-23 – -24%	1	1.11%

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

On 29 days, EMIS opened 4–5% higher than the previous day's closing price. Of these days, 41.4% (12 days) had closing prices above the opening price, and 51.7% (15 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
9 – 10%	1	3.45%
8 – 9%	1	3.45%
6 – 7%	1	3.45%
5 – 6%	2	6.90%
3 – 4%	1	3.45%
2 – 3%	2	6.90%
1 – 2%	2	6.90%
0 – 1%	2	6.90%
0%	2	6.90%
-1 – -2%	5	17.24%
-2 – -3%	2	6.90%
-3 – -4%	3	10.34%
-4 – -5%	1	3.45%
-5 – -6%	1	3.45%
-6 – -7%	2	6.90%
-8 – -9%	1	3.45%

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

48 times EMIS opened 3 – 4% higher than the previous day's closing price. Among these days, 37.5% (18 days) closed above the opening price, 56.3% (27 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
16 – 17%	1	2.08%
13 – 14%	1	2.08%
12 – 13%	1	2.08%
11 – 12%	1	2.08%
10 – 11%	1	2.08%
9 – 10%	1	2.08%
8 – 9%	1	2.08%
7 – 8%	1	2.08%
6 – 7%	1	2.08%
4 – 5%	2	4.17%
3 – 4%	3	6.25%
1 – 2%	1	2.08%
0 – 1%	3	6.25%
0%	3	6.25%
-1 – -2%	5	10.42%
-2 – -3%	5	10.42%
-3 – -4%	12	25.00%
-4 – -5%	1	2.08%
-5 – -6%	1	2.08%
-7 – -8%	1	2.08%
-8 – -9%	1	2.08%
-17 – -18%	1	2.08%

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

56 times EMIS opened 2 – 3% higher than the previous day's closing price. Among these days, 30.4% (17 days) closed above the opening price, 60.7% (34 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	2	3.57%
7 – 8%	1	1.79%
6 – 7%	1	1.79%
4 – 5%	1	1.79%
3 – 4%	3	5.36%
2 – 3%	3	5.36%
1 – 2%	2	3.57%
0 – 1%	4	7.14%
0%	5	8.93%
0 – -1%	4	7.14%
-1 – -2%	6	10.71%
-2 – -3%	10	17.86%
-3 – -4%	2	3.57%
-4 – -5%	5	8.93%
-5 – -6%	2	3.57%
-7 – -8%	1	1.79%
-8 – -9%	2	3.57%
-10 – -11%	1	1.79%
-12 – -13%	1	1.79%

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

100 times EMIS opened 1 – 2% higher than the previous day's closing price. Among these days, 33.0% (33 days) closed above the opening price, 59.0% (59 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
22 – 23%	1	1.00%
11 – 12%	2	2.00%
10 – 11%	1	1.00%
9 – 10%	1	1.00%
6 – 7%	2	2.00%
4 – 5%	5	5.00%
3 – 4%	4	4.00%
2 – 3%	4	4.00%
1 – 2%	5	5.00%
0 – 1%	8	8.00%
0%	8	8.00%
0 – -1%	8	8.00%
-1 – -2%	14	14.00%
-2 – -3%	16	16.00%
-3 – -4%	4	4.00%
-4 – -5%	6	6.00%
-5 – -6%	2	2.00%
-6 – -7%	2	2.00%
-7 – -8%	2	2.00%
-8 – -9%	2	2.00%
-10 – -11%	1	1.00%
-12 – -13%	1	1.00%
-20 – -21%	1	1.00%

Table 8. Periods when EMIS moved 15% or more

In this table, we track the price movements in the 20 days after EMIS 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
20150220	53.6%	-19.8	-8.9	-5.7	1.5	34.6	22.0	15.5
20180514	45.9%	-18.8	12.2	-1.0	14.2	43.7	42.1	32.0
20180423	30%	-3.8	3.1	.0	46.2	66.2	146.2	240.0
20190314	28.4%	17.1	2.9	-13.9	-9.6	-9.0	-7.2	-5.4
20180507	27.5%	2.1	42.1	89.5	158.9	121.1	142.1	209.5
20180511	25%	45.9	52.6	77.0	66.7	83.7	122.2	92.6
20180420	24.9%	30.0	28.0	30.0	49.0	100.0	294.0	312.0
20170817	23.7%	.8	20.0	20.0	46.7	46.6	43.3	43.3
20170816	21.2%	23.7	52.2	56.7	64.5	65.0	77.3	75.2
20180102	20.6%	.0	-5.7	.0	5.7	-.1	-2.9	-2.9
20150120	19.9%	-16.5	.0	2.8	6.9	-5.5	8.3	8.3
20150619	17.4%	8.9	5.5	23.0	30.7	38.6	38.6	46.1
20170830	17.2%	10.3	10.3	7.8	7.8	1.6	-12.2	-14.7
20190315	17.1%	-14.3	-12.0	-18.6	-22.8	-20.9	-20.3	-18.4
20150814	16.9%	-5.8	.8	-8.7	-5.8	-14.5	-22.9	-11.6
20160331	16%	4.6	3.1	.7	1.5	2.8	.8	-.8
20160223	15.9%	-10.1	-6.4	.9	-2.7	3.7	14.5	16.5
20180222	15.9%	-10.3	.0	.0	-5.0	-9.4	-10.0	-7.0
20190313	15.3%	28.5	31.2	10.5	20.2	18.1	19.2	20.6
20150113	15.1%	-5.3	-21.0	-9.2	4.5	.0	-1.3	2.6
20171013	15.1%	.0	5.3	-3.9	-2.7	5.3	4.2	-2.6
20160309	15%	-9.5	3.3	4.9	3.3	-4.9	6.6	9.8
20180607	15%	.0	.8	-16.5	-2.7	-11.2	-7.7	-4.2
20160609	-15.1%	11.6	14.7	14.7	10.1	5.4	14.0	16.3
20191121	-16.2%	3.7	-8.2	3.1	11.2	19.0	18.8	7.4
20150121	-16.5%	14.8	32.1	26.4	24.8	29.7	31.4	43.0
20190322	-16.5%	.2	5.2	5.8	7.9	10.0	11.2	11.2
20150904	-17.5%	.0	14.7	13.0	9.0	8.1	5.2	-2.3
20190923	-17.5%	-5.9	7.7	7.7	6.5	5.3	-1.4	-7.0
20180523	-18.4%	7.7	17.9	50.8	15.9	42.1	30.8	15.4
20180515	-18.7%	12.5	53.7	31.2	43.7	83.7	41.2	73.1
20180606	-19.2%	15.0	19.0	4.4	-1.8	4.9	1.3	10.2
20150223	-19.8%	12.6	13.6	23.9	42.0	62.3	46.0	52.1
20150406	-21.4%	11.6	38.9	26.3	13.7	1.1	9.5	6.9
20150810	-22.6%	5.2	19.0	19.8	5.2	10.3	-5.2	-8.3
20170814	-33.3%	-9.0	37.6	63.7	63.7	100.1	100.0	95.5

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

Of the 1,549 trading days from 2015 to 2020, there were 23 days in which EMIS was up more than 15%. This table shows the average price changes over the 23 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	2.5	9.5	10.7	20.7	24.1	39.0	45.9

