Statistics of Price Movements of Energy Transfer LP (ET)

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

The statistics are calculated using ET's price data across 558 trading days from 2018 to 2020.

Table 1. Statistics of ET 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 558 trading days, 47.2% of the time (263 days), ET closed above the previous day's closing price. 47.8% of the time (266 days), it closed below the previous day's closing price. 5.0% of the time (28 days), it did not change.

Also see: VIX price movement study.

ET Price Change (%)	Number of Days	% of Total Sessions
19 – 20%	1	0.18%
12 – 13%	1	0.18%
9 – 10%	3	0.54%
8 – 9%	4	0.72%
7 – 8%	2	0.36%
6 – 7%	5	0.90%
5 – 6%	5	0.90%
4 – 5%	10	1.80%
3 – 4%	24	4.31%
2 – 3%	32	5.75%
1 – 2%	64	11.49%
0 – 1%	112	20.11%
0%	28	5.03%
0 – -1%	106	19.03%
-1 – -2%	59	10.59%
-2 – -3%	39	7.00%
-3 – -4%	27	4.85%
-4 – -5%	14	2.51%
-5 – -6%	4	0.72%
-6 – -7%	2	0.36%
-7 – -8%	5	0.90%
-8 – -9%	3	0.54%
-9 – -10%	1	0.18%
-10 – -11%	2	0.36%
-12 – -13%	1	0.18%
-13 – -14%	1	0.18%
-14 – -15%	1	0.18%
-27 – -28%	1	0.18%

Table 2. Statistics of ET: 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 ET.

39.8% of the time (222 days), ET closed above the opening price. 54.1% of the time (302 days), it closed below the opening price. 6.1% of the time (34 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
14 – 15%	1	0.18%
9 – 10%	1	0.18%
8 – 9%	1	0.18%
7 – 8%	4	0.72%
6 – 7%	2	0.36%
5 – 6%	4	0.72%
4 – 5%	6	1.08%
3 – 4%	17	3.05%
2 – 3%	29	5.20%
1 – 2%	54	9.68%
0 – 1%	103	18.46%
0%	34	6.09%
0 – -1%	108	19.35%
-1 – -2%	82	14.70%
-2 – -3%	55	9.86%
-3 – -4%	26	4.66%
-4 – -5%	17	3.05%
-5 – -6%	7	1.25%
-6 – -7%	2	0.36%
-7 – -8%	1	0.18%
-8 – -9%	1	0.18%
-10 – -11%	2	0.36%
-13 – -14%	1	0.18%

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

In the past 558 trading days, ET opened more than 5% higher than the previous day's closing price 12 times. Of these days, 16.7% (2 days) had closing prices above the opening price, and 83.3% (10 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	2	16.67%
-2 – -3%	2	16.67%
-3 – -4%	2	16.67%
-4 – -5%	3	25.00%
-5 – -6%	1	8.33%
-8 – -9%	1	8.33%
-10 – -11%	1	8.33%

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

On 6 days, ET opened 4–5% higher than the previous day's closing price. Of these days, 50.0% (3 days) had closing prices above the opening price, and 50.0% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
14 – 15%	1	16.67%
4 – 5%	1	16.67%
2 – 3%	1	16.67%
-2 – -3%	1	16.67%
-3 – -4%	1	16.67%
-5 – -6%	1	16.67%

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

10 times ET opened 3 – 4% higher than the previous day's closing price. Among these days, 30.0% (3 days) closed above the opening price, 70.0% (7 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	10.00%
1 – 2%	1	10.00%
0 – 1%	1	10.00%
0 – -1%	1	10.00%
-1 – -2%	3	30.00%
-2 – -3%	2	20.00%
-4 – -5%	1	10.00%

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

18 times ET opened 2 – 3% higher than the previous day's closing price. Among these days, 38.9% (7 days) closed above the opening price, 61.1% (11 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	3	16.67%
2 – 3%	1	5.56%
1 – 2%	1	5.56%
0 – 1%	2	11.11%
0 – -1%	2	11.11%
-1 – -2%	2	11.11%
-2 – -3%	3	16.67%
-3 – -4%	2	11.11%
-4 – -5%	1	5.56%
-10 – -11%	1	5.56%

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

66 times ET opened 1 – 2% higher than the previous day's closing price. Among these days, 47.0% (31 days) closed above the opening price, 50.0% (33 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	2	3.03%
6 – 7%	2	3.03%
5 – 6%	2	3.03%
2 – 3%	6	9.09%
1 – 2%	9	13.64%
0 – 1%	10	15.15%
0%	2	3.03%
0 – -1%	10	15.15%
-1 – -2%	14	21.21%
-2 – -3%	3	4.55%
-3 – -4%	2	3.03%
-4 – -5%	3	4.55%
-5 – -6%	1	1.52%

Table 8. Periods when ET moved 15% or more

In this table, we track the price movements in the 20 days after ET 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
20200319	19.5%	-3.7	-9.7	-16.9	-4.2	2.4	6.6	8.1
20200309	-27.8%	3.5	-8.7	-38.1	-35.0	-31.1	-37.6	-25.8

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

Of the 558 trading days from 2018 to 2020, there were 1 days in which ET was up more than 15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	-3.7	-9.7	-16.9	-4.2	2.4	6.6	8.1

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

Of the 558 trading days from 2018 to 2020, there were 1 days in which ET was down more than -15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	3.5	-8.7	-38.1	-35.0	-31.1	-37.6	-25.8

