Statistics of Price Movements of Maximus Inc (MMS)

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

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

Table 1. Statistics of MMS 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, 50.4% of the time (780 days), MMS closed above the previous day's closing price. 46.0% of the time (712 days), it closed below the previous day's closing price. 3.6% of the time (56 days), it did not change.

Also see: VIX price movement study.

MMS Price Change (%)	Number of Days	% of Total Sessions
15 – 16%	1	0.06%
12 – 13%	1	0.06%
8 – 9%	1	0.06%
7 – 8%	1	0.06%
6 – 7%	1	0.06%
5 – 6%	2	0.13%
4 – 5%	17	1.10%
3 – 4%	24	1.55%
2 – 3%	66	4.26%
1 – 2%	203	13.11%
0 – 1%	463	29.91%
0%	56	3.62%
0 – -1%	442	28.55%
-1 – -2%	169	10.92%
-2 – -3%	62	4.01%
-3 – -4%	17	1.10%
-4 – -5%	6	0.39%
-5 – -6%	2	0.13%
-6 – -7%	6	0.39%
-7 – -8%	3	0.19%
-10 – -11%	1	0.06%
-11 – -12%	1	0.06%
-13 – -14%	1	0.06%
-16 – -17%	1	0.06%
-21 – -22%	1	0.06%

Table 2. Statistics of MMS: 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 MMS.

48.3% of the time (748 days), MMS closed above the opening price. 47.7% of the time (739 days), it closed below the opening price. 4.0% of the time (62 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
12 – 13%	1	0.06%
8 – 9%	2	0.13%
6 – 7%	2	0.13%
5 – 6%	4	0.26%
4 – 5%	3	0.19%
3 – 4%	25	1.61%
2 – 3%	60	3.87%
1 – 2%	199	12.85%
0 – 1%	452	29.18%
0%	62	4.00%
0 – -1%	478	30.86%
-1 – -2%	181	11.68%
-2 – -3%	52	3.36%
-3 – -4%	11	0.71%
-4 – -5%	6	0.39%
-5 – -6%	6	0.39%
-6 – -7%	1	0.06%
-7 – -8%	1	0.06%
-8 – -9%	1	0.06%
-11 – -12%	1	0.06%
-14 – -15%	1	0.06%

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

In the past 1,549 trading days, MMS opened more than 5% higher than the previous day's closing price 3 times. Of these days, 66.7% (2 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
3 – 4%	2	66.67%
-2 – -3%	1	33.33%

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

On 1 days, MMS opened 4–5% higher than the previous day's closing price. Of these days, 0.0% (0 days) had closing prices above the opening price, and 100.0% (1 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
-5 – -6%	1	100.00%

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

8 times MMS opened 3 – 4% higher than the previous day's closing price. Among these days, 37.5% (3 days) closed above the opening price, 62.5% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	12.50%
0 – 1%	2	25.00%
0 – -1%	1	12.50%
-1 – -2%	2	25.00%
-2 – -3%	2	25.00%

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

14 times MMS opened 2 – 3% higher than the previous day's closing price. Among these days, 35.7% (5 days) closed above the opening price, 64.3% (9 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
12 – 13%	1	7.14%
4 – 5%	1	7.14%
1 – 2%	1	7.14%
0 – 1%	2	14.29%
0 – -1%	5	35.71%
-1 – -2%	2	14.29%
-3 – -4%	1	7.14%
-4 – -5%	1	7.14%

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

71 times MMS opened 1 – 2% higher than the previous day's closing price. Among these days, 54.9% (39 days) closed above the opening price, 45.1% (32 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	2	2.82%
2 – 3%	10	14.08%
1 – 2%	8	11.27%
0 – 1%	19	26.76%
0 – -1%	20	28.17%
-1 – -2%	8	11.27%
-2 – -3%	3	4.23%
-4 – -5%	1	1.41%

Table 8. Periods when MMS moved 15% or more

In this table, we track the price movements in the 20 days after MMS 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
20200317	15.2%	2.1	-4.7	-2.0	2.1	-.8	7.5	8.8
20161109	-16.9%	8.6	19.1	22.1	27.0	25.7	19.9	19.6
20151112	-21.8%	-3.6	-1.8	1.4	3.5	6.2	9.6	5.1