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

Of the 1,549 trading days from 2015 to 2020, there were 13 days in which EMIS was down more than -15%. This table shows the average price changes over the 13 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	6.1	20.5	22.4	19.4	29.4	23.3	24.1

Table 9. Periods when EMIS moved 10% or more

In this table, we track the price movements in the 20 days after EMIS 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
20150220	53.6%	-19.8	-8.9	-5.7	1.5	34.6	22.0	15.5
20180514	45.9%	-18.8	12.2	-1.0	14.2	43.7	42.1	32.0
20180423	30%	-3.8	3.1	.0	46.2	66.2	146.2	240.0
20190314	28.4%	17.1	2.9	-13.9	-9.6	-9.0	-7.2	-5.4
20180507	27.5%	2.1	42.1	89.5	158.9	121.1	142.1	209.5
20180511	25%	45.9	52.6	77.0	66.7	83.7	122.2	92.6
20180420	24.9%	30.0	28.0	30.0	49.0	100.0	294.0	312.0
20170817	23.7%	.8	20.0	20.0	46.7	46.6	43.3	43.3
20170816	21.2%	23.7	52.2	56.7	64.5	65.0	77.3	75.2
20180102	20.6%	.0	-5.7	.0	5.7	-.1	-2.9	-2.9
20150120	19.9%	-16.5	.0	2.8	6.9	-5.5	8.3	8.3
20150619	17.4%	8.9	5.5	23.0	30.7	38.6	38.6	46.1
20170830	17.2%	10.3	10.3	7.8	7.8	1.6	-12.2	-14.7
20190315	17.1%	-14.3	-12.0	-18.6	-22.8	-20.9	-20.3	-18.4
20150814	16.9%	-5.8	.8	-8.7	-5.8	-14.5	-22.9	-11.6
20160331	16%	4.6	3.1	.7	1.5	2.8	.8	-.8
20160223	15.9%	-10.1	-6.4	.9	-2.7	3.7	14.5	16.5
20180222	15.9%	-10.3	.0	.0	-5.0	-9.4	-10.0	-7.0
20190313	15.3%	28.5	31.2	10.5	20.2	18.1	19.2	20.6
20150113	15.1%	-5.3	-21.0	-9.2	4.5	.0	-1.3	2.6
20171013	15.1%	.0	5.3	-3.9	-2.7	5.3	4.2	-2.6
20160309	15%	-9.5	3.3	4.9	3.3	-4.9	6.6	9.8
20180607	15%	.0	.8	-16.5	-2.7	-11.2	-7.7	-4.2
20150122	14.7%	-7.2	10.1	10.1	14.5	10.1	13.0	24.3
20150209	14.6%	-2.6	.0	10.0	26.4	43.6	48.7	60.0
20150626	14.4%	-1.6	8.2	14.8	8.2	21.0	21.3	4.9
20180517	14.4%	7.3	-5.3	9.2	37.4	35.9	26.2	27.2
20150310	14.2%	3.4	-6.3	-11.3	-3.3	-8.1	-13.8	-40.6
20150909	14.2%	-4.7	-6.1	-9.4	-10.2	-12.5	-18.8	-18.0
20150319	14.1%	5.6	-2.8	1.4	-14.8	-25.4	-7.0	-15.5
20180531	14.1%	3.9	-20.1	-2.1	-9.9	-20.5	-9.2	-23.0
20170928	14%	-14.8	-19.9	-19.9	-17.4	-7.3	.2	-3.7
20180621	13.9%	1.6	-13.8	-1.2	-2.0	-5.1	-4.3	-5.1
20160601	13.8%	.7	-1.8	-16.8	-14.5	-14.5	-18.0	-21.4
20190212	13.7%	3.2	12.1	34.3	21.3	31.7	30.8	32.4
20200407	13.6%	5.0	-3.0	-2.3	-9.4	-8.0	-7.8	-9.9
20150408	13.2%	-1.7	2.5	-6.7	-15.0	-15.0	-14.7	-18.3
20191107	13.1%	2.9	-3.5	-11.5	-33.2	-34.9	-31.2	-28.0
20170125	13%	-13.3	-.0	-.1	1.9	-.0	-1.9	-1.9
20160523	12.9%	2.9	7.1	23.6	21.4	-7.9	5.7	12.1
20160614	12.9%	.0	.0	-4.1	-8.1	-.7	1.4	7.6
20190211	12.9%	13.8	27.5	43.3	49.2	50.8	49.2	48.9
20171120	12.8%	-2.5	-1.3	.0	-3.8	-6.3	-13.9	-11.4
20180206	12.7%	-2.9	-21.5	.0	.0	2.6	14.3	14.3
20150224	12.5%	11.7	5.4	8.1	44.1	37.1	12.1	36.9
20150507	12.5%	-14.4	-.0	-2.8	-9.1	-16.7	-25.9	-24.4
20150126	12.4%	10.3	5.6	4.2	8.3	9.7	19.4	70.8
20180516	12.4%	14.4	32.8	25.0	37.8	66.7	44.4	49.4
20160314	12.3%	-.8	.8	-.8	-8.7	2.4	5.5	2.4
20191129	12.2%	.0	7.8	15.4	15.2	4.2	12.0	24.2
20150309	12.1%	14.3	8.7	-11.1	8.6	1.7	-5.7	-13.6
20170621	12.1%	-.1	-1.1	-4.3	-2.2	-6.5	-1.3	-4.3
20170619	12%	-10.8	-2.1	-1.0	-3.9	-2.1	-8.6	-6.4
20170822	11.9%	-2.4	-2.4	19.2	19.2	16.5	16.5	9.8
20181126	11.9%	8.9	-5.5	.4	2.6	6.0	.0	-3.8