Table 9. Periods when ET moved 10% or more

In this table, we track the price movements in the 20 days after ET 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
20200319	19.5%	-3.7	-9.7	-16.9	-4.2	2.4	6.6	8.1
20200429	12.2%	3.2	1.0	-6.1	-14.7	-4.1	.5	3.4
20200312	-10.6%	6.8	-27.6	-24.0	-19.4	-27.0	-13.2	-10.3
20200611	-10.7%	-.8	3.3	1.3	-5.4	-9.1	-21.2	-19.0
20200706	-12.3%	2.3	4.4	7.3	5.0	7.3	1.1	6.2
20200318	-13.1%	19.5	5.3	4.6	10.3	21.5	27.4	34.6
20200316	-14.5%	-8.7	-8.7	-14.4	-21.2	-9.2	-3.0	1.0
20200309	-27.8%	3.5	-8.7	-38.1	-35.0	-31.1	-37.6	-25.8

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

Of the 558 trading days from 2018 to 2020, there were 2 days in which ET was up more than 10%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-.2	-4.4	-11.5	-9.5	-.8	3.5	5.8

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

Of the 558 trading days from 2018 to 2020, there were 6 days in which ET was down more than -10%. This table shows the average price changes over the 6 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	3.8	-5.3	-10.6	-10.9	-7.9	-7.7	-2.2

Table 10. Periods when ET moved 5% or more

In this table, we track the price movements in the 20 days after ET 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
20200319	19.5%	-3.7	-9.7	-16.9	-4.2	2.4	6.6	8.1
20200429	12.2%	3.2	1.0	-6.1	-14.7	-4.1	.5	3.4
20181226	9.6%	-.8	2.1	9.6	16.8	13.7	12.9	9.0
20201109	9.5%	-2.9	-4.3	.9	14.8	15.9	10.2	23.8
20200401	9.3%	3.8	10.9	15.5	17.1	20.9	40.2	44.1
20200423	8.7%	2.0	15.5	14.8	6.2	6.5	2.1	17.6
20200518	8.4%	1.8	5.0	5.8	5.1	12.9	14.6	-.5
20201119	8.3%
20200417	8.2%	-1.3	14.4	17.7	26.8	23.1	24.8	12.5
20201008	7.8%	-.5	6.3	-.7	5.6	-4.6	-13.0	-9.6
20201022	7.2%	.8	-15.7	-17.3	-14.2	-13.0	-14.2	-9.6
20200313	6.8%	-14.6	-19.0	-28.7	-29.1	-25.3	-17.7	-13.7
20200729	6.8%	-2.2	3.6	-3.6	-1.8	-1.2	-.3	-1.5
20200302	6.7%	-2.4	-13.7	-40.4	-51.4	-53.9	-59.4	-59.7
20201103	6.3%	-2.7	1.8	-3.6	2.4	10.5	18.0	12.4
20190104	6.2%	2.0	6.5	4.9	2.8	-1.0	.1	3.7
20201204	5.8%
20201123	5.7%
20200422	5.5%	8.8	11.9	20.5	17.0	18.7	6.9	22.7
20190808	5.2%	-.9	-6.3	-2.1	-2.5	-7.2	-3.0	-3.0
20201210	5%
20200330	-5%	1.5	20.8	24.7	31.6	25.6	35.5	58.7
20200624	-5%	-.9	-4.8	-17.5	-15.2	-15.0	-13.5	-11.9
20181204	-5.9%	.0	-2.9	2.2	-9.3	-14.2	-9.3	-7.4
20190805	-5.9%	1.9	4.5	-1.2	3.3	2.9	-2.1	2.3
20200327	-6.1%	-5.0	9.4	17.0	21.8	23.5	27.5	47.8
20201028	-6.7%	.4	4.4	-3.0	1.5	3.2	16.1	27.3
20200501	-7%	3.6	-4.1	-3.8	-7.8	6.1	5.0	5.9
20200806	-7.2%	-3.0	-1.2	-.6	.3	-.9	-.5	-5.0
20200513	-7.5%	-.1	14.6	18.2	19.0	18.3	27.1	29.0
20200311	-7.6%	-10.6	-25.5	-25.5	-30.2	-35.7	-26.0	-20.9
20200506	-7.7%	-1.2	-.9	-5.0	9.4	8.2	9.1	9.6
20201027	-8.5%	-6.7	-8.5	-5.1	-3.7	-5.1	.0	13.8
20200317	-8.6%	-13.1	-8.8	-3.2	-12.4	4.2	7.6	13.5
20200323	-8.7%	.2	-.4	5.0	15.7	21.3	28.2	28.6
20200306	-9.2%	-27.8	-38.3	-48.6	-48.6	-51.8	-55.6	-48.9
20200312	-10.6%	6.8	-27.6	-24.0	-19.4	-27.0	-13.2	-10.3
20200611	-10.7%	-.8	3.3	1.3	-5.4	-9.1	-21.2	-19.0
20200706	-12.3%	2.3	4.4	7.3	5.0	7.3	1.1	6.2
20200318	-13.1%	19.5	5.3	4.6	10.3	21.5	27.4	34.6
20200316	-14.5%	-8.7	-8.7	-14.4	-21.2	-9.2	-3.0	1.0
20200309	-27.8%	3.5	-8.7	-38.1	-35.0	-31.1	-37.6	-25.8

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

Of the 558 trading days from 2018 to 2020, there were 21 days in which ET was up more than 5%. This table shows the average price changes over the 21 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.3	.6	-1.4	.4	1.5	2.1	2.8

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

Of the 558 trading days from 2018 to 2020, there were 21 days in which ET was down more than -5%. This table shows the average price changes over the 21 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-1.8	-3.5	-5.2	-4.3	-2.7	.1	6.2

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Also see: VIX price movement study.