Statistics of Price Movements of Eaton Vance New York Muni Income Trust (EVY)

The price movements of Eaton Vance New York Muni Income Trust (ticker EVY) 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 EVY 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 EVY had a big price move
• Table 11. Statistics of daily price changes in the 20 days after EVY moved 5% with twice the 30-day average volume

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

Table 1. Statistics of EVY 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, 45.5% of the time (705 days), EVY closed above the previous day's closing price. 45.5% of the time (705 days), it closed below the previous day's closing price. 9.0% of the time (140 days), it did not change.

Also see: VIX price movement study.

EVY Price Change (%)	Number of Days	% of Total Sessions
8 – 9%	1	0.06%
7 – 8%	2	0.13%
5 – 6%	1	0.06%
3 – 4%	1	0.06%
2 – 3%	12	0.77%
1 – 2%	72	4.65%
0 – 1%	616	39.74%
0%	140	9.03%
0 – -1%	608	39.23%
-1 – -2%	83	5.35%
-2 – -3%	6	0.39%
-3 – -4%	3	0.19%
-4 – -5%	1	0.06%
-6 – -7%	2	0.13%
-7 – -8%	1	0.06%
-13 – -14%	1	0.06%

Table 2. Statistics of EVY: 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 EVY.

40.6% of the time (629 days), EVY closed above the opening price. 50.5% of the time (784 days), it closed below the opening price. 8.9% of the time (138 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
12 – 13%	1	0.06%
8 – 9%	1	0.06%
7 – 8%	1	0.06%
4 – 5%	2	0.13%
3 – 4%	1	0.06%
2 – 3%	8	0.52%
1 – 2%	64	4.13%
0 – 1%	551	35.53%
0%	138	8.90%
0 – -1%	649	41.84%
-1 – -2%	116	7.48%
-2 – -3%	10	0.64%
-3 – -4%	1	0.06%
-4 – -5%	3	0.19%
-5 – -6%	2	0.13%
-6 – -7%	1	0.06%
-7 – -8%	1	0.06%
-15 – -16%	1	0.06%

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

In the past 1,551 trading days, EVY opened more than 5% higher than the previous day's closing price 2 times. Of these days, 0.0% (0 days) had closing prices above the opening price, and 100.0% (2 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
-4 – -5%	1	50.00%
-15 – -16%	1	50.00%

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

On 2 days, EVY opened 4–5% higher than the previous day's closing price. 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
4 – 5%	1	50.00%
-3 – -4%	1	50.00%

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

1 times EVY opened 3 – 4% higher than the previous day's closing price. Among these days, 0.0% (0 days) closed above the opening price, 100.0% (1 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
-7 – -8%	1	100.00%

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

3 times EVY opened 2 – 3% higher than the previous day's closing price. Among these days, 0.0% (0 days) closed above the opening price, 100.0% (3 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
-1 – -2%	2	66.67%
-2 – -3%	1	33.33%

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

34 times EVY opened 1 – 2% higher than the previous day's closing price. Among these days, 17.6% (6 days) closed above the opening price, 79.4% (27 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	2.94%
0 – 1%	5	14.71%
0%	1	2.94%
0 – -1%	15	44.12%
-1 – -2%	11	32.35%
-2 – -3%	1	2.94%

Table 8. Periods when EVY moved 15% or more

In this table, we track the price movements in the 20 days after EVY 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

Table 9. Periods when EVY moved 10% or more

In this table, we track the price movements in the 20 days after EVY 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
20200318	-13.9%	-6.8	-1.5	13.1	8.7	7.2	12.6	10.9

Table 10. Periods when EVY moved 5% or more

In this table, we track the price movements in the 20 days after EVY 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
20200320	8.6%	-7.6	13.0	11.2	4.3	8.7	9.4	10.8
20200326	7.9%	-1.2	-5.0	-6.3	-1.6	-3.1	-2.0	-4.1
20200325	7.6%	8.0	6.3	-.3	3.9	4.5	5.8	3.5
20200324	5.2%	7.7	15.3	9.7	11.2	14.4	14.2	12.1
20161114	-6.2%	1.9	-.2	1.5	1.5	-1.0	-.5	.0
20200319	-6.8%	8.7	13.7	21.8	15.9	17.4	20.9	20.7
20200323	-7.6%	5.2	20.9	16.2	14.6	20.4	18.5	19.9
20200318	-13.9%	-6.8	-1.5	13.1	8.7	7.2	12.6	10.9

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

Of the 1,551 trading days from 2015 to 2020, there were 4 days in which EVY was up more than 5%. This table shows the average price changes over the 4 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	1.7	7.4	3.6	4.4	6.1	6.9	5.6

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

Of the 1,551 trading days from 2015 to 2020, there were 4 days in which EVY was down more than -5%. This table shows the average price changes over the 4 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	2.3	8.2	13.2	10.2	11.0	12.9	12.9

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Also see: VIX price movement study.