20200304	11.9%	.0	-6.1	-16.3	-35.6	-36.2	-24.1	-21.3
20150410	11.8%	-3.0	-13.6	-18.2	-27.3	-20.2	-27.3	-18.2
20151103	11.8%	-2.3	-1.5	3.0	.0	-3.0	2.3	6.4
20150225	11.7%	-9.7	-6.5	.6	33.5	21.0	14.5	24.8
20160610	11.6%	-9.0	1.4	8.3	-.0	-2.8	2.1	2.8
20150407	11.5%	13.2	20.8	7.5	1.9	-9.4	-.6	-9.4
20180521	11.3%	-2.8	-8.5	.8	22.0	5.7	9.3	-4.1
20190925	11.3%	3.4	3.7	1.7	.6	-.6	-7.8	-18.2
20160114	11.2%	-5.5	-9.4	-2.3	-7.0	-9.4	-9.4	-11.7
20170313	11.1%	-1.8	.0	.0	.0	-4.0	-6.0	-8.0
20180504	11.1%	27.5	45.0	114.8	196.6	161.7	202.0	279.9
20191227	11.1%	9.7	.1	1.6	2.6	7.0	14.7	20.3
20151008	11%	-3.2	-9.2	10.2	15.4	6.1	2.7	9.5
20170511	11%	6.6	2.2	4.3	4.3	2.2	-4.0	2.2
20191028	11%	3.3	.7	-12.3	-.4	-5.6	-16.4	-31.3
20150729	10.9%	4.2	.0	5.6	-16.9	-8.5	-2.0	-11.3
20180213	10.9%	4.9	9.8	31.1	31.1	31.1	27.9	24.6
20180417	10.7%	.0	62.5	60.0	62.5	86.2	150.0	392.5
20190326	10.6%	-1.9	-3.6	-2.6	-1.6	.3	-1.7	.2
20170525	10.4%	-4.2	-3.7	-5.5	-10.5	-2.0	-12.7	-2.0
20170831	10.3%	-9.1	-9.1	-6.8	-2.3	-13.6	-22.7	-20.5
20150127	10.2%	-4.3	-4.3	-.5	-4.3	-1.8	8.1	24.2
20150217	10.2%	-.2	14.7	30.2	34.9	45.1	92.4	74.4
20180412	10.1%	5.3	5.3	71.1	68.4	71.1	96.1	163.2
20201106	10.1%	-.5	.5	.8	.8	2.1	2.6	2.6
20150112	10%	15.2	-9.1	-8.9	9.1	12.1	16.7	3.1
20160226	10%	-5.4	2.0	-1.6	4.8	15.8	17.8	16.9
20160224	-10%	-.0	10.2	14.3	24.5	29.6	30.6	28.5
20200316	-10.1%	-5.7	-10.4	-1.1	6.6	-1.5	17.9	23.0
20180223	-10.2%	8.6	11.4	8.6	5.8	-1.9	5.8	3.9
20160608	-10.5%	-15.1	-2.6	3.3	2.6	-7.2	-10.5	-1.3
20160506	-10.6%	5.9	.0	3.4	5.1	32.0	27.1	47.7
20170620	-10.7%	12.2	13.4	11.0	7.7	2.4	8.5	9.8
20150325	-10.8%	3.2	-4.3	-12.3	-13.0	-7.2	-17.4	-21.7
20150821	-10.8%	-1.6	3.2	-11.3	-14.2	3.2	-3.1	-6.5
20170616	-10.8%	12.1	12.1	11.0	7.3	9.7	4.9	10.7
20180411	-11%	10.1	15.9	44.9	78.2	86.9	94.1	181.1
20160308	-11.6%	15.1	19.8	20.7	18.8	18.8	5.6	26.4
20191023	-11.6%	-3.1	18.0	15.0	.2	13.7	7.8	-4.5
20200312	-11.6%	3.5	-20.4	-21.1	-6.1	-2.6	-10.5	15.2
20150116	-11.7%	.0	15.0	32.3	26.6	25.0	30.0	31.6
20150402	-12.3%	.0	-.8	5.8	-5.8	-10.7	-20.7	-12.9
20150831	-12.3%	-3.5	-6.7	12.3	5.4	1.8	.8	-1.8
20190617	-12.5%	2.3	15.7	11.7	14.9	12.4	12.6	8.6
20170126	-13.2%	6.4	15.3	15.2	17.5	17.5	10.9	10.8
20150318	-13.6%	14.1	24.4	18.2	10.9	-23.6	-5.1	-1.1
20150206	-13.8%	14.7	16.1	26.4	80.8	82.3	72.0	76.4
20180212	-14%	11.0	21.9	25.5	41.9	45.6	41.9	38.3
20190318	-14.3%	1.8	-14.3	-6.8	-8.4	-7.5	-6.5	-4.7
20150508	-14.4%	8.2	7.8	14.3	3.9	-2.6	-4.8	-9.1
20170929	-14.8%	8.8	-5.9	3.1	11.7	17.6	10.3	16.1
20160609	-15.1%	11.6	14.7	14.7	10.1	5.4	14.0	16.3
20191121	-16.2%	3.7	-8.2	3.1	11.2	19.0	18.8	7.4
20150121	-16.5%	14.8	32.1	26.4	24.8	29.7	31.4	43.0
20190322	-16.5%	.2	5.2	5.8	7.9	10.0	11.2	11.2
20150904	-17.5%	.0	14.7	13.0	9.0	8.1	5.2	-2.3
20190923	-17.5%	-5.9	7.7	7.7	6.5	5.3	-1.4	-7.0
20180523	-18.4%	7.7	17.9	50.8	15.9	42.1	30.8	15.4
20180515	-18.7%	12.5	53.7	31.2	43.7	83.7	41.2	73.1
20180606	-19.2%	15.0	19.0	4.4	-1.8	4.9	1.3	10.2
20150223	-19.8%	12.6	13.6	23.9	42.0	62.3	46.0	52.1
20150406	-21.4%	11.6	38.9	26.3	13.7	1.1	9.5	6.9
20150810	-22.6%	5.2	19.0	19.8	5.2	10.3	-5.2	-8.3
20170814	-33.3%	-9.0	37.6	63.7	63.7	100.1	100.0	95.5