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

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which MMS 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%	2.1	-4.7	-2.0	2.1	-.8	7.5	8.8

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

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which MMS was down more than -15%. 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 ≥ -15%	2.5	8.7	11.8	15.2	16.0	14.7	12.3

Table 9. Periods when MMS moved 10% or more

In this table, we track the price movements in the 20 days after MMS 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
20200317	15.2%	2.1	-4.7	-2.0	2.1	-.8	7.5	8.8
20190808	12.9%	-4.7	-4.7	-2.0	-2.5	-4.5	-3.2	-1.6
20200316	-10.4%	15.3	5.1	12.6	16.4	13.4	19.7	29.1
20200320	-11.5%	4.6	7.5	12.0	8.8	17.9	19.4	20.0
20200312	-13.3%	4.6	10.2	2.9	5.8	10.2	7.0	16.0
20161109	-16.9%	8.6	19.1	22.1	27.0	25.7	19.9	19.6
20151112	-21.8%	-3.6	-1.8	1.4	3.5	6.2	9.6	5.1

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

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which MMS 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%	-1.3	-4.7	-2.0	-.2	-2.7	2.1	3.6

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

Of the 1,549 trading days from 2015 to 2020, there were 5 days in which MMS was down more than -10%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	5.9	8.0	10.2	12.3	14.7	15.1	18.0

Table 10. Periods when MMS moved 5% or more

In this table, we track the price movements in the 20 days after MMS 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
20200317	15.2%	2.1	-4.7	-2.0	2.1	-.8	7.5	8.8
20190808	12.9%	-4.7	-4.7	-2.0	-2.5	-4.5	-3.2	-1.6
20161110	8.5%	5.9	10.7	14.4	17.0	14.5	9.6	11.1
20200324	7%	-4.3	-1.1	-3.5	1.7	9.8	6.0	11.0
20200518	6.8%	-2.7	.3	4.5	4.1	4.0	4.4	-2.6
20161111	5.9%	4.5	5.9	10.2	10.2	6.3	3.8	4.9
20200302	5.4%	-3.4	-2.6	-8.3	-25.6	-11.6	-12.4	-17.0
20160627	-5.9%	.1	8.6	8.7	14.6	15.5	13.7	17.1
20201203	-5.9%
20200309	-6%	2.1	-9.1	-4.2	-10.6	-8.1	-4.3	-7.0
20150806	-6.4%	-7.9	-6.6	-4.6	-5.2	-8.0	-4.1	-4.1
20200611	-6.6%	.3	.5	.8	4.3	3.7	3.4	5.9
20160624	-6.7%	-6.0	2.1	1.6	6.8	9.4	6.8	8.2
20170407	-6.8%	.7	.3	2.4	5.2	7.6	6.6	6.9
20160205	-6.9%	-1.6	-.9	1.9	2.4	2.8	4.8	7.7
20180510	-7.8%	-2.2	-1.0	.9	-.9	-2.1	-1.9	1.3
20150807	-7.9%	1.2	1.9	2.6	.5	3.6	1.5	3.8
20160407	-7.9%	-1.0	4.9	7.9	9.6	11.2	10.5	8.2
20200316	-10.4%	15.3	5.1	12.6	16.4	13.4	19.7	29.1
20200320	-11.5%	4.6	7.5	12.0	8.8	17.9	19.4	20.0
20200312	-13.3%	4.6	10.2	2.9	5.8	10.2	7.0	16.0
20161109	-16.9%	8.6	19.1	22.1	27.0	25.7	19.9	19.6
20151112	-21.8%	-3.6	-1.8	1.4	3.5	6.2	9.6	5.1

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

Of the 1,549 trading days from 2015 to 2020, there were 7 days in which MMS was up more than 5%. This table shows the average price changes over the 7 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.3	.6	1.9	1.0	2.5	2.2	2.1

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

Of the 1,549 trading days from 2015 to 2020, there were 16 days in which MMS was down more than -5%. This table shows the average price changes over the 16 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	1.2	2.9	4.3	5.5	6.8	7.0	8.6

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Also see: VIX price movement study.