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

Of the 1,549 trading days from 2015 to 2020, there were 82 days in which EMIS was up more than 10%. This table shows the average price changes over the 82 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	1.4	3.8	7.8	12.3	12.9	19.0	25.9

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

Of the 1,549 trading days from 2015 to 2020, there were 37 days in which EMIS was down more than -10%. This table shows the average price changes over the 37 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	5.1	11.4	14.5	15.5	19.3	16.4	21.0

Table 10. Periods when EMIS moved 5% or more

In this table, we track the price movements in the 20 days after EMIS 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
20150220	53.6%	-19.8	-8.9	-5.7	1.5	34.6	22.0	15.5
20180514	45.9%	-18.8	12.2	-1.0	14.2	43.7	42.1	32.0
20180423	30%	-3.8	3.1	.0	46.2	66.2	146.2	240.0
20190314	28.4%	17.1	2.9	-13.9	-9.6	-9.0	-7.2	-5.4
20180507	27.5%	2.1	42.1	89.5	158.9	121.1	142.1	209.5
20180511	25%	45.9	52.6	77.0	66.7	83.7	122.2	92.6
20180420	24.9%	30.0	28.0	30.0	49.0	100.0	294.0	312.0
20170817	23.7%	.8	20.0	20.0	46.7	46.6	43.3	43.3
20170816	21.2%	23.7	52.2	56.7	64.5	65.0	77.3	75.2
20180102	20.6%	.0	-5.7	.0	5.7	-.1	-2.9	-2.9
20150120	19.9%	-16.5	.0	2.8	6.9	-5.5	8.3	8.3
20150619	17.4%	8.9	5.5	23.0	30.7	38.6	38.6	46.1
20170830	17.2%	10.3	10.3	7.8	7.8	1.6	-12.2	-14.7
20190315	17.1%	-14.3	-12.0	-18.6	-22.8	-20.9	-20.3	-18.4
20150814	16.9%	-5.8	.8	-8.7	-5.8	-14.5	-22.9	-11.6
20160331	16%	4.6	3.1	.7	1.5	2.8	.8	-.8
20160223	15.9%	-10.1	-6.4	.9	-2.7	3.7	14.5	16.5
20180222	15.9%	-10.3	.0	.0	-5.0	-9.4	-10.0	-7.0
20190313	15.3%	28.5	31.2	10.5	20.2	18.1	19.2	20.6
20150113	15.1%	-5.3	-21.0	-9.2	4.5	.0	-1.3	2.6
20171013	15.1%	.0	5.3	-3.9	-2.7	5.3	4.2	-2.6
20160309	15%	-9.5	3.3	4.9	3.3	-4.9	6.6	9.8
20180607	15%	.0	.8	-16.5	-2.7	-11.2	-7.7	-4.2
20150122	14.7%	-7.2	10.1	10.1	14.5	10.1	13.0	24.3
20150209	14.6%	-2.6	.0	10.0	26.4	43.6	48.7	60.0
20150626	14.4%	-1.6	8.2	14.8	8.2	21.0	21.3	4.9
20180517	14.4%	7.3	-5.3	9.2	37.4	35.9	26.2	27.2
20150310	14.2%	3.4	-6.3	-11.3	-3.3	-8.1	-13.8	-40.6
20150909	14.2%	-4.7	-6.1	-9.4	-10.2	-12.5	-18.8	-18.0
20150319	14.1%	5.6	-2.8	1.4	-14.8	-25.4	-7.0	-15.5
20180531	14.1%	3.9	-20.1	-2.1	-9.9	-20.5	-9.2	-23.0
20170928	14%	-14.8	-19.9	-19.9	-17.4	-7.3	.2	-3.7
20180621	13.9%	1.6	-13.8	-1.2	-2.0	-5.1	-4.3	-5.1
20160601	13.8%	.7	-1.8	-16.8	-14.5	-14.5	-18.0	-21.4
20190212	13.7%	3.2	12.1	34.3	21.3	31.7	30.8	32.4
20200407	13.6%	5.0	-3.0	-2.3	-9.4	-8.0	-7.8	-9.9
20150408	13.2%	-1.7	2.5	-6.7	-15.0	-15.0	-14.7	-18.3
20191107	13.1%	2.9	-3.5	-11.5	-33.2	-34.9	-31.2	-28.0
20170125	13%	-13.3	-.0	-.1	1.9	-.0	-1.9	-1.9
20160523	12.9%	2.9	7.1	23.6	21.4	-7.9	5.7	12.1
20160614	12.9%	.0	.0	-4.1	-8.1	-.7	1.4	7.6
20190211	12.9%	13.8	27.5	43.3	49.2	50.8	49.2	48.9
20171120	12.8%	-2.5	-1.3	.0	-3.8	-6.3	-13.9	-11.4
20180206	12.7%	-2.9	-21.5	.0	.0	2.6	14.3	14.3
20150224	12.5%	11.7	5.4	8.1	44.1	37.1	12.1	36.9
20150507	12.5%	-14.4	-.0	-2.8	-9.1	-16.7	-25.9	-24.4
20150126	12.4%	10.3	5.6	4.2	8.3	9.7	19.4	70.8
20180516	12.4%	14.4	32.8	25.0	37.8	66.7	44.4	49.4
20160314	12.3%	-.8	.8	-.8	-8.7	2.4	5.5	2.4
20191129	12.2%	.0	7.8	15.4	15.2	4.2	12.0	24.2
20150309	12.1%	14.3	8.7	-11.1	8.6	1.7	-5.7	-13.6
20170621	12.1%	-.1	-1.1	-4.3	-2.2	-6.5	-1.3	-4.3
20170619	12%	-10.8	-2.1	-1.0	-3.9	-2.1	-8.6	-6.4
20170822	11.9%	-2.4	-2.4	19.2	19.2	16.5	16.5	9.8
20181126	11.9%	8.9	-5.5	.4	2.6	6.0	.0	-3.8
20200304	11.9%	.0	-6.1	-16.3	-35.6	-36.2	-24.1	-21.3
20150410	11.8%	-3.0	-13.6	-18.2	-27.3	-20.2	-27.3	-18.2
20151103	11.8%	-2.3	-1.5	3.0	.0	-3.0	2.3	6.4
20150225	11.7%	-9.7	-6.5	.6	33.5	21.0	14.5	24.8
20160610	11.6%	-9.0	1.4	8.3	-.0	-2.8	2.1	2.8
20150407	11.5%	13.2	20.8	7.5	1.9	-9.4	-.6	-9.4
20180521	11.3%	-2.8	-8.5	.8	22.0	5.7	9.3	-4.1
20190925	11.3%	3.4	3.7	1.7	.6	-.6	-7.8	-18.2
20160114	11.2%	-5.5	-9.4	-2.3	-7.0	-9.4	-9.4	-11.7
20170313	11.1%	-1.8	.0	.0	.0	-4.0	-6.0	-8.0
20180504	11.1%	27.5	45.0	114.8	196.6	161.7	202.0	279.9
20191227	11.1%	9.7	.1	1.6	2.6	7.0	14.7	20.3
20151008	11%	-3.2	-9.2	10.2	15.4	6.1	2.7	9.5
20170511	11%	6.6	2.2	4.3	4.3	2.2	-4.0	2.2
20191028	11%	3.3	.7	-12.3	-.4	-5.6	-16.4	-31.3
20150729	10.9%	4.2	.0	5.6	-16.9	-8.5	-2.0	-11.3
20180213	10.9%	4.9	9.8	31.1	31.1	31.1	27.9	24.6
20180417	10.7%	.0	62.5	60.0	62.5	86.2	150.0	392.5
20190326	10.6%	-1.9	-3.6	-2.6	-1.6	.3	-1.7	.2
20170525	10.4%	-4.2	-3.7	-5.5	-10.5	-2.0	-12.7	-2.0
20170831	10.3%	-9.1	-9.1	-6.8	-2.3	-13.6	-22.7	-20.5
20150127	10.2%	-4.3	-4.3	-.5	-4.3	-1.8	8.1	24.2
20150217	10.2%	-.2	14.7	30.2	34.9	45.1	92.4	74.4
20180412	10.1%	5.3	5.3	71.1	68.4	71.1	96.1	163.2
20201106	10.1%	-.5	.5	.8	.8	2.1	2.6	2.6
20150112	10%	15.2	-9.1	-8.9	9.1	12.1	16.7	3.1
20160226	10%	-5.4	2.0	-1.6	4.8	15.8	17.8	16.9
20150601	9.9%	-6.8	-6.8	-5.7	-9.1	-2.3	19.5	38.6
20170905	9.9%	-9.1	-6.8	-2.3	-13.6	-22.7	-20.4	-15.9
20180326	9.9%	.0	1.3	1.3	3.9	-1.3	3.9	29.9
20190430	9.9%	7.6	10.5	7.9	1.3	5.0	6.6	7.4
20171113	9.7%	-1.3	-11.4	-2.5	.0	-5.1	-3.8	-11.4
20190104	9.7%	3.6	5.3	6.2	5.0	7.5	10.2	8.4
20190214	9.7%	-1.0	11.2	15.8	17.0	15.8	15.5	33.6
20191230	9.7%	-.8	-2.1	-9.1	-5.4	.1	8.1	15.1
20170609	9.5%	.0	.0	-10.9	-2.2	-1.1	-4.0	-2.2
20170615	9.5%	-10.9	.0	1.1	-1.1	-4.0	-8.7	-3.3
20171010	9.5%	-8.7	8.4	14.1	4.2	5.5	14.1	13.0
20150903	9.3%	-17.5	-.8	-6.8	-10.1	-10.9	-13.2	-13.2
20151015	9.3%	6.0	16.9	11.1	2.6	12.8	9.4	21.4
20170131	9.3%	.0	-.1	1.9	1.9	-3.8	-3.8	-1.9
20180215	9.3%	-4.3	-1.4	11.4	14.3	11.4	8.6	.6
20200807	9.3%	-5.8	.8	-.4	-5.6	-6.8	-9.6	-6.0
20160726	9%	.0	-8.3	-2.8	.0	-9.7	-8.3	-5.6
20171214	9%	-2.8	-2.8	-6.1	-16.7	-2.8	-4.1	.0
20150622	8.9%	-4.4	10.9	12.7	23.6	21.8	27.3	32.7
20151215	8.9%	.0	-8.1	-6.6	-9.6	-7.5	-12.3	-17.8
20170821	8.9%	11.9	15.3	21.0	21.4	30.4	28.9	24.4
20181127	8.9%	-2.3	-10.2	-6.6	-4.1	-10.2	-9.9	-11.7
20200324	8.8%	6.9	15.3	6.5	27.6	33.1	25.5	19.6
20171002	8.7%	-8.6	-10.8	-13.5	2.7	8.1	-1.3	-.0
20190219	8.7%	3.3	7.6	8.7	7.6	7.3	24.1	60.0
20191226	8.7%	11.1	21.0	16.0	11.3	16.0	27.4	34.5
20170324	8.6%	.0	-4.0	-6.0	-8.0	-2.0	-4.0	-4.0
20180226	8.6%	2.6	2.6	.0	-2.6	-12.4	-1.3	-10.3
20170809	8.5%	-7.8	-47.3	-20.4	-5.2	-5.2	15.9	15.8
20160122	8.4%	-1.5	-6.2	-8.6	-8.6	-11.0	-13.3	-24.3
20190208	8.4%	13.0	45.6	56.7	63.3	63.7	63.0	67.8
20160722	8.3%	-7.0	-8.5	-7.7	.0	1.4	-10.2	-2.8
20180329	8.3%	.0	.0	2.6	-2.5	2.6	28.2	57.7
20150511	8.2%	.0	-2.0	.4	-4.0	-14.0	-18.0	-18.0
20160525	8.1%	.1	-2.4	11.7	-2.4	-15.9	-6.3	.1
20170224	8.1%	.0	-5.9	.0	-11.7	-3.9	-2.0	-9.8
20171018	8.1%	.0	-8.7	-7.5	.0	-1.0	-7.5	-2.5
20171030	8.1%	.0	-8.5	-5.0	-1.3	-8.8	-3.8	-2.5
20171106	8.1%	-4.0	-9.1	-1.5	-.2	-2.8	-1.2	-.2
20160701	8%	.0	.7	.7	-4.8	-4.8	-10.2	-11.6
20180510	8%	25.0	66.7	127.8	94.4	113.0	172.2	109.3
20150513	7.9%	-7.8	-2.2	-11.1	-16.7	-18.5	-22.2	-25.0
20160922	7.9%	-6.7	-6.0	-7.3	-6.0	-9.1	-8.7	-10.1
20150106	7.8%	6.0	9.3	12.6	19.2	6.0	25.8	25.8
20180530	7.8%	14.1	12.9	4.8	5.6	-12.5	2.0	-6.9
20200406	7.8%	13.6	18.5	11.8	6.5	8.0	4.7	3.8
20200914	7.8%	-2.5	-6.4	-3.3	-1.8	.5	-2.8	-1.1
20190619	7.7%	5.3	2.7	4.3	2.0	2.2	-1.3	-1.8
20150818	7.6%	-.7	-12.9	-8.6	-21.4	-24.0	-8.6	-14.1
20151110	7.6%	1.4	-7.1	-4.3	-4.3	.1	2.0	.0
20180524	7.6%	7.1	18.1	42.9	23.8	28.1	12.4	5.7
20190501	7.6%	.2	2.6	-2.8	-4.0	-2.2	-.9	.2
20151230	7.5%	-4.9	-9.9	-9.9	-19.0	-14.8	-17.6	-10.6
20160617	7.5%	-5.7	-9.6	-13.4	-6.4	-4.5	1.4	-10.8
20161031	7.4%	.2	-4.1	-4.8	-.5	-.5	-1.2	-1.2
20161207	7.4%	-5.5	-2.3	-7.7	-6.2	-9.2	-9.1	-9.2
20170907	7.4%	.0	.0	-5.8	-18.6	-20.9	-20.9	-25.6
20181012	7.4%	-5.7	-10.9	-10.0	-10.9	-10.9	-11.7	-13.9
20150902	7.2%	9.3	-5.1	1.9	1.7	-2.7	1.7	-6.8
20180518	7.2%	11.3	-5.0	4.1	33.0	2.3	25.3	15.4
20200103	7.2%	-2.8	-6.8	-2.8	6.8	12.7	18.6	21.6
20150518	7.1%	.6	-8.6	-14.3	-16.2	-20.0	-22.9	-21.0
20160307	7.1%	-11.6	-5.8	4.0	5.8	5.0	-5.0	13.3
20160421	7.1%	.2	-1.3	.6	1.0	-8.2	-9.2	-5.1
20180525	7.1%	.0	25.8	24.4	15.6	16.4	-3.6	12.4
20150805	7%	-4.1	-19.7	-9.2	-8.6	-19.7	-15.8	-27.6
20160516	7%	-4.0	-2.4	22.6	18.0	37.1	33.8	13.3
20170118	7%	-1.2	-14.0	-10.3	-2.8	-2.9	-.9	-.9
20190606	6.9%	-.8	3.4	-13.4	.5	-2.0	-.5	-2.7
20200325	6.9%	2.1	5.9	-2.7	25.3	15.7	16.5	8.1
20200513	6.8%	.5	-4.0	-4.7	-7.3	-3.9	-3.0	-3.9
20160129	6.7%	-.8	-5.1	-10.2	-13.4	-21.3	-26.0	-22.8
20150625	6.6%	14.4	16.3	27.6	25.7	31.3	37.0	27.6
20170512	6.6%	-2.1	-2.0	-6.2	-6.2	-5.8	-7.5	-12.5
20190221	6.6%	-5.4	-5.2	-5.6	-2.8	-2.4	69.5	48.9
20160914	6.5%	-2.7	-.4	-4.8	-4.1	-5.4	-4.1	-7.2
20170725	6.5%	-1.7	-10.6	-9.5	-21.8	-26.3	-45.8	-26.3
20180611	6.5%	-2.9	-14.8	-19.9	-14.4	-17.3	-10.1	-11.2
20200327	6.5%	-.9	-8.4	9.6	14.4	7.9	2.8	4.2
20150702	6.4%	.0	6.1	6.0	11.8	3.0	-1.5	7.6
20170127	6.4%	-1.0	8.3	8.3	10.4	9.3	4.2	-1.7
20171227	6.4%	-9.1	6.1	4.5	9.1	6.1	5.8	3.0
20150826	6.3%	-4.5	-17.9	-20.6	-4.5	-10.3	-13.4	-14.3
20150427	6.2%	2.0	-.4	-5.9	-2.0	-2.4	3.5	-5.9
20170303	6.2%	.0	-9.8	-3.7	-2.0	-2.0	-2.0	-5.9
20151020	6.1%	-.7	-5.7	-12.9	-4.2	-7.1	3.0	-5.7
20180105	6.1%	-4.3	1.4	7.2	1.4	-1.4	-1.4	-7.2
20180202	6.1%	-8.6	-8.7	-10.2	-1.4	1.6	14.8	17.8
20191025	6.1%	11.1	13.2	1.2	13.4	6.3	-2.5	-26.4
20150713	6%	.0	4.3	-2.8	-7.1	5.7	1.5	7.2
20161220	6%	.0	-3.3	-3.1	-3.3	-5.1	-8.2	-17.9
20171220	6%	-5.7	-11.4	-17.1	.0	-5.7	.0	5.7
20150107	5.9%	-9.3	18.8	-6.2	-6.1	12.5	15.6	20.3
20151016	5.9%	4.7	9.7	.8	-2.4	4.0	4.8	9.7
20160301	5.9%	3.7	11.1	2.2	16.6	18.5	16.6	7.4
20160509	5.9%	-4.0	-5.0	-.8	12.0	24.8	21.6	39.2
20170712	5.9%	2.0	-1.1	1.0	-1.1	-10.1	-9.0	-21.3
20191206	5.9%	-.5	4.2	-6.5	-4.4	.0	32.6	21.1
20160830	5.8%	-.7	-9.0	-8.3	-4.9	-2.8	-4.2	-2.8
20180116	5.7%	-8.1	-7.3	-10.8	-12.2	-8.2	-8.1	-25.7
20150320	5.6%	1.3	-5.1	-12.0	-19.3	-20.0	-14.7	-24.0
20170824	5.6%	-.1	4.9	5.2	13.1	11.7	7.8	-7.9
20190920	5.6%	-17.6	-10.7	-10.4	-12.2	-13.2	-14.1	-20.4
20180319	5.5%	1.3	-7.9	-5.3	-2.7	2.6	2.1	5.3
20150715	5.4%	.0	-7.9	-11.9	-3.8	-1.1	-1.2	-17.3
20160621	5.4%	.0	-9.6	-12.8	-3.8	-2.6	-12.2	-10.3
20170504	5.4%	.0	-9.9	4.4	4.4	.0	.0	.4
20180403	5.4%	.0	2.6	-2.5	2.6	28.2	57.7	65.4
20150205	5.3%	-13.9	-1.3	-1.3	1.3	40.5	41.8	54.7
20150304	5.3%	-1.8	30.9	24.5	1.8	24.4	16.5	8.0
20160803	5.3%	1.4	4.3	-5.8	-4.3	-1.4	2.2	4.3
20171025	5.3%	2.7	4.0	-4.8	-1.2	2.7	-5.1	.1
20171201	5.3%	-3.8	-6.3	-13.9	-11.4	-11.4	-14.4	-24.1
20180131	5.3%	-6.5	2.2	-6.5	-6.5	-2.1	16.9	16.9
20180316	5.3%	5.6	3.6	6.9	8.3	8.3	11.1	5.6
20190620	5.3%	-.3	-3.8	-1.0	-3.2	-3.0	-6.4	-7.1
20191219	5.3%	-.5	4.0	38.0	25.9	27.7	29.0	34.5
20150908	5.2%	14.3	7.3	3.6	2.6	.0	-.1	-7.1
20170509	5.2%	-9.8	4.5	4.6	.1	.1	.6	-1.3
20180413	5.2%	-9.7	.0	56.2	67.5	62.5	137.5	170.0
20200528	5.2%	.2	-.7	-3.5	-4.3	-2.6	-4.1	-3.1
20200728	5.2%	-1.5	.6	4.3	12.3	16.7	9.4	3.3
20150811	5.1%	-3.3	6.6	14.0	3.3	6.6	-3.3	-12.8
20190426	5.1%	3.4	22.8	25.6	19.0	17.5	19.8	21.3
20160511	5%	-6.3	-3.2	-1.6	23.7	19.0	38.3	34.9
20180628	5%	4.8	8.7	6.6	4.8	4.8	4.4	4.4
20200408	5%	-.7	-4.8	-8.3	-12.6	-10.9	-14.4	-13.9
20201105	5%	10.2	9.3	11.0	11.0	11.2	12.8	13.1
20150416	-5%	-1.8	-10.5	-10.5	-10.2	-14.0	-18.9	-5.3
20160921	-5%	8.0	1.4	1.4	.0	2.2	-4.2	-2.9
20171130	-5%	5.3	1.3	-9.3	-4.0	-12.0	-9.8	-12.0
20191126	-5%	-5.8	5.7	14.0	22.0	21.8	10.2	18.4
20200227	-5%	-7.0	6.8	-3.8	-13.6	-24.2	-28.0	-20.6
20170503	-5.1%	5.4	5.3	12.4	7.8	10.0	10.0	7.8
20170508	-5.1%	5.3	12.4	7.7	10.0	10.0	7.7	1.2
20180402	-5.1%	5.4	9.2	-6.7	-2.4	8.1	69.0	81.1
20150114	-5.2%	-5.6	.0	-11.1	5.6	5.6	9.7	5.6
20170714	-5.2%	4.7	4.5	4.1	.0	-4.7	-11.6	-18.6
20170828	-5.2%	-5.6	11.1	11.1	13.9	19.4	5.6	-5.6
20200323	-5.2%	8.9	26.7	12.2	22.2	44.9	38.9	33.8
20160229	-5.3%	5.9	9.8	19.6	24.5	25.5	23.5	23.5
20171004	-5.3%	.0	9.5	18.8	25.0	17.2	23.4	25.0
20190222	-5.3%	3.2	4.3	3.2	2.9	19.0	53.5	57.6
20191015	-5.3%	-4.7	-5.6	-25.6	-9.4	-11.6	-23.0	-12.6
20150504	-5.4%	2.1	-3.7	12.5	9.4	2.3	-6.2	-16.7
20160115	-5.4%	.0	-3.3	5.0	5.0	-.4	-5.0	-7.4
20160216	-5.4%	-3.8	-9.6	-5.8	3.9	7.7	17.3	22.1
20161206	-5.4%	7.4	2.5	.8	.8	-2.5	.8	-.8
20170427	-5.4%	3.5	.4	.4	5.8	3.5	10.4	-.0
20170807	-5.4%	-7.9	-13.2	-36.2	-13.2	.1	-10.5	5.3
20171208	-5.4%	-2.9	2.8	-5.7	-3.4	-5.7	-17.1	-7.1
20191120	-5.4%	-16.3	-18.3	-13.7	-9.7	-1.9	2.8	-7.8
20150115	-5.5%	-11.7	-11.6	5.9	8.8	13.2	.0	14.7
20150422	-5.5%	-5.9	2.0	-.4	-5.9	-2.0	-2.4	3.5
20161208	-5.5%	.9	4.2	-6.4	-2.3	-1.5	-2.3	-4.0
20170524	-5.5%	10.4	8.2	1.6	8.2	8.2	8.2	-3.6
20170829	-5.5%	17.3	17.7	26.5	25.0	20.6	3.0	2.6
20181130	-5.5%	3.6	7.7	10.6	3.6	3.9	1.8	.5
20170223	-5.6%	8.1	1.8	8.1	-2.5	4.1	6.0	6.0
20171221	-5.6%	2.5	.0	-12.1	-1.5	4.7	6.1	3.0
20180627	-5.6%	5.0	14.2	12.8	11.9	10.1	10.1	10.6
20181015	-5.6%	-3.7	-3.7	-6.0	-6.9	-7.8	-7.4	-6.5
20200317	-5.6%	-9.2	-10.0	7.0	11.0	2.0	31.3	21.3
20200527	-5.6%	5.3	6.4	2.2	3.6	1.1	1.5	1.8
20150817	-5.7%	7.7	-4.6	3.1	-12.3	-.8	-13.8	-7.5
20160620	-5.7%	5.4	-2.7	-5.4	-.7	.0	.0	-5.4
20170811	-5.7%	-33.4	-9.1	11.8	15.2	20.8	21.2	30.3
20171218	-5.7%	.0	2.5	.0	-12.1	-1.5	4.7	6.1
20200810	-5.7%	4.6	8.7	1.9	-3.8	-4.9	-.1	1.2
20150423	-5.8%	.0	9.8	.0	12.5	4.2	2.0	4.6
20150609	-5.8%	2.5	-1.2	6.2	29.8	50.6	53.1	67.9
20150723	-5.8%	1.6	10.9	14.1	13.9	-4.7	7.8	8.6
20170228	-5.8%	.0	6.3	-4.2	2.3	4.2	4.2	4.2
20191127	-5.8%	.0	17.0	28.2	33.6	18.8	23.3	28.2
20181129	-5.9%	-5.5	.4	2.6	6.0	.0	-3.8	-4.3
20190924	-5.9%	11.3	15.7	13.9	13.2	11.5	-.1	-1.1
20200224	-6%	-3.8	-16.2	-3.8	-13.4	-22.2	-31.8	-35.2
20170919	-6.1%	-7.9	-8.2	5.1	-11.1	-13.2	-15.8	.0
20180323	-6.1%	10.0	11.4	11.4	15.4	-1.4	3.2	14.3
20150526	-6.2%	.0	-2.2	-6.7	-10.0	-7.8	-4.4	22.2
20160111	-6.2%	4.2	.8	-3.3	4.2	-.8	-3.3	-3.3
20170516	-6.2%	4.5	6.7	6.7	4.5	-1.8	4.5	4.5
20171023	-6.2%	-2.6	-1.4	6.7	5.6	-1.3	4.0	-6.6
20160512	-6.3%	.6	5.1	18.6	32.2	28.8	47.5	28.8
20170424	-6.3%	2.3	.0	-3.0	-3.0	2.3	.0	6.7
20171027	-6.3%	8.1	.2	2.7	-2.7	5.4	6.8	4.1
20160721	-6.4%	8.4	9.9	.7	6.9	9.9	-.8	.8
20171116	-6.4%	-4.1	5.5	8.2	2.7	4.1	-4.1	-9.6
20180328	-6.4%	8.3	8.3	12.2	-4.1	.3	11.1	73.6
20170724	-6.5%	6.5	2.4	-2.4	-9.5	-16.7	-52.4	-28.0
20180201	-6.5%	6.2	6.3	-14.1	9.4	9.4	12.2	25.0
20180814	-6.5%	2.2	7.2	2.7	4.0	4.9	4.0	6.2
20150925	-6.6%	-.0	-7.1	-6.3	1.8	-4.5	15.9	21.4
20170308	-6.6%	-3.4	3.2	5.0	5.0	5.0	.8	-1.3
20170707	-6.6%	2.4	8.1	4.8	7.0	4.8	-4.8	-3.6
20180605	-6.6%	-19.3	-1.1	-8.9	-19.6	-8.2	-22.1	-10.7
20150219	-6.7%	53.7	55.0	46.2	50.0	100.0	90.2	55.5
20160923	-6.7%	.7	2.2	.7	2.9	-2.2	-1.8	-5.0
20150602	-6.8%	-.5	4.9	1.2	.0	23.2	22.0	46.3
20150529	-6.9%	10.0	5.0	1.3	3.7	7.5	37.5	33.2
20161028	-6.9%	7.5	2.3	2.3	6.9	4.6	6.9	6.2
20170731	-6.9%	2.5	.5	-5.0	-45.0	-25.0	-7.8	-5.0
20200228	-6.9%	2.6	14.8	7.8	-3.9	-26.1	-26.7	-12.9
20200413	-6.9%	3.1	-.7	-5.4	-3.5	-7.3	-6.8	-6.8
20151001	-7%	1.0	2.0	.0	12.5	32.5	25.0	19.2
20160128	-7%	6.7	1.3	-3.4	-5.9	-12.6	-19.3	-17.6
20160712	-7%	-7.4	-5.4	-11.5	-2.7	-9.5	-6.8	-5.4
20160725	-7%	9.1	1.5	4.5	6.1	.0	.0	4.5
20170329	-7%	4.3	2.2	-.0	6.5	4.3	4.3	-2.2
20150123	-7.1%	12.4	15.6	20.2	6.2	21.8	21.8	24.9
20151116	-7.1%	1.5	-1.5	3.8	8.0	11.5	6.2	4.2
20160901	-7.1%	-1.4	.2	6.2	7.0	9.5	4.7	5.4
20170112	-7.1%	-3.7	2.9	-3.1	-13.3	-.0	-.1	1.9
20180104	-7.1%	6.2	10.8	7.7	7.4	4.6	4.6	5.3
20171102	-7.3%	-1.3	2.5	6.5	-1.6	3.8	5.2	6.5
20160713	-7.4%	2.2	5.1	3.6	5.1	-3.7	2.2	5.1
20180615	-7.4%	-8.1	7.2	-2.1	1.7	5.5	3.4	1.7
20190226	-7.4%	5.0	4.5	7.6	8.1	87.6	64.8	38.0
20181214	-7.6%	2.3	-2.2	-1.7	-6.5	-9.6	1.3	3.0
20150514	-7.7%	-1.6	.9	-3.6	-13.6	-17.7	-17.7	-16.6
20180625	-7.7%	-2.5	1.3	5.1	3.0	1.3	1.3	.8
20170808	-7.8%	8.5	-37.2	-14.3	5.4	8.6	13.9	14.3
20170810	-7.8%	-5.7	-30.7	-5.8	8.7	-2.9	14.3	14.3
20170920	-7.8%	-.0	-2.9	-2.9	-8.6	-8.6	-5.7	5.7
20191022	-7.8%	-11.6	1.0	2.9	-8.0	3.0	-3.4	-11.4
20160113	-7.9%	11.3	.0	10.3	11.3	9.5	4.8	-.9
20160202	-7.9%	3.9	-.9	-3.4	-10.3	-17.2	-15.5	-12.1
20160328	-7.9%	-1.7	17.2	15.5	12.9	13.8	15.3	12.9
20161201	-7.9%	-3.1	1.6	-3.1	-4.7	-4.7	-7.8	-4.7
20170323	-7.9%	8.7	.0	2.2	.5	4.2	5.4	4.3
20200102	-7.9%	7.2	-.4	3.6	9.6	18.4	26.1	30.4
20180618	-8%	3.7	18.4	.5	15.2	14.3	10.6	11.5
20150721	-8.1%	.0	-4.4	8.8	4.4	10.3	-13.2	-4.4
20180117	-8.1%	2.7	.0	.0	.7	-8.7	-8.8	-10.3
20191216	-8.1%	.9	3.2	8.0	43.2	30.7	32.6	33.9
20181004	-8.2%	-1.4	-.9	2.4	-3.3	-2.4	-3.3	-3.3
20191105	-8.2%	-3.8	9.3	3.6	-8.3	-24.6	-33.3	-25.1
20150331	-8.3%	4.5	-28.0	-10.6	-6.8	-15.2	-22.7	-22.7
20160811	-8.3%	-1.5	.0	3.0	6.8	9.1	-.8	.8
20171226	-8.3%	6.5	-6.4	4.8	11.4	12.9	9.7	10.7
20180205	-8.5%	12.7	3.0	3.1	7.9	28.8	28.8	28.8
20170608	-8.6%	9.5	.0	9.4	9.5	8.3	4.8	7.1
20170614	-8.6%	9.5	-2.4	7.1	8.3	5.1	7.1	.0
20171003	-8.6%	-5.3	-5.3	-2.4	9.5	18.3	13.8	18.3
20200309	-8.6%	4.3	-7.1	-28.5	-29.1	-15.7	-12.6	-19.7
20151012	-8.7%	-1.0	19.2	31.5	25.0	15.4	26.9	23.1
20160420	-8.7%	7.1	4.1	8.2	6.6	2.5	-3.3	.0
20170124	-8.7%	13.0	3.3	13.0	13.0	15.2	14.0	8.7
20171011	-8.7%	3.1	15.6	25.0	20.2	25.0	15.9	18.8
20180208	-8.8%	3.2	3.2	8.1	29.0	29.0	29.0	25.8
20160623	-8.9%	1.4	-1.4	3.5	4.2	4.2	-1.4	-1.4
20160613	-9%	13.0	19.8	19.1	7.6	3.8	14.5	16.0
20170815	-9%	21.2	64.8	90.2	70.0	100.0	100.0	105.0
20170901	-9%	.0	7.5	6.2	2.5	-12.5	-12.8	-.2
20170906	-9%	7.5	6.2	2.5	-12.5	-12.8	-.2	-15.5
20200401	-9%	3.4	23.8	29.1	21.8	16.0	17.6	14.1
20171228	-9.1%	-3.3	16.7	10.0	16.7	23.4	16.6	13.4
20200318	-9.2%	1.3	7.9	25.6	11.2	21.1	43.6	37.7
20150108	-9.3%	3.4	24.1	3.4	18.9	36.8	31.0	29.3
20151221	-9.3%	-.1	1.6	5.8	-1.6	-4.6	-6.9	-9.8
20160310	-9.5%	2.4	13.0	15.0	14.1	3.3	23.2	21.4
20150226	-9.6%	.0	9.1	25.0	42.8	28.6	33.9	23.2
20160728	-9.7%	3.1	6.2	7.7	1.5	1.5	6.2	6.9
20180416	-9.7%	10.8	38.5	70.3	78.6	85.5	168.6	273.9
20170510	-9.8%	11.0	8.6	15.8	4.9	11.0	11.5	13.5
20200211	-9.8%	1.5	1.7	1.5	-9.4	-21.1	-9.4	-18.4
20160224	-10%	-.0	10.2	14.3	24.5	29.6	30.6	28.5
20200316	-10.1%	-5.7	-10.4	-1.1	6.6	-1.5	17.9	23.0
20180223	-10.2%	8.6	11.4	8.6	5.8	-1.9	5.8	3.9
20160608	-10.5%	-15.1	-2.6	3.3	2.6	-7.2	-10.5	-1.3
20160506	-10.6%	5.9	.0	3.4	5.1	32.0	27.1	47.7
20170620	-10.7%	12.2	13.4	11.0	7.7	2.4	8.5	9.8
20150325	-10.8%	3.2	-4.3	-12.3	-13.0	-7.2	-17.4	-21.7
20150821	-10.8%	-1.6	3.2	-11.3	-14.2	3.2	-3.1	-6.5
20170616	-10.8%	12.1	12.1	11.0	7.3	9.7	4.9	10.7
20180411	-11%	10.1	15.9	44.9	78.2	86.9	94.1	181.1
20160308	-11.6%	15.1	19.8	20.7	18.8	18.8	5.6	26.4
20191023	-11.6%	-3.1	18.0	15.0	.2	13.7	7.8	-4.5
20200312	-11.6%	3.5	-20.4	-21.1	-6.1	-2.6	-10.5	15.2
20150116	-11.7%	.0	15.0	32.3	26.6	25.0	30.0	31.6
20150402	-12.3%	.0	-.8	5.8	-5.8	-10.7	-20.7	-12.9
20150831	-12.3%	-3.5	-6.7	12.3	5.4	1.8	.8	-1.8
20190617	-12.5%	2.3	15.7	11.7	14.9	12.4	12.6	8.6
20170126	-13.2%	6.4	15.3	15.2	17.5	17.5	10.9	10.8
20150318	-13.6%	14.1	24.4	18.2	10.9	-23.6	-5.1	-1.1
20150206	-13.8%	14.7	16.1	26.4	80.8	82.3	72.0	76.4
20180212	-14%	11.0	21.9	25.5	41.9	45.6	41.9	38.3
20190318	-14.3%	1.8	-14.3	-6.8	-8.4	-7.5	-6.5	-4.7
20150508	-14.4%	8.2	7.8	14.3	3.9	-2.6	-4.8	-9.1
20170929	-14.8%	8.8	-5.9	3.1	11.7	17.6	10.3	16.1
20160609	-15.1%	11.6	14.7	14.7	10.1	5.4	14.0	16.3
20191121	-16.2%	3.7	-8.2	3.1	11.2	19.0	18.8	7.4
20150121	-16.5%	14.8	32.1	26.4	24.8	29.7	31.4	43.0
20190322	-16.5%	.2	5.2	5.8	7.9	10.0	11.2	11.2
20150904	-17.5%	.0	14.7	13.0	9.0	8.1	5.2	-2.3
20190923	-17.5%	-5.9	7.7	7.7	6.5	5.3	-1.4	-7.0
20180523	-18.4%	7.7	17.9	50.8	15.9	42.1	30.8	15.4
20180515	-18.7%	12.5	53.7	31.2	43.7	83.7	41.2	73.1
20180606	-19.2%	15.0	19.0	4.4	-1.8	4.9	1.3	10.2
20150223	-19.8%	12.6	13.6	23.9	42.0	62.3	46.0	52.1
20150406	-21.4%	11.6	38.9	26.3	13.7	1.1	9.5	6.9
20150810	-22.6%	5.2	19.0	19.8	5.2	10.3	-5.2	-8.3
20170814	-33.3%	-9.0	37.6	63.7	63.7	100.1	100.0	95.5

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

Of the 1,549 trading days from 2015 to 2020, there were 210 days in which EMIS was up more than 5%. This table shows the average price changes over the 210 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	.2	1.7	4.0	6.2	6.7	10.8	13.1

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

Of the 1,549 trading days from 2015 to 2020, there were 175 days in which EMIS was down more than -5%. This table shows the average price changes over the 175 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	2.8	5.4	6.9	7.6	9.5	9.6	11.9

